15 Dow Stocks Listed and Ranked By 2022 Hedge Fund Bullishness Index

12. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 72

The Procter & Gamble Company (NYSE:PG) is a consumer goods giant based in Cincinnati, Ohio. It has a 65-year streak of consistently growing its dividend, with its shares offering a 2.54% yield as of July 1.

Of the 912 hedge funds being tracked by Insider Monkey at the end of March, 72 reported having long bets on The Procter & Gamble Company (NYSE:PG) with a collective value of $6.06 billion. This shows improving investor confidence in PG over the previous quarter, when 67 hedge funds were bullish on the company’s shares.

With a $1.51 billion stake, GQG Partners was the top shareholder of The Procter & Gamble Company (NYSE:PG) in the first quarter. Other prominent shareholders included Ray Dalio’s Bridgewater Associates, which held a $1.04 billion stake, and Yacktman Asset Management with a roughly $471 million position.