5 Small Cap Consumer Staples Stocks Billionaires Are Loading Up On

In this piece, we will take a look at five small cap consumer staples stocks billionaires are loading up on. For more stocks, head on over to 10 Small Cap Consumer Staples Stocks Billionaires Are Loading Up On.

5. USANA Health Sciences, Inc. (NYSE:USNA)

Number of Billionaire Investors In Q1 2023: 9

USANA Health Sciences, Inc. (NYSE:USNA) is a packaged food and personal care company based in Salt Lake City, Utah. It sells products such as mineral supplements, skin care products, nutrition bars, and other supplements.

After digging through 943 hedge funds for their March quarter of 2023 investments, Insider Monkey discovered that 14 had held a stake in USANA Health Sciences, Inc. (NYSE:USNA). Out of these, the firm’s largest investor is Jim Simons’ Renaissance Technologies with a $76 million stake.

4. Stride, Inc. (NYSE:LRN)

Number of Billionaire Investors In Q1 2023: 9

Stride, Inc. (NYSE:LRN) provides curriculum and other educational products for school children in America. These allow schools to keep track of their enrollment, learning outcomes, and student needs. Its education courses cover different subjects such as English, science, and history.

Insider Monkey’s first quarter of 2023 survey of 943 hedge funds revealed that 18 had bought Stride, Inc. (NYSE:LRN)’s shares. Out of these, nine were billionaires, with a cumulative investment of $41 million.

3. Herbalife Ltd. (NYSE:HLF)

Number of Billionaire Investors In Q1 2023: 10

Herbalife Ltd. (NYSE:HLF) as the name might suggest, is a health and wellness firm. It is based in Los Angeles, California, and provides a wide variety of different health products such as protein shakes and weight loss supplements. Additionally, Herbalife Ltd. (NYSE:HLF) also sells personal care products and energy drinks.

27 of the 943 hedge funds part of Insider Monkey’s database had invested in the firm as of Q1 2023. Herbalife Ltd. (NYSE:HLF)’s largest shareholder is William Duhamel’s Route One Investment Company since it owns 10.8 million shares that are worth $174 million.

2. John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)

Number of Billionaire Investors In Q1 2023: 10

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) is a food company that focuses its efforts on selling peanuts and tree nuts. Its products include almonds, walnuts, cashews, and pistachios among others. The firm was set up in 1922 and is headquartered in Elgin, Illinois.

After scouring through 943 hedge funds for their first quarter of 2023 shareholdings, Insider Monkey discovered that 17 had held a stake in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS). Chuck Royce’s Royce & Associates is its largest shareholder with a $45 million investment.

1. Hims & Hers Health, Inc. (NYSE:HIMS)

Number of Billionaire Investors In Q1 2023: 10

Hims & Hers Health, Inc. (NYSE:HIMS) is a new age firm. It is part of the budding virtual healthcare market and connects doctors and other healthcare professionals to patients and others virtually. The company also sells prescription medicines and other related products.

24 of the 943 hedge funds profiled by Insider Monkey had invested in the firm as of March 2023. During the same time period, ten billionaires had held a stake in Hims & Hers Health, Inc. (NYSE:HIMS).

Disclosure: None. You can also take a look at 15 Stocks that will 10x in 5 Years and 12 Cheap Dividend Stocks With High Yields.

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