Top 10 Stocks in the S&P 500 by Index Weight Right Now

In this piece, we will take a look at the top ten stocks in the S&P 500 by index weight right now. If you want to learn more about the latest news for the flagship stock index, check out Top 25 Stocks in the S&P 500 by Index Weight Right Now.

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

ETF Weight: 1.29%

JPMorgan Chase & Co. (NYSE:JPM) is the biggest bank in the world in terms of net assets. It was dealt a setback in April 2024 when a Russian court ordered the seizure of $440 million of funds related to a legal battle.

During December 2023, 103 out of the 933 hedge funds surveyed by Insider Monkey had bought JPMorgan Chase & Co. (NYSE:JPM)’s shares. Ken Fisher’s Fisher Asset Management was the biggest stakeholder, owning $2 billion worth of shares.

9. Eli Lilly and Company (NYSE:LLY)

ETF Weight: 1.36%

Eli Lilly and Company (NYSE:LLY) is one of the biggest pharmaceutical companies in the world. The firm’s first quarter financials saw it miss analyst revenue estimates, but sales from its GLP-1 weight loss drugs jumped by 26% annually and stood at a cool $2 billion.

As of Q4 2023 end, 102 out of the 933 hedge funds tracked by Insider Monkey were the firm’s shareholders. Eli Lilly and Company (NYSE:LLY) ‘s largest hedge fund investor is Ken Fisher’s Fisher Asset Management due to its $2.6 billion stake.

8. Broadcom Inc. (NASDAQ:AVGO)

ETF Weight: 1.37%

Broadcom Inc. (NASDAQ:AVGO) is an American semiconductor firm that designs and sells connectivity chips. The shares are rated Buy on average, and the average analyst share price target is  $1,422.

91 out of the 933 hedge funds profiled by Insider Monkey had bought Broadcom Inc. (NASDAQ:AVGO)’s shares as of December 2023. Ken Fisher’s Fisher Asset Management owned the biggest stake which was worth $2.3 billion.

7. Berkshire Hathaway Inc. (NYSE:BRK-B)

ETF Weight: 1.69%

Berkshire Hathaway Inc. (NYSE:BRK-B) is one of the biggest investment holding companies in the world. Run by Warren Buffett, its utility holding is facing a massive $30 billion fine in the wake of wildfires.

After digging through 933 hedge funds for their fourth quarter of 2023 shareholdings, Insider Monkey found that 117 had invested in the firm. Berkshire Hathaway Inc. (NYSE:BRK-A)’s largest investor in our database is Michael Larson’s Bill & Melinda Gates Foundation Trust through its $7.1 billion investment.

6. Alphabet Inc. (NASDAQ:GOOG)

ETF Weight: 1.93%

Alphabet Inc. (NASDAQ:GOOG) is an American technology company headquartered in Mountain View, California. A rather scandalous report in April 2024 shared that its AI talent is on Apple’s radar, with the former having poached several Google employees.

During 2023’s December quarter, 166 out of the 933 hedge funds part of Insider Monkey’s database were Alphabet Inc. (NASDAQ:GOOG)’s shareholders. Ken Fisher’s Fisher Asset Management owned the biggest stake which was worth $6.3 billion.

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

ETF Weight: 2.22%

Meta Platforms, Inc. (NASDAQ:META) is the holding company for Facebook, Instagram, and WhatsApp. After a weak first quarter earnings report that sent the stock tumbling, its troubles appear to be far from over as the EU has opened a new investigation into the firm.

For their shareholdings during last year’s December quarter, 242 out of the 933 hedge funds tracked by Insider Monkey had bought and owned the firm’s shares. Rajiv Jain’s GQG Partners is Meta Platforms, Inc. (NASDAQ:META) largest stakeholder among these due to its $3.9 billion investment.

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

ETF Weight: 3.85%

Amazon.com, Inc. (NASDAQ:AMZN) is one of the biggest eCommerce retailers in the world. The firm is another highly rated S&P 500 stock, as the shares are rated Strong Buy on average and the average analyst share price target is $212.71.

After digging through 933 hedge fund portfolios for their fourth quarter of 2023 investments, Insider Monkey found that 293 were Amazon.com, Inc. (NASDAQ:AMZN)’s shareholders. Ken Fisher’s Fisher Asset Management owned the biggest stake which was worth $6.3 billion.

3. NVIDIA Corporation (NASDAQ:NVDA)

ETF Weight: 5.04%

NVIDIA Corporation (NASDAQ:NVDA) is the world’s leading GPU designer and seller. Morgan Stanley’s Joseph Moore was out with a bullish prediction for the firm in April 2024 when he shared that the stock could soar to $1,000 over the next 12 months.

During last year’s final quarter, 173 out of the 933 hedge funds covered by Insider Monkey’s research had invested in the firm. Rajiv Jain’s GQG Partners was the largest shareholder through its $6.8 billion investment.

2. Apple Inc. (NASDAQ:AAPL)

ETF Weight: 5.86%

Apple Inc. (NASDAQ:AAPL) is the American personal computing giant based in Cupertino, California. The shares are rated Buy on average, and the average analyst share price target is $198.

For their fourth quarter of 2023 shareholdings, 131 out of the 933 hedge funds profiled by Insider Monkey were Apple Inc. (NASDAQ:AAPL)’s investors. Warren Buffett’s Berkshire Hathaway owned the biggest stake which was worth $174 billion.

1. Microsoft Corporation (NASDAQ:MSFT)

ETF Weight: 6.95%

Microsoft Corporation (NASDAQ:MSFT) is a software and cloud computing firm based in Redmond, Washington. It and AI protege OpenAI were sued by US publishers in April 2024 for using the publishers’ work to train AI models.

As of  Q4 2023 end, 302 out of the 933 hedge funds part of Insider Monkey’s database had invested in the firm. Microsoft Corporation (NASDAQ:MSFT)’s largest stakeholder is Michael Larson’s Bill & Melinda Gates Foundation Trust through its $14.3 billion investment.

Disclosure: None. You can also take a look at the Top 10 Artificial Intelligence (AI) SEO Tools in 2024 and 20 Countries That Produce the Most Gold in the World.

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