5 Sustainable Investing Stocks Billionaires Are Loading Up On

In this piece, we will take a look at five sustainable investing stocks billionaires are loading up on. If you want to take a deeper look at sustainable investing, head on over to 10 Sustainable Investing Stocks Billionaires Are Loading Up On.

5. Meritage Homes Corporation (NYSE:MTH)

Number of Billionaire Investors in Q1 2023: 10

Meritage Homes Corporation (NYSE:MTH) is a construction company that builds different kinds of single family homes in several American states. The firm’s shares have a nice $15 upside and are rated Buy on average. Its first quarter of 2023 earnings report showed a recovery in the housing sector as more people became comfortable with high interest rates.

As of March 2023, 31 of the 943 hedge funds part of Insider Monkey’s database had bought Meritage Homes Corporation (NYSE:MTH)’s shares. Out of these, the largest shareholder is Ken Fisher’s Fisher Asset Management with a stake worth $128 million.

4. Darling Ingredients Inc. (NYSE:DAR)

Number of Billionaire Investors in Q1 2023: 11

Darling Ingredients Inc. (NYSE:DAR) is a food raw materials firm that focuses its efforts on ensuring that no portion of an animal is wasted during the slaughtering process. It makes and sells products such as gelatin products, thickeners, and peptides. The firm announced in June 2023 that it is interested in a new facility that transforms by products into diesel and aviation fuel.

After sifting through 943 hedge funds for their Q1 2023 shareholdings, Insider Monkey discovered that 29 had invested in the firm. Darling Ingredients Inc. (NYSE:DAR)’s largest investor is Ian Simm’s Impax Asset Management since it owns $240 million worth of shares.

3. Enphase Energy, Inc. (NASDAQ:ENPH)

Number of Billionaire Investors in Q1 2023: 12

Enphase Energy, Inc. (NASDAQ:ENPH) sells solar power products such as microinverters, charging solutions, and others to residential users. Taking stock of the current wave of consumer interest in solar power products, the firm announced in July 2023 that it is partnering up with a Utah based company to sell products such as batteries, microinverters, and electric vehicle chargers.

As of March 2023, 55 of the 943 hedge funds part of Insider Monkey’s database had held a stake in Enphase Energy, Inc. (NASDAQ:ENPH). Out of these, the biggest shareholder is Jim Simons’ Renaissance Technologies through a $198 million investment.

2. First Solar, Inc. (NASDAQ:FSLR)

Number of Billionaire Investors in Q1 2023: 13

First Solar, Inc. (NASDAQ:FSLR) is an international solar power company that sells products including solar modules to large scale users such as utilities, commercial, and industrial users. Its shares are rated Buy on average and have an average share price target of $224.

39 of the 943 hedge funds part of Insider Monkey’s Q1 2023 survey had invested in the company. First Solar, Inc. (NASDAQ:FSLR) largest investor is Jim Simons’ Renaissance Technologies with a $312 million stake.

1. Tesla, Inc. (NASDAQ:TSLA)

Number of Billionaire Investors in Q1 2023: 15

Topping our list is the world’s largest electric vehicle manufacturer Tesla, Inc. (NASDAQ:TSLA). The firm has been facing mixed sentiment from Wall Street in July 2023 after a spectacular stock rally earlier this year.

After digging through 943 hedge funds for this year’s March quarter, Insider Monkey discovered that 82 had held a stake in Tesla, Inc. (NASDAQ:TSLA). D. E. Shaw’s D E Shaw is the biggest shareholder through its $1.2 billion investment.

Disclosure: None. You can also take a look at 11 High Growth Utility Stocks to Buy and 15 High Growth Large Cap Stocks to Invest In.

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