In this article, we discuss the top 5 stock picks of Ray Dalio. If you want to read our detailed analysis of these stocks, go directly to the Top 10 Stock Picks of Ray Dalio.
5. The Coca-Cola Company (NYSE:KO)
Number of Hedge Fund Holders: 61
The Coca-Cola Company (NYSE:KO) makes and sells non-alcoholic beverages. The hedge fund of Ray Dalio entered the fourth quarter of 2021 with more than 8.3 million shares of the company in the portfolio worth more than $439 million.
On December 13, investment advisory JPMorgan upgraded The Coca-Cola Company (NYSE:KO) stock to Overweight from Neutral and raised the price target to $63 from $59. Analyst Andrea Teixeira issued the ratings update.
Among the hedge funds being tracked by Insider Monkey, Nebraska-based firm Berkshire Hathaway is a leading shareholder in The Coca-Cola Company (NYSE:KO) with 400 million shares worth more than $20 billion.
4. Johnson & Johnson (NYSE:JNJ)
Number of Hedge Fund Holders: 88
Johnson & Johnson (NYSE:JNJ) markets healthcare products. Bridgewater Associates, as of the end of September, had over 2.7 million shares of the company worth $444 million in the portfolio.
On December 15, the drug regulator in the European Union recommended that a booster shot of the Johnson & Johnson (NYSE:JNJ) COVID-19 vaccine may be given to people at least two months after the first jab who are at least 18 years or older.
At the end of the third quarter of 2021, 88 hedge funds in the database of Insider Monkey held stakes worth $6.8 billion in Johnson & Johnson (NYSE:JNJ), the same as in the previous quarter worth $7 billion.
3. Alibaba Group Holding Limited (NYSE:BABA)
Number of Hedge Fund Holders: 115
Alibaba Group Holding Limited (NYSE:BABA) is a diversified technology company. In the filings for the third quarter, the fund detailed that it owned 3.2 million shares of the company worth $487 million, representing 2.66% of the portfolio.
Truist analyst Youssef Squali has a Buy rating on Alibaba Group Holding Limited (NYSE:BABA) stock with a price target of $200. In a recent investor note, the analyst lauded the “thorough job” the company did in outlining future growth catalysts at an investor conference.
Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Alibaba Group Holding Limited (NYSE:BABA) with 14 million shares worth more than $2 billion.
In its Q1 2021 investor letter, Polen Capital Management, an asset management firm, highlighted a few stocks and Alibaba Group Holding Limited (NYSE:BABA) was one of them. Here is what the fund said:
“Alibaba also detracted from performance as the company continues to remain under regulatory scrutiny from both the Chinese State Administration for Market Regulation on antitrust concerns and the U.S. Securities and Exchange Commission on ADR listing requirements. Despite the regulatory overhang, we believe that Alibaba’s competitive positioning and growth outlook remains intact, even if the company must pay fines or modify some business practices. We viewed the current valuation at <20x next twelve month’s earnings as a compelling opportunity to add to our position. Alibaba is the second largest position in the Portfolio.”
2. The Procter & Gamble Company (NYSE:PG)
Number of Hedge Fund Holders: 69
The Procter & Gamble Company (NYSE:PG) makes and sells consumer packaged goods. Latest filings show that Bridgewater Associates is long on more than 4.6 million shares in the firm worth $655 million, representing 3.58% of the portfolio.
The Procter & Gamble Company (NYSE:PG) has been paying a regular and healthy dividend for more than three decades. In late October, it declared a quarterly dividend of $0.8698 per share, in line with previous.
Among the hedge funds being tracked by Insider Monkey, London-based investment firm Cedar Rock Capital is a leading shareholder in The Procter & Gamble Company (NYSE:PG) with 7.4 million shares worth more than $1 billion.
1. Walmart Inc. (NYSE:WMT)
Number of Hedge Fund Holders: 71
Walmart Inc. (NYSE:WMT) operates a chain of retail stores. According to the latest 13F data, the fund holds a stake in the firm worth more than $700 million, consisting of over 5 million shares.
MKM Partners analyst Bill Kirk recently upgraded Walmart Inc. (NYSE:WMT) stock to Buy from Neutral and raised the price target to $166 from $156, noting that the firm had better inventory levels compared to peers heading into the holiday season.
Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Walmart Inc. (NYSE:WMT) with 13 million shares worth more than $1.8 billion.
You can also take a peek at 10 Best Medical Stocks Under $10 and 10 Best Cash App Stocks to Invest In.
