5 Stocks to Buy and Hold for Over 10 Years According to Ray Dalio

3. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 83 

Johnson & Johnson (NYSE:JNJ) markets healthcare products. Hedge funds are bullish on the stock as inflation rises. At the end of the fourth quarter of 2021, 83 hedge funds in the database of Insider Monkey held stakes worth $7.3 billion in Johnson & Johnson (NYSE:JNJ), compared to 88 in the previous quarter worth $6.8 billion.

According to the latest data, Bridgewater Associates owned more than 3 million shares of Johnson & Johnson (NYSE:JNJ) at the end of the fourth quarter of 2021 worth $529 million, representing 3.08% of the portfolio. The fund first bought a stake in the company during the first quarter of 2011.