5 Most Popular Retail Investor Stocks in 2024

In this piece, we will take a look at the five most popular retail investor stocks in 2024. If you want to learn more about some hot retail investor stocks then read 13 Most Popular Retail Investor Stocks in 2024.

5. Apple Inc. (NASDAQ:AAPL)

Number of Q4 2023 Hedge Fund Shareholders: 131

Apple Inc. (NASDAQ:AAPL) is the world’s most valuable consumer technology company. It came under the European Commission’s radar in April 2023 when the iPad’s operating system was required to adhere to gatekeeping laws to ensure a fair environment for all developers.

131 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had held a stake in Apple Inc. (NASDAQ:AAPL). Warren Buffett’s Berkshire Hathaway owned the biggest stake which was worth $174 billion.

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Q4 2023 Hedge Fund Shareholders: 173

NVIDIA Corporation (NASDAQ:NVDA) is a semiconductor designer also based out of Santa Clara, California. With April 2024 also proving to be an AI driven month on Wall Street, CEO Jensen Huang stressed that apart from technology, other industries such as healthcare can also benefit from his firm’s products.

For their December quarter of 2023 shareholdings, 173 out of the 933 hedge funds covered by Insider Monkey’s research were the firm’s shareholders. NVIDIA Corporation (NASDAQ:NVDA)’s largest hedge fund investor is Rajiv Jain’s GQG Partners as it holds a $6.8 billion billion stake.

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

Number of Q4 2023 Hedge Fund Shareholders: 242

Meta Platforms, Inc. (NASDAQ:META) is the holding company for Facebook, WhatsApp, and Instagram. Its shares underwent a bloodbath after the first quarter results reported in April 2024 as investors punished the firm for the high costs required to fuel AI growth.

As of December 2023 end, 242 out of the 933 hedge funds profiled by Insider Monkey were Meta Platforms, Inc. (NASDAQ:META) investors. Rajiv Jain’s GQG Partners owned the biggest stake which was worth $3.9 billion.

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

Number of Q4 2023 Hedge Fund Shareholders: 293

Amazon.com, Inc. (NASDAQ:AMZN) is a technology firm with a commanding presence in the lucrative eCommerce and cloud computing industries. Another favorite Wall Street stock pick, the shares are rated Strong Buy on average. The average share price target is $212.71.

During last year’s fourth quarter, 293 out of the 933 hedge funds surveyed by Insider Monkey had bought and owned the firm’s shares. Amazon.com, Inc. (NASDAQ:AMZN)’s largest hedge fund investor is Ken Fisher’s Fisher Asset Management as it owns $6.3 billion worth of shares.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Q4 2023 Hedge Fund Shareholders: 302

Microsoft Corporation (NASDAQ:MSFT) is the mega cap technology giant that is also at the forefront of the software end of the AI race. The firm’s AI protegee, OpenAI, scored a big win in April 2024 when it announced a deal with the Financial Times to train its models.

302 out of the 933 hedge funds covered by Insider Monkey’s Q4 2023 database were Microsoft Corporation (NASDAQ:MSFT)’s investors. Michael Larson’s Bill & Melinda Gates Foundation Trust was the biggest stakeholder through its $14.8 billion stake.

Disclosure: None. You can also take a look at the 10 Best Multibagger Stocks to Buy Now and 11 Oversold MidCap Stocks To Buy Now.

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