5 Healthcare Stocks Billionaires Like the Most

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In this article, we will take a look at the 5 healthcare stocks billionaires like the most. To read our analysis of the recent market trends and activity, you can go to the 12 Healthcare Stocks Billionaires Like the Most.

5. Johnson & Johnson (NYSE:JNJ)

Number of Billionaire Holders: 20

Johnson & Johnson (NYSE:JNJ) is one of the largest healthcare companies in the world with a history dating back to more than 135 years. It focuses on the research and development, manufacture, and sale of a broad range of products in the healthcare field across pharmaceuticals, and medical devices.

Johnson & Johnson (NYSE:JNJ) completed the spinoff of its Consumer Health division during the third quarter through an initial public offering of the division as Kenvue Inc. (NYSE:KVUE). The company generated cash proceeds of $13.2 billion through a debt offering and IPO of Kenvue. It retained 9.5% stake in Kenvue.

As of Q3 2023, 84 hedge funds owned shares of Johnson & Johnson (NYSE:JNJ), valued at $4.1 billion. Notable investors included Fisher Asset Management, Bridgewater Associates, and D E Shaw, among others.

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