Top 5 Smartest Companies To Buy According To Hedge Funds

Page 5 of 5

1. Amazon.com, Inc. (NASDAQ:AMZN)

Hedge Fund Investors as of Q3 2022: 269

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest electronic commerce retailer, and a firm that has evolved with the ages by developing a strong presence in rising industries such as cloud computing and satellite internet.

Amazon.com, Inc. (NASDAQ:AMZN) will soon start setting up its own satellite internet constellation Kuiper by using rockets developed by Jeff Bezos’ rocket company Blue Origin. 269 hedge funds out of the 920 polled by Insider Monkey owned a stake in the firm during 2022’s September quarter.

Ken Fisher’s Fisher Asset Management is Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor. It owns 49 million shares that are worth $5.6 billion.

Follow Amazon Com Inc (NASDAQ:AMZN)

Disclosure: None. You can also take a peek at 13 Cash Rich Penny Stocks That Hedge Funds Are Buying and 12 Best Holding Company Stocks To Invest In.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Follow Insider Monkey on Twitter

Page 5 of 5