The 5 Most Diversified Stocks That Hedge Funds Love

Below we present the list of The 5 Most Diversified Stocks That Hedge Funds Love. For our methodology and a more comprehensive list please see The 10 Most Diversified Stocks That Hedge Funds Love.

5. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Shareholders: 72

Kicking off the second half of the list is The Procter & Gamble Company (NYSE:PG), the consumer goods giant that boasts many of the most recognizable brands found on store shelves. Olay, Gillette, Old Spice, Crest, Mr. Clean, Febreze, Tampax, and Dawn are just a small collection of the company’s brands, which span everything from grooming and baby care, to healthcare and beauty.

Procter & Gamble is a cash flow generating juggernaut, converting 93% of its earnings into FCF over the previous year and allocating boatloads of that cash towards shareholder returns in the form of buybacks and dividends. On the latter front, PG shares currently yield 2.89%. P&G grew sales by 5% during its fiscal year 2022 to $80 billion.

Hedge funds have largely been maintaining their positions in The Procter & Gamble Company (NYSE:PG) for the past several quarters following a 12% drop in ownership of PG during the first quarter of 2021. Ray Dalio’s Bridgewater Associates and Rajiv Jain’s GQG Partners both sold off some of their PG shares during Q2, but maintain positions valued at over $800 million as of June 30.