5 Best Stocks to Buy in Falling Markets According to Hedge Funds

4. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 67

Costco Wholesale Corporation (NASDAQ:COST) provides membership warehouse services in roughly 13 countries. It also has private-label products in different categories. Costco Wholesale Corporation (NASDAQ:COST) was founded in 1976 and is headquartered in Issaquah, Washington.

As of June 30, 2023, the Insider Monkey database ranks Costco Wholesale Corporation (NASDAQ:COST) on the 4th spot in terms of best stocks to buy in falling markets. The firm had 67 hedge fund investors out of 910 profiled. The largest shareholder was Citadel Investment Group which owned 1.3 million shares of Costco Wholesale Corporation (NASDAQ:COST) that valued at $689.9 million. The stock has gained roughly 20% year-over-year as of Oct. 1.