In this article, we discuss 13 High Growth Large Cap Stocks To Invest In.
After two years of 25%+ gains, some investors worry that stocks are overvalued. Historically, the third year of a bull market is not usually spectacular, but it is not typically negative either. A lot depends on factors like interest rates and global tensions. According to Morgan Stanley, investor sentiment has maintained a familiar pattern over the years, with pessimism in late 2022, skepticism throughout 2023 even as stocks soared, and now, growing optimism for 2025. The real turning point could be AI. If businesses embrace artificial intelligence the way they did the internet in the late ’90s, it could result in a productivity boom that keeps the market rally going. As for stocks, big tech still reigns supreme, but valuations are much lower than during the dotcom bubble, making them less risky. Still, Morgan Stanley believes a smart strategy for 2025 might be balancing tech investments with financials and industrials to stay diversified.
In 2024, large-cap growth stocks in the United States had another strong year, with the Russell Growth Index climbing 33.4%, mostly powered by a concentrated group of major tech and communication companies, commonly known as the Magnificent Seven. By December, these handful of stocks were responsible for a huge chunk of the gains. Growth stocks kept their winning streak in the fourth quarter, outpacing value stocks by 9.2%, according to a report by LSEG. Over the past decade, they have consistently beat the Russell Value index, averaging 7% higher annual returns.
Investors are on edge as trade policies shake up the market, wiping out $4 trillion from recent highs. Fears of an economic slowdown have triggered a major sell-off, with the broader market dropping 2.7%, its worst day of the year, while the Nasdaq plunged 4% on March 10. Since peaking in February, the wider market has fallen 8.6% as of March 10, inching toward correction territory. Tech stocks, which drove market gains in 2023 and 2024, are also struggling in 2025, pulling major indexes down. Hedge funds are also backing away, cutting stock exposure at the fastest rate in over two years. Optimism around pro-growth policies has receded as uncertainty blooms in the market. Even with recent losses, stock valuations remain near record highs, leaving investors bracing for more volatility ahead. With this market outlook in mind, let’s take a look at some of the top high growth large cap stocks to invest in.
A financial analyst monitoring the growth of an underlying index in the U.S. market.
Our Methodology
For this article, we used the Finviz screener to identify large-cap stocks with market capitalizations ranging from approximately $10 billion to $200 billion as of March 14. We then applied a filter to select stocks with a 5-year revenue growth exceeding 20%, verifying this data through additional sources. Using Insider Monkey’s Q4 2024 hedge fund database, we examined the hedge fund sentiment for each stock and selected 13 most popular ones. The stocks are ranked in ascending order based on the average 5-year revenue growth.
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).
13. Canadian Pacific Kansas City Limited (NYSE:CP)
Number of Hedge Fund Holders: 74
Average 5-Year Revenue Growth: 22.25%
Canadian Pacific Kansas City Limited (NYSE:CP) is an operator of transcontinental freight railways across Canada, the United States, and Mexico. The company moves grain, coal, consumer goods, and automotive products. On January 29, 2025, the company announced a quarterly dividend of $0.19 per share, set to be paid on April 28, to shareholders on record as of March 28. It is one of the best high growth stocks to watch out for.
In the fourth quarter of 2024, Canadian Pacific Kansas City Limited (NYSE:CP)’s revenue climbed 3% year-over-year to $3.9 billion, with volumes up 2%. For the full year, revenue came in at $14.5 billion, up 5% year-over-year, with a 3% volume increase, which set an industry record. CP also improved its operating ratio to 61.3, a 70 basis point gain, and its core EPS rose by 11% to $4.25. It generated $5.3 billion in operating cash flow for the year.
Among the hedge funds tracked by Insider Monkey, 74 funds reported owning stakes in Canadian Pacific Kansas City Limited (NYSE:CP) at the conclusion of Q4 2024, compared to 52 funds in the prior quarter. Chris Hohn’s TCI Fund Management was the biggest stakeholder of the company, with nearly $55 million shares worth $4 billion.
12. Palo Alto Networks, Inc. (NASDAQ:PANW)
Number of Hedge Fund Holders: 83
Average 5-Year Revenue Growth: 22.94%
Palo Alto Networks, Inc. (NASDAQ:PANW) is a California-based global cybersecurity company that provides network, security operations, and cloud solutions. On February 13, PANW just rolled out Cortex Cloud, an AI-powered upgrade to Prisma Cloud that stops cyber threats in real time. It streamlines cloud security, automates workflows, and boosts visibility to tackle the growing risks in cloud environments. It is one of the high growth stocks to invest in.
Palo Alto Networks, Inc. (NASDAQ:PANW) pulled in $2.26 billion in Q2 2025 revenue, up 14% and beating Wall Street estimates. Product and services revenue grew 8% and 16% respectively, driven by a 20% increase in subscriptions. Nearly 40% of product revenue now comes from software, with even stronger growth expected later this year. Firewall demand stayed solid and the company expects it to hold steady through 2025. Every region saw double digit growth, with record-breaking $50 million plus deals in EMEA and JPAC. The American federal market also remained stable, just as expected.
Among the hedge funds tracked by Insider Monkey, 83 funds were bullish on Palo Alto Networks, Inc. (NASDAQ:PANW) in the fourth quarter of 2024, compared to 64 funds in the preceding quarter.
11. Arista Networks Inc (NYSE:ANET)
Number of Hedge Fund Holders: 78
Average 5-Year Revenue Growth: 23.19%
Arista Networks Inc (NYSE:ANET) ranks 11th on our list of high growth stocks. The company develops and commercializes data-driven networking solutions for AI, data centers, campuses, and routing across the globe. On March 12, the company introduced new technology to make AI networks faster and more reliable. Their Cluster Load Balancing (CLB) ensures smooth data flow, while CloudVision Universal Network Observability (CV UNO) helps businesses monitor and fix AI issues in real time. Arista’s Etherlink platform also boosts performance for large AI systems. These upgrades aim to keep AI running efficiently without technical hassles, with more updates coming in 2025.
Arista Networks Inc (NYSE:ANET) made $1.93 billion in revenue in the fourth quarter, with profits of $0.65 per share after adjusting for a recent stock split. The company maintained strong profit margins, fueled by efficient production and a good balance of hardware and software sales. 84% of its revenue came from North and South America, while 16% was generated from international markets. In 2024, nearly half of Arista’s revenue came from cloud and AI companies, including its new client Oracle. The company ended the quarter with $8.3 billion in cash and repurchased some of its stock.
According to Insider Monkey’s fourth quarter database, 78 hedge funds were long Arista Networks Inc (NYSE:ANET), compared to 70 funds in the prior quarter. Arrowstreet Capital was the leading stakeholder of the company, with 5.4 million shares worth $599 million.
10. Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX)
Number of Hedge Fund Holders: 68
Average 5-Year Revenue Growth: 25.83%
Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) is a biotech company dedicated to developing treatments for cystic fibrosis and other serious diseases. On March 7, 2025, the company received approval from the UK’s Medicines and Healthcare products Regulatory Agency for ALYFTREK, a once-daily treatment for cystic fibrosis in patients aged six and older with specific genetic mutations. The company is collaborating with NICE and the NHS to ensure swift access for eligible patients. ALYFTREK was previously approved in the United States in December 2024, and Vertex is in the process of securing approvals in Europe, Canada, Switzerland, Australia, and New Zealand. It is one of the top high growth stocks to monitor.
Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) had a strong fourth quarter, bringing in $2.91 billion in revenue, a 16% jump from last year. For all of 2024, revenue exceeded $11 billion and beat Wall Street expectations. Looking ahead to 2025, the company is focused on expanding patient access to its treatments, including the newly launched CASGEVY and two recently approved US drugs – ALYFTREK for cystic fibrosis and JOURNAVX, the first non-opioid pain medication of its kind in over 20 years. Vertex ended the year with $11.2 billion in cash and investments, continuing to prioritize innovation and stock buybacks, repurchasing 2.7 million shares in 2024.
According to Insider Monkey’s fourth quarter database, 68 hedge funds were long Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX), compared to 55 funds in the last quarter.
9. ServiceNow, Inc. (NYSE:NOW)
Number of Hedge Fund Holders: 110
Average 5-Year Revenue Growth: 27.07%
ServiceNow, Inc. (NYSE:NOW) is a cloud-based software company that helps businesses automate and simplify their workflows. The company is headquartered in Santa Clara, California. On February 26, ServiceNow acquired Quality 360 from Advania to step up its game in manufacturing. Quality 360 helps manufacturers identify and fix quality issues early, thus cutting costs and reducing risks. With AI-powered insights and real-time tools, it makes production smoother and more efficient. This move is part of ServiceNow’s bigger plan to transform manufacturing and build on partnerships with companies like Siemens, Visa, and Genesys to drive innovation across industries. NOW is one of the top high growth stocks to monitor.
ServiceNow, Inc. (NYSE:NOW) had a robust Q4, topping expectations with 21% subscription revenue growth and a 29.5% operating margin. The company closed 19 big deals worth over $5 million each and landed its largest new customer ever. Two more clients hit the $100 million mark in total contract value, doubling that number in just one quarter. NOW’s free cash flow for the year came in at $3.5 billion, with a 31.5% margin, which also exceeded market projections. With $10 billion in cash and investments, ServiceNow also expanded its stock buyback program, adding another $3 billion in repurchase authorization.
According to Insider Monkey’s Q4 data, 110 hedge funds reported owning stakes in ServiceNow, Inc. (NYSE:NOW), a significant jump from 78 funds in the last quarter. Ken Fisher’s Fisher Asset Management is the biggest stakeholder of the company, with 1.68 million shares valued at $1.78 billion.
8. AppLovin Corporation (NASDAQ:APP)
Number of Hedge Fund Holders: 95
Average 5-Year Revenue Growth: 31.29%
AppLovin Corporation (NASDAQ:APP) ranks 8th on our list of the top high growth stocks to buy. It is a tech company that helps businesses market and monetize their apps. AppLovin’s platforms include AppDiscovery for ad placement, MAX for bidding, Adjust for analytics, and Wurl for streaming ad management. It also provides SparkLabs for app store optimization, AppLovin Exchange for ad buying, and Array for mobile app management.
In Q4 2024, AppLovin Corporation (NASDAQ:APP)’s revenue jumped 44% year-over-year to $1.37 billion and adjusted EBITDA soared 78% to $848 million, reaching a 62% margin. Free cash flow more than doubled to $695 million, up 105% from last year and 28% from last quarter. The advertising business was a major driver for AppLovin, especially in mobile gaming and eCommerce ads, bringing in $999 million in revenue. A temporary spike in data center costs slightly impacted margins, but things should level out moving forward. Recently, the company announced that it is selling its Apps business for $900 million: $500 million in cash and the rest as a minority equity stake in a private company. The deal is expected to close in Q1 2025, pending regulatory approval.
According to Insider Monkey’s fourth quarter database, 95 hedge funds were long AppLovin Corporation (NASDAQ:APP), a significant increase from the previous quarter, when 51 funds had invested in the stock. Rajiv Jain’s GQG Partners was the biggest position holder in the company, with a $2.7 billion stake.
7. Uber Technologies, Inc. (NYSE:UBER)
Number of Hedge Fund Holders: 166
Average 5-Year Revenue Growth: 33.64%
American mobility tech giant, Uber Technologies, Inc. (NYSE:UBER) is one of the best high growth stocks to invest in. On March 12, 2025, the company pulled out of its deal to buy Delivery Hero’s foodpanda business in Taiwan after failing to get approval from local regulators, including the Taiwan Fair Trade Commission. Uber is mandated to pay a termination fee of around $250 million, as outlined in the original agreement signed in May 2024.
For the fourth quarter of 2024, Uber reported that gross bookings increased by 18% year-over-year to $44.2 billion. Mobility bookings rose to $22.8 billion, while Delivery bookings reached $20.1 billion. The company completed 3.1 billion trips and revenue grew by 20% to $12 billion, with Mobility and Delivery revenue combined increasing by 23% year-over-year. Uber Technologies, Inc. (NYSE:UBER) generated $1.8 billion in operating cash flow and $1.7 billion in free cash flow, ending the quarter with $7 billion in unrestricted cash. Additionally, the company repaid $2 billion of its outstanding debt.
According to Insider Monkey’s fourth quarter database, 166 hedge funds held stakes in Uber Technologies, Inc. (NYSE:UBER), compared to 136 funds in the last quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP was the leading stakeholder of the company, with nearly 10 million shares valued at $600 million.
6. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 96
Average 5-Year Revenue Growth: 34.10%
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company with four main business segments – Data Center, Client, Gaming, and Embedded. AMD just rolled out its 5th Gen EPYC Embedded 9005 Series processors in March 2025, bringing more power and efficiency to embedded markets. Built on the Zen 5 architecture, these chips are designed for networking, storage, and industrial edge systems, delivering faster data processing with better energy efficiency. The new Zen 5c core boosts throughput and performance per watt by an estimated 1.3x over competitors. Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best high growth stocks to monitor.
2024 was a breakthrough year for AMD, driven by its booming data center AI business, strong product launches, and increased market share in servers and PCs. Annual revenue hit a record $25.8 billion, up 14%, with net income rising 26% and free cash flow more than doubling. The data center segment contributed nearly half of total revenue, fueled by strong demand for Instinct and EPYC processors. In Q4, revenue grew 24% year-over-year to $7.7 billion, led by record data center and client segment sales. AMD also returned $862 million to shareholders through buybacks, with $4.7 billion still available for future repurchases.
According to Insider Monkey’s fourth quarter data, 96 hedge funds reported owning stakes in Advanced Micro Devices, Inc. (NASDAQ:AMD), compared to the prior quarter when 107 funds had invested in the stock.
5. Coupang, Inc. (NYSE:CPNG)
Number of Hedge Fund Holders: 87
Average 5-Year Revenue Growth: 38.53%
Coupang, Inc. (NYSE:CPNG) is a global e-commerce and technology company that runs an online retail marketplace, offering grocery delivery and advertising services for businesses. Beyond shopping, Coupang has expanded into food delivery, streaming entertainment, fintech services, and luxury fashion via Farfetch. It is one of the top high growth stocks to watch out for. Coupang Play recently partnered with Warner Bros. Discovery to bring top HBO and Max series to Korea starting March 21. The lineup includes Game of Thrones, Succession, House of the Dragon, Euphoria, and more, as well as the exclusive premiere of The White Lotus Season 3.
Coupang, Inc. (NYSE:CPNG)’s Q4 revenue came in at $8 billion, up 21% year-over-year, and without Farfetch, growth was 14%. Gross profit jumped 48% to $2.5 billion, with a margin of 31.3%, improving by 570 basis points. Net income stood at $131 million, with $156 million attributable to Coupang stockholders, but that was down $876 million from last year due to a big non-cash tax benefit in Q4 2023. Diluted EPS was $0.08, down $0.49 from last year, mostly because of the tax benefit in Q4 2023. Without the fire insurance gain, EPS was $0.01, or $0.04 when also excluding Farfetch.
According to Insider Monkey’s fourth quarter database, Coupang, Inc. (NYSE:CPNG) was part of 87 hedge fund portfolios, a significant jump from 56 portfolios in the prior quarter.
4. MercadoLibre, Inc. (NASDAQ:MELI)
Number of Hedge Fund Holders: 96
Average 5-Year Revenue Growth: 56.99%
MercadoLibre, Inc. (NASDAQ:MELI) is an e-commerce and fintech company operating in Brazil, Mexico, Argentina, and internationally. It operates Mercado Libre Marketplace for online shopping, Mercado Pago for digital payments, Mercado Envios for shipping, and Mercado Credito for loans. The company had its biggest Cyber Monday yet in 2024, selling 7 million products, a 34% increase from last year. Shopping on the platform has been picking up all year, especially in Q3 2024. The most popular categories were Supermarket, Health & Sports, Tech & Appliances, and Fashion & Beauty, with more than half of purchases made in installments.
MercadoLibre, Inc. (NASDAQ:MELI)’s Q4 2024 revenue increased 37% year-over-year to $6.1 billion and net income was $639 million. Its platform saw over 67 million unique buyers in the fourth quarter and crossed 100 million buyers in the past year. A big part of this success comes from smart investments in logistics, product variety, and user experience. In 2024, Mercado Libre opened 10 new fulfillment centers, expanded free shipping, and brought in premium brands like Lancôme and Ralph Lauren. Moreover, nearly half of all shipments in Q4 were delivered within a day. MELI ranks 4th on our list of high growth stocks to consider.
Among the hedge funds tracked by Insider Monkey in the fourth quarter, 96 funds were bullish on MercadoLibre, Inc. (NASDAQ:MELI), compared to 87 funds in the earlier quarter. Arrowstreet Capital was the biggest stakeholder of the company, with 545,292 shares valued at $927.2 million.
3. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
Number of Hedge Fund Holders: 77
Average 5-Year Revenue Growth: 60.89%
CrowdStrike Holdings, Inc. (NASDAQ:CRWD), headquartered in Austin, Texas, is a cybersecurity company that enables businesses to protect their data, devices, and cloud systems. Its subscription-based Falcon platform provides advanced security, ranging from endpoint protection to AI-powered threat detection. It is one of the best high growth stocks to monitor. On March 6, CrowdStrike collaborated with Arrow Electronics to bring its Falcon cybersecurity platform to more businesses in the United States and Canada. This partnership makes it easier for Arrow’s resellers and service providers to offer AI-powered security solutions, helping companies manage their security systems and close protection gaps.
In Q4 2024, CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s revenue reached $1.06 billion, up 25% from the prior year quarter, with subscription revenue growing 27% to $1.01 billion. GAAP subscription gross margin came in at 77%, while non-GAAP stayed steady at 80%. Operating cash flow stood at $345.7 million, just slightly below last year, and free cash flow dipped to $239.8 million. By the end of the quarter, the company had $4.32 billion in cash and equivalents. In 2024, CrowdStrike became the first cloud-native cybersecurity ISV to achieve $1 billion in AWS Marketplace sales, won AWS 2024 Global Security Partner of the Year, and expanded partnerships with AWS and Oracle Cloud.
According to Insider Monkey’s Q4 data, 77 hedge funds were bullish on CrowdStrike Holdings, Inc. (NASDAQ:CRWD), compared to 74 funds in the prior quarter. Tiger Global Management was one of the top stakeholders of the company, with a position worth $308 million.
2. PDD Holdings Inc. (NASDAQ:PDD)
Number of Hedge Fund Holders: 85
Average 5-Year Revenue Growth: 77.82%
PDD Holdings Inc. (NASDAQ:PDD) is a multinational commerce group that owns Pinduoduo, an e-commerce platform offering a wide range of products, and Temu, an online marketplace. Billionaire David Tepper’s Appaloosa LP raised its stake in PDD Holdings Inc. (NASDAQ:PDD) by 1% in the fourth quarter of 2024, adding 55,000 shares and bringing its total to 5.36 million. PDD now constitutes 8.1% of Appaloosa’s portfolio, making it the firm’s third largest holding.
In Q3 2024, PDD Holdings Inc. (NASDAQ:PDD) saw its revenue jump 44% year-over-year to RMB 99.4 billion, led by robust growth in online marketing and transaction services. The company brought in operating cash flow of RMB 27.5 billion, slightly lower than the RMB 32.5 billion it generated during the same period last year. By the end of September 2024, PDD had RMB 38.5 billion in cash, cash equivalents, and short-term investments. It ranks 2nd on our list of the top high growth stocks to buy.
Among the hedge funds tracked by Insider Monkey’s Q4 database, 85 funds were bullish on PDD Holdings Inc. (NASDAQ:PDD), compared to 78 funds in the last quarter.
1. DoorDash, Inc. (NASDAQ:DASH)
Number of Hedge Fund Holders: 88
Average 5-Year Revenue Growth: 79.86%
DoorDash, Inc. (NASDAQ:DASH) ranks 1st on our list of high growth stocks to invest in. The San Francisco-based company offers an online platform connecting businesses, customers, and delivery drivers. It runs both DoorDash and Wolt Marketplaces, handling order fulfillment, payment processing, and customer support. At the end of February 2025, the company agreed to pay nearly $17 million to settle claims that it misled customers and delivery workers by using driver tips to cover wages. New York Attorney General Letitia James said the company used tips meant for drivers between 2017 and 2019 to offset base pay instead of giving them the full amount.
In 2024, DoorDash, Inc. (NASDAQ:DASH)’s revenue jumped 24% year-over-year, and for the first time, the company ended the year with a positive GAAP net income. They also helped local merchants rack up nearly $60 billion in sales across 30+ countries and put over $18 billion into the pockets of Dashers. In Q4 2024, orders went up 19% to 685 million, and revenue climbed 25% to $2.9 billion, with a slight boost in net revenue margin. The biggest win for DASH was turning a $154 million loss in Q4 2023 into a $141 million profit in Q4.
According to Insider Monkey’s fourth quarter database, 88 hedge funds reported owning stakes in DoorDash, Inc. (NASDAQ:DASH), compared to 73 funds in the last quarter. Andreas Halvorsen’s Viking Global was a prominent stakeholder of the company, with nearly 5 million shares worth $830.2 million.
Overall, DoorDash, Inc. (NASDAQ:DASH) ranks first on our list of the best high growth large cap stocks to buy. While we acknowledge the potential of DASH to grow, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DASH but that trades at less than 5 times its earnings, check out our report about the 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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