5 Stocks Insiders and Billionaires Are Crazy About

2. Genuine Parts Company (NYSE:GPC)

Number of Billionaire Investors: 13

Dollar Value of Billionaire Holdings: $422,878,605

Number of Hedge Fund Holders: 39

Genuine Parts Company (NYSE:GPC) is experiencing significant buy-side insider activity. On June 1, the company disclosed that its group president Randy Breaux acquired 500 company shares for a total transaction amount of $74,720. On June 2, the company’s board member Robert C. Loudermilk, Jr. purchased 2,000 shares of the company at $151.75 per share.

At the end of Q1 2023, 13 billionaires held positions in Genuine Parts Company (NYSE:GPC) worth $422.8 million. Genuine Parts Company (NYSE:GPC) is one of the top stocks that insiders and billionaires are crazy about.

Genuine Parts Company (NYSE:GPC) was a part of 39 hedge funds’ portfolios at the end of Q1 2023. The total stakes of these hedge funds in the company amounted to $926.9 million. As of March 31, Citadel Investment Group is the largest shareholder in the company and has disclosed a stake worth $128.5 million.

Follow Genuine Parts Co (NYSE:GPC)