5 Momentum Stocks Billionaires Are Loading Up On

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1. AutoZone, Inc. (NYSE:AZO)

Number of Billionaire Investors in Q1 2023: 14

AutoZone, Inc. (NYSE:AZO) is a car part company based in Memphis, Tennessee. It acts as a retailer for nearly every auto part imaginable, with a few examples being brake, transmission, and engine products as well as fuel additives and other accessories.

As of Q1 2023, 50 of the 943 hedge funds part of Insider Monkey’s database had held a stake in the firm. AutoZone, Inc. (NYSE:AZO)’s largest hedge fund investor is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital with a $268 million stake.

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Disclosure: None. You can also take a look at 11 Best Penny Stocks To Buy and 10 5G Stocks Billionaires Are Loading Up On.

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