Warren Buffett and Billionaires Are Crazy About These 5 Stocks

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1. Amazon.com Inc (NASDAQ:AMZN)

Number of Billionaire Investors: 33

Amazon.com Inc (NASDAQ:AMZN) tops our list of the stocks Warren Buffett and other billionaires are bullish on since 33 billionaire-led hedge funds had stakes in the ecommerce giant Amazon.com Inc (NASDAQ:AMZN) as of the end of the third quarter.

Warren Buffett owns a $1.3 billion stake in Amazon.com Inc (NASDAQ:AMZN).

Here is what White Brook Capital has to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2023 investor letter:

“The magnificent seven, that underpin the S&P 500 performance, which includes Amazon.com, Inc. (NASDAQ:AMZN), now comprise almost 30% of the market capitalization of the S&P500. At least three of the seven stocks have heightened downside risk and suffer from already high penetration, weakening end markets, competitive risk, and lofty valuation. They have been remarkably resilient to increased interest rates and the potential for slowing growth.”

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the Warren Buffett’s 10 Stock Picks with Huge Upside Potential and the Greedy When Others are Fearful’: Warren Buffett’s New Stock Picks Since 2022 Market Peak.

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