5 Stocks Wall Street Analysts and Billionaires Are Crazy About

In this piece, we will take a look at five stocks that Wall Street analysts and billionaires are crazy about. If you want a detailed look at what’s going on in the stock market, head on over to 10 Stocks Wall Street Analysts and Billionaires Are Crazy About.

5. Encore Wire Corporation (NASDAQ:WIRE)

Number Of Billionaire Investors As of Q1 2023: 9

Encore Wire Corporation (NASDAQ:WIRE) makes and sells electrical components. Headquartered in McKinney, Texas, the firm’s products include wires and cables which it sells to companies operating in the residential and commercial sectors.

After digging through 943 hedge funds for their March quarter of 2023 investments, Insider Monkey discovered that 27 had held a stake in Encore Wire Corporation (NASDAQ:WIRE). Out of these, the firm’s largest shareholder is Chuck Royce’s Royce & Associates since it owns 382,923 shares that are worth $70 million.

4. W&T Offshore, Inc. (NYSE:WTI)

Number Of Billionaire Investors As of Q1 2023: 10

W&T Offshore, Inc. (NYSE:WTI) is an oil and gas company operating out of Houston, Texas. The firm explores for oil and gas in the Gulf of Mexico and it was set up in 1983.

21 of the 943 hedge funds part of Insider Monkey’s database had bought and owned W&T Offshore, Inc. (NYSE:WTI)’s shares during Q1 2023. Billionaire D.E. Shaw’s D E Shaw is its largest shareholder with a $11 million stake.

3. ZTO Express (Cayman) Inc. (NYSE:ZTO)

Number Of Billionaire Investors As of Q1 2023: 10

ZTO Express (Cayman) Inc. (NYSE:ZTO) is a Chinese firm. It operates within the country and offers freight forwarding, logistics, and other services for both regular users and electronic commerce firms. ZTO Express (Cayman) Inc. (NYSE:ZTO) is based in Shanghai, China.

Insider Monkey’s first quarter of 2023 survey of 943 hedge funds revealed that 23 had held a stake in the company. ZTO Express (Cayman) Inc. (NYSE:ZTO)’s largest hedge fund investor is Kerr Neilson’s Platinum Asset Management with a $461 million investment.

2. Scorpio Tankers Inc. (NYSE:STNG)

Number Of Billionaire Investors As of Q1 2023: 11

Scorpio Tankers Inc. (NYSE:STNG) is a shipping company based in Monaco. The firm primarily transports refined oil products all over the world through its ships, and it has one of the largest tanker fleets in the world made of more than a hundred vessels.

33 of the 943 hedge funds part of Insider Monkey’s March quarter of 2023 survey had bought Scorpio Tankers Inc. (NYSE:STNG)’s shares. David Rosen’s Rubric Capital Management is the largest shareholder since it owns 2.4 million shares that are worth $135 million.

1. WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Number Of Billionaire Investors As of Q1 2023: 12

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) is an American firm headquartered in Pheonix, Arizona. It is a leasing company that provides office, storage, and other spaces to both regular and commercial customers.

As of March 2023, 59 of the 943 hedge funds profiled by Insider Monkey had invested in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC). 12 of these are led billionaires, and they own $265 million worth of shares.

Disclosure: None. You can also take a look at 10 Best Copper Stocks to Buy and 12 Cheap Dividend Stocks With High Yields.

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