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

2. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 60

PepsiCo, Inc. (NASDAQ:PEP) markets beverages and convenience foods. Regulatory filings indicate that Bridgewater Associates owned over 3 million shares of the company at the end of December 2021 worth $530 million, representing 3.08% of the portfolio. The company has featured in the Dalio portfolio since late 2010. 

At the end of the fourth quarter of 2021, 60 hedge funds in the database of Insider Monkey held stakes worth $4.6 billion in PepsiCo, Inc. (NASDAQ:PEP), compared to 61 in the previous quarter worth $4.4 billion.