5 Safe Haven Stocks Billionaires Are Loading Up On

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1. UnitedHealth Group Inc. (NYSE:UNH)

Number of Billionaire Investors: 25

UnitedHealth Group Inc. (NYSE:UNH) is one of the top safe haven stocks billionaires love. Insider Monkey’s database of billionaires’ holdings 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 with stakes in UnitedHealth Group Inc. (NYSE:UNH) included Rajiv Jain, Andreas Halvorsen and Richard Chilton.

With over a decade of consistent dividend increases and long-term growth catalysts UnitedHealth Group Inc. (NYSE:UNH) is a solid pick for recessions.

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.”

You can also take a peek at 25 Best Summer Jobs for College Students and 12 Best Multibagger Penny Stocks To Buy.

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