5 of the Safest Stocks Billionaire Money Managers Bought Ahead of Wall Street's Historic Volatility

Group 1: Market Volatility and Investment Trends - Wall Street's prominent asset managers were acquiring shares of established businesses prior to significant market volatility [1][5] - The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite experienced historic volatility over the last seven trading sessions [2] - A 90-day pause on higher reciprocal tariffs led to record single-session point increases for major indices, while also witnessing significant single-day declines [3] Group 2: Safe Stocks Acquired by Billionaire Investors - Philip Morris International was notably purchased by Lone Pine Capital, with 1,987,716 shares acquired, benefiting from global operations and a transition to smokeless products [6][9] - Teva Pharmaceutical Industries saw a significant investment from Duquesne Family Office, with 7,569,450 shares purchased, focusing on novel drug development and improving financial flexibility [10][14] - Sirius XM Holdings was acquired by Berkshire Hathaway, with 2,308,119 shares purchased, leveraging its monopoly status and revenue diversification from subscriptions [15][18] - Elevance Health was added to Leon Cooperman's portfolio with 107,400 shares, capitalizing on strong premium pricing power and acquisitions in healthcare services [19][21] - American Tower was acquired by Viking Global Investors, with 897,340 shares purchased, known for its cellular communication towers and growing data center segment [23][26]