In this article, we discuss the 5 recent additions to the Jim Cramer stock portfolio. If you want to read about some more Cramer stocks, go directly to Jim Cramer Stock Portfolio: 12 Recent Additions.
5. GE HealthCare Technologies Inc. (NASDAQ:GEHC)
Number of Hedge Fund Holders: 41
GE HealthCare Technologies Inc. (NASDAQ:GEHC) engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients. On December 11, during the lightning round of his show, Cramer outlined his bullish position on GE HealthCare Technologies Inc. (NASDAQ:GEHC), saying, “This stock is mispriced. I mean, when you think about what has to happen if you’re going to get one of these Alzheimer’s drugs, which you’re going to need an MRI, contrast MRI. GE Healthcare is going to be the way you’re going to be able to get it. And that’s just an unbelievable business, so I think you have to own that stock”.
At the end of the third quarter of 2023, 41 hedge funds in the database of Insider Monkey held stakes worth $555 million in GE HealthCare Technologies Inc. (NASDAQ:GEHC), compared to 44 in the preceding quarter worth $1 billion.
4. Super Micro Computer, Inc. (NASDAQ:SMCI)
Number of Hedge Fund Holders: 41
Super Micro Computer, Inc. (NASDAQ:SMCI) develops and manufactures high performance server and storage solutions based on modular and open architecture. Jim Cramer was bullish on Super Micro Computer, Inc. (NASDAQ:SMCI) during the Lightning Round of his show on December 11, saying, “Look, it’s a derivative of Nvidia, frankly… Just one more company that is involved with super computing. I like it”.
At the end of the third quarter of 2023, 41 hedge funds in the database of Insider Monkey held stakes worth $756 million in Super Micro Computer, Inc. (NASDAQ:SMCI), compared to 37 in the preceding quarter worth $733 million.
3. Cleveland-Cliffs Inc. (NYSE:CLF)
Number of Hedge Fund Holders: 41
Cleveland-Cliffs Inc. (NYSE:CLF) operates as a steel producer. During the Lightning Round of his show in early December, Cramer described Cleveland-Cliffs Inc. (NYSE:CLF) as a very well-run company and gave the stock a Buy recommendation.
At the end of the third quarter of 2023, 41 hedge funds in the database of Insider Monkey held stakes worth $741 million in Cleveland-Cliffs Inc. (NYSE:CLF), compared to 37 in the preceding quarter worth $425 million.
2. Walmart Inc. (NYSE:WMT)
Number of Hedge Fund Holders: 80
Walmart Inc. (NYSE:WMT) operates as a retail firm. Jim Cramer gave the stock a Buy recommendation during the Lightning Round of his show recently, saying, “Man, that stock goes down every day. You know why? Because it used to go up every day. I think this is a good level to start buying Walmart…But Costco is better”.
Among the hedge funds being tracked by Insider Monkey, Texas-based investment firm Fisher Asset Management is a leading shareholder in Walmart Inc. (NYSE:WMT) with 9.1 million shares worth more than $1.4 billion.
1. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 134
Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. Jim Cramer has been bullish on Apple Inc. (NASDAQ:AAPL) in recent months, agreeing with analyst predictions that the firm could be the first to hit more than $4 trillion in market capitalization.
At the end of the third quarter of 2023, 134 hedge funds in the database of Insider Monkey held stakes worth $179 billion in Apple Inc. (NASDAQ:AAPL), compared to 135 in the previous quarter worth $194 billion.
In its Q3 2023 investor letter, Baron Funds highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) was one of them. Here is what the fund said:
“After a strong start to the year, shares of Apple Inc. partially retraced their gains this quarter. Mixed second calendar quarter financial results, with iPhone, iPad, and Wearables revenue coming in just shy of consensus expectations, coupled with elevated investor concerns about the macro economy and potential weakness in consumer spending later this year, pressured shares. Despite these quarterly fluctuations in product sales, we are encouraged by several long-term trends, including: (1) revenue from higher-margin services like the App Store, iCloud, and Apple Pay, which are growing faster than the overall business, driving better revenue visibility and higher free-cash-flow (FCF) margins; (2) continued gains in global market share in smartphones, wearables, and other hardware categories; and (3) consistent returns of capital to shareholders via share repurchases and dividends. On top of these trends in the core business, Apple is thoughtfully investing in new categories like augmented reality, search, financial services, and streaming media content. We took advantage of weakness in the quarter to add to our position in Apple.”
You can also take a look at 14 Best Automation Stocks To Buy Now and 12 Most Promising Gene Editing Stocks According to Hedge Funds.
