In this piece, we will take a look at five Warren Buffett stocks other billionaires are loading up on. For more Warren Buffett stocks, head on over to 10 Warren Buffett Stocks Other Billionaires Are Loading Up On.
5. The Kroger Co. (NYSE:KR)
Number of Billionaire Investors in Q1 2023: 10
The Kroger Co. (NYSE:KR) is a grocery company operating out of Cincinnati, Ohio. The firm was set up in 1883 and it operates a variety of establishments such as food stores, drug stores, department stores, warehouses, and fuel centers.
Insider Monkey took a look at 943 hedge funds for their first quarter of 2023 investments and found out that 43 had owned The Kroger Co. (NYSE:KR)’s shares. Warren Buffett’s Berkshire Hathaway owns a $2.5 billion stake in the company that comes via fifty million shares.
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Follow Kroger Co (NYSE:KR)
4. Occidental Petroleum Corporation (NYSE:OXY)
Number of Billionaire Investors in Q1 2023: 10
Occidental Petroleum Corporation (NYSE:OXY) is an energy company based in Houston, Texas. The firm was set up in 1920 and it has operations all over the world in regions such as Africa, Asia, and the U.S. It extracts petroleum products and also transports them through its midstream network.
81 of the 943 hedge funds profiled by Insider Monkey had bought a stake in the firm as of March 2023. Apart from Mr. Buffett, a large Occidental Petroleum Corporation (NYSE:OXY) investor is Prem Watsa’s Fairfax Financial Holdings with a $189 million stake.
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Follow Occidental Petroleum Corp (NYSE:OXY)
3. The Coca-Cola Company (NYSE:KO)
Number of Billionaire Investors in Q1 2023: 10
The Coca-Cola Company (NYSE:KO) is one of the largest beverage companies in the world and also one of the oldest Warren Buffett investments. The famed investor is known for saying that he will never sell the firm’s shares. The Coca-Cola Company (NYSE:KO) is based in Atlanta, Georgia and it was set up in 1886.
After digging through 943 hedge funds for their first quarter of 2023 investments, Insider Monkey discovered that 61 had invested in The Coca-Cola Company (NYSE:KO). Mr. Buffett owns 400 million shares of the company which are worth $24 billion.
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Follow Coca Cola Co (NYSE:KO)
2. Chevron Corporation (NYSE:CVX)
Number of Billionaire Investors in Q1 2023: 11
Chevron Corporation (NYSE:CVX) is one of the largest oil and gas companies in the world. It operates from the oil field to the pump, by extracting oil, processing it, transporting it, and finally selling it.
By the end of Q1 2023, 64 of the 943 hedge funds profiled by Insider Monkey had bought a stake in Chevron Corporation (NYSE:CVX). A major hedge fund investor is Ken Fisher’s Fisher Asset Management with a $1.1 billion stake.
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1. Apple Inc. (NASDAQ:AAPL)
Number of Billionaire Investors in Q1 2023: 11
Apple Inc. (NASDAQ:AAPL) is the largest technology company in the world. It is also Warren Buffett’s biggest investment, with the Oracle owning a massive $150 billion stake in the firm.
Along with Berkshire, 131 of the 943 funds part of Insider Monkey’s March quarter of 2023 database had owned the firm’s shares. Another large investor is Ken Fisher’s Fisher Asset Management with a $8.6 billion stake.
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Follow Apple Inc. (NASDAQ:AAPL)
Disclosure: None. You can also take a look at 11 Stocks with Heavy Insider Buying and 12 Cheap Dividend Stocks With High Yields.
