Dow 30 Stocks List: 15 Stocks Ranked By 2022 Hedge Fund Bullishness Index

14. Goldman Sachs Group, Inc. (NYSE:GS)

Number of Hedge Fund Holders as of Q3, 2022: 69

Goldman Sachs Group, Inc. (NYSE:GS) is Wall Street’s top investment bank with substantial earnings power given its strong brand. Although the company is retreating from the consumer business, Goldman Sachs Group, Inc. (NYSE:GS) still has a leading trading and investment banking unit that could continue to generate substantial profits for the years to come.

Recently, Reuters reported that Goldman Sachs Group, Inc. (NYSE:GS) is planning to cut thousands of jobs to lower its costs as the company tries to navigate the challenging economic environment. Since Goldman Sachs Group, Inc. (NYSE:GS) shares have declined 9.92% year to date, it currently trades for a forward P/E ratio of 9.22, which is pretty attractive in the long term, given the bank’s competitive advantages.

According to Insider Monkey’s Q3 data, 69 hedge funds held bullish positions in The Goldman Sachs Group, Inc. (NYSE:GS), with combined stakes worth $4.5 billion. Edgar Wachenheim’s Greenhaven Associates is one of the largest stakeholders of the company, with 2.20 million shares valued at $647.3 million.