In this article, we discuss the 5 stocks US politicians are buying. If you want to read about some more stocks that US politicians are buying, go directly to 10 Stocks US Politicians Are Buying.
5. Duke Energy Corporation (NYSE:DUK)
Number of Hedge Fund Holders: 36
Duke Energy Corporation (NYSE:DUK) is a North Carolina-based energy company. Hedge funds have been piling into the stock as energy prices rise. At the end of the fourth quarter of 2021, 36 hedge funds in the database of Insider Monkey held stakes worth $1.1 billion in Duke Energy Corporation (NYSE:DUK), up from 32 in the preceding quarter worth $687 million.
According to the latest filings, US politician Morris Brooks disclosed a purchase of Duke Energy Corporation (NYSE:DUK) stock worth around $1,000-$15,000 on March 22. The transaction in this regard took place on March 18.
4. Meta Platforms, Inc. (NASDAQ:FB)
Number of Hedge Fund Holders: 224
Meta Platforms, Inc. (NASDAQ:FB) is a diversified technology company. Per latest disclosures, US politician Rohit Khanna bought the stock of the tech firm worth around $1,000-$15,000. The transaction in this regard was disclosed almost a month after it was made.
Meta Platforms, Inc. (NASDAQ:FB) remains a favorite tech stock in the hedge fund universe. At the end of the fourth quarter of 2021, 224 hedge funds in the database of Insider Monkey held stakes worth $31 billion in Meta Platforms, Inc. (NASDAQ:FB), compared to 248 in the preceding quarter worth $38 billion.
In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ:FB) was one of them. Here is what the fund said:
“We continued to keep our learnings from 2020 in mind during the quarter as we sought to increase the up capture of the portfolio. We also made adjustments to the portfolio’s top 10 holdings to increase the participation of select stocks, including Facebook, while trimming our weighting to stable names, which now represent 47% of the portfolio. Our repositioning has been encouraging so far with the portfolio performing better on up days in the market while maintaining good down capture during more turbulent sessions.”
3. AT&T Inc. (NYSE:T)
Number of Hedge Fund Holders: 70
AT&T Inc. (NYSE:T) is a communications, media, and technology company. The hedge fund sentiment around the stock is overwhelmingly positive. At the end of the fourth quarter of 2021, 70 hedge funds in the database of Insider Monkey held stakes worth $4.9 billion in AT&T Inc. (NYSE:T), compared to 66 in the preceding quarter worth $3.2 billion.
On March 21, US politician Michael Guest disclosed a purchase of AT&T Inc. (NYSE:T) stock worth somewhere between $1,000-$15,000. The transaction in this regard took place a week before it was made public.
In its Q1 2021 investor letter, Nelson Capital Management, an asset management firm, highlighted a few stocks and AT&T Inc. (NYSE:T) was one of them. Here is what the fund said:
“Nelson Capital stayed busy in the first quarter, making several adjustments within our core portfolio. In the communication services sector, we sold AT&T Inc. (NYSE:T). Over the years, AT&T Inc. (NYSE:T) has made several poor acquisitions, especially in the content realm, leaving the company saddled with debt and unable to change directions.”
2. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 134
Apple Inc. (NASDAQ:AAPL) is a California-based tech giant. On March 24, US politician Ronald Wyden revealed a purchase of the stock worth worth somewhere between $50,000 and $100,000. The transaction in this regard took place more than three weeks ago.
Apple Inc. (NASDAQ:AAPL) has attracted the interest of elite hedge funds in the past few months. At the end of the fourth quarter of 2021, 134 hedge funds in the database of Insider Monkey held stakes worth $186 billion in Apple Inc. (NASDAQ:AAPL), compared to 120 in the previous quarter worth $146 billion.
In its Q1 2021 investor letter, Distillate Capital, an asset management firm, highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) was one of them. Here is what the fund said:
“Apple is an even more notable situation and one that highlights our free cash valuation methodology and bears further discussion given its Q3 ‘20 sale from our strategy. For an extended period, Apple was extraordinarily inexpensive on a free cash flow basis and was the largest position in our strategy, exceeding 5% of the portfolio.”
1. United States Steel Corporation (NYSE:X)
Number of Hedge Fund Holders: 39
United States Steel Corporation (NYSE:X) produces and sells steel products. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm DE Shaw is a leading shareholder in United States Steel Corporation (NYSE:X) with 7.7 million shares worth more than $184 million.
On March 12, US politician Thomas Tuberville disclosed a purchase of United States Steel Corporation (NYSE:X) stock worth around $100,000-250,000. The purchase was made public more than a month after the transaction in this regard.
You can also take a peek at 10 Best Medical Companies Under $10 and 15 Best Warren Buffett Companies to Buy Now.
