5 Stocks Insiders and Billionaires Are Crazy About

In this article, we will take a look at the 5 stocks insiders and billionaires are crazy about. If you want to explore similar stocks, you can go to 10 Stocks Insiders and Billionaires Are Crazy About.

5. Zumiez Inc. (NASDAQ:ZUMZ)

Number of Billionaire Investors: 8

Dollar Value of Billionaire Holdings: $8,971,329

Number of Hedge Fund Holders: 17

Zumiez Inc. (NASDAQ:ZUMZ) is an American apparel retailer. At the end of the first quarter of 2023, 17 hedge funds held positions in the company worth $34.3 million. Of those, Divisar Capital was the top investor in the company and held a position worth $9.4 million.

Insiders and billionaires are crazy about Zumiez Inc. (NASDAQ:ZUMZ). On June 5, the company disclosed that its CEO Richard Brooks purchased 10,000 company shares at $14.67 per share. The same day, the company’s president international Adam Ellis bought 74,930 shares of the company for a total transaction amount of $1 million.

At the close of Q1 2023, 8 billionaires held stakes in Zumiez Inc. (NASDAQ:ZUMZ). The total value of these stakes amounted to $8.9 million.

4. Integra LifeSciences Holdings Corporation (NASDAQ:IART)

Number of Billionaire Investors: 10

Dollar Value of Billionaire Holdings: $98,052,942

Number of Hedge Fund Holders: 22

Integra LifeSciences Holdings Corporation (NASDAQ:IART) operates as a healthcare equipment company in the United States and internationally. On June 1, the company disclosed that its president and CEO Jan De Witte purchased 7,792 company shares for a total transaction of roughly $300,000. The same day, the company’s executive vice president and chief legal officer Eric Ian Schwartz acquired 2,640 shares of the company at $37.89 per share.

At the close of Q1 2023, 22 hedge funds were long Integra LifeSciences Holdings Corporation (NASDAQ:IART) and disclosed stakes worth $181.5 million in the company. Of those, AQR Capital Management was the top stockholder in the company and held a position worth $23.7 million.

10 billionaires held stakes in Integra LifeSciences Holdings Corporation (NASDAQ:IART) at the close of Q1 2023. The total value of these stakes amounted to $98 million. Integra LifeSciences Holdings Corporation (NASDAQ:IART) is placed fourth among the top stocks that insiders and billionaires are crazy about.

ClearBridge Investments made the following comment about Integra LifeSciences Holdings Corporation (NASDAQ:IART) in its Q4 2022 investor letter:

“Integra LifeSciences Holdings Corporation (NASDAQ:IART), a supplier of surgical instruments and implants, was boosted by a broad rebound in health care equipment providers after a difficult year as well as an increase in medical procedures as the economy and health care sector normalize from the restrictions of the COVID-19 pandemic.”

3. Advance Auto Parts, Inc. (NYSE:AAP)

Number of Billionaire Investors: 12

Dollar Value of Billionaire Holdings: $257,322,923

Number of Hedge Fund Holders: 38

Insiders and billionaires are crazy about Advance Auto Parts, Inc. (NYSE:AAP). At the end of Q1 2023, 12 billionaires held stakes in the company. The total value of these stakes was estimated at $257.3 million.

On June 7, Advance Auto Parts, Inc. (NYSE:AAP) disclosed that its board members Jeff Jones, Eugene I. Lee, Jr., John F. Ferraro, and Carla Bailo purchased over $731,000 worth of the company’s shares.

At the end of the first quarter of 2023, Advance Auto Parts, Inc. (NYSE:AAP) was spotted on 38 hedge funds’ portfolios that held positions worth $584.6 million in the company. As of March 31, Marshall Wace LLP is the top shareholder in the company and has disclosed a stake worth $155.6 million.

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.

1. HEICO Corporation (NYSE:HEI)

Number of Billionaire Investors: 14

Dollar Value of Billionaire Holdings: $233,481,366

Number of Hedge Fund Holders: 49

HEICO Corporation (NYSE:HEI) is on the radars of both insiders and billionaires. At the end of Q1 2023, 14 billionaires held stakes worth $233.4 million in the company.

Insiders are crazy about HEICO Corporation (NYSE:HEI). Over the past 2 weeks, 10 corporate insiders have purchased 2951 company shares for a total transaction amount of over $414,000.

At the close of the first quarter of 2023, 49 hedge funds were eager on HEICO Corporation (NYSE:HEI) and disclosed positions worth $1 billion. Of those, Giverny Capital was the top stockholder in the company and held a position worth $89.2 million.

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