Ray Dalio is Doubling Down on These 5 Stocks

2. CSX Corporation (NASDAQ:CSX)

Number of Hedge Fund Holders: 56   

Percentage Increase in Stake During Q3: 2,343%

CSX Corporation (NASDAQ:CSX) provides rail-based freight transportation services. The company has a market cap of more than $80 billion and posted over $10.5 billion in revenue last year. It recently beat market expectations on earnings for the third quarter. 

Bridgewater Associates owned 174,958 shares in CSX Corporation (NASDAQ:CSX) at the end of September 2021 worth $5.2 million, representing 0.02% of the portfolio. 

At the end of the second quarter of 2021, 56 hedge funds in the database of Insider Monkey held stakes worth $4.2 billion in CSX Corporation (NASDAQ:CSX), up from 53 in the preceding quarter worth $3.6 billion.