5 Stocks Jim Cramer and Hedge Funds Have in Common

4. Johnson & Johnson (NYSE:JNJ

Number of Hedge Fund Holders: 84

Cramer’s charitable trust owns shares of Johnson & Johnson (NYSE:JNJ). Cramer talked about the company’s recent settlement related to talc litigation and how “the existential threat to the enterprise” is now over. Cramer thinks that Johnson & Johnson (NYSE:JNJ) can “work its way back to $186” and even go potentially higher. Cramer urged his club members to buy Johnson & Johnson (NYSE:JNJ) “aggressively” at current levels. Johnson & Johnson (NYSE:JNJ) is one of Jim Cramer’s top stock picks that is popular among elite money managers.

Johnson & Johnson (NYSE:JNJ)  was a part of 84 hedge funds’ portfolios at the end of Q4 2022 that held collective positions worth $5.5 billion in the company. Of those, Bridgewater Associates was the top investor and held a stake worth $630 million.

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