5 Vegan Stocks Billionaires Are Loading Up On

3. Hormel Foods Corporation (NYSE:HRL)

Number of Billionaire Investors: 13

Dollar Value of Billionaire Holdings: $309,775,684

Number of Hedge Fund Holders: 30

Hormel Foods Corporation (NYSE:HRL) is an Austin, Minnesota-based food company that produces and markets a variety of meat and food products. Hormel Foods Corporation (NYSE:HRL) has expanded its product portfolio in recent years to include plant-based and vegetarian options. One of the company’s brands, Happy Little Plants, offers a line of plant-based protein products. These products are specifically designed to cater to consumers seeking vegan or vegetarian alternatives.

Balyasny Asset Management raised its stake in one of the best vegan stocks by 79% during Q1 2023.