5 Recession-Proof Stocks Billionaires Are Loading Up On

2. UnitedHealth Group Inc. (NYSE:UNH)

Number of Billionaire Investors: 25

UnitedHealth Group Inc. (NYSE:UNH) is one of the biggest managed healthcare and insurance companies. UnitedHealth Group Inc. (NYSE:UNH) also pays regular dividends. Healthcare sector is considered recession-proof and UnitedHealth Group Inc. (NYSE:UNH)’s dominance in the sector and strong fundamentals make it one of the favorite stocks of billionaires during troubled times.

Insider Monkey’s data of billionaires shows that 25 billionaires had stakes in UnitedHealth Group Inc. (NYSE:UNH) as of the end of the first quarter. Some of the notable billionaires having stakes in UnitedHealth Group Inc. (NYSE:UNH) during this period was Rajiv Jain, Andreas Halvorsen, Cliff Asness and DE Shaw.

ClearBridge Large Cap Value Strategy made the following comment about UnitedHealth Group Incorporated (NYSE:UNH) in its first quarter 2023 investor letter:

“The tech-dominated quarter was a headwind for both defensive and cyclical sectors, with shares of health care holdings such as UnitedHealth Group Incorporated (NYSE:UNH), Elevance (ELV) and Johnson & Johnson (JNJ) declining after a strong 2022.”