5 Nuclear Energy Stocks Billionaires Are Loading Up On

3. Cameco Corporation (NYSE:CCJ)

Number of Hedge Fund Holders: 49

Number of Billionaire Investors: 13

Cameco Corporation (NYSE:CCJ) is a Canadian mining company. It is one of the biggest uranium producers in the world accounting for almost 17% of the global production. The company has operations in North America and Kazakhstan. One of Cameco Corporation’s (NYSE:CCJ) operating areas is the McArthur River Uranium Mine which is the world’s largest high-grade uranium deposit.

In the first quarter of 2023, billionaire Steve Cohen’s Point 72 Asset Management increased its holdings in Cameco Corporation (NYSE:CCJ) by 193% to 1.3 million shares worth $34.517 million. D E Shaw also increased its stake in the company by 1293% to 1.18 million shares worth $31.011 million.

Cameco Corporation’s (NYSE:CCJ) most prominent hedge fund holder in Q1 2023 was Rubric Capital Management which increased its holdings in the company by 1777% to 4.69 million shares worth $122.76 million.