In this article, we will take a look at the 30 Best Stocks To Invest In According to Billionaires.
Billionaires and top hedge fund managers dominate the market with large investments in leading companies with strong track records and exceptional performance. These investors have large capital and they like to invest in established companies rather than betting on underperformers.
How’s the Stock Market Performing in 2025 So Far?
The S&P 500 index has reached its all-time highs, achieving returns of over 20% for the second consecutive year post-COVID. Billionaire investor and CEO of Berkshire Hathaway Warren Buffett made a bold move in 2024, selling a record $134 billion of net stock. Buffett’s move has raised concerns for investors and analysts. Historically, when Buffett’s firm becomes a net seller, it’s often followed by below-average market performance. Many believe that this could be a signal of stock market underperformance in 2025.
The stock market has already taken a hit in 2025 following the release of Chinese AI model DeepSeek. Almost $1 trillion was wiped away from the U.S. stock market in January 2025. Now, the market is reacting to President Donald Trump’s tariff policy, as the U.S. initiates 25% tariffs on Canada and Mexico.
“Tariffs increase the odds of a negative feedback loop in the economy. Nobody believed they would be implemented,” said Dennis Debusschere, founder of 22V Research.
The S&P 500 has been underperforming its global peers in 2025 so far, with equity indexes in China, Europe, Canada, and Mexico all racing ahead. S&P 500 has slid nearly 1.90% year-to-date, as of March 4. Whereas, the tech-heavy NASDAQ 100 index has dropped over 4% so far this year.
According to Deutsche Bank strategist Parag Thatte, equity positioning dropped significantly in the week ended February 28, plunging back down to near neutral and wiping out the post-election bump.
Billionaire investor Leon Cooperman in an interview during the Squawk Box show on CNBC recently said that the president is on the right track, but he is doing things in a very destabilizing manner. The president is focusing on reducing the deficit, which is the right thing to do, Cooperman added.
The transition phase seems to have a much bigger impact on the broader market, coupled with the tariff policy. Ironsides Macroeconomics’ Barry Knapp expects the Fed to cut a full percent this year, with the first cut projected in May. Knapp added that the economy needs to shift from government spending to capital spending for a better environment for business.
With that, let’s take a look at the 30 Best Stocks To Invest In According to Billionaires.
A senior executive looking up at a large boardroom filled with the stocks their company manages.
Our Methodology
For the best stocks to invest in according to billionaires, we analyzed Insider Monkey’s exclusive database of billionaire stock holdings. We selected the 30 best stocks to invest in based on the highest number of billionaire investors, updated as of Q4 2024. For the stocks with the same number of billionaire holdings, we have used the total value of billionaire holdings as a secondary metric to rank the stocks. These billionaires are founders or managers of some of the world’s leading hedge funds and companies. The stocks are ranked in ascending order of the aforementioned metrics.
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).
30 Best Stocks To Invest In According to Billionaires
30. The Charles Schwab Corporation (NYSE:SCHW)
No. of Billionaire Investors: 19
Total Value of Billionaire Holdings: $4.73 Billion
The Charles Schwab Corporation (NYSE:SCHW) is a savings and loan holding company that offers wealth management, securities brokerage, banking, asset management, custody, and financial advisory services.
The company added almost $115 billion in core net new assets during Q4 2024, bringing asset gathering to $367 billion for the year – a 4.3% annualized growth rate. The improvement in net new assets reflects the company’s ongoing progress following the Ameritrade integration. On February 11, Truist Securities analyst David Smith upgraded the price target on SCHW from $90 to $91, keeping a Buy rating on the stock. The analyst now expects SCHW to post a 5% increase in estimated earnings per share for 2025, setting it at $4 per share. His 2026 EPS estimate has increased by 5% to $5 per share.
Artisan Select Equity Fund stated the following regarding The Charles Schwab Corporation (NYSE:SCHW) in its Q4 2024 investor letter:
“The Charles Schwab Corporation’s (NYSE:SCHW) share price recovered after a weak Q3 performance. Recall that Schwab’s economics have been pressured by higher interest rates, which incented account holders to move their cash off Schwab’s balance sheet and into higher-yielding securities. This cash Exodus has been a major headwind to Schwab’s earnings power. The company’s most recent disclosures show that the balance sheet cash trends have stabilized, signaling that this headwind might turn into a tailwind. We believe it will.”
29. DoorDash, Inc. (NASDAQ:DASH)
No. of Billionaire Investors: 19
Total Value of Billionaire Holdings: $5.03 Billion
DoorDash, Inc. (NASDAQ:DASH) seamlessly connects local commerce and helps merchants connect with consumers in their communities. The company connects merchants, consumers, and independent contractors for delivery services. The company operates its services through DoorDash Drive and Wolt Drive, which are white-label delivery fulfillment services. DoorDash has captured a wide share of the food delivery market and continues to expand its network in this space.
In FY 2024, DoorDash, Inc. (NASDAQ:DASH) achieved its first positive GAAP net income, underscoring its successful execution of strategic initiatives. The company’s Q4 earnings were in line with the analysts’ estimates and the revenue surpassed the analyst projections. The company achieved $2.90 billion in revenue in Q4, up by 25% year-over-year. The earnings per share were around $0.33, reflecting a significant turnaround from a loss of $0.39 per share in Q4 2023.
DoorDash’s operational highlights indicate notable progress in merchant selection and category breadth, with total quarterly orders increasing by 19% year-over-year to 685 million. The company’s Marketplace Gross Order Value (GOV) surged 21% to $21.3 billion from a year ago, indicating robust demand across platforms. In December 2024, DoorDash noted an increase in monthly active users (MAUs) to over 42 million, while it expanded its DashPass and Wolt+ memberships to over 22 million.
Following the strong performance and positive growth in FY2024, Loop Capital Markets analyst Rob Sanderson has raised the price target on DASH from $200 to $235, maintaining a Buy rating on the shares.
28. GE Aerospace (NYSE:GE)
No. of Billionaire Investors: 19
Total Value of Billionaire Holdings: $10.38 Billion
GE Aerospace (NYSE:GE) is a global aerospace propulsion, services, and systems company. The company has an installed base of almost 45,000 commercial and 25,000 military aircraft engines. The company has a major presence in the Middle East, as every major carrier flies GE Aerospace or joint venture partner engines. GE continues to expand its market in different regions due to the growing demand for its Commercial Engines and Services.
GE Aerospace (NYSE:GE) is positioning itself for a turnaround by leveraging new product introductions and digital innovations to enhance efficiency and sustainability. Recently, the company secured a five-year Performance-Based Logistics (PBL) contract with the Indian Air Force (IAF). GE will provide detailed sustainment solutions for T700-GE-701D engines powering the IAF’s fleet of AH-64E-I Apache helicopters. This deal strengthens GE Aerospace’s position in the global defense markets.
In FY2024, GE Aerospace posted adjusted revenue of nearly $35.1 billion, representing a 10% year-over-year increase. The company’s full-year profit and FCF surged by 30% from a year ago to $7.3 billion and $6.1 billion, respectively. This strong financial performance was driven by significant commercial momentum, signing key services agreements, and receiving orders for more than 4,600 commercial and defense engines. The company is planning to increase share repurchases to $7 billion and raise its dividend by 30%, indicating its commitment to improving share value.
27. Coupang, Inc. (NYSE:CPNG)
No. of Billionaire Investors: 20
Total Value of Billionaire Holdings: $1.41 Billion
Coupang, Inc. (NYSE:CPNG) owns and operates a retail business, which primarily serves the Korean retail market. The company operates through mobile applications and Internet websites, offering products and services including home goods and decor, apparel and beauty products, fresh food and grocery, sporting goods, electronics, everyday consumables, travel, restaurant order and delivery, content streaming, and advertising.
In FY2024, the company’s major highlight was the growth in its developing offerings, which include international business, food delivery platform Coupang Eats, mobile games platform Coupang Play, fintech, and Farfetch, the luxury online fashion platform it acquired last year. The expansion in global markets is reaping positive results for the company. Coupang has launched its WOW membership program in Taiwan, indicating strong international growth potential.
In FY2024, Coupang, Inc. (NYSE:CPNG) experienced a revenue growth of 24% year-over-year to $30.3 billion. The adjusted EBITA was around $1.4 billion with a 4.5% margin. The company generated over $1 billion in FCF last year.
On February 27, Barclays analyst Jiong Shao upgraded the price target on CPNG shares from $34 to $35 and kept an Overweight rating on the stock. The analyst is bullish on the company following its solid Q4 results and positive future outlook.
26. GE Vernova Inc. (NYSE:GEV)
No. of Billionaire Investors: 20
Total Value of Billionaire Holdings: $2.98 Billion
GE Vernova Inc. (NYSE:GEV) is a global energy company focused on creating a sustainable electric power system. It serves to electrify and decarbonize the world through its Power, Wind, and Electrification segments. The company is using AI to enhance the demand for its energy networks. Recently, the company announced its joint venture with NRG Energy Inc. and Kiewit intending to introduce new electricity generation capacity to the market in response to the growing demand for computing power and generative AI.
On February 13, Baird’s Ben Kallo initiated coverage on GEV with an Outperform rating on the shares and a price target of $448. The analyst has indicated the company’s industry-leading position to be a key growth factor amid the growing energy demand, particularly electricity. GEV is currently benefiting from the worldwide increase in electricity needs, generating an annual revenue of $34.94 billion in FY2024. Baird believes that GEV’s diverse technology portfolio, substantial scale, and pricing power are major factors that contribute to its robust market presence.
During Q4 FY2024, GE Vernova Inc. (NYSE:GEV) received record orders of $13.2 billion up 22% year-over-year organically. The company’s Power and Electrification segment was key to this robust performance.
Fidelity Dividend Growth Fund stated the following regarding GE Vernova Inc. (NYSE:GEV) in its Q3 2024 investor letter:
“Among individual holdings, the top relative contributor was an overweight stake in GE Vernova Inc. (NYSE:GEV). The company’s shares gained about 49% in the past three months, as the power-generation business that split from General Electric on April 2 continued to fare well as a stand-alone entity. On July 24, the company reported quarterly earnings that were better than expected, boosted by its natural gas power-turbine business, and released an optimistic financial forecast for the rest of 2024.”
25. Lam Research Corporation (NASDAQ:LRCX)
No. of Billionaire Investors: 20
Total Value of Billionaire Holdings: $3.50 Billion
Lam Research Corporation (NASDAQ:LRCX) is a leading semiconductor equipment manufacturer that provides wafer fabrication equipment and services to the semiconductor industry. The company has a strong presence in two wafer fabrication equipment (WFE) categories. It is the leading supplier of etch systems and one of the top leaders in deposition systems. Lam Research Corporation products are widely used in memory chip production, but foundry customers like Taiwan Semiconductor also use its systems to make logic chips like CPUs and GPUs. In all cases, the company should benefit as AI increases demand for semiconductors.
On February 20, Susquehanna analyst Mehdi Hosseini raised the price target on LRCX shares from $75 to $125 and also upgraded the rating from Neutral to Positive. Hosseini believes that Lam’s strategic expansion of its serviceable available market (SAM) will diversify its revenue across different device types. Samsung, which expects its Memory business to get better by the end of 2025, will benefit Lam as the phone-maker remains one of the top three customers of the company.
Lam Research Corporation (NASDAQ:LRCX) has reported strong results during the Q2 FY2025, with revenue of $4.38 billion, up by 5% year-over-year. The company is well-positioned to take advantage of technology inflections in AI applications, with shipments for gate-all-around nodes and advanced packaging projected to surpass $3 billion in 2025.
24. Walmart Inc. (NYSE:WMT)
No. of Billionaire Investors: 20
Total Value of Billionaire Holdings: $8.46 Billion
Walmart Inc. (NYSE:WMT) is the world’s largest brick-and-mortar retailer. It operates over 100,000 locations globally, utilizing its financial strength to maintain competitive and consistent profits in a traditionally low-margin market.
On February 21, BMO Capital Markets reiterated a price target of $100 on WMT shares and kept an Outperform rating on the stock. The analyst is optimistic about Walmart amid its strong business fundamentals despite a conservative forecast. The company’s recent performance indicates a strategic reversal in expectations, which is consistent with the company’s past strategy.
Walmart Inc. (NYSE:WMT) continues to grow its Connect advertising business, with U.S. revenue increasing by 24% in Q4 FY2025. The segment is projected to further increase its revenue following the acquisition of Vizio, a popular low-cost television manufacturer, for $2.3 billion in December 2024. For FY2026, the company anticipates consolidated net sales growth of almost 3% to 4%.
Walmart Inc. repurchased $4.5 billion worth of shares in FY2025 and raised its quarterly dividend by 13% to $0.235 per share, putting it among the Best Dividend Aristocrat Stocks to Buy Now.
23. Moody’s Corporation (NYSE:MCO)
No. of Billionaire Investors: 20
Total Value of Billionaire Holdings: $18.88 Billion
Moody’s Corporation (NYSE:MCO) is an integrated risk assessment company that provides credit research, credit models, analytics, and economic data as part of its risk management services. The company’s focus on innovation, along with expectations of macroeconomic stability, provides a strong foundation for future growth.
On February 18, BMO Capital analyst Jeffrey Silber raised the price target on MCO from $481 to $531, maintaining a Market Perform rating on the shares. The analyst has upgraded the price target following Q4 results. The company’s major growth segments included Moody’s Analytics which reported an 8% increase in revenue, reaching $863 million, driven by strong performance in the banking and insurance sectors. Whereas, MIS experienced notable growth, with revenue soaring 18% to $809 million, mainly due to a 29% increase in transactional revenue, driven by increased corporate finance activity. Last year, the company generated an operating cash flow of more than $2.8 billion, up from $2.1 billion in 2023, while the FCF jumped to $2.5 billion.
For 2025, Moody’s Corporation (NYSE:MCO) expects high-single-digit revenue growth, with adjusted diluted EPS anticipated between $14 and $14.50 per share.
22. Discover Financial Services (NYSE:DFS)
No. of Billionaire Investors: 21
Total Value of Billionaire Holdings: $903.85 Million
Discover Financial Services (NYSE:DFS) is a digital banking and payment services company. It is a bank holding company, as well as a financial holding company. The company operates through two segments: Digital Banking and Payment Services.
On January 27, Truist analyst Brian Foran raised the price target on DFS shares to $262 from $233, keeping a Buy rating on the stock. The upgrade follows the Q4 earnings of $5.11, which was well above analyst estimates of $3.20 per share. The revenue came in at $4.76 billion, surpassing the expected $4.41 billion. Foran’s price target increase indicates an improved earnings outlook based on a higher net interest margin path, improving credit, and a deceleration in expenses.
During Q4 2024, the company completed the sale of its private student loan portfolio, improving DFS’ financial position and reflecting a streamlined business model. The average consumer deposits during the quarter soared by 10% year-over-year, enhancing the company’s funding mix.
21. CME Group Inc. (NASDAQ:CME)
No. of Billionaire Investors: 21
Total Value of Billionaire Holdings: $2.14 Billion
CME Group Inc. (NASDAQ:CME) offers a derivatives marketplace and empowers market participants worldwide to trade futures, options, cash, and over-the-counter (OTC) markets, optimize portfolios, and analyze data. The company provides different global benchmark products across all major asset classes on interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals.
One of the mottos of President Trump’s election campaign was cryptocurrencies, and we saw how the President celebrated his win with the launch of his memecoin. The increasing demand for cryptocurrencies and a favorable regulatory environment in the Trump administration can create massive opportunities for players like CME Group Inc. (NASDAQ:CME).
The company has announced plans to launch Solana futures on March 17, pending regulatory approval. This move expands CME’s cryptocurrency derivatives portfolio, which currently includes futures for Bitcoin and Ethereum. The Solana futures will be offered in two sizes: a micro-sized contract for 25 Solana (SOL) and a larger-sized contract for 500 SOL. The company has taken this decision following a growing demand for regulated products in the crypto industry.
On February 25, the company achieved its new, single-day volume record of 67,124,571 contracts traded, surpassing the previous record of 66,256,756 contracts set on March 13, 2023. CME also achieved new daily volume records in its deeply liquid interest rate complex on February 25. Considering the growing demand for CME’s offering in the crypto space, Morgan Stanley analyst Mike Cyprys raised the price target on CME shares from $256 to $263. Cyprys keeps an Equal-Weight rating on the shares.
20. PDD Holdings Inc. (NASDAQ:PDD)
No. of Billionaire Investors: 21
Total Value of Billionaire Holdings: $2.15 Billion
PDD Holdings Inc. (NASDAQ:PDD) is a Chinese multinational online commerce group and retailer that owns and operates a range of diverse businesses. The company operates famous e-commerce platforms including Pinduoduo and its fast-growing online marketplace Temu. The company’s strategic decision to expand Temu across global markets seems to be a great move. Temu has expanded its operations in more than 50 countries worldwide and is expected to be a key driver for the company’s growth moving forward.
PDD Holdings Inc. (NASDAQ:PDD) continues to build the user base, gain more sellers, and improve user engagement. This strategy creates a network effect that is expected to drive a growth cycle and value creation. In addition to that, PDD posted a 44% year-over-year revenue growth in Q4 2024, with revenue reaching RMB 99.4 billion. The good news for the company is that the U.S. President has reinstated De Minimis exemptions, which means smaller Temu orders remain outside the scope of tariffs.
Baron Funds, an investment management firm, released its Q3 2024 investor letter. Here is what the fund said:
“During the third quarter, we re-initiated a small investment in PDD Holdings Inc. (NASDAQ:PDD). We believe the company is truly unique in the global e-commerce landscape, with an innovative business model, and very strong growth prospects. Founded in 2015 as Pinduoduo, the company has grown into China’s second-largest e-commerce player, capturing over 20% market share. PDD’s Consumer-to-Manufacturer (C2M) model, which connects manufacturers directly to consumers, eliminated intermediaries, allowing for ultra-low prices that attract price-sensitive consumers and small merchants. Its discovery-based, algorithm-driven shopping experience has created a highly engaging platform, driving user and merchant growth in a virtuous cycle. We expect PDD to continue gaining share in China given its dominance in the value-for-money segment, growing branded product offerings at affordable prices, and high operational efficiency. PDD’s network effects and cost advantage, supported by its lean structure and efficient C2M model, are set to grow as it scales, both domestically and internationally. Its cross-border e-commerce platform, Temu, launched in September 2022, has rapidly become one of the world’s fastest-growing apps. Leveraging China’s excess capacity and PDD’s supply-chain efficiency, Temu wields strong pricing power over Chinese suppliers and attracts overseas consumers with competitively priced products. While still in the early stage, Temu has achieved 2% of the global ex-China e-commerce market and a variable break even in the U.S. market, underscoring PDD’s focus on sustainable growth. Despite its rapid growth and profitability, PDD trades at a double-digit free cash flow yield (despite losses from the early-stage international expansion through Temu), significantly below sector peers. While concerns over geopolitical tensions exist, we believe PDD’s growing competitive edge, strong cash flow, and disciplined management position it to create substantial long-term value for shareholders.”
19. Tesla, Inc. (NASDAQ:TSLA)
No. of Billionaire Investors: 21
Total Value of Billionaire Holdings: $8.09 Billion
Tesla, Inc. (NASDAQ:TSLA) started business as an EV maker, but it has diversified its revenue stream, by expanding operations from automotive to energy businesses. However, the majority of its earnings come from vehicle sales, which include the design, manufacturing, and sale of EV models such as the Model 3, Model S, Model X, and Model Y. The company is also engaged in leasing, used vehicle sales, retail merchandise, insurance, energy generation, vehicle servicing, non-warranty after-sales services, and public charging.
Recently, Morgan Stanley analyst Adam Jonas priced TSLA shares at $430 as it diversified into AI and robotics. Jonas believes that Tesla’s expansion into robotics and AI together with its current leadership in EV might offer long-term growth prospects. The analyst expects the EV maker’s full-year 2025 deliveries to decline compared to 2024, “creating an attractive entry point” for investors. In the bull case scenario, the analyst has set a price target of $800 per share.
“Tesla’s softer auto deliveries are emblematic of a company in the transition from an automotive ‘pure play’ to a highly diversified play on AI and robotics,” added Jonas.
18. Apple Inc. (NASDAQ:AAPL)
No. of Billionaire Investors: 21
Total Value of Billionaire Holdings: $101.68 Billion
Apple Inc. (NASDAQ:AAPL) is famous for its consumer electronics, software, and other related products. It owns a premium line of products, which includes the iPhone, iPad, Mac computers, and a range of other accessories. The company has earned itself widespread acclaim and customer loyalty, which is key to its success in the long term.
Apple Inc. (NASDAQ:AAPL) has posted financial results for the first quarter of fiscal 2025, with a 1% dip in iPhone sales from a year ago. The iPhone sales drop is due to weakness in Greater China. Despite this, Apple’s gross margin reached a record 46.9%, driven by a flourishing services business. The total revenue came in at $124.3 billion, up 4% year-over-year, while quarterly diluted EPS soared 10% to $2.40 per share.
On February 26, Goldman Sachs analyst Mike Ng reiterated a Buy rating on AAPL shares with a price target of $294 per share. The strategic launch of the iPhone 16e, along with the significant U.S. investments Apple has promised to build Apple Intelligence infrastructure, data centers, and more, has led to an optimistic rating for the stock. Here is what the analyst said:
“We’re encouraged by the role that iPhone 16e plays as an entry-level phone in the iPhone portfolio and believe that the price increase (relative to iPhone SE3) and an internalized modem should be supportive of margins. There are no lead times on iPhone 16e.”
17. Uber Technologies, Inc. (NYSE:UBER)
No. of Billionaire Investors: 22
Total Value of Billionaire Holdings: $1.72 Billion
Uber Technologies, Inc. (NYSE:UBER) is an American transportation company that provides ride-hailing services, food delivery, courier services, and freight facilities. It dominates the US ride-hailing marketplace, with a remarkable 76% share.
The global shift toward convenience and ride-hailing is driving strong growth for UBER. During Q4 2024, the company experienced robust growth across the Mobility and Delivery segments, with gross bookings growing 18% year-over-year. Uber Technologies, Inc.’s (NYSE:UBER) revenue came in at $12 billion, up by 20% from a year ago and exceeding estimates of $11.76 billion.
Andrew Arons, Founder and Managing Partner at Synergy Advisory Management Group expects Uber Technologies, Inc. (NYSE:UBER) shares to hit an all-time high within the next six months. Here is what he stated on a recent program on Schwab Network:
“I think Uber stock is going to hit all-time highs. I would say probably within the next six months, we’ll see it reach all-time highs. I wouldn’t be surprised if it hits 100 this year. So yeah, I think they’re moving in the right direction. They are one of those stocks attracting a lot of money, and a lot of money is starting to flow into Uber. They’re also making some really nice partnerships, and I think that’s going to propel the stock.”
16. Capital One Financial Corporation (NYSE:COF)
No. of Billionaire Investors: 22
Total Value of Billionaire Holdings: $5.59 Billion
Capital One Financial Corporation (NYSE:COF) is a diversified financial service holding company that owns Capital One Bank. The company provides a range of financial products and services to consumers, small businesses, and commercial clients. Capital One operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
On February 19, BofA Securities analyst Mihir Bhatia upgraded COF from Neutral to Buy, increasing the price target from $207 to $235. The upgrade on COF shares indicates a positive outlook on the company’s potential for growth in both the short and long term. The new price target is based on a 12.5 times multiple applied to Bhatia’s projected EPS for COF in 2026, compared to its current P/E ratio of 17.32x.
Capital One Financial Corporation (NYSE:COF) shareholders have approved the acquisition of Discover Financial Services and its subsidiary, Discover Bank, after the Delaware State Bank Commissioner approved it on December 18, 2024. This move has already attracted investors and will be key to the company’s growth in the future.
Amalthea Fund stated the following regarding the acquisition in its Q3 2024 investor letter:
“US Credit cards have become a concentrated business. The leading players in order are Chase, a part of JPMorgan, American Express, Citi, Capital One, Bank of America, and Discover. A combination of Capital One and Discover will become the number two player.”
15. Mastercard Incorporated (NYSE:MA)
No. of Billionaire Investors: 22
Total Value of Billionaire Holdings: $7.43 Billion
Mastercard Incorporated (NYSE:MA) is the world’s second-largest payment processor. The company offers its clients a range of payment processing and related services, including credit and debit cards, data analytics, settlements, payment deferrals, and more. Mastercard’s Q4 2024 earnings highlight its continued strength as a leader in the payments sector, posting a notable 12% volume growth and a 6% rise in card circulation.
On February 13, Tigress Financial Partners analyst Ivan Feinseth raised the price target on MA shares from $550 to $685, keeping a Strong Buy rating on the shares. The revision follows Mastercard’s strong performance during the fourth quarter of 2024. Feinseth sees MA continue to benefit from the move to electronic payments and the rising demand for cybersecurity.
Bretton Fund stated the following regarding Mastercard Incorporated (NYSE:MA) in its Q4 2024 investor letter:
“Visa and Mastercard Incorporated (NYSE:MA) kept doing their thing, increasing earnings per share by 15% and 12%, respectively, with their stocks returning 22% and 24%. We continue to closely watch the evolving payments space as it seems like everyone’s always trying to displace the card networks. For now, we don’t see anything gaining much traction.”
14. Philip Morris International Inc. (NYSE:PM)
No. of Billionaire Investors: 22
Total Value of Billionaire Holdings: $9.21 Billion
Philip Morris International Inc. (NYSE:PM) is an American multinational tobacco company that also offers a wide range of related products. The company is potentially evaluating the sale of its U.S. cigar business as it focuses on smoke-free offerings. Philip Morris’ transition towards smoke-free offerings may have lifted the company’s shares by more than 20% over the last month.
The potential divestiture of its cigar business reflects the company’s continued commitment to evolving its portfolio, resonating positively with investors. Philip Morris International Inc. (NYSE:PM) posted Q4 2024 net sales of $9.71 billion, up by 7.3% year-over-year and surpassing estimates of $9.44 billion. The increase in quarterly sales is a continuous development following strong growth from its products ZYN and IQOS.
Philip Morris International Inc. (NYSE:PM) projected stronger-than-expected profit growth for 2025, driven by the robust expansion of its nicotine pouch brand, ZYN, and rising demand for smoke-free alternatives. The potential divestiture could be a great move by the company as they can invest more in their growing smoke-free products.
13. UnitedHealth Group Incorporated (NYSE:UNH)
No. of Billionaire Investors: 23
Total Value of Billionaire Holdings: $8.14 Billion
UnitedHealth Group Incorporated (NYSE:UNH) is a diversified healthcare company. It has a strong economic moat, which stems from the cost advantage and network effects. UnitedHealth Group is a for-profit firm with four main segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx.
On February 19, Cantor Fitzgerald analyst Sarah James reaffirmed a price target of $700 on UNH shares, maintaining an Overweight rating on the stock. The analyst sees a significant portion of its business tied to Medicaid, which assisted in generating over $400.28 billion in revenue in FY2024. UnitedHealth Group Incorporated (NYSE:UNH) has expanded Medicaid in 21 states out of the 27 states it operates in. The analyst sees Medicaid to perform well considering its potential market, encouraged by its strong business fundamentals.
Bretton Capital Management, an investment management company, released its Q4 2024 investor letter. Here is what the fund said:
“We invest in UnitedHealth Group Incorporated (NYSE:UNH) because we believe this revealed preference is real. The regulatory landscape changes constantly, there is plenty of noise in the system, and it is possible to imagine a world where health insurers would not be necessary. However, the massive healthcare system we’re in today structurally relies on private companies to play the crucial role of managing care and negotiating prices, and we don’t think the US government is prepared to take all that over. It was a bad year for our investment, as the stock returned a negative 2.4%, but it trades for a meaningful discount to the market despite consistently delivering double-digit earnings growth for years, including 10% last year.”
12. Salesforce, Inc. (NYSE:CRM)
No. of Billionaire Investors: 23
Total Value of Billionaire Holdings: $9.03 Billion
Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company. The company’s AI-powered platform Agentforce has gained popularity amid the growing demand for AI products and services.
On February 26, Morgan Stanley analyst Keith Weiss maintained a Buy rating on CRM shares and kept the price target at $405 per share. The analyst’s buy rating follows CRM’s robust performance in key investor metrics. In particular, Salesforce’s current remaining performance obligations (cRPO) have grown at 11% on a constant currency basis, exceeding both the company’s guidance and investor expectations.
Salesforce, Inc. (NYSE:CRM) remains a dominant force in the CRM market. The company’s expanding AI and Data Cloud capabilities add to its strength in the CRM market. The company’s Data Cloud and AI segments have reported remarkable growth, with annual recurring revenue reaching $900 million in Q4 2024, up 120% from a year ago. Agentforce has experienced strong adoption, closing 5,000 deals since October 2024, with more than 3,000 being paid. Whereas, Data Cloud continues to scale, surpassing 50 trillion records, doubling year-over-year. Almost half of the Fortune 100 companies are both AI and Data Cloud customers, and the company’s top 10 deals in Q4 each included AI and Data integration.
11. Eli Lilly and Company (NYSE:LLY)
No. of Billionaire Investors: 23
Total Value of Billionaire Holdings: $13.74 Billion
Eli Lilly and Company (NYSE:LLY) is a leading American multinational pharmaceutical company, with a global presence in 18 countries. Its products are distributed in approximately 125 countries, showing its global reach. Eli Lilly and Company aims to pioneer pharmaceutical advancements, as well as focuses on inclusive clinical trials and is committed to ensuring its medicines are both accessible and affordable for diverse populations.
On February 3, Truist Securities analyst Srikripa Devarakonda increased the price target on LLY shares from $1,029 to $1,038 per share, maintaining a Buy rating on the shares. Devarakonda is optimistic regarding the company’s future on the back of strong Q4 and full-year 2024 results. The company posted Q4 revenue of $13.53 billion, surging 45% year-over-year, and full-year revenue increased 32% compared to 2023. The strong growth was driven by the increased sales volume of Mounjaro and Zepbound. The company’s quarterly earnings per share more than doubled, rising 114% to $5.32 per share.
Eli Lilly and Company (NYSE:LLY) stays on the growth trajectory and projects 2025 revenue between $58 billion and $61 billion, reflecting a 32% year-over-year increase. LLY estimates EPS in the range of $22.05 to $23.55, reinforcing confidence in its financial trajectory and continued innovation.
10. Vistra Corp. (NYSE:VST)
No. of Billionaire Investors: 25
Total Value of Billionaire Holdings: $2.87 Billion
Vistra Corp. (NYSE:VST) is a leading player in integrated retail electricity and power generation. Utilities such as Vistra have surged as demand for power increases and tech giants continue to invest billions of dollars into AI technologies and their infrastructure.
Vistra Corp. (NYSE:VST) has a diversified energy portfolio, including natural gas, nuclear, coal, solar, and battery storage facilities. This diversified portfolio positions the company to achieve strong results. In Q4 2024, the company achieved a net income of $490 million. The company’s adjusted EBITDA reached $5.66 billion for FY2024, surpassing the top end of the original guidance range by $856 million.
Last year, the company completed a major acquisition, adding three nuclear sites, approximately one million retail customers in the PJM market, and 2,000 new employees, positioning itself as the second-largest competitive nuclear operator in the U.S. In addition to that, the company expanded its renewable energy footprint by launching two solar-plus-storage facilities and securing two major power purchase agreements.
Carillon Eagle Mid Cap Growth Fund stated the following regarding Vistra Corp. (NYSE:VST) in its Q3 2024 investor letter:
“Vistra Vistra Corp. (NYSE:VST) is an integrated retail electricity and power generation company. As an independent power producer (IPP), Vistra primarily generates revenue from selling its generated power at the prevailing market price. As a result of recent growth in future power demand, the company’s shares have soared on investors’ expectations for future power prices. The potential for Vistra to announce future power purchase agreements (PPAs) with large technology companies in order to satisfy the extraordinary power requirements of these companies’ artificial intelligence (AI) endeavors, in a similar manner to some of Vistra’s closest IPP peers, has also provided a tailwind for the stock.”
9. Netflix, Inc. (NASDAQ:NFLX)
No. of Billionaire Investors: 25
Total Value of Billionaire Holdings: $12.75 Billion
Netflix, Inc. (NASDAQ:NFLX) is a leading entertainment services provider that offers feature films, TV series, games, and documentaries in different languages and genres. Netflix has spent the last several years reinventing itself into more of an end-to-end entertainment business. The company has grown its revenue at a CAGR of 14.11% over the last 5 years.
The company’s focus on creating original content has paid off. In 2025, Netflix secured 18 Academy Award nominations, the most among any studio. This is the sixth year in a row that it either received the most nominations by itself or shared that distinction. These awards strengthen studios’ reputations.
Despite concerns about losing subscribers in the past few years, Netflix, Inc. (NASDAQ:NFLX) has turned things around. In the most recent Q4, the company gained almost 19 million subscribers, while the revenue soared by 16% year-over-year to $10.25 billion. The company’s operating margins went up from 21% to 27%, reflecting that Netflix is retaining a significant portion of its revenue as earnings.
8. Broadcom Inc. (NASDAQ:AVGO)
No. of Billionaire Investors: 25
Total Value of Billionaire Holdings: $14.46 Billion
Broadcom Inc. (NASDAQ:AVGO) is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets. Jefferies and Barclays have both named it their top picks in the AI chip industry for 2025.
Jefferies has highlighted Broadcom Inc.’s (NASDAQ:AVGO) rapidly growing AI chip market and robust customer base. Analysts at Jefferies have set a price target of $300 for AVGO shares, while Barclays has set a price target of $260, upgrading AVGO to an Overweight rating. Barclays analysts pointed out the company’s custom silicon solutions and projected major growth in the AI semiconductor market. Broadcom is expected to benefit from the growth of the broader technology industry as demand for AI, 5G, and cloud computing drives higher adoption of its networking, semiconductor, and software solutions.
Aristotle Atlantic Partners, LLC, an investment advisor, released its Q4 2024 investor letter. Here is what the fund said:
“Broadcom Inc. (NASDAQ:AVGO) contributed to performance in the fourth quarter as the company’s third-quarter results demonstrated continuing strength for its AI networking and custom accelerator semiconductor business. The company also gave long-term guidance for the service addressable market (SAM) opportunity for its AI-related business, indicating a market opportunity of $60 billion to $90 billion, which only includes contributions from its current three customers. This long-term outlook for AI semiconductor content exceeded investor expectations. Broadcom’s quarterly results also showed the company is ahead on its VMware integration timeline to achieve $8.5 billion in EBITDA, which will support long-term gross and operating margin expansion for the company.”
7. Visa Inc. (NYSE:V)
No. of Billionaire Investors: 26
Total Value of Billionaire Holdings: $17.32 Billion
Visa Inc. (NYSE:V) is a payment technology company. It facilitates electronic transactions worldwide in more than 200 countries and territories through its VisaNet network. Visa links about 4 billion account members to over 130 million merchants and 14,500 financial institutions worldwide.
On February 21, UBS analyst Rayna Kumar reiterated a price target of $400 per share on V and maintained a Buy rating on the stock. During Q1 FY2025, the company surpassed profit estimates due to the holiday shopping season. The company’s net revenue soared 10% from a year ago to $9.5 billion, driven by growth in processed transactions, payments volume, and cross-border volume. Visa has completed the acquisition of AI payment protection technology firm, Featurespace. This move will enhance Visa’s reputation as a reliable financial services provider.
The London Company Large Cap Strategy stated the following regarding the company in its Q4 2024 investor letter:
“Visa Inc. (NYSE:V) – V’s competitively advantaged and resilient business model makes it a steady compounder. The stock price rallied a bit in November following the election as antitrust enforcement may be looser under the new administration. This is relevant for V’s who is currently facing an antitrust case from the Department of Justice (filed in September), and regularly engages in acquisitions to grow.”
6. NVIDIA Corporation (NASDAQ:NVDA)
No. of Billionaire Investors: 29
Total Value of Billionaire Holdings: $33.25 Billion
NVIDIA Corporation (NASDAQ:NVDA) is a manufacturer of high-end GPUs used in HPC, gaming, creative design, autonomous vehicles, and robotics. It supplies its products to system integrators and distributors, consumer internet companies, distributors, original equipment manufacturers, and others.
On February 26, TD Cowen analyst Joshua Buchalter kept a Buy rating on the NVDA shares with a price target of $175 per share. Buchalter expects Nvidia to sustain its growth in the data center business in the coming years. Discussing the Q4 earnings print, Buchalter said that the beat and raise was one that “investors have come to expect from NVIDIA Corporation (NASDAQ:NVDA), albeit more moderate than recent quarters.”
Billionaire Stanley Druckenmiller, as an investor in Nvidia, benefited from a great deal of the stock’s performance in 2024. Druckenmiller closed out his position in NVDA in Q3 2024. In an interview with Bloomberg, Druckenmiller said that he would consider buying the stock again at the right price. Druckenmiller believes in the ability of NVIDIA’s long-term growth. Analysts project the AI market to grow from $200 billion today to over $1 trillion by the end of 2030.
5. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
No. of Billionaire Investors: 30
Total Value of Billionaire Holdings: $14.62 Billion
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a leading manufacturer of semiconductors. The company specializes in contract manufacturing and design. TSMC generates revenue through the sale of semiconductor wafers, foundry services, and customized solutions, catering to a diverse range of clients.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has announced plans to increase its investment by another $100 billion in the U.S. This announcement was made by U.S. President Donald Trump alongside TSMC CEO CC Wei. TSMC is set to construct five new advanced fabrication plants, boosting U.S. economic activity and its dominance in AI.
Bank of America Securities analyst Brad Lin rates TSM as a Buy, having a price target of $250 per share. Lin anticipates TSM to improve its gross profit margin, driven by price increases, yield improvements, and a favorable product mix. The company’s dominant position in the semiconductor industry is mainly aided by its technological leadership.
4. Alphabet Inc. (NASDAQ:GOOGL)
No. of Billionaire Investors: 33
Total Value of Billionaire Holdings: $22.42 Billion
Alphabet Inc. (NASDAQ:GOOGL) is a leader in AI and owns prominent platforms including Google Search, Google Maps, Gmail, and YouTube. The company holds a dominant position in cloud computing, quantum computing, and artificial intelligence. Alphabet’s extensive integration of AI throughout its product ecosystem places it well for sustained growth and innovation. Gemini AI is a great example of how Alphabet is integrating AI into its core products.
Alphabet Inc. (NASDAQ:GOOGL) posted strong results in Q4 2024, with quarterly revenue of $96.47 billion, up 12% year-over-year. The quarterly results were driven by strong momentum across the business. GOOGL’s total operating income soared 31% during Q4 while its operating margin increased by five percentage points to 32%. The earnings per share came in at $2.15 per share, representing a 31% growth year-over-year and beating estimates by two cents.
Artisan Select Equity Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its Q4 2024 investor letter:
“Alphabet Inc.’s (NASDAQ:GOOG) stock gained 14% during the quarter. Last quarter, we wrote about how the antitrust case against Alphabet weighed on its share price. It appears that investors are less concerned about this case because it is weak (in our view) and perhaps because they view the incoming Trump administration as less hostile to Alphabet’s position. At any rate, the stock probably got too cheap last quarter; its business fundamentals are strong, and the share price this quarter reflected that.”
3. Meta Platforms, Inc. (NASDAQ:META)
No. of Billionaire Investors: 36
Total Value of Billionaire Holdings: $32.36 Billion
Meta Platforms, Inc. (NASDAQ:META) is a global technology company that operates major social media platforms such as Facebook, Instagram, Threads, and WhatsApp.
On February 27, Bloomberg News reported that Apollo Global Management is leading discussions for an approximately $35 billion financing package for Meta Platforms to help develop data centers in the U.S. The deal is still under consideration and funding conversations are at an early stage. Earlier in January, Meta CEO Mark Zuckerberg announced that his company would be spending nearly $65 billion in 2025 to expand AI infrastructure.
Wall Street analysts are bullish on META as the company continues to expand its market, dominating the space with AI features. On February 11, Tigress Financial analyst Ivan Feinseth maintained the firm’s Strong Buy rating on META shares but made a substantial adjustment in its price target from $645 to $935. The company is earning great returns on its investments in AI, with revenue up 22% in 2024 to $164 billion. META’s earnings grew even faster, up 60% year-over-year.
2. Microsoft Corporation (NASDAQ:MSFT)
No. of Billionaire Investors: 39
Total Value of Billionaire Holdings: $53.36 Billion
Microsoft Corporation (NASDAQ:MSFT) is a technology company and the largest software producer in the world by revenue. The company’s early and aggressive investments in AI place it well in transformative technology. Moreover, Microsoft’s AI integration throughout its product portfolio, from Azure cloud services to productivity tools such as M365 Copilot, results in creating several avenues for revenue growth.
In Q2 FY2025, Microsoft Corporation (NASDAQ:MSFT) posted $69.6 billion in revenue, up by 12% from a year ago. The company’s gross margin increased 13% and 12% in constant currency while operating income increased 17% and 16% in constant currency. As the company continued to improve its earnings, the EPS also gained 10% growth, reaching $3.23 per share. These strong results were attributed to the strong demand for MSFT’s cloud and AI offerings.
Mairs & Power, an investment advisor, released the Q4 2024 investor letter. Here is what the fund said:
“Unlike the dot-com companies that operated at the turn of the century, many of today’s technology companies are established businesses with significant cash flows. We have argued, and continue to argue, that many of these investments are perfectly aligned with our investment process in that they embody durable competitive advantages, above-average growth prospects, and excellent management teams.
A perfect example is Microsoft Corporation (NASDAQ:MSFT), which has grown to become the largest holding in the Growth Fund. Microsoft has a near monopoly on the office software productivity market with its Microsoft Office Suite. The company’s Azure platform is a leader in cloud computing and has been steadily gaining share. Thanks to its Office and Azure products, the company is deeply embedded within many enterprise IT ecosystems. Therefore, it should be well-positioned to expand its presence within its customer base, as it rolls out premium-price AI solutions. The company is not resting on its laurels and plans on spending an astounding $80 billion in 2025 to build out AI data centers.”
1. Amazon.com, Inc. (NASDAQ:AMZN)
No. of Billionaire Investors: 40
Total Value of Billionaire Holdings: $33.04 Billion
Amazon.com, Inc. (NASDAQ:AMZN) remains the most favorite stock among billionaires. Billionaire investor Druckenmiller opened new positions in AMZN during Q4 2024. He bought 328,400 shares of Amazon, which now represent 1.9% of his portfolio.
Amazon.com, Inc. (NASDAQ:AMZN) is not lagging behind the rest of tech companies in the AI race. The company has announced plans to launch its ‘reasoning’ model under its Nova brand by June 2025. Nova aims to compete head-on with OpenAI and Anthropic by blending rapid responses with more advanced, long-form reasoning. Amazon is targeting to be among the top five AI models for software development and math skills while keeping costs lower than rivals. The current Nova models are already 75% cheaper compared to third-party alternatives on its Bedrock AI platform. Amazon is investing in creating a low-cost AI model in an increasingly competitive space, giving the company a competitive advantage.
While we acknowledge the potential of AMZN 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. If you are looking for an AI stock that is more promising than AMZN 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 Complete List of 59 AI Companies Under $2 Billion in Market Cap.
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