5 High Quality S&P 500 Stocks Billionaires Are Loading Up On

In this piece, we will take a look at the five high quality S&P 500 stocks billionaires are loading up on. For more stocks, head on over to 10 High Quality S&P 500 Stocks Billionaires Are Loading Up On.

5. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Billionaire Investors In Q1 2023: 25

UnitedHealth Group Incorporated (NYSE:UNH) is an American healthcare firm. Headquartered in Minnesota, it provides different healthcare plans.

Insider Monkey’s first quarter of 2023 survey covering 943 hedge funds revealed that 116 had bought UnitedHealth Group Incorporated (NYSE:UNH)’s shares. Out of these, the firm’s largest investor is Rajiv Jain’s GQG Partners with a $2.2 billion stake that comes via 4.8 million shares.

4. Meta Platforms, Inc. (NASDAQ:META)

Number of Billionaire Investors In Q1 2023: 26

Meta Platforms, Inc. (NASDAQ:META) is one of the world’s largest technology companies. This is because it owns several popular social networks and instant messaging platforms. Previously known as Facebook, the firm is based in Menlo Park, California.

After digging through 943 hedge funds for their March quarter of 2023 investments, Insider Monkey discovered that 220 had held a stake in the company. Meta Platforms, Inc. (NASDAQ:META)’s largest shareholder is Philippe Laffont’s Coatue Management with a $1.7 billion investment.

3. Salesforce, Inc. (NYSE:CRM)

Number of Billionaire Investors In Q1 2023: 26

Salesforce, Inc. (NYSE:CRM) is an American firm headquartered in San Francisco, California. It is one of the leading firms in enterprise application software. Its products allow customers to run analytics, generate invoices, and manage customer relationships among other applications.

After digging through 943 hedge funds for their first quarter of 2023 shareholdings, Insider Monkey found out that 136 had held a stake in the software company. Out of these, Salesforce, Inc. (NYSE:CRM)’s largest investor is Ken Fisher’s Fisher Asset Management since it owns 14 million shares that are worth $2.8 billion.

2. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Billionaire Investors In Q1 2023: 31

Amazon.com, Inc. (NASDAQ:AMZN) is the leading player in the global electronic commerce industry. It is the largest company that allows both general customers and merchants to purchase products from its platform. However, Amazon.com, Inc. (NASDAQ:AMZN) is not limited only to e-commerce; it has a dominant cloud computing division whose services are utilized by both large and small firms; sells consumer electronics products; and also has a satellite internet division aiming to launch its first spacecraft soon.

By the end of Q1 2023, 243 of the 943 hedge funds part of Insider Monkey’s database had bought and owned Amazon.com, Inc. (NASDAQ:AMZN)’s shares. Its largest investor is Ken Fisher’s Fisher Asset Management with a $4.2 billion stake.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Billionaire Investors In Q1 2023: 33

Microsoft Corporation (NASDAQ:MSFT) is the leading player in the global technology market courtesy of its operating system Windows. Windows is the backbone of the global personal computing market, and the firm also has an important cloud computing division that commands a large portion of the enterprise market.

289 of the 943 hedge funds profiled by Insider Monkey for their March quarter of 2023 shareholdings had held a stake in Microsoft Corporation (NASDAQ:MSFT). Out of these, the firm’s largest shareholder is Michael Larson’s Bill & Melinda Gates Foundation Trust with an $11 billion investment.

Disclosure: None. You can also take a look at Analysts are Upgrading These 10 Stocks and 12 Biggest Health Insurance Companies in the World.

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