Ray Dalio Stock Portfolio: Top 5 Stock Picks

2. Johnson & Johnson (NYSE:JNJ)

Bridgewater Associates’ Q4 2022 Stake: $630 million

Number of Hedge Fund Holders in Q3 2022: 85

Johnson & Johnson (NYSE:JNJ) is an American diversified healthcare company that sells medicines, vaccines, healthcare products, and medical devices.

Johnson & Johnson (NYSE:JNJ)’s baby powder scandal that saw the product contaminated with asbestos took a new turn in February 2023 when lawsuits filed against it in New Jersey got a new judge. Mr. Dalio’s investment firm owned 3.5 million Johnson & Johnson (NYSE:JNJ) shares in December 2022 for a $630 million stake.

85 of the 920 hedge funds polled by Insider Monkey had bought Johnson & Johnson (NYSE:JNJ)’s shares during Q3 2022.

Johnson & Johnson (NYSE:JNJ)’s largest investor is Ken Fisher’s Fisher Asset Management which owns six million shares that are worth $1 billion.

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