5 Dow Stocks Billionaires Are Loading Up On

2. salesforce.com, inc. (NYSE:CRM)

Total Number of Billionaire Investors: 26

salesforce.com, inc. (NYSE:CRM) ranks second in our list of the Dow stocks billionaires are loading up on. Insider Monkey’s latest analysis shows that 26 billionaires had stakes in salesforce.com, inc. (NYSE:CRM) via their hedge funds. The total value of the stakes owned by billionaires in salesforce.com, inc. (NYSE:CRM) stood at $3.7 billion. Some of the most notable billionaires having stakes in salesforce.com, inc. (NYSE:CRM) include Thomas Steyer, Steve Cohen and Dan Loeb.

Vulcan Value Partners made the following comment about Salesforce, Inc. (NYSE:CRM) in its Q1 2023 investor letter:

Salesforce, Inc. (NYSE:CRM) was a material contributor during the quarter. The company has taken numerous positive steps to increase profitability more quickly than expected. Salesforce also improved its corporate governance by recommending three new board members. The company is focused on improving margins, deemphasizing acquisitions, and has expanded its stock buyback plan from $10 billion to $20 billion. We believe Salesforce can pursue these opportunities while continuing to increase its competitive position.