5 Best Retail Stocks To Buy Now

04. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 64

Total Value of Hedge Fund Holdings:  $4,765 Million

Costco Wholesale Corporation (NYSE: COST) is the world’s third largest retailer offering low prices and bulk discounts through its members-only warehouses.

By the end of the second quarter of 2022, 64 hedge funds out of the 895 tracked by Insider Monkey held stakes in Costco Wholesale Corporation (NYSE: COST), worth roughly $4,765 million. This is compared to the previous quarter’s 61 hedge fund holders with a total stake value of roughly $5,418 million.

ClearBridge Investments Sustainability Leaders Strategy, in its Q4 2021 investor letter, mentioned Costco Wholesale Corporation (NASDAQ:COST) and discussed its stance on the firm. Here is what the Fund said:

“Portfolio gains were led by a diverse group of contributors. Also in consumer discretionary, Costco, which operates a chain of membership-only big-box retail stores, continues to impress as it takes to share and becomes more relevant for the consumer even as the world opens up.”