5 Dow Stocks Billionaires Like The Least

In this piece, we will take a look at the five Dow stocks that billionaires really don’t like. If you want to learn all the latest abut the Dow, then read 12 Dow Stocks Billionaires Like The Least.

5. JPMorgan Chase & Co. (NYSE:JPM)

Number of Billionaire Investors In Q3 2023: 13

JPMorgan Chase & Co. (NYSE:JPM) is one of the biggest investment and retail banks in the world. The firm’s chief, Jamie Dimon, blasted the cryptocurrency sector in December 2023 when he bluntly stated that he would shut the sector down if given the opportunity.

During Q3 2023, 109 out of the 910 hedge funds tracked by Insider Monkey were JPMorgan Chase & Co. (NYSE:JPM)’s shareholders. Ken Fisher’s Fisher Asset Management was the largest investor due to its $1.6 billion stake.

4. The Travelers Companies, Inc. (NYSE:TRV)

Number of Billionaire Investors In Q3 2023: 12

The Travelers Companies, Inc. (NYSE:TRV) is an American property and casualty insurance provider headquartered in New York, New York. The firm made a big announcement in November 2023, when it beefed up its technology portfolio by acquiring a cyber insurance company for a $435 million price tag.

By the end of this year’s third quarter, 43 out of the 910 hedge funds surveyed by Insider Monkey had bought a stake in the company. The Travelers Companies, Inc. (NYSE:TRV)’s biggest shareholder in our database is Israel Englander’s Millennium Management as it owns $196 million worth of shares.

3. Verizon Communications Inc. (NYSE:VZ)

Number of Billionaire Investors In Q3 2023: 12

Verizon Communications Inc. (NYSE:VZ) is a telecommunications company that provides voice and data products. The firm has beaten analyst EPS estimates in three out of its four latest quarters and the stock is rated Buy on average.

After scouring through 910 hedge fund portfolios for their September 2023 investments, Insider Monkey found 61 Verizon Communications Inc. (NYSE:VZ) shareholders. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital was the largest investor through its $747 million investment.

2. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Number of Billionaire Investors In Q3 2023: 11

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is an  American pharmacy chain operator headquartered in Deerfield, Illinois. These days, market talk is back to speculating a potential sale of its British business division after Walgreens Boots Alliance, Inc. (NASDAQ:WBA) offloaded billions of dollars of pension plans in November 2023.

Insider Monkey’s third quarter of 2023 research covering 910 hedge funds outlined that 31 had bought the firm’s shares. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)’s biggest hedge fund investor is Paul Marshall and Ian Wace’s Marshall Wace LLP due to its $120 million stake.

1. Dow Inc. (NYSE:DOW)

Number of Billionaire Investors In Q3 2023: 10

Dow Inc. (NYSE:DOW) sells chemicals, adhesives, coatings, and other associated products. It is heavily focusing on environmentally friendly operations these days, as the board approved an investment to build the world’s first ethylene cracking facility in Canada.

39 out of the 910 hedge funds part of Insider Monkey’s Q3 2023 database had invested in Dow Inc. (NYSE:DOW). Richard S. Pzena’s Pzena Investment Management was the largest shareholder as it owned $939 million worth of shares.

Disclosure: None. You can also take a look at 12 Most Promising Stocks to Buy According to Hedge Funds and Billionaire Druckenmiller’s 10 Stocks Picks with Huge Upside Potential.

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