5 Best Seasonal Stocks To Buy Now

In this piece, we will take a look at the five best seasonal stocks to buy now. If you want to learn more about seasonality and its impact on stock returns, then check out 12 Best Seasonal Stocks To Buy Now.

5. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Investors In Q3 2023: 112

Adobe Inc. (NASDAQ:ADBE) is a software company headquartered in San Jose, California. The firm is currently facing the heat from the European Commission which has raised questions about anti competitive outcomes from its bid to acquire a cloud based design company for a $20 billion price tag.

During this year’s third quarter, 112 out of the 910 hedge funds surveyed by Insider Monkey had held a stake in Adobe Inc. (NASDAQ:ADBE). Ken Fisher’s Fisher Asset Management was the firm’s largest shareholder as it owned 4.5 million shares that are worth $2.3 billion.

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Investors In Q3 2023: 134

Apple Inc. (NASDAQ:AAPL) is a consumer electronics giant. The last quarter of a calendar year is typically the firm’s strongest as it bathes in revenue after its annual smartphone upgrade. Apple Inc. (NASDAQ:AAPL)’s shares are rated Buy on average and analysts have set an average share price target of $198.

As of Q3 2023 end, 134 out of the 910 hedge funds profiled by Insider Monkey were the firm’s investors. Warren Buffett’s Berkshire Hathaway owned the biggest stake among these which was worth $156 billion.

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Investors In Q3 2023: 180

NVIDIA Corporation (NASDAQ:NVDA) is a semiconductor designer that has been in the news throughout 2023 because of its A.I. chips. The firm’s C.E.O., Jensen Huang, made headlines in November 2023 when he shared during a talk that it would take the U.S. two decades to achieve chip manufacturing independence.

For their third quarter of 2023 shareholdings, 180 out of the 910 hedge funds covered by Insider Monkey’s research had bought and owned NVIDIA Corporation (NASDAQ:NVDA)’s shares. Ken Fisher’s GQG Partners was the largest investor among these since it owned $6.1 billion worth of shares.

2. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Investors In Q3 2023: 286

Amazon.com, Inc. (NASDAQ:AMZN) is an American firm known best for its eCommerce platform. These days it’s heavily focusing on A.I., and in November it announced new artificial intelligence chips and a chatbot called Q.

Insider Monkey scoured through 910 hedge fund portfolios for their investments during this year’s September quarter and found that 286 were the firm’s investors. Amazon.com, Inc. (NASDAQ:AMZN)’s biggest hedge fund shareholder is Ken Fisher’s Fisher Asset Management courtesy of its $5.2 billion stake.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Investors In Q3 2023: 306

Microsoft Corporation (NASDAQ:MSFT) is a global technology company. The drama around its partnership with ChatGPT’s maker OpenAI refuses to die down, with the latest reports confirming that a new board at the firm will provide Microsoft Corporation (NASDAQ:MSFT) with an observer seat on the board.

During Q3 2023, 306 out of the 910 hedge funds part of Insider Monkey’s database had invested in Microsoft Corporation (NASDAQ:MSFT). Michael Larson’s Bill & Melinda Gates Foundation Trust was the largest investor as it held $12.4 billion worth of shares.

Disclosure: None. You can also take a look at Top 20 Leading Causes Of Death In The World and 13 Best Growth Stocks To Buy According To George Soros.

Follow Insider Monkey on Twitter