JP Morgan’s Top 5 Stock Picks for 2023

In this piece, we will take a look at JP Morgan’s top five stock picks for 2023. To find out how JPMorgan’s top stock picks have performed this year, read JP Morgan’s Top 15 Stock Picks for 2023.

5. UnitedHealth Group Incorporated (NYSE:UNH)

JPMorgan’s Q3 2023 Investment Value: $11.7 billion

UnitedHealth Group Incorporated (NYSE:UNH) is a healthcare coverage provider. Not only has the firm beaten analyst EPS estimates in all four of its latest quarters but analysts have also rated the stock as Strong Buy on average.

During June 2023, 111 out of the 910 hedge funds part of Insider Monkey’s database had bought and owned UnitedHealth Group Incorporated (NYSE:UNH)’s shares. As of September 2023, the largest shareholder was Rajiv Jain’s GQG Partners as it owned $1.6 billion worth of shares.

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

JPMorgan’s Q3 2023 Investment Value: $14.5 billion

Meta Platforms, Inc. (NASDAQ:META) is the biggest social media company in the world, primarily known for its social networking platform Facebook. The firm is widely believed to be one of the biggest beneficiaries of the AI revolution due to the massive amounts of data that it has at its disposal.

As of Q2 2023 end, 225 out of the 910 hedge funds profiled by Insider Monkey had held a stake in the company. Meta Platforms, Inc. (NASDAQ:META)’s biggest hedge fund investor in Q3 was Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital due to its $3.4 billion investment.

3. NVIDIA Corporation (NASDAQ:NVDA)

JPMorgan’s Q3 2023 Investment Value: $15.1 billion

NVIDIA Corporation (NASDAQ:NVDA) is a semiconductor designer that makes and sells GPUs. The firm beefed up its AI platform ahead of a crucial earnings release in November as it announced new networking technologies for AI server lineups.

By the end of this year’s second quarter, 175 out of the 910 hedge funds part of Insider Monkey’s database had invested in NVIDIA Corporation (NASDAQ:NVDA). In the following quarter, Rajiv Jain’s GQG Partners was the largest shareholder as it owned $6.1 billion worth of shares.

2. Apple Inc. (NASDAQ:AAPL)

JPMorgan’s Q3 2023 Investment Value: $22.5 billion

Apple Inc. (NASDAQ:AAPL) is the biggest consumer electronics and personal computing company in the world. These days, the firm might be in for some tough competition in China since Chinese tech giant Huawei has managed to equip phones with high end chips despite U.S. sanctions.

As of June 2023 end, 35 out of the 910 hedge funds profiled by Insider Monkey had bought the firm’s shares. Apple Inc. (NASDAQ:AAPL)’s biggest stakeholder in the third quarter was Warren Buffett’s Berkshire Hathaway courtesy of its $156 billion stake.

1. Microsoft Corporation (NASDAQ:MSFT)

JPMorgan’s Q3 2023 Investment Value: $36.8 billion

Microsoft Corporation (NASDAQ:MSFT) is a diversified technology company with a presence in enterprise and personal computing markets. Right now, anything that anyone can talk about when it comes to Microsoft Corporation (NASDAQ:MSFT) is the management shakeup at OpenAI which has seen OpenAI’s former CEO get fired and then join Microsoft within two days.

300 out of the 910 hedge funds part of Insider Monkey’s Q2 2023 database were Microsoft Corporation (NASDAQ:MSFT)’s investors. Michael Larson’s Bill & Melinda Gates Foundation Trust was the largest investor in Q3 through its $12.4 billion stake.

Disclosure: None. You can also take a look at 10 Best Stocks to Buy on the Dip for Long Term and Ray Dalio’s Latest 13F Portfolio: Top 15 Stocks.

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