5 Best Quality Stocks To Buy Now

In this piece, we will take a look at the five best quality stocks to buy now. To find out what quality really means when it comes to stock analysis, you should check out 12 Best Quality Stocks To Buy Now.

5. Visa Inc. (NYSE:V)

Number of Hedge Fund Investors In Q3 2023: 167

Visa Inc. (NYSE:V) is a global financial technology and payment products provider. The firm’s shares are rated Strong Buy on average and analysts have set an average share price target of $252.86.

Insider Monkey dug through 910 hedge fund holdings for their Q3 2023 shareholdings and discovered that 167 had invested in Visa Inc. (NYSE:V). Chris Hohn’s TCI Fund Management owned the biggest stake among these which was worth $3.8 billion.

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Investors In Q3 2023: 180

NVIDIA Corporation (NASDAQ:NVDA) is the world’s leading GPU designer. The firm’s latest financial results were an interesting bunch of figures that saw it triple its revenue. However, the shares whipsawed in aftermarket trading as investors were uncertain about the impact of Chinese chip sanctions on NVIDIA’s Data Center business division.

During September 2023, 180 out of the 910 hedge funds profiled by Insider Monkey had held a stake in the company. NVIDIA Corporation (NASDAQ:NVDA)’s largest hedge fund shareholder is Rajiv Jain’s GQG Partners due to its $6.1 billion investment.

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Investors In Q3 2023: 221

Alphabet Inc. (NASDAQ:GOOGL) is a global technology behemoth with stakes in valuable businesses such as video streaming and search indexing. These days, the firm’s lucrative monopoly in the search engine arena is dead center of a court case that might very well lead to Google breaking up to allow others to compete

By the end of this year’s third quarter, 221 out of the 910 hedge funds part of Insider Monkey’s database had bought and owned Alphabet Inc. (NASDAQ:GOOGL)’s shares. The firm’s biggest investor in our database is Ken Fisher’s Fisher Asset Management since it owns 43.7 million shares that are worth $5.7 billion.

2. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Investors In Q3 2023: 234

Meta Platforms, Inc. (NASDAQ:META) is a technology company with social media and communications products. The firm faced a setback in November 2023 when a U.S. court ruled that the Federal Trade Commission is within its rights to reduce the money that Facebook can make from its underage users.

As of September 2023, 234 out of the 910 funds covered by Insider Monkey’s research had held a stake in the company. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is Meta Platforms, Inc. (NASDAQ:META)’s largest hedge fund shareholder due to its $3.4 billion stake.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Investors In Q3 2023: 306

Microsoft Corporation (NASDAQ:MSFT) is another big tech company that is known primarily for its Windows operating system. Amidst turmoil at its OpenAI business partner, Microsoft Corporation (NASDAQ:MSFT) should eagerly be watching a court case against Google that could open up market share for its search engine Bing.

306 out of the 910 hedge funds surveyed by Insider Monkey for their Q3 2023 investments had bought Microsoft Corporation (NASDAQ:MSFT)’s shares. Out of these, Michael Larson’s Bill & Melinda Gates Foundation Trust is the biggest investor since it owns $12.4 billion worth of shares.

Disclosure: None. You can also take a look at 11 Cheapest Stocks With Biggest Upside and 13 Best Nancy Pelosi Stocks To Buy Now.

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