5 Little-Known Stocks Billionaires are Loading Up On

In this piece, we will take a look at five little-known stocks billionaires are loading up on. For more stocks, head on over to 10 Little-Known Stocks Billionaires are Loading Up On.

5. Employers Holdings, Inc. (NYSE:EIG)

Number of Billionaire  Investors In Q1 2023: 8

Employers Holdings, Inc. (NYSE:EIG) is an insurance firm headquartered in Reno, Nevada. It was set up in 2000 and provides property and casualty insurance products. These include workers’ insurance through other entities such as third parties and independent agents and its own agents as well.

13 of the 943 hedge funds part of Insider Monkey’s database had bought Employers Holdings, Inc. (NYSE:EIG)’s shares during the first quarter of this year. Out of these, the largest shareholder is Israel Englander’s Millennium Management which owns 414,435 shares that are worth $17 million.

4. AMERISAFE, Inc. (NASDAQ:AMSF)

Number of Billionaire  Investors In Q1 2023: 8

AMERISAFE, Inc. (NASDAQ:AMSF) is an insurance company based in DeRidder, Louisiana. It primarily engages in providing workers’ compensation insurance to a variety of businesses, allowing them to take care of disabled, injured, and other employees through different insurance packages provided by the employer itself.

12 hedge funds held a stake in the firm during Q1 2023. Out of these, Chuck Royce’s Royce & Associates is the largest shareholder with a $9.1 million stake.

3. Hope Bancorp, Inc. (NASDAQ:HOPE)

Number of Billionaire  Investors In Q1 2023: 9

Hope Bancorp, Inc. (NASDAQ:HOPE) is another bank. Based in California, it provides services to businesses and regular customers.

As of March 2023, 19 of the 943 hedge funds surveyed by Insider Monkey had bought and owned Hope Bancorp, Inc. (NASDAQ:HOPE)’s shares. Its largest shareholder is Richard S. Pzena’s Pzena Investment Management with a $24 million stake.

2. Dorian LPG Ltd. (NYSE:LPG)

Number of Billionaire  Investors In Q1 2023: 9

Dorian LPG Ltd. (NYSE:LPG) is part of a crucial industry that has risen to prominence after the Russian invasion of Ukraine. It is a liquefied petroleum gas (LPG) transporter with nearly two dozen tankers in its fleet. LPG demand has soared globally, particularly in Europe, and perhaps that’s why Dorian LPG Ltd. (NYSE:LPG) ranks high on our list.

Insider Monkey took a look at 943 hedge funds for their first quarter of 2023 shareholdings and found out that 19 had bought Dorian LPG Ltd. (NYSE:LPG)’s shares. Its largest hedge fund investor is Israel Englander’s Millennium Management with an $18.5 million stake.

1. Nevro Corp. (NYSE:NVRO)

Number of Billionaire  Investors In Q1 2023: 9

Nevro Corp. (NYSE:NVRO) is a medical devices company based in Redwood City, California. It serves the needs of patients with chronic pain and sells devices such as neuromodulation systems.

After digging through 943 hedge funds for their March quarter of 2023 shareholdings, Insider Monkey discovered that 25 had bought and owned a stake in the firm. Nevro Corp. (NYSE:NVRO)’s largest hedge fund investor is Alex Karnal’s Braidwell LP with a $59 million investment.

Disclosure: None. You can also take a look at 16 Best Investment Apps for Beginners and 10 Best Industrial Distribution Stocks to Buy Now.

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