5 Best Defensive Stocks to Buy Now

4. Translate Bio, Inc. (NASDAQ: TBIO)

Number of Hedge Fund Holders: 20

The biotechnology company Translate Bio, Inc. (NASDAQ: TBIO) is a member of Seth Klarman’s portfolio since the second quarter of 2018. At the end of the first quarter, Translate Bio represented 2.31% of the Baupost Group’s 13F stock portfolio. With a beta of 0.90, it looks like a good stock for defensive investors who don’t want to take a risk.

The number of long hedge fund bets remained flat in recent months. Translate Bio was in 20 hedge funds’ portfolios at the end of March.