Top 5 Stock Picks of Billionaire Ray Dalio

3. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 88 

Johnson & Johnson (NYSE:JNJ) makes and sells healthcare products. It is a top value stock among hedge funds as the market becomes more volatile. At the end of the third quarter of 2021, 88 hedge funds in the database of Insider Monkey held stakes worth $6.8 billion in Johnson & Johnson (NYSE:JNJ), the same as in the previous quarter worth $7 billion.

According to the latest data, Bridgewater Associates owned more than 3 million shares of Johnson & Johnson (NYSE:JNJ) at the end of the fourth quarter of 2021 worth $529 million, representing 3.08% of the portfolio. The fund increased its stake in the firm by 13% compared to filings for the third quarter of 2021.