In this article, we will discuss the 12 Best Multibagger Stocks to Invest In According to Billionaires.
On March 11, Tom Lee of Fundstrat joined ‘Closing Bell’ on CNBC to discuss his market outlook amid rising oil prices and sector volatility. Lee acknowledged his contrarian stance and maintained a base case that the market will eventually experience a 20% decline, or a bear market, later this year. However, he clarified that such a decline typically occurs when the market stops responding to good news. For the immediate term, he believes that the speculation has already been flushed out of software, the Mag 7, and cryptocurrency. Consequently, he bets that markets will lift through the end of March and potentially reach a level of 7,300 before a bear market shows itself later in the year.
Regarding the technology sector, Lee believes that software has already bottomed. He explains that negative risks have been priced in and multiples have contracted significantly. The IGV software ETF index has lost five multiple points and now trades at a forward P/E ratio of 16 times. Lee viewed this as a cyclical valuation for a universe of 110 stocks that mostly possess durable businesses, making it an attractive entry point. He noted, however, that if growth stocks outperform as he expects, it may not necessarily support a broadening trade across the wider economy, as the stock market and the economy do not always move in tandem.
Our Methodology
We used screeners to identify stocks that have gained at least 100% over the past 1 year and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. We then screened 12 stocks with over 20 billionaire investors from Insider Monkey’s database of billionaire holdings. These stocks are also popular among analysts and elite hedge funds.
Note: All data was sourced on March 12.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
12 Best Multibagger Stocks to Invest In According to Billionaires
12. Ciena Corporation (NYSE:CIEN)
Dollar Value of Billionaire Holdings: $2.56 million
Number of Billionaire Investors: 24
Ciena Corporation (NYSE:CIEN) is one of the best multibagger stocks to invest in according to billionaires. On March 10, Ciena announced several networking innovations designed to address the increasing bandwidth requirements of AI workloads. These developments include hyper-rail photonics, 1600ZR/ZR+ coherent pluggables, and full-spectrum transponders.
By integrating 2nm silicon technology and agentic AI-driven automation, the company aims to enhance network capacity and operational efficiency for hyperscale and service provider environments. The new hyper-rail photonic systems offer significant improvements in density and efficiency, providing up to 32 times the density of current solutions while reducing power consumption by 75% and space requirements by 85%.
Additionally, the introduction of the Vesta 200 6.4T CPX optical engine, following the acquisition of Nubis Communications, supports high-capacity connectivity. These tools are intended to help operators scale their infrastructure to manage the growing pressure within and between data centers. Ciena Corporation’s (NYSE:CIEN) latest portfolio also features 800 Gb/s coherent pluggables and photonic line systems optimized for scale-across architectures.
Ciena Corporation (NYSE:CIEN) is a network technology company that provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India.
11. Cogent Biosciences Inc. (NASDAQ:COGT)
Dollar Value of Billionaire Holdings: $0.87 million
Number of Billionaire Investors: 24
Cogent Biosciences Inc. (NASDAQ:COGT) is one of the best multibagger stocks to invest in according to billionaires. On February 17, Cogent Biosciences released the earnings report for 2025 and entered 2026 with significant regulatory momentum following three positive pivotal trials for its lead candidate, bezuclastinib. The company submitted an NDA for Non-Advanced Systemic Mastocytosis/NonAdvSM in December 2025 and is on track to submit an additional NDA for Advanced Systemic Mastocytosis/AdvSM in H1 2026.
Furthermore, Cogent has initiated a rolling NDA for second-line gastrointestinal stromal tumors/GIST under the FDA’s Real-Time Oncology Review program, with completion expected by April this year. The clinical data supporting these filings remains robust, highlighted by the PEAK trial’s results in GIST patients, which showed a median progression-free survival of 16.5 months, nearly double that of the control group. In the SUMMIT trial for NonAdvSM, patients experienced significant symptomatic relief that continued to deepen over 48 weeks.
Beyond its lead program, Cogent is advancing a diverse pipeline of selective inhibitors, including CGT1145 for JAK2-driven diseases and CGT1815 for KRAS-mutant cancers, with multiple IND applications planned for the coming year. Cogent Biosciences Inc. (NASDAQ:COGT) ended 2025 with $900.8 million in cash and marketable securities. This capital, supported by a $546.8 million public offering in late 2025, is projected to fund operations into 2028.
Cogent Biosciences Inc. (NASDAQ:COGT) is a clinical-stage biotechnology company that develops precision therapies for genetically defined diseases. Its lead product candidate includes bezuclastinib, a selective tyrosine kinase inhibitor to target mutations within the KIT receptor tyrosine kinase.
10. Arrowhead Pharmaceuticals Inc. (NASDAQ:ARWR)
Dollar Value of Billionaire Holdings: $1.39 million
Number of Billionaire Investors: 24
Arrowhead Pharmaceuticals Inc. (NASDAQ:ARWR) is one of the best multibagger stocks to invest in according to billionaires. On February 5, Arrowhead Pharmaceuticals achieved a strategic turning point in FQ1 2026, transitioning into a commercial-stage organization following the US FDA approval of its first medicine, REDEMPLO (plozasiran). This siRNA therapeutic, designed to treat familial chylomicronemia syndrome/FCS, also received regulatory clearances in China and Canada.
The US launch has shown early momentum with over 100 initial prescriptions and the establishment of a dedicated patient support program, marking a major milestone in the company’s history. The company’s research and development pipeline reached several technical landmarks, highlighted by the initiation of a Phase 1/2a trial for ARO-DIMER-PA, the industry’s first dual-function clinical candidate to target two genes in one molecule. Additionally, Arrowhead reported encouraging interim data from its obesity programs, where ARO-INHBE showed a significant weight loss advantage when combined with tirzepatide. The firm also advanced its CNS efforts by dosing the first subjects in a trial for ARO-MAPT, which uses a new delivery system capable of crossing the blood-brain barrier.
Financially, Arrowhead Pharmaceuticals Inc. (NASDAQ:ARWR) swung to a net income of $30.8 million for the quarter, a sharp contrast to the $173.1 million loss in the prior year period. This profitability was driven by a surge in revenue to $264 million, fueled by a $200 million upfront payment from a new global collaboration with Novartis and a $200 million milestone from Sarepta Therapeutics.
Arrowhead Pharmaceuticals Inc. (NASDAQ:ARWR) develops medicines for the treatment of intractable diseases in the US. Its pipeline primarily includes Plozasiran, Zodasiran, ARO-DIMER-PA, and ARO-PNPLA3.
9. Corning Incorporated (NYSE:GLW)
Dollar Value of Billionaire Holdings: $1.73 million
Number of Billionaire Investors: 24
Corning Incorporated (NYSE:GLW) is one of the best multibagger stocks to invest in according to billionaires. On March 11, Corning Incorporated announced a collaboration with US Conec to become a licensee of PRIZM TMT optical ferrule technology. This move expands Corning’s portfolio of high-density optical connectivity solutions specifically designed for next-gen AI networks. The integration of this lens-based tech aims to support the development of larger and more efficient AI clusters by enabling higher fiber counts within the increasingly confined spaces of modern data centers.
The transition from traditional short-reach copper links to optical connections is driving a surge in fiber density, with requirements reaching thousands of fibers per server and switch rack. PRIZM TMT technology addresses these demands by utilizing precision-aligned microlenses instead of direct fiber-to-fiber contact. This expanded beam approach facilitates denser and more resilient optical networks, which are essential as AI infrastructure scales with new generations of chips and larger cluster sizes.
By adopting this ferrule technology, Corning Incorporated (NYSE:GLW) intends to offer faster and more reliable installation while increasing resistance to contamination. These advancements are expected to reduce the total cost of ownership for data center operators managing demanding scale-up and scale-out AI deployments.
Corning Incorporated (NYSE:GLW) operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the US, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally.
8. Woodward Inc. (NASDAQ:WWD)
Dollar Value of Billionaire Holdings: $2.32 million
Number of Billionaire Investors: 24
Woodward Inc. (NASDAQ:WWD) is one of the best multibagger stocks to invest in according to billionaires. On March 9, Woodward agreed to acquire Jet Research Development, Inc., doing business as Valve Research & Manufacturing Company/VRM. This Florida-based manufacturer specializes in high-precision flow control valves for aerospace applications, including solenoid, check, and relief valves. The acquisition of the family-owned business includes all outstanding shares, manufacturing assets, and associated real estate, with the transaction expected to close in H1 2026.
The integration of VRM’s electromagnetic valve solutions is intended to complement Woodward’s existing aerospace controls portfolio. By adding VRM’s expertise in precision flow control, Woodward Inc. (NASDAQ:WWD) aims to enhance its engineering and manufacturing capabilities for fuel and motion control systems. The move is also designed to optimize Woodward’s supply chain in the near term to meet robust market demand for its various control solutions.
This acquisition supports long-term growth strategies within commercial and defense aerospace markets, specifically targeting increased content on next-gen aircraft programs. VRM’s approximately 130 employees will bring specialized technical knowledge to Woodward’s aerospace segment. Despite the change in ownership, VRM is expected to continue its operations without interruption, maintaining existing customer contracts and supplier relationships.
Woodward Inc. (NASDAQ:WWD) designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. It has two segments: Aerospace and Industrial.
7. Tapestry Inc. (NYSE:TPR)
Dollar Value of Billionaire Holdings: $2.05 million
Number of Billionaire Investors: 25
Tapestry Inc. (NYSE:TPR) is one of the best multibagger stocks to invest in according to billionaires. On February 5, Tapestry delivered record-breaking performance in FQ2 2026, with total revenue rising 14% to $2.5 billion. On a pro forma basis (which excludes results from the recently divested Stuart Weitzman brand), revenue grew 18%, led by a powerful 25% gain at the Coach brand. This was fueled by holiday demand and the company’s Amplify strategy, which helped acquire over 3.7 million new customers globally, a third of whom are Gen Z.
The company’s strong cash flow generation, reaching $1.04 billion in adjusted free cash flow for the quarter, has allowed the company to increase its planned return to shareholders. Tapestry Inc. (NYSE:TPR) now expects to return $1.5 billion in FY2026 through dividends and share repurchases, up from the previous outlook of $1.3 billion. This includes a $1.2 billion share buyback program, an increase of $200 million over prior guidance.
Looking ahead, Tapestry has raised its full-year FY2026 outlook across all key metrics. The company now expects annual revenue to exceed $7.75 billion and diluted EPS to reach between $6.40 and $6.45, representing growth of over 25% compared to the prior year. This updated guidance reflects management’s confidence in the Coach brand’s momentum and the company’s ability to maintain high margins despite global trade and inflationary pressures.
Tapestry Inc. (NYSE:TPR) provides accessories and lifestyle brand products in North America, Greater China, the rest of Asia, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman.
6. Barrick Mining Corporation (NYSE:B)
Dollar Value of Billionaire Holdings: $4.42 million
Number of Billionaire Investors: 27
Barrick Mining Corporation (NYSE:B) is one of the best multibagger stocks to invest in according to billionaires. On February 24, Barrick Mining Corporation announced the appointment of James J. McGuire as Chief Legal and Policy Officer and Woo Lee as Chief Global Affairs Officer. Both executives will report directly to President and CEO Mark Hill and will serve as members of the Executive Committee. In conjunction with these moves, Poupak Bahamin has been named General Counsel and Chief Compliance Officer, while maintaining her seat on the Executive Committee.
James J. McGuire joins the company with over 30 years of legal experience, having previously served as a Litigation Partner and Managing Partner at Greenspoon Marder LLP. His background includes roles as a federal criminal prosecutor and a law clerk, with an academic pedigree from Harvard Law School, Yale University, and the University of Oxford as a Rhodes Scholar. In his new role, he will oversee Barrick’s legal, compliance, regulatory, and public policy functions.
Woo Lee, a veteran of Barrick Mining Corporation (NYSE:B) for over 11 years, has been promoted from his previous position as Senior Vice President and Head of Government & Corporate Affairs for Asia Pacific. Before his tenure at Barrick, Lee spent three decades as a U.S. diplomat in the State Department with senior postings across the APAC region. As Chief Global Affairs Officer, he will manage the company’s global government affairs strategy and sovereign relationships.
Barrick Mining Corporation (NYSE:B) explores, develops, produces, and sells mineral properties. It explores for gold, copper, silver, and energy materials.
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