Kevin O’Leary’s Stock Portfolio: 5 Stock Picks for 2024

Published May 7, 2024 at 11:01 am EDT Updated May 7, 2024 at 11:11 am EDT

Headquartered in New York, Visa Inc. (NYSE:V) provides digital payment solutions, encompassing credit, debit, prepaid cards, click-to-pay services, and more. Operating in over 200 countries and territories, the company facilitated more than 283 billion payment transactions in 2023 alone.

With a track record of dividend increases spanning 15 years, Visa Inc. boasts a 5-year average dividend growth rate exceeding 16%. This is a key factor driving Kevin O’Leary’s substantial investment in the company. As of April 25, the stock’s dividend yield stood at 0.77%.

Insider Monkey’s analysis of hedge fund portfolios for the fourth quarter of 2023 revealed that 162 out of 933 funds had acquired and maintained holdings in Visa Inc.. TCI Fund Management, led by Chris Hohn, held the largest stake valued at $4.3 billion.

4. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 63

Based in New York, Verizon Communications Inc. (NYSE:VZ) serves as an integrated telecommunications services provider, offering a diverse array of communication, technology, information, and entertainment products and services.

In the fourth quarter of the previous year, Insider Monkey’s analysis of 933 hedge fund portfolios revealed that 63 had acquired and retained shares of Verizon Communications Inc.. Among these hedge funds, Arrowstreet Capital, led by Peter Rathjens, Bruce Clarke, and John Campbell, emerged as the largest investor, boasting a stake valued at $948 million.

Ariel Global Fund stated the following regarding Verizon Communications Inc. in its fourth quarter 2023 investor letter:

“Global communications and technology leader, Verizon Communications Inc. (NYSE:VZ) also traded higher in the period following solid earnings results, highlighted by postpaid consumer net additions and an upward revision to free cash flow guidance. From a competitive and financial standpoint, we view Verizon to be among one of the best positioned telecoms in the world. The company’s solid long-term fundamentals are underscored by its predictable, recurring revenue streams and ~7% dividend yield. At current levels, Verizon is trading near an all-time low valuation presenting a compelling total return story for patient investors.”

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 131

Apple Inc. (NASDAQ:AAPL) stands as a prominent tech giant and is among Kevin O’Leary’s top stock picks. Headquartered in Cupertino, California, the company is renowned for its flagship iPhone, iPad, and Mac products.

On March 5, investment advisory firm Wedbush reaffirmed an Outperform rating on Apple Inc. stock, setting a price target of $250.

Insider Monkey’s analysis of 933 hedge fund holdings for the December quarter of 2023 revealed that 131 had held a stake in the firm. Apple Inc.’s largest shareholder is Warren Buffett’s Berkshire Hathaway, boasting a $174 billion investment in the company.

2. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 103

Based in New York City and incorporated in Delaware, JPMorgan Chase & Co. stands as a leading American multinational financial services corporation and the largest bank in the United States.

On March 19, the multinational investment banking company announced a 10% increase in its quarterly dividend to $1.15 per share. As of April 25, the stock’s dividend yield stood at 2.33%.

Insider Monkey’s Q4 2023 database, comprising 933 hedge funds, revealed that 103 had invested in JPMorgan Chase & Co.. Fisher Asset Management, led by Ken Fisher, emerged as the largest shareholder of the bank in their database, holding a stake valued at $2 billion.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 302

Microsoft Corporation (NASDAQ:MSFT), headquartered in Redmond, Washington, has been in operation since 1975, offering a wide range of hardware and software solutions to both businesses and consumers. Its product portfolio includes operating systems, commercial software, software development tools, video games, gaming gear, and cloud services.

On April 12, BMO Capital raised its price target on Microsoft Corporation to $465 from $455 while maintaining an Outperform rating on the shares. The firm expressed increasing confidence in the company’s sustainable growth potential, particularly highlighting its position in the gaming market.

Insider Monkey’s analysis of 933 hedge fund holdings for Q4 2023 revealed that Microsoft Corporation was held by 302 shareholders. Michael Larson’s Bill & Melinda Gates Foundation Trust emerged as the largest hedge fund shareholder, owning shares worth $14.3 billion.

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NYSE:V NYSE:VZ NYSE:JPM NASDAQ:AAPL NASDAQ:MSFT Visa Inc (NYSE:V)Apple Inc (NASDAQ:AAPL)JPMorgan Chase & Co. (NYSE:JPM)Microsoft Corporation (NASDAQ:MSFT)Verizon Communications Inc (NYSE:VZ)10 Best Multibagger Stocks To Buy Now Top 15 Cities Where Gen Z is Moving in the US Show more...Show less

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