In this piece, we will take a look at the five best stocks to buy in falling markets according to hedge funds. If you want to take a deeper look at the best stocks to buy in falling markets, head over to 11 Best Stocks to Buy in Falling Markets According to Hedge Funds.
5. The Coca-Cola Company (NYSE:KO)
Number of Hedge Fund Holders: 61
The Coca-Cola Company (NYSE:KO) is an Atlanta, Georgia-based beverage firm that manufactures and sells its drinkable products globally. One of the oldest beverage producers, The Coca-Cola Company (NYSE:KO) has been in the business since at least 1886.
This year’s Insider Monkey database of Q2 showed that The Coca-Cola Company (NYSE:KO) ranks 5th in the list of 11 best stocks to buy in falling markets. Out of 910 hedge funds profiled by the database, 61 held stakes in The Coca-Cola Company (NYSE:KO). Warren Buffett-led Berkshire Hathaway held 400 million shares of the company that were worth at least $24.1 billion. The stock is currently trading at $56 with an average daily volume of 12.2 million shares.
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.
3. PepsiCo, Inc. (NASDAQ:PEP)
Number of Hedge Fund Holders: 68
Ranked 3rd in our list of best stocks to buy in falling markets, PepsiCo, Inc. (NASDAQ:PEP) is one of the world’s largest and oldest branded beverage producers. Founded in 1898, the company distributes its products globally. With a diverse convenient product portfolio, PepsiCo, Inc. (NASDAQ:PEP) lies in the consumer staples sector and thus the shares are recession resilient when uncertainties hit. Some of PepsiCo, Inc. (NASDAQ:PEP) brands include Gatorade, Lay’s, Kurkure, Doritos, Pepsi-Cola, Mountain Dew, Cheetos, Quaker, Aquafina, Ruffles, Sabritas, Tostitos, 7UP, Mirinda, Pepsi Black, Toddy, SodaStream, Chipsy, Walkers, White Star, Smith’s, Sting, Lubimy Sad, Pepsi, and others.
PepsiCo, Inc. (NASDAQ:PEP) was a part of 68 hedge fund portfolios at the end of Q2 2023, as per Insider Monkey’s database. The largest shareholder was Fundsmith LLP which retained 6.6 million shares of the New York-based beverage manufacturer that were worth $1.2 billion. In the last 5 years, its shares have surged roughly 51%.
2. The Procter & Gamble Company (NYSE:PG)
Number of Hedge Fund Holders: 74
As a producer of branded consumer packaged goods, The Procter & Gamble Company (NYSE:PG) ranks second on our list of 11 best stocks to buy in falling markets. The firm offers products through five different segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Procter & Gamble Company (NYSE:PG) was founded almost 2 centuries ago and is headquartered in Cincinnati, Ohio.
At the end of the second quarter this year, 74 hedge funds had their stakes in the company. The largest stake in the company was held by Fundsmith LLP which bought about 4.8 million shares of The Procter & Gamble Company (NYSE:PG) that were worth about $735.8 million. The stock is currently trading at $146.
1.Walmart Inc. (NYSE:WMT)
Number of Hedge Fund Holders: 81
Walmart Inc. (NYSE:WMT) is an Arkansas-based retail giant that has been in the industry since 1945. Its three segments, Walmart US, Walmart International, and Sam’s Club have proven to be a tough competitor in the retail industry. Walmart Inc. (NYSE:WMT) tops the list of 11 best stocks to buy in falling markets as 81 hedge fund investors were bullish on Walmart Inc. (NYSE:WMT) in Q2 against 910 profiled this year. The largest shareholder was D E Shaw which had 5.5 million shares of Walmart Inc. (NYSE:WMT) that were worth about $862 million.
