5 Momentum Stocks Billionaires Are Loading Up On

2. Campbell Soup Company (NYSE:CPB)

Number of Billionaire Investors in Q1 2023: 13

Campbell Soup Company (NYSE:CPB) is one of the oldest companies on our list. An iconic American brand, the firm was set up in 1869 and is headquartered in Camden, New Jersey. It has dozens of soup, pasta, and baked goods brands.

26 of the 943 hedge funds profiled by Insider Monkey for their March quarter of 2023 investments had bought Campbell Soup Company (NYSE:CPB)’s shares. Jim Simons’ Renaissance Technologies is its largest shareholder since it owns 3.5 million shares that are worth $194 million.

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