In this piece, we will take a look at the five best money making stocks to buy now. For more stocks, head on over to 13 Best Money Making Stocks to Buy Now.
5. Victoria’s Secret & Co. (NYSE:VSCO)
ROE as of February 26, 2023: 172.90%
Number of Hedge Fund Holders in Q4 2022: 26
Victoria’s Secret & Co. (NYSE:VSCO) is an apparel retailer that is headquartered in Reynoldsburg, Ohio. The firm is one of the more famous companies in the world when it comes to women’s undergarments and it makes and sells a host of different products.
Victoria’s Secret & Co. (NYSE:VSCO) continued its aggressive marketing campaign in February 2023 when it teamed up with the tennis star Naomi Osaka to launch a new lineup of robes, shirts, shorts, and sleepwear. 26 of the 943 hedge funds part of Insider Monkey’s Q4 2022 survey had held a stake in the firm.
Snehal Amin’s Windacre Partnership is Victoria’s Secret & Co. (NYSE:VSCO)’s largest hedge fund investor in our database. It owns 6.4 million shares that are worth $229 million.
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Follow Victoria's Secret & Co.
4. The Western Union Company (NYSE:WU)
ROE as of February 26, 2023: 218%
Number of Hedge Fund Holders in Q4 2022: 28
The Western Union Company (NYSE:WU) is a financial services firm that provides cross border payments for both individuals and small businesses. The firm is headquartered in Denver, Colorado.
The Western Union Company (NYSE:WU) expanded its portfolio of services in February 2023, when it partnered up with a Canadian mobile top up company to allow users to make international top ups. 28 of the 943 hedge funds polled by Insider Monkey for their December quarter of 2022 investments had bought a stake in the firm.
Clif Asness’ AQR Capital Management is The Western Union Company (NYSE:WU)’s largest investor. It owns 6.5 million shares that are worth $90 million.
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Follow Western Union Co (NYSE:WU)
3. Waters Corporation (NYSE:WAT)
ROE as of February 26, 2023: 162%
Number of Hedge Fund Holders in Q4 2022: 41
Waters Corporation (NYSE:WAT) is a biotechnology company that is headquartered in Milford, Massachusetts. The firm provides products and services that allow health companies to research and develop drugs. Its products include instruments and technology systems.
Waters Corporation (NYSE:WAT) announced a big agreement in February 2023 when it revealed that it plans to buy a biopharmaceutical development firm for a whopping $1.36 billion in cash. Insider Monkey dug through 943 hedge fund holdings for last year’s fourth quarter to find out that 41 had bought the firm’s shares.
Out of these, Terry Smith’s Fundsmith LLP is Waters Corporation (NYSE:WAT)’s largest investor. It owns 3.6 million shares that are worth $1.2 billion.
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Follow Waters Corp (NYSE:WAT)
2. Marriott International, Inc. (NASDAQ:MAR)
ROE as of February 26, 2023: 237.94%
Number of Hedge Fund Holders in Q4 2022: 47
Marriott International, Inc. (NASDAQ:MAR) is a hospitality and lodging firm that is headquartered in Bethesda, Maryland. The firm has a wide variety of hotel brand names under its portfolio, such as Ritz Carlton, Sheraton, Four Points, Delta Hotels, and Gaylord Hotels.
Marriott International, Inc. (NASDAQ:MAR) shook things up significantly in its management in February 2023 as it announced new appointments for chief revenue and technology officer, chief customer officer, head of luxury, and president for greater China. Insider Monkey took a look at 943 hedge funds for their December quarter of 2022 investments to find out that 47 had bought the firm’s shares.
Marriott International, Inc. (NASDAQ:MAR)’s largest investor in our database is Boykin Curry’s Eagle Capital Management which owns 4.6 million shares that are worth $695 million
1. Apple Inc. (NASDAQ:AAPL)
ROE as of February 26, 2023: 163.45%
Number of Hedge Fund Holders in Q4 2022: 135
Apple Inc. (NASDAQ:AAPL) is the world’s largest consumer technology firm. It sells both hardware and software, with products such as smartphones, tablets, smartwatches, and financial and entertainment services.
Despite being one of the world’s largest companies in terms of revenue, Apple Inc. (NASDAQ:AAPL) still has a massive return on equity of 163.45%, bearing a testament to the strength of its business operations. This implies that for every dollar that it takes in investment, Apple ends up earning more than $163. By the end of 2022’s December quarter, 135 of the 943 hedge funds part of Insider Monkey’s survey had held a stake in the firm.
Apple Inc. (NASDAQ:AAPL)’s largest investor is Warren Buffett’s Berkshire Hathaway which owns 895 million shares that are worth $116 billion.
Follow Apple Inc. (NASDAQ:AAPL)
Follow Apple Inc. (NASDAQ:AAPL)
Disclosure: None. You can also take a look at 10 Hot Healthcare Stocks To Buy Now and 16 Biggest Paint Companies in the World.
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