5 Stocks Insiders and Billionaires Are Crazy About

3. Advance Auto Parts, Inc. (NYSE:AAP)

Number of Billionaire Investors: 12

Dollar Value of Billionaire Holdings: $257,322,923

Number of Hedge Fund Holders: 38

Insiders and billionaires are crazy about Advance Auto Parts, Inc. (NYSE:AAP). At the end of Q1 2023, 12 billionaires held stakes in the company. The total value of these stakes was estimated at $257.3 million.

On June 7, Advance Auto Parts, Inc. (NYSE:AAP) disclosed that its board members Jeff Jones, Eugene I. Lee, Jr., John F. Ferraro, and Carla Bailo purchased over $731,000 worth of the company’s shares.

At the end of the first quarter of 2023, Advance Auto Parts, Inc. (NYSE:AAP) was spotted on 38 hedge funds’ portfolios that held positions worth $584.6 million in the company. As of March 31, Marshall Wace LLP is the top shareholder in the company and has disclosed a stake worth $155.6 million.

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