5 Recession-Proof Stocks Billionaires Are Loading Up On

4. Walmart Inc. (NYSE:WMT)

Number of Billionaire Investors: 20

Walmart Inc. (NYSE:WMT) is one of the safest stocks to own during recessions and market downturns amid its dividends as well as its strong fundamentals and recession-proof business model. Perhaps that’s why hedge funds upped their bets on Walmart Inc. (NYSE:WMT) during the first quarter. Insider Monkey’s database of 943 hedge funds shows that 91 funds had stakes in the company as of the end of the first quarter, significantly up from 66 hedge funds in the previous quarter. This shows a major jump in hedge fund sentiment for the Walmart Inc. (NYSE:WMT) stock. Walmart Inc. (NYSE:WMT) shares are up about 7.97% year to date through July 13.