In this article, we will look at the 10 Best New Stocks to Buy According to Billionaires.
Overview of Q1 2025 IPO Activity
International IPO activity during the first quarter of 2025 was characterized by profound uncertainty coming from geo-political shifts and the ever-changing tariff policies around the globe. According to an April 10, 2025 report by EY Global, the global IPO market remained steady year-over-year in terms of volume but grew 20% in terms of value. The first quarter of 2025 witnessed a total of 291 IPOs with a total value of $29.3 billion. Notably, the United States was a key player as it posted the third-strongest Q1 performance with a total of 59 listings. On the other hand, the Asia-Pacific market also showed signs of recovery and the EMEA region remained steady year-over-year.
The current global macroeconomic environment has created both challenges and opportunities for the IPOs around the world. For instance, the tariff policies and the ongoing trade war have raised the expectations of inflation, casting uncertainty over the monetary policies. On the other hand, the geo-political tensions have led to increased budgetary spending around the world, thereby leading to a surge in investment in the Aerospace and Defence sector. The report by EY Global anticipates a surge in IPO activity for this segment. Moreover, the disruptive trends in artificial intelligence are allowing IPO candidates to enhance their market strategies and offerings using the technology. As per the report, AI technology has started to become an integral part of companies operating in the financial, health, and life sciences industries.
While the United States market witnessed a 51% increase in the number of IPOs when compared to 2024, however, the future looks uncertain. George Chan, EY Global IPO Leader highlighted that the growth in IPO activity during the first quarter was on the back of an optimistic market outlook at the start of the year. However, currently, many companies who had planned their IPOs in the first or second quarter of the year have delayed their public offering to later quarters or 2026. Chan advised that it is important for investors to look for companies with unshakeable fundamentals, agility, and adaptability to steer with the uncertainty of the market.
With that let’s take a look at the 10 best new stocks to buy according to billionaires.
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Our Methodology
To curate the list of 10 best new stocks to buy according to billionaires we used the Finviz stock screener and Insider Monkey’s Q4 2024 billionaire database. Using the screener we aggregated a list of companies that went public in the past 2 years. After sorting the list by market capitalization, we ranked each new stock in ascending order of the number of billionaire investors. We have also added the hedge fund sentiment around each stock. Please note that the data was recorded on April 25, 2025. Also, note that in cases where two or more stocks had an equal number of billionaire investors we used market capitalization as a tie-breaker.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Best New Stocks to Buy According to Billionaires
10. Amer Sports, Inc. (NYSE:AS)
Market Capitalization: $13.352 billion
Number of Hedge Fund Holders: 48
Number of Billionaires: 8
Total Value of Billionaire Holdings: $89,952,351
Amer Sports, Inc. (NYSE:AS) is a Finnish-based company that specializes in manufacturing sports equipment, apparel, footwear, and more. The company has international operations run through a series of iconic brands including Arc’teryx, Salomon, Wilson, Peak Performance, Atomic, Armada, ATEC, DeMarini, EvoShield, and ENVE. It operates through three key business segments including Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.
On March 13, Bank of America Securities analyst Lorraine Hutchinson maintained a Buy rating on the stock. The analyst noted that he sees promising growth prospects and a strong brand position for the company. Management has given an optimistic outlook on consumer health in the United States and China, as a result, the analyst anticipates exceptional growth from Arc’teryx, Salomon, and Wilson brands. Hutchinson, further noted that Amer Sports, Inc. (NYSE:AS) has limited exposure to US tariffs and one of the competitive edges of the company is its pricing power. Management has plans to expand its store count in the United States and China as its brands are gaining traction in the market.
During the fiscal fourth quarter of 2024, Amer Sports, Inc. (NYSE:AS) grew its revenue by 23% year-over-year to reach $1.64 billion. The growth was driven by a robust performance across the board, with all three segments posting double-digit sales growth. The company ranks as one of the best new stocks to buy according to billionaires.
9. Rubrik, Inc. (NYSE:RBRK)
Market Capitalization: $12.945 billion
Number of Hedge Fund Holders: 41
Number of Billionaires: 9
Total Value of Billionaire Holdings: $358,413,091
Rubrik, Inc. (NYSE:RBRK) is a cloud data management and security company that helps organizations manage and recover data across clouds. One of its core services is Rubrik Security Cloud, which is a platform built on the principles of Zero Trust Data Security.
On April 17, KeyBanc analyst Eric Heath maintained a Buy rating on the stock with a price target of $76. During the fourth quarter of fiscal year 2025, Rubrik, Inc. (NYSE:RBRK) announced a series of developments that have placed the company as one of the leaders in cyber security. It expanded its Rubrik Security Cloud to include comprehensive coverage from enterprise to cloud to SaaS applications. Moreover, the company also integrated Data Security Posture Management into its security cloud allowing customers to control access to various environments.
On the financial front, Rubrik, Inc. (NYSE:RBRK) grew its annual recurring revenue by 39% year-over-year to reach $1.093 billion. The annual recurring revenue for the fiscal fourth quarter alone reached a record of $90 million. The growth was driven by an increase in the number of customers with $100k subscriptions. The company ranks as one of the best new stocks to buy according to billionaires.
8. Maplebear Inc. (NASDAQ:CART)
Market Capitalization: $10.936 billion
Number of Hedge Fund Holders: 60
Number of Billionaires: 10
Total Value of Billionaire Holdings: $1,399,964,769
Maplebear Inc. (NASDAQ:CART) is a grocery technology company that operates a platform that connects consumers with grocery stores and retailers. It also provides delivery and pickup services enabling customers to order from a network of 100,000 stores in the United States and Canada. The company operates through several businesses including the Online Grocery Marketplace, Retailer Partnerships, Advertising Solutions, Instacart Health, and additional services.
On April 11, Andrew Boone from JMP Securities reiterated a Buy rating on the stock with a price target of $55. The company has been using AI to enhance its platform. On March 20, Maplebear Inc. (NASDAQ:CART) announced the launch of a new suite of AI-powered automation tools called Universal Campaigns. The tool helps advertisers create and manage high-performing campaigns on its platform. Earlier on March 18, the company announced the launch of AI-powered smart shop technology which allows customers to personalize the app and helps make informed choices.
Moreover, during the fiscal fourth quarter of 2024, Maplebear Inc. (NASDAQ:CART) grew its order and GTV by 11% and 10%, respectively. The revenue of the company grew 11% year-over-year to reach $3.3 billion. Notably, management noted investing in new growth areas such as restaurant delivery and Caper Carts, which is expected to expand its market position. It is one of the best new stocks to buy according to billionaires.
7. ServiceTitan, Inc. (NASDAQ:TTAN)
Market Capitalization: $11.356 billion
Number of Hedge Fund Holders: 43
Number of Billionaires: 10
Total Value of Billionaire Holdings: $260,350,141
ServiceTitan, Inc. (NASDAQ:TTAN) is a cloud-based software technology that provides a technology platform for contractors and businesses. Its platform helps HVAC, plumbing, electrical, and other similar businesses manage various operations through a single platform. The company’s business lines include Core, FinTech, and Pro, which include advanced features for large businesses.
On April 25, KeyBanc raised the firm’s price target on the stock from $120 to $140, while keeping an Overweight rating on the shares. The firm mentioned that they believe that the company’s pro product cross-selling opportunity remains attractive thereby justifying the increase in target price. ServiceTitan, Inc. (NASDAQ:TTAN) reported its fiscal fourth quarter results for 2025 on March 13. The company grew its revenue by 29% year-over-year to reach $209.3 million. On the other hand, the platform revenue alone grew 30% during the same time to reach $200.1 million.
Baron Discovery Fund stated about ServiceTitan, Inc. (NASDAQ:TTAN) in its Q4 2024 investor letter. The fund believes that the company has a total addressable market of $1.5 trillion out of which $13 billion is serviceable today. On top of this, the company also has the first movers advantage. Here’s what the fund said about the company.
“ServiceTitan, Inc. (NASDAQ:TTAN) is the leading business management software platform for “the trades” (i.e HVAC, plumbing, electrical, pest control, roofing, etc.). The platform serves as a system of record offering clients nearly everything they need to run their businesses including customer relationship management (sales enablement, marketing automation, and customer service), field service management (scheduling/dispatching), enterprise resource planning (inventory), human capital management (compensation and payroll) and fintech (payments and consumer financing).
ServiceTitan operates in a large market. In just the U.S. and Canada, the trades are roughly a $1.5 trillion annual industry and ServiceTitan’s current set of solutions serve about $650 billion of this spend. This equates to about a $30 billion addressable market for the company, of which $13 billion is serviceable today. The industry is also resilient given that over 75% of U.S. residential trades jobs are non-discretionary in nature. Relative to its competition, ServiceTitan has several notable advantages including: 1) it is by far the leading end-to-end software platform built specifically for the trades that provides a strong return on investment to clients and would be very hard to catch at this point given it is virtually a one-stop-shop for all of a trade’s business’ technology needs; 2) it has a first mover advantage that allowed the company to build up broad-based customer trust over time; and 3) the company’s scale provides a big data advantage as ServiceTitan can use its industry leading data to make continuous improvements to its product offerings and connect previously disparate processes for customers…” (Click here to read the full text)
6. Veralto Corporation (NYSE:VLTO)
Market Capitalization: $22.756 billion
Number of Hedge Fund Holders: 43
Number of Billionaires: 10
Total Value of Billionaire Holdings: $268,661,558
Veralto Corporation (NYSE:VLTO) is a technology company that operates through two main business segments namely, the Water Quality Segment and the Product Quality & Innovation Segment. The Water Quality Segment provides advanced water analytics and treatment solutions. Whereas, the Product Quality & Innovation Segment deals in solutions for marking, coding, packaging, and color management of packaged consumer goods.
Earlier this year, on February 17, Veralto Corporation (NYSE:VLTO) announced its definitive agreement to acquire AQUAFIDES, an Australian ultraviolet (UV) water treatment technology, for approximately $20 million. The deal strategically enhances the company’s Water Quality segment by expanding its UV treatment portfolio. Moreover, during the fiscal fourth quarter of 2024, the company grew its total sales by 4.4% year-over-year. This was driven by growth in both its segments.
The Water Quality segment saw a core sales growth of 4.9% driven by volume in Water Treatment Solutions and UV Treatment Systems, whereas, Product Quality & Innovation improved its core sales by 4.1%.
Looking ahead, management expects core sales to be in the low to mid-single-digit range for fiscal 2025. Being held by 10 billionaire investors, Veralto Corporation (NYSE:VLTO) is one of the best new stocks to buy according to billionaires.
5. Arm Holdings plc (NASDAQ:ARM)
Market Capitalization: $118.059 billion
Number of Hedge Fund Holders: 43
Number of Billionaires: 10
Total Value of Billionaire Holdings: $234,656,995
Arm Holdings plc (NASDAQ:ARM) is a British technology company that specializes in semiconductors and software designs including intellectual property for central processing units, graphics processing units, and neural processing units. The company does not manufacture the chips itself but rather creates and licenses the designs and IP building blocks that semiconductor companies use to manufacture the chips.
On April 22, Barclays analyst Thomas O’Malley maintained a Buy rating on the stock with a price target of $125. During the fiscal third quarter of 2025, Arm Holdings plc (NASDAQ:ARM) delivered record revenues driven by the surging demand for artificial intelligence. The company achieved a total revenue of $983 million, up 19% year-over-year, surpassing guidance. In addition, the royalty revenue also reached an all-time high of $580 million. Management noted that this growth was driven by the widespread adoption of the company’s latest Armv9 architecture and the increasing deployment of Arm Compute Subsystems. Both these technologies are foundational for AI and high-performance computing applications.
Arm Holdings plc (NASDAQ:ARM) has quickly acquired a vast market share. Its technologies are at the core of AI smartphones, Automotive systems, and driver-assisting technologies. Management has raised its revenue guidance midpoint to $4 billion, reflecting a target of 24% year-over-year growth. It is one of the best new stocks to buy according to billionaires.
4. Solventum Corporation (NYSE:SOLV)
Market Capitalization: $11.683 billion
Number of Hedge Fund Holders: 41
Number of Billionaires: 12
Total Value of Billionaire Holdings: $784,436,827
Solventum Corporation (NYSE:SOLV) is an international healthcare company that develops and sells a range of products and solutions for the medical sector. The company operates through four main business segments including Medical Surgical, Dental Solutions, Health Information Systems, and Purification and Filtration. The company was spun off from 3M in 2024 and now trades as an independent company.
Solventum Corporation (NYSE:SOLV) is in the process of becoming completely independent from its spin-off. Since March, the company has exited roughly one-quarter of over 200 transition service agreements. It has also implemented new ERP systems, which are Enterprise Resource Planning systems, in six countries. Management noted that some large ERP implementations are remaining which it plans to complete in the current and next year.
Amidst this transition period, Solventum Corporation (NYSE:SOLV) still posted growth. During the fiscal fourth quarter of 2024, the company grew its sales by 2.3% to $2.1 billion. This growth was driven by a strong performance in the MedSurg segment which contributed $1.2 billion in sales. Looking ahead, management anticipates to keep growing its sales by 1% to 2%. It is one of the best new stocks to buy according to billionaires.
Diamond Hill Mid Cap Strategy stated the following regarding Solventum Corporation (NYSE:SOLV) in its Q4 2024 investor letter:
“As valuations have continued rising and the economic cycle has gotten relatively long in the tooth, we’ve thought carefully about where and how we are exposed to more cyclical stocks. As such, we initiated a number of new positions in Q4, including ICON, Informatica, Teledyne Technologies, LPL Financial Holdings, Teleflex Incorporated and Solventum Corporation (NYSE:SOLV).
Solventum, formerly 3M’s health care business, was spun out to shareholders in 2024. It provides a portfolio of solutions to address critical patient needs. The company has been challenged by years of underinvestment and market-share losses. However, the new management team is focused on driving revenue growth in line with peers’ — which we think is likelier as a standalone company. We also expect Solventum to optimize research and development to improve its sales mix and include new products.”
3. SharkNinja, Inc. (NYSE:SN)
Market Capitalization: $11.127 billion
Number of Hedge Fund Holders: 63
Number of Billionaires: 13
Total Value of Billionaire Holdings: $202,286,932
SharkNinja, Inc. (NYSE:SN) is an international product design and technology company that specializes in lifestyle solutions for consumers. It is known for its aggressive innovative strategy that disrupts new product categories with innovative designs. The company operates through two major brands namely, Shark and Ninja, and has more than 31 household subcategories.
On April 11, Alexander Perry from Bank of America Securities maintained a Buy rating on the stock with a price rating of $120. The analyst noted that SharkNinja, Inc.’s (NYSE:SN) point of sale data shows significant year-over-year growth, with no signs of slowing down. On top of this, the company can gain market share and has been outperforming market growth. Moreover, the company has mitigated the risks of tariffs on China and Southeast Asia by strategically shifting its production to other regions.
During the fiscal fourth quarter of 2024, SharkNinja, Inc. (NYSE:SN) increased its net sales by 29.7% to reach $1.79 billion. This was driven by growth across four main categories including Cleaning Appliances, Cooking and Beverage Appliances, Food Preparation Appliances, and Beauty and Home Environment Appliances. Notably, the gross profit of the company increased 34.8% year-over-year to reach $839.5 million. Looking ahead, management anticipates to grow its net sales by 10% to 20% year-over-year. It is one of the best new stocks to buy according to billionaires.
Munro Global Growth Small & Mid Cap Fund stated the following regarding SharkNinja, Inc. (NYSE:SN) in its Q4 2024 investor letter:
“SharkNinja, Inc. (NYSE:SN) contributed -34bps to Fund performance for the quarter. SharkNinja, based in Needham Heights, Massachusetts, is a leading designer and marketer of electrical household appliances.
Originally known for its vacuums and long infomercial advertising across late hours of the night, SharkNinja has transformed itself into a leading household appliance company, continuing to move laterally into new areas of the home. Their proposition is simple, create innovative, best-in-class products at price points that attract all consumer demographics. SharkNinja is the epitome of positive customer perception, one of the six qualitative characteristic traits in Munro’s investment process.
Roughly 12 months ago, fresh off its IPO, SharkNinja remained an undiscovered story, trading at less than 15x earnings. The company had forecasted its revenue to grow by 7-9% in 2024. Fast forward to today, the company is really catching the eye of consumers on a global scale, which has led to a big acceleration in revenue, likely, in our view, to be over 30% for 2024 when the company reports its result in mid-February.…” (Click here to read the full text)
2. Reddit, Inc. (NYSE:RDDT)
Market Capitalization: $20.306 billion
Number of Hedge Fund Holders: 87
Number of Billionaires: 15
Total Value of Billionaire Holdings: $2,946,216,230
Reddit, Inc. (NYSE:RDDT) is an international social platform that operates on user-driven communities. The platform allows users to join and create communities of their interest and interact with like-minded people. There are more than 100,000 active communities that attract more than 100 million daily active users.
During the fiscal fourth quarter of 2024, Reddit, Inc. (NYSE:RDDT) delivered a robust performance characterized by revenue and user growth. The revenue of the company grew 71% year-over-year to reach $427.7 million. The revenue growth was aided by the advertisement revenue which also grew 60% to reach $394.5 million. The company has been trying to make the platform more accessible internationally, to do this it launched a machine translation feature that can translate content in 8 languages. In addition, Reddit, Inc. (NYSE:RDDT) is also leveraging AI to enhance customer experience, during the quarter, the company launched a beta version of Reddit Answers which allows users to summarize the discussions using AI. On April 17, Truist Financial analyst Youssef Squali maintained a Buy rating on the stock. It is one of the best new stocks to buy according to billionaires.
Munro Global Growth Small & Mid Cap Fund stated the following regarding Reddit, Inc. (NYSE:RDDT) in its Q4 2024 investor letter:
“Key contributors to performance over the quarter were Reddit and AppLovin (see stock story on page 5). Reddit, Inc. (NYSE:RDDT) delivered a strong set of results, demonstrating impressive revenue growth and expanding operating margins. As the world grapples with misinformation and AI-generated content, we continue to view Reddit’s position as a unique platform hosting the largest volume of human conversations globally becoming increasingly valuable.”
1. GE Vernova Inc. (NYSE:GEV)
Market Capitalization: $98.39 billion
Number of Hedge Fund Holders: 111
Number of Billionaires: 20
Total Value of Billionaire Holdings: $2,978,174,541
GE Vernova Inc. (NYSE:GEV) is a global energy technology company that specializes in developing technologies that support the creation of sustainable electric power. The company operates through three main business segments including Power, Wind, and Electrification. The company came into being after being spun off from General Electric in April 2024.
On April 24, William Blair analyst Jed Dorsheimer reiterated his Buy rating on the stock. The analyst rating is backed by the strong market position and growth potential of the company. It exceeded market expectations in fiscal Q1 2025 and has reaffirmed its guidance for the next year. This is particularly notable due to the tariff impact. Moreover, Dorsheimer noted that while the demand for power and electrification remains robust, the company has already sold out its gas turbine slots through 2028, whereas, the orders are extending to 2030. This gives the company a significant growth runway.
GE Vernova Inc. (NYSE:GEV) released its Q1 2025 results on April 23. It grew its orders by 8% year-over-year to reach $10.2 billion. This growth was driven by the Power segment, with Power-related orders growing 28% organically. The company has a strong backlog of $4.4 billion, with 29 gigawatts of Gas Power equipment in the backlog. It is the best new stock to buy according to billionaires.
Artisan Global Opportunities Fund stated the following regarding GE Vernova Inc. (NYSE:GEV) in its Q4 2024 investor letter:
“Notable adds in the quarter included GE Vernova Inc. (NYSE:GEV) and Oracle. GE Vernova is the power, wind and electrification spinoff from the former GE conglomerate. The company benefits from large global market shares across its businesses, high barriers to entry and a substantial installed base that generates multiyear service revenue streams. Now that the company is standing on its own, we believe it is in the early innings of a turnaround story while benefiting from an attractive underlying demand environment. As the world continues to decarbonize, the resulting need for power, wind and electrification equipment is poised to drive attractive growth over the coming years. Our work on AI data center growth and electrification implications strengthened our conviction in GE Vernova in the quarter, particularly its natural gas business, which we believe will need to act as a bridge fuel as technology companies try to balance AI data center growth with decarbonization targets.”
While we acknowledge the potential of GEV to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GEV but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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