5 Best Medical Stocks To Invest In According to Hedge Funds

3. Eli Lilly and Company (NYSE:LLY)

Number of Q4 2023 Hedge Fund Shareholders: 102

Eli Lilly and Company (NYSE:LLY) is a healthcare behemoth that is making all the news these days due to its weight loss drug Mounjaro. The drug continued to make the news in February 2024 after it was revealed that Mounjaro might also end up helping people with severe liver diseases.

As of December 2023 end, 102 out of the 933 hedge funds profiled by Insider Monkey had bought and owned the firm’s shares. Ken Fisher’s Fisher Asset Management owned the biggest Eli Lilly and Company (NYSE:LLY) stake among these that was worth $2.6 billion.

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