Top 5 Stock Picks of Ray Dalio

4. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 88 

Johnson & Johnson (NYSE:JNJ) markets healthcare products. Bridgewater Associates, as of the end of September, had over 2.7 million shares of the company worth $444 million in the portfolio. 

On December 15, the drug regulator in the European Union recommended that a booster shot of the Johnson & Johnson (NYSE:JNJ) COVID-19 vaccine may be given to people at least two months after the first jab who are at least 18 years or older.

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.