In this article, we will take a look at the top 5 billionaire stocks from 5 billionaires. To see more such companies, go directly to Top 10 Billionaire Stocks From 10 Billionaires.
5. Meta Platforms, Inc. (NASDAQ:META)
Billionaire: Steve Cohen (Worth $17.5 billion)
Meta Platforms, Inc. (NASDAQ:META) is the favorite stock pick of New York Mets owner Steve Cohen. The billionaire via his hedge fund owns a whopping $1.4 billion stake in the social media company.
Meta Platforms, Inc. (NASDAQ:META) shares are in the spotlight after Bloomberg reported that the company’s unit Instagram is working on a Twitter rival app. Instagram reportedly made the app, which is text-based, available to some creators a month ago and it could be launched as soon as June.
A total of 194 hedge funds tracked by Insider Monkey had stakes in Meta Platforms, Inc. (NASDAQ:META) at the end of the fourth quarter of 2023.
Baron Opportunity Fund made the following comment about Meta Platforms, Inc. (NASDAQ:META) in its Q1 2023 investor letter:
“We continued rebuilding our position of Meta Platforms, Inc. (NASDAQ:META), the world’s largest social network, this quarter. We believe Meta is competitively well positioned to utilize its leadership in mobile advertising and expand further with the generative AI shift, especially given its massive user base, substantial technological scale, and innovative culture. Core engagement has been strong at Meta, especially with the success of Instagram Reels, which is regaining share from TikTok. Across its platforms, Meta has 3.7 billion monthly active users. A U.S. TikTok ban would further materially benefit Meta. In terms of improving monetization, Meta has developed more effective ad targeting in the last few months with its Advantage+ product. Longer term, Meta has invested in generative AI for years and has among the world’s best and largest datasets and distribution. We believe generative AI can materially help Meta improve existing products (e.g., instantly generate personalized creative ads) and expand into new areas (e.g., through WhatsApp and Messenger chats). On the profitability front, Meta’s management is serious about cost discipline (laying off approximately 21,000 workers) and prioritizing a more efficient environment, led in earnest by CEO Mark Zuckerberg. Valuation remains relatively attractive, especially as we expect double-digit earnings per share growth, and additional growth options remain.”
4. Alphabet Inc. (NASDAQ:GOOG)
Billionaire: David Tepper (Worth $18.5 billion)
David Tepper of Appaloosa Management owns Carolina Panthers of the National Football League and Charlotte FC in Major League Soccer. His net worth stands at over $18 billion, according to Forbes. Appaloosa’s biggest stock holding as of the end of the third quarter is Alphabet Inc. (NASDAQ:GOOG). The hedge fund upped its stake in Alphabet Inc. (NASDAQ:GOOG) by 5% in the first quarter, ending the period with a stake worth $219 million.
Some good news finally came for Alphabet Inc. (NASDAQ:GOOG) after The Wall Street Journal reported that Samsung has suspended discussions regarding a possible switch from Google search to Bing in its devices. Such a shift would have been devastating for Alphabet Inc. (NASDAQ:GOOG) since billions of people using Android devices made by Samsung initiate their web searches using Google.
Baron Opportunity Fund made the following comment about Alphabet Inc. (NASDAQ:GOOG) in its Q1 2023 investor letter:
“As we did last quarter, we continued to decrease our weighting in Alphabet Inc. (NASDAQ:GOOG) because, as stated earlier, we believe ChatGPT and/or similar AI-based services present a hard-to-measure risk to Google’s virtual search monopoly.”
3. The Procter & Gamble Company (NYSE:PG)
Billionaire: Ray Dalio (Worth $19.1 billion)
Ray Dalio founded his hedge fund Bridgewater Associates in 1975. Today, it’s one of the top hedge funds in the world, with over $16 billion in managed securities as of March 2023.
Billionaire Ray Dalio is extremely vocal about the latest market developments and his posts on LinkedIn are read by a huge audience.
Bridgewater’s top stock holding is The Procter & Gamble Company (NYSE:PG), in which the fund owns a $735 million stake.
2. Novo Nordisk A/S (NYSE:NVO)
Billionaire: Jim Simons (Worth $28.1 billion)
Novo Nordisk A/S (NYSE:NVO) is the top holding of Renaissance Technologies, the hedge fund founded by quant genius Jim Simons. Simons’ hedge fund owns a $1.7 billion stake in Novo Nordisk A/S (NYSE:NVO).
Overall, 41 hedge funds tracked by Insider Monkey had stakes in the Novo Nordisk A/S (NYSE:NVO). The total value of these stakes at the end of March was $3.8 billion.
1. Apple Inc. (NASDAQ:AAPL)
Billionaire: Warren Buffett (Worth $116 billion)
Warren Buffett of Berkshire Hathaway is perhaps the most looked up to billionaires in the world of finance since his ever-green investing principles and consist outperformance has earned him a reputation that is unmatched in the history of financial markets. Warren Buffett’s favorite stock as of the end of the first quarter of 2023 is Apple Inc. (NASDAQ:AAPL), in which Berkshire has a whopping $151 billion stake.
Alger Spectra Fund made the following comment about Apple Inc. (NASDAQ:AAPL) in its Q1 2023 investor letter:
“Apple Inc. (NASDAQ:AAPL) is a leading technology provider in telecommunications, computing, and services. Apple’s iOS operating system is the company’s unique intellectual property and competitive strength. This software drives particularly tight engagement with consumers and enterprises, which is fostering the growing purchase of high margin services like music, apps, and Apple Pay. While iPhone sales were down year-over-year (YoY). services revenues grew 7% YoY which was slightly above analyst estimates. Company earnings were also better-than-anticipated due to lower input costs, such as memory chips and cost control initiatives. Aside from production disruptions, negative sentiment had also weighed on shares as investors questioned how an economic slowdown would affect consumer demand for Apple products in 2023. However, management projected an acceleration in earnings for the fiscal first quarter, where they noted that iPhone and services growth should remain strong, along with encouraging impacts around product mix, lower input costs, and continued cost controls.”
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