5 Best Consumer Staples Stocks To Buy Now

4. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Investors In Q2 2023: 67

Costco Wholesale Corporation (NASDAQ:COST) is a discount retailer that sees buyers flock to its stores as incomes drop. A tight economy and high inflation seem to be working for the firm, as it shared in a recent conference call that its subscription renewals were at an all time high.

By the end of this year’s second quarter, 67 out of the 910 hedge funds tracked by Insider Monkey had bought the firm’s shares. Costco Wholesale Corporation (NASDAQ:COST)’s largest investor in our database is Ken Fisher’s Fisher Asset Management due to its $1.4 billion stake.

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