5 Best Large Cap Stocks To Buy Now

In this piece, we will take a look at the five best large cap stocks to buy now. If you want to learn more about large cap stocks, then head on over to 12 Best Large Cap Stocks To Buy Now.

5. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Investors in Q2 2023: 92

The Walt Disney Company (NYSE:DIS) is one of the biggest entertainment and media services providers in the world. An iconic brand, it appears to be facing troubles in adapting to the technology era, as The Walt Disney Company (NYSE:DIS)’s streaming services are facing tough competition. To make matters worse, activist investor Nelson Peltz has accumulated significant stakes in Disney with the aim of bringing change to the company.

During this year’s June quarter, 92 out of the 910 hedge funds polled by Insider Monkey had bought The Walt Disney Company (NYSE:DIS)’s shares. Ken Fisher’s Fisher Asset Management is the largest shareholder among these courtesy of its $580 million stake.

4. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Investors in Q2 2023: 93

ServiceNow, Inc. (NYSE:NOW) is a cloud computing company that provides enterprise grade products and services. Like Intuit, its management has also steered the ship well in today’s turbulent times, as the company has beaten analyst EPS estimates in all four of its latest quarters and solicited an average Strong Buy rating.

As of Q2 2023, 93 out of the 910 hedge funds tracked by Insider Monkey were the firm’s investors. ServiceNow, Inc. (NYSE:NOW)’s biggest hedge fund stakeholder is Rajiv Jain’s GQG Partners due to its $859 million investment.

3. Thermo Fisher Scientific Inc. (NYSE:TMO)

Number of Hedge Fund Investors in Q2 2023: 103

Thermo Fisher Scientific Inc. (NYSE:TMO) is an American healthcare company that provides products to drug makers and laboratories. The firm is currently expanding its technology portfolio and is seeking to acquire a proteonomics company.

After digging through 910 hedge funds for their second quarter of 2023 shareholdings, Insider Monkey discovered that 103 had held a stake in Thermo Fisher Scientific Inc. (NYSE:TMO). Out of these, the largest investor is Chris Hohn’s TCI Fund Management since it owns $1.6 billion worth of shares.

2. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Investors in Q2 2023: 112

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor designer that sells processors and graphic cards. The firm’s shares jumped by more than 10% in the week after its third quarter earnings, with some attributing the share price gain to CEO Lisa Su’s optimism about AMD’s AI chip, the MI300.

For their June quarter of 2023 shareholdings, 112 out of the 910 hedge funds tracked by Insider Monkey were the chip company’s investors. Advanced Micro Devices, Inc. (NASDAQ:AMD)’s biggest shareholder in our database is Ken Fisher’s Fisher Asset Management as it owns 26.9 million shares that are worth $3 billion.

1. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Investors in Q2 2023: 114

Netflix, Inc. (NASDAQ:NFLX) is one of the largest video streaming platform services providers in the world. The firm was out with a great announcement for investors in November 2023, when it revealed that its ad supporter tier has now reached 15 million subscribers for rapid annual growth.

114 out of the 910 hedge funds polled by Insider Monkey for their Q2 2023 investments had held a stake in Netflix, Inc. (NASDAQ:NFLX). Ken Fisher’s Fisher Asset Management owns the largest stake among these which is worth $1.7 billion.

Disclosure: None. You can also take a look at 25 Funny Prank Call Ideas for your Boyfriend and 12 Best Travel Stocks To Buy Right Now.

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