In this piece, we will take a look at a billion dollar fund’s bets on U.S. stocks and the top five stocks. If you want to find out who the mysterious investor is, then take a look at Little Known $4 Billion Hedge Fund’s Leveraged Bets on US Stocks.
5. Meta Platforms, Inc. (NASDAQ:META)
Eisler Capital’s Q3 2023 Investment: $108.3 million
Meta Platforms, Inc. (NASDAQ:META) is one of the largest social media and connectivity companies in the world. Its shares fell in late November, in a reaction to what some believe was its founder and CEO Mark Zuckerberg selling more than half a million shares.
By the end of Q3 2023, 234 out of the 910 hedge funds surveyed by Insider Monkey were Meta Platforms, Inc. (NASDAQ:META)’s investors. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital owned the largest stake among these which was worth $3.4 billion.
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4. Microsoft Corporation (NASDAQ:MSFT)
Eisler Capital’s Q3 2023 Investment: $162 million
Microsoft Corporation (NASDAQ:MSFT) follows Google, Meta, and Amazon as yet another mega cap tech stock on our list. Its heft hasn’t stopped analysts from being optimistic, as they have rated the shares as Strong Buy on average and set an average share price target of $404.22.
For their third quarter of 2023 investments, 306 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in the company. Microsoft Corporation (NASDAQ:MSFT)’s biggest investor is Michael Larson’s Bill & Melinda Gates Foundation Trust due to its $12.4 billion investment.
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3. NVIDIA Corporation (NASDAQ:NVDA)
Eisler Capital’s Q3 2023 Investment: $163.8 million
NVIDIA Corporation (NASDAQ:NVDA) is a GPU designer and seller. After having spearheaded the A.I. gold rush through its GPUs, these days all eyes are on NVIDIA’s ability to deliver A.I. products in volume and without supply glitches.
During this year’s September quarter, 180 out of the 910 hedge funds polled by Insider Monkey had invested in NVIDIA Corporation (NASDAQ:NVDA). Rajiv Jain’s GQG Partners was the largest shareholder through its $6.1 billion stake.
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2. Apple Inc. (NASDAQ:AAPL)
Eisler Capital’s Q3 2023 Investment: $168.6 million
Apple Inc. (NASDAQ:AAPL) is the biggest technology company in the world. After its troubled partnership with Goldman Sachs came to the center of media attention once again last month, fresh reports suggest that Apple Inc. (NASDAQ:AAPL) might partner with Chase Bank next for the Apple Card.
Insider Monkey scoured through 910 hedge fund portfolios for their third quarter of 2023 shareholdings to find that 134 had bought and owned the firm’s shares. Warren Buffett’s Berkshire Hathaway is Apple Inc. (NASDAQ:AAPL)’s biggest investor as it owns $156 billion worth of shares.
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1. Wells Fargo & Company (NYSE:WFC)
Eisler Capital’s Q3 2023 Investment: $561 million
Wells Fargo & Company (NYSE:WFC) is a major American bank. Troubles and the bank seem to go hand in hand as these days its former CEO Tim Sloan is suing Wells Fargo & Company (NYSE:WFC) for $34 million in withheld stock awards and bonus payments.
77 out of the 910 hedge funds profiled by Insider Monkey during Q3 2023 had invested in Wells Fargo & Company (NYSE:WFC). Natixis Global Asset Management’s Harris Associates owned the largest stake which was worth $976 million.
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Disclosure: None. You can also take a look at 10 Best Blockchain and Bitcoin ETFs and Bill Gates’ 10 Stock Picks with Huge Upside Potential.