8 Dow Stocks That Billionaires Love

The "smart money" understands the value of scale, stability and dividends. That's why it should be no surprise that several Dow stocks are popular among the billionaire set.

TCI Fund Management founder Chris Hohn
(Image credit: Getty Images)

Income investors who like the security provided by blue-chip stocks can look to the Dow Jones Industrial Average for ideas.

Indeed, among the 30 Dow stocks, only three – newcomer Salesforce.com (CRM), Disney (DIS) and Boeing (BA) – don't pay a dividend.

Massive market value, battleship balance sheets and income you can count on aren't just appealing to retail investors and retirees. Billionaires are big fans of those attributes, too.

To get a sense of how billionaire dividend investors view the bluest of blue chips, we sussed out Dow dividend stocks that fall among the big money's top stock picks. In every case, these stocks have the imprimatur of a billionaire, billionaire hedge fund or billionaire advisory practice. Most of these names saw a billionaire either initiate a stake recently or add to an extant position.

Have a look at the eight Dow stocks that billionaires love.


Stock prices and market values are as of Oct. 5. Holdings data is courtesy of S&P Global Market Intelligence, YCharts, WhaleWisdom.com and regulatory filings made with the Securities and Exchange Commission for the reporting period ended June 30, 2020. Stocks are ranked in reverse order of their weight in the selected billionaire's equity portfolio.

Dan Burrows
Senior Investing Writer, Kiplinger.com

Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.

A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.

Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.

In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics, demographics, real estate, cost of living indexes and more.

Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.

Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts.