5 Recession-Proof Stocks Billionaires Are Loading Up On

In this article, we will take a look at the 5 recession-proof stocks billionaires are loading up on. To see more such companies, go directly to 10 Recession-Proof Stocks Billionaires Are Loading Up On.

5. Mastercard Incorporated (NYSE:MA)

Number of Billionaire Investors: 20

Payments giant Mastercard Incorporated (NYSE:MA) is yet another stock that pays dividends as well as presents opportunities for stock price appreciation. Last month Mastercard Incorporated (NYSE:MA) declared a quarterly dividend of $0.57 per share, unchanged from the previous dividend. The dividend is payable on August 9 for shareholders of record as of July 7.

Insider Monkey’s database of billionaires shows 20 elite billionaire hedge fund managers were piled into Mastercard Incorporated (NYSE:MA) as of the end of the March quarter. Warren Buffett, Andreas Halvorsen and DE Shaw were among Mastercard Incorporated (NYSE:MA)’s top shareholders.

Akre Focus Fund made the following comment about Mastercard Incorporated (NYSE:MA) in its second quarter 2023 investor letter:

“The Fund owns many businesses that stand to benefit enormously from A.I. Mastercard Incorporated (NYSE:MA) and Visa have long used artificial intelligence to gather and utilize insights from their massive troves of data to improve the safety and security of their networks. The top five positive contributors to performance during the quarter were Moody’s, Mastercard, CoStar, Constellation Software, and Adobe.”