Earlier on October 28, Liz Myers, JPMorgan’s global chairman of investment banking and capital markets, joined ‘The Exchange’ on CNBC to discuss the state of initial public offerings. Recently, the IPO window had opened but was subsequently impacted by a government shutdown lasting 28 days. Myers asserted that, despite a brief pause, the IPO market had been really vibrant. She highlighted the notable breadth of companies going public, spanning a wide spectrum. On one end, she cited Circle and Bullish as high-profile companies that garnered broad retail and institutional interest. Conversely, in the industrial space, she mentioned Alliance Laundry as characterized by consistent, yet slower, growth that was receiving an equally good reception. In the middle of this spectrum, she placed high-growth small-cap companies and noted that they have also performed great.
The conversation returned to the government shutdown and how the shutdown thwarts the IPO process because the SEC is unable to process and approve IPOs. Given the limited remaining weeks in the year for companies to realistically price and go public, due to upcoming holidays, Myers explained that some companies had used a specific avenue to price their IPOs while the SEC is shut down. This process involves a 20-day period that can achieve automatic effectiveness if the company is willing to accept a little bit less flexibility in movements in your price range or size. She quantified this by stating that about 8 companies pursued this specific option, while the rest will either try to complete something by the end of the year or move their plans into the following year.
That being said, we’re here with a list of the 10 best new stocks to invest in.
Our Methodology
We first sifted through the Finviz stock screener to compile a list of new stocks that went public in the last 2 years. We then selected the 10 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q3 2025.
Note: All data was sourced on November 27.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10 Best New Stocks to Invest In
10. Netskope Inc. (NASDAQ:NTSK)
Number of Hedge Fund Holders: 44
Netskope Inc. (NASDAQ:NTSK) is one of the best new stocks to invest in. On November 18, Shaul Eyal of TD Cowen reiterated a $30 price target on the Netskope with a Buy rating on the shares. This position was initiated by TD Cowen the previous month as the firm believed that the company is well-positioned to disrupt a $150 billion TAM and sustain over 30% revenue growth in the longer term.
In other news, on the same day, Netskope announced the general availability of enterprise security and AI integrations with Microsoft (NASDAQ:MSFT). This expansion of their longstanding collaboration ensures that the seamless integration of Netskope One capabilities with Microsoft tools delivers flexibility for modern AI and cloud environments, significantly protecting Microsoft customers who seek to maximize their security posture.
The ongoing collaboration includes three major integrations that are now generally available. First is the Netskope One and Microsoft Purview Integration, which provides comprehensive Data Loss Prevention/DLP coverage and enforcement. Second, the Netskope One Advanced SSE for Microsoft Entra Global Secure Access/GSA is now generally available. Third, the Netskope CASB API for Microsoft 365 Copilot is also now generally available.
Netskope Inc. (NASDAQ:NTSK) is a cybersecurity company that provides security, networking, and analytics solutions to the largest enterprises to mid-sized companies worldwide.
9. StandardAero Inc. (NYSE:SARO)
Number of Hedge Fund Holders: 44
StandardAero Inc. (NYSE:SARO) is one of the best new stocks to invest in. On November 10, StandardAero broke ground on a ~70,000 square foot expansion to one of its facilities in Winnipeg, Manitoba. This investment in the company’s existing Winnipeg campus aims to increase capacity and drive faster turnaround times for MRO services on key commercial and military turbofan engines.
The Winnipeg facility provides full MRO support for the GE Aerospace CF34-3/8 and CFM International CFM56-7B engines, and the expansion will increase the building’s footprint by 40%. The expansion is focused on increasing the site’s capacity for the CF34-3/8 engine, which powers popular regional airliners such as the Embraer E175 and MHIRJ CRJ700.
It will also enable StandardAero to increase its work volume on the CFM56-7B engine, which is utilized by the Boeing 737 NG and its military variants, notably the P-8A Poseidon maritime patrol aircraft. This investment, which supports the facility’s 1,500 highly skilled employees and serves global commercial and military operators, is being undertaken in partnership with government entities, most notably the Manitoba provincial government, which is contributing $3 million toward the project.
StandardAero Inc. (NYSE:SARO) provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the US, Canada, the UK, the Rest of Europe, Asia, and internationally. It operates in two segments: Engine Services and Component Repair Services.
8. BrightSpring Health Services Inc. (NASDAQ:BTSG)
Number of Hedge Fund Holders: 48
BrightSpring Health Services Inc. (NASDAQ:BTSG) is one of the best new stocks to invest in. On November 13, BMO Capital initiated coverage of BrightSpring Health with an Outperform rating and $40 price target. BMO Capital maintains its three-year outlook for BrightSpring to achieve 12%+ EBITDA growth, driven by multiple factors. The firm anticipates a long-term opportunity for BrightSpring to secure additional limited distribution drug contracts and benefit from an increase in generic drug conversions.
Earlier in its Q3 2025 earnings report, BrightSpring Health Services announced that the total company revenue reached $3.3 billion, which marked a 28% increase year-over-year. Adjusted EBITDA grew even faster at 37%, totaling $160 million, driven by strength across all businesses. This performance resulted in an EBITDA margin of 4.8%, up 0.3% from both the prior year and the previous quarter, primarily due to disciplined operating expense management and a modest shift toward generics in the pharmacy mix.
Following this strong execution, management raised the full-year 2025 Adjusted EBITDA guidance range for the second time, now targeting $605 to $615 million, reflecting 31.5% to 33.7% growth over the full year 2024. Total revenue for 2025 is expected to be in the range of $12.5 to $12.8 billion
BrightSpring Health Services Inc. (NASDAQ:BTSG) operates as a home and community-based healthcare services platform in the US. It has segments: Pharmacy Solutions and Provider Services.
7. Centuri Holdings Inc. (NYSE:CTRI)
Number of Hedge Fund Holders: 49
Centuri Holdings Inc. (NYSE:CTRI) is one of the best new stocks to invest in. On November 19, Centuri Holdings announced that it had completed the acquisition of Connect Atlantic Utility Services Corporation/CAUS, Atlantic Canada’s leading electric utility services provider. The acquisition immediately establishes Centuri as a dual electric and gas services provider in Canada, complementing the gas distribution services already provided by its current Canadian subsidiary.
The company operates primarily in the Canadian Atlantic provinces, specifically Nova Scotia, New Brunswick, and Newfoundland and Labrador. The acquisition directly supports Centuri’s disciplined growth strategy by expanding its Canadian presence and market offerings, positioning the company as a key partner in supporting Canada’s evolving energy landscape.
This growth is driven by significant investment in electric grid modernization, system resiliency, and clean energy integration within the Canadian power market. Canada is expected to invest ~$2 trillion by 2050 to support its electricity-grid modernization and clean energy goals.
Centuri Holdings Inc. (NYSE:CTRI) operates as a utility infrastructure services company in North America. The company operates through 4 segments: US Gas Utility Services, Canadian Gas Utility Services, Union Electric Utility Services, and Non-Union Electric Utility Services.
6. Klarna Group (NYSE:KLAR)
Number of Hedge Fund Holders: 50
Klarna Group (NYSE:KLAR) is one of the best new stocks to invest in. On November 27, Klarna announced a new multi-market partnership with Lufthansa Group, Europe’s leading airline group. This agreement was facilitated by Klarna’s integration with Adyen, a financial technology platform. The collaboration reflects the growing global demand for smarter and more flexible ways to pay for travel. The stock tickers mentioned are KLAR and ADYEY.
Beginning in November, Lufthansa Group customers gained the ability to select Klarna’s flexible payment options at checkout when booking travel. The new integration provides travelers with greater control and convenience by offering them the choice to pay in full, pay later, or spread the cost of their journey over time.
The rollout started in mid-November across Lufthansa Group’s home markets and a selection of further important markets. The partnership is scheduled to expand across all Lufthansa Group Network Airlines by the end of Q2 2026. The partnership adds to Klarna’s growing portfolio of major travel brands.
Klarna Group (NYSE:KLAR) operates as a technology-driven payments company in the UK, the US, Germany, Sweden, and internationally.
5. Viking Holdings Ltd. (NYSE:VIK)
Number of Hedge Fund Holders: 51
Viking Holdings Ltd. (NYSE:VIK) is one of the best new stocks to invest in. On November 21, Jefferies analyst David Katz raised the firm’s price target on Viking Holdings to $60 from $59 with a Hold rating on the shares. This sentiment came after the company posted strong Q3 2025 financial results. Jefferies reports that initial projections for 2026 suggest strong performance in the Ocean and River segments for Viking Holdings. The company’s capital strategy remains unchanged, prioritizing ROI in growth over immediate capital returns.
In Q3, Viking Holdings made a revenue of $2.00 billion, which rose by 19.12% from the year-ago period and also surpassed guidance by $5.53 million. The company achieved its highest-ever quarterly Adjusted EBITDA of $704 million, marking a 26.9% year-over-year increase and resulting in an adjusted EBITDA margin of 52.8%. Net income reached $514 million, an improvement of $135 million compared to the same quarter in 2024. This performance translated to an Adjusted EPS of $1.20, which was up 33.2%.
Advanced bookings for 2025 totaled $5.6 billion, which is 21% higher than in 2024. Bookings for 2026 were already substantial at $4.9 billion, 14% higher than 2025’s booking value at the same time last year. This strong demand led to high utilization, with 96% of 2025 capacity and 70% of 2026 capacity already sold.
Viking Holdings Ltd. (NYSE:VIK) engages in the passenger shipping and other forms of passenger transport in North America, the UK, and internationally. It operates through the River and Ocean segments.
4. Rubrik Inc. (NYSE:RBRK)
Number of Hedge Fund Holders: 52
Rubrik Inc. (NYSE:RBRK) is one of the best new stocks to invest in. On November 18, Berenberg analyst Rahul Chopra initiated coverage of Rubrik with a Buy rating and $114 price target. This decision was made as Berenberg initiated coverage on the cybersecurity sector, Rubrik among other top picks. Berenberg believes that Rubrik offers the most direct exposure to the data explosion and AI themes, driven by strong data-based upselling.
Earlier in its Q3 2025 earnings report, Rubrik disclosed surpassing $1 billion in subscription ARR, which represented a 38% year-over-year growth. Subscription revenue specifically saw a 55% year-over-year increase to reach over $221 million. The company demonstrated strong customer loyalty and expansion with a subscription net retention rate remaining above 120%. Rubrik made a total of $309.86 million in quarterly revenue, which was up 51.19% year-over-year.
However, the company made a loss per share of $0.03 in this quarter, although this beat Street estimates by $0.31. Despite the strong top-line performance, the company anticipates near-term pressures. Rubrik expects a non-GAAP EPS in the range of negative $0.41 to negative $0.37 for Q4.
Rubrik Inc. (NYSE:RBRK) provides data security solutions to individuals and businesses worldwide.
3. Sandisk Corporation (NASDAQ:SNDK)
Number of Hedge Fund Holders: 61
Sandisk Corporation (NASDAQ:SNDK) is one of the best new stocks to invest in. On November 24, Morgan Stanley raised the firm’s price target on SanDisk to $273 from $263 and kept an Overweight rating on the shares. This sentiment was posted amid concerns regarding increased capital spending and the potential easing of supply shortages that led to a selloff in memory stocks.
However, Morgan Stanley contends that this market reaction is unwarranted and does not impact the firm’s fundamental, positive view of the overall sector. The firm argues that reports indicating a tightening supply of memory chips actually point toward very strong earnings for these companies in the near future.
Earlier in the same month, SanDisk Corporation announced a strong financial performance for FQ1 2026 earnings, where the company achieved a record revenue of $2.3 billion, a sequential increase of 21% and a year-over-year rise of 23%. Non-GAAP EPS saw a jump to $1.22, up from $0.29 in the prior quarter. The company also reduced Inventory Days from 135 to 115. The company now projects revenue to be between $2.55 and $2.65 billion in FQ2.
Sandisk Corporation (NASDAQ:SNDK) develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the US, Europe, the Middle East, Africa, Asia, and internationally.
2. Amer Sports Inc. (NYSE:AS)
Number of Hedge Fund Holders: 63
Amer Sports Inc. (NYSE:AS) is one of the best new stocks to invest in. On November 19, UBS raised the firm’s price target on Amer Sports to $54 from $52 and kept a Buy rating on the shares. The firm noted the growth prospects of Amer Sports’ brands, particularly Arc’teryx and Salomon, due to the company’s positive Q3 2025 earnings report, which surpassed expectations and led the company to raise its guidance. UBS forecasts a 32% EPS CAGR over the next 5 years.
In Q3 2025, Amer Sports’ revenue surged 30% year-over-year to total $1.76 billion. This number surpassed Street expectations by $29.35 million. This performance fueled improvements in profitability, with the adjusted gross margin increasing by 2.4% to reach 57.9%. The adjusted operating margin also expanded by 1.3% to 15.7% for the quarter.
Consequently, adjusted net income climbed to $185 million, which was a significant increase from $71 million in the prior year period, resulting in adjusted diluted EPS of $0.33, up from $0.14 last year. The EPS was $0.08 higher than guidance. The company’s growth was broad-based across segments and geographies. DTC sales skyrocketed by 51%, led by the Solomon brand in Greater China and the APAC region. Segment-wise, Technical Apparel revenue (led by Arc’teryx) increased 31% to $683 million.
Amer Sports Inc. (NYSE:AS) designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories internationally. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.
1. GE Vernova Inc. (NYSE:GEV)
Number of Hedge Fund Holders: 108
GE Vernova Inc. (NYSE:GEV) is one of the best new stocks to invest in. On November 19, GE Vernova announced its first onshore wind repower upgrade agreement outside the US, signing a contract with Taiwan Power Company/TPC to supply 25 repower upgrade kits in Taiwan. This international contract builds upon GE Vernova’s established track record of repowering over 6,000 wind turbines in the US.
Under the agreement, GE Vernova will provide repower upgrade kits for 25 GE Vernova 1.5 MW-70.5m turbines and will also deliver a five-year O&M services package. This order was formally booked in Q3 2025. The initial components for the upgrade are scheduled for delivery in Q4 2025, with the actual retrofit installation process slated to take place throughout 2026 and 2027.
Wind repowering is a process that modernizes turbines nearing the end of their designed operational life, returning them to service with improved reliability and performance. By extending the asset life beyond its original design, this project will help TPC continue generating affordable, renewable electricity while maximizing its existing infrastructure.
GE Vernova Inc. (NYSE:GEV) is an energy company that provides various products and services that generate, transfer, orchestrate, convert, and store electricity in the US, Europe, Asia, the Americas, the Middle East, and Africa.
While we acknowledge the potential of GEV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GEV and that has 100x upside potential, check out our report about this cheapest AI stock.
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