3 Biggest Pharmaceutical Companies in the World

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1. Pfizer (NYSE:PFE)

Topping the list of the 10 biggest pharmaceutical companies in the world in 2020 is Pfizer, an American company, which has amazing revenues of $51 billion, and net income nearing $16 billion. It provides employment to over 88,000 people across the globe.
Dow Jones Industrial Average (DJIA) recently dropped this #1 pharma stock from its index and replaced it by the faster growing Amgen (AMGN). This doesn’t mean that AMGN is a better stock to invest in than Pfizer. Pfizer was in the portfolios of 66 hedge funds tracked by Insider Monkey, whereas only 51 hedge funds liked AMGN enough to buy the stock. So, hedge fund managers think PFE is a better stock to buy than AMGN. We should note that PFE isn’t among the top 10 hedge fund stocks though. Our calculations showed that top 10 most popular stocks among hedge funds returned 41.4% in 2019 and outperformed the S&P 500 ETF (SPY) by 10.1 percentage points. These stocks gained 33% in 2020 through the end of August and still beat the market by 23.2 percentage points.
The three biggest hedge fund holders of Pfizer shares are quantitative hedge funds Two Sigma Advisors, AQR, and D E Shaw.
Disclosure: None.
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