10 Large-Cap Stocks to Buy According to Matthew Tewksbury’s Stevens Capital

Published November 8, 2021 at 4:48 am EST Updated August 19, 2026 at 5:38 am EDT

In this article, we discuss the 10 large-cap stocks to buy according to Matthew Tewksbury’s Stevens Capital based on Q2 holdings of the fund.

Matthew S. Tewksbury created Pennsylvania-based Stevens Capital Management in 2002. Stevens Capital is owned by Adams Holdings, LLC, a financial services holding firm. Adams Holdings is owned by Matthew Tewksbury and his family, making him the hedge fund’s indirect owner.

Stevens Capital’s 13F public stock portfolio of the second quarter was valued at $341.48 million.

Stevens Capital owns major investments in prominent firms such as Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), and Amazon.com, Inc. (NASDAQ:AMZN) as of the second quarter.

In Apple Inc., Stevens Capital owns 100,715 shares. The huge investment covers an impressive 4.03% of the fund’s portfolio. On October 19, DA Davidson analyst Tom Forte raised his price target on Apple Inc. to $175 from $167 and kept a “Buy” rating on the shares.

Another notable stock in Matthew Tewksbury’s portfolio is Microsoft Corporation. The investor owns an $11.76 million stake in the company. On October 21, Citi analyst Tyler Radke lowered his price target on Microsoft Corporation to $384 from $411 and maintained a “Buy” rating on the shares.

Matthew Tewksbury’s is also bullish on Amazon.com, Inc.. He increased his stake in the company by 378% in the second quarter, ending the period with 4,811 shares of the company, worth $16.55 billion. In October, Credit Suisse analyst Stephen Ju lowered his price target on Amazon.com, Inc. to $4,200 from $4,700 and reiterated an “Outperform” rating on the shares.

10 Large-Cap Stocks to Buy According to Matthew Tewksbury's Stevens Capital

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With this background in mind, let’s start our list of 10 large-cap stocks to buy according to Matthew Tewksbury’s Stevens Capital. We used Tweksbury’s 13F portfolio for Q2 2021 for this analysis.

Large-Cap Stocks to Buy According to Matthew Tewksbury’s Stevens Capital

10. Starbucks Corporation (NASDAQ:SBUX)

Stevens Capital Stake Value: $5,623,000

Percentage of Stevens Capital’s 13F Portfolio: 1.64%

Number of Hedge Fund Holders: 63

Starbucks Corporation (NASDAQ:SBUX) is a specialty coffee roaster, marketer, and retailer worldwide. Analysts are bullish on Starbucks Corporation. On October 11, BofA analyst Sara Senatore restored coverage on Starbucks Corporation. She rated the stock as “Buy” and gave a price target of $135.

Matthew Tewksbury’s Stevens Capital currently holds 50,288 shares of Starbucks Corporation that amount to $5.62 million.

Polen Capital, an investment management firm, in its second-quarter 2021 investor letter, mentioned Starbucks Corporation. Here is what the fund said:

“For Starbucks, we believe the underlying businesses for the company remain strong. Starbucks has grappled with the impact of the pandemic, but results have continued to show an ongoing post-pandemic recovery.”

9. Walmart Inc. (NYSE:WMT)

Stevens Capital Stake Value: $6,951,000

Percentage of Stevens Capital’s 13F Portfolio: 2.03%

Number of Hedge Fund Holders: 71

Walmart Inc. (NYSE:WMT) runs retail, wholesale, and other businesses worldwide. Walmart was added to Goldman Sachs’ Conviction List on October 18, and analyst Kate McShane reiterated a “Buy” rating on the stock and increased her price target to $196, up from $184.

According to the latest data, Stevens Capital owned 28,999 shares of Walmart Inc. worth more than $10.08 million in the second quarter of 2021, representing 2.95% of the fund’s holdings data.

ClearBridge Investments, in its second-quarter 2021 investor letter, mentioned Walmart Inc.. Here is what the fund said:

“The pandemic has created challenges for businesses large and small; one major challenge for large essential retailers such as ClearBridge holdings Home Depot, Walmart and Costco has been ensuring adequate staffing to meet demand under trying conditions. All three instituted enhanced pay practices during the pandemic, with raises, unplanned bonuses and other benefits helping compensate employees for their efforts in a difficult environment. In September 2020 Walmart raised wages for 165,000 employees, including a number of entry positions to $15 an hour. It followed this in February with a raise for 425,000 workers that moved its average pay above $15 an hour.”

8. Facebook, Inc. (NASDAQ:FB)

Stevens Capital Stake Value: $10,083,000

Percentage of Stevens Capital’s 13F Portfolio: 2.95%

Number of Hedge Fund Holders: 266

Facebook, Inc. (NASDAQ:FB) controls three of the world’s six most popular social media platforms: WhatsApp, Instagram, and, of course, Facebook itself, with 2.9 billion monthly active users. Matthew Tewksbury’s Stevens Capital currently owns 28,999 shares of Facebook, Inc. worth $10.08 million. Facebook occupies 2.95% of the hedge fund’s overall equity.

At the end of the second quarter of 2021, 266 hedge funds in the database of Insider Monkey held stakes worth $42.35 billion in Facebook, Inc., up from 257 the preceding quarter worth $40.97 billion.

Apple Inc., Microsoft Corporation, and Amazon.com, Inc., are some of the large-cap stocks to buy according to Matthew Tewksbury’s Stevens Capital, along with Facebook, Inc..

In its third-quarter 2021 investor letter, Wedgewood Partners mentioned Facebook, Inc.. Here is what the fund said:

“Facebook detracted from performance despite posting a staggering +56% growth in advertising revenues. Much of the stock’s underperformance was driven by nonoperating concerns that we view as mostly political in nature. The company’s digital properties command a massive audience of over 2.7 billion daily users, so any government or state actor would be able to wield tremendous power by controlling that audience and it should not be a surprise when those actors attempt to do that. However, Facebook has invested aggressively in its content curation capabilities that address many of the concerns raised by media and political critics. We continue to carry Facebook at our maximum weighting as the stock is trading in line with a market multiple despite unrivaled competitive positioning and rapid growth, representing one of the best risk-rewards available in the market.”

7. PayPal Holdings, Inc. (NASDAQ:PYPL)

Stevens Capital Stake Value: $10,407,000

Percentage of Stevens Capital’s 13F Portfolio: 3.04%

Number of Hedge Fund Holders: 143

PayPal Holdings, Inc. (NASDAQ:PYPL), a technology platform and digital payments corporation, ranks seventh on the list of 10 large-cap stocks to buy according to Matthew Tewksbury’s Stevens Capital. Clients of PayPal Holdings, Inc. have access to a wider choice of digital banking tools. PayPal said in September that it is working on a new integrated app with high-yield savings, in-app purchasing possibilities with cashback incentives, early access direct deposit, and bill pay.

According to 13F filings, Stevens Capital owned 35,705 shares in PayPal Holdings, Inc. worth over $10.41 million at the end of the second quarter of 2021, representing 3.04% of the portfolio of the fund.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Locust Wood Capital Advisers is a leading shareholder in PayPal Holdings, Inc. with 146,178 shares worth more than $38.04 million.

Polen Capital, an investment management firm, in its third-quarter 2021 investor letter, mentioned PayPal Holdings, Inc.. Here is what the fund said:

“Despite reporting solid earnings results, PayPal moved lower during the quarter. We believe the decline was primarily due to the company reporting near-term growth headwinds from the remainder of its eBay payment volumes, which have declined faster than expected. Our expectations included PayPal’s payment volumes from eBay declining rapidly, and much more importantly in our view, the fast-paced growth of the rest of PayPal’s payment volumes. This growth has been due to the increased adoption of its digital wallets (PayPal and Venmo) and checkout buttons. The shift to digital payments and e-commerce are significant tailwinds for PayPal. The pandemic further catalyzed these tailwinds, and we believe the move to digital payments is here to stay.”

6. Netflix, Inc. (NASDAQ:NFLX)

Stevens Capital Stake Value: $11,598,000

Percentage of Stevens Capital’s 13F Portfolio: 3.39%

Number of Hedge Fund Holders: 113

Netflix, Inc. (NASDAQ:NFLX) offers entertainment services. It has a diverse selection of TV programs, documentaries, and feature films in various genres and languages. Netflix, Inc. added 222.06 million paid memberships in the third quarter, easily surpassing the consensus of 221.2 million.

Matthew Tewksbury’s Stevens Capital holds 21,958 shares of Netflix, Inc. worth $11.60 million, according to publicly accessible data. The hedge fund increased its stake in the firm by 160% in the second quarter of 2021. On October 20, Cowen analyst John Blackledge raised his price target on Netflix, Inc. to $750 from $650 and maintained an “Outperform” rating on the shares.

In second quarter of 2021, 113 hedge funds out of the 873 tracked by Insider Monkey held stakes in Netflix, Inc., worth $13.22 billion, compared to 110 hedge funds in the first quarter, with a total value of approximately $14.16 billion.

Just like Apple Inc., Microsoft Corporation, and Amazon.com, Inc., Netflix, Inc. is one of the large-cap stocks to buy according to Matthew Tewksbury’s Stevens Capital.

Polen Capital, an investment management firm, in its second-quarter 2021 investor letter, mentioned Netflix, Inc.. Here is what the fund said:

“For Netflix, we believe the underlying businesses for the company remain strong. With Netflix, we anticipate content spending to moderate as subscriber growth continues, which we believe should result in attractive double-digit earnings and cashflow growth over the next five years and beyond.”

5. Microsoft Corporation (NASDAQ:MSFT)

Stevens Capital Stake Value: $11,760,000
Percentage of Stevens Capital’s 13F Portfolio: 3.44%
Number of Hedge Fund Holders: 238

Microsoft Corporation, a global tech company based in the United States, has a bullish outlook from the analysts. On October 25, KeyBanc analyst Michael Turits boosted Microsoft’s (NASDAQ: MSFT) price objective to $365.00 (from $342.00) while maintaining an “Overweight” rating.

Microsoft Corporation is the latest addition to Matthew Tweksbury’s portfolio, with Stevens Capital purchasing 43,410 shares for $11.76 million.

Microsoft Corporation stands fifth on the list of 10 large-cap stocks to buy according to Matthew Tewksbury’s Stevens Capital. Stephen J. Errico’s Locust Wood Capital Advisers is the most significant stakeholder of the company, with 225,703 shares worth $63.63 million.

In its second quarter of 2021 investor letter, Baron Opportunity Fund mentioned Microsoft Corporation. Here is what the fund said:

“Shares of Microsoft Corporation, a cloud-software leader and provider of software productivity tools and infrastructure, rose during the quarter following a strong earnings report highlighting solid demand for its broad product stack and continued momentum migrating its business to the cloud. Microsoft was a top contributor in the period because it trades at reasonable free cash flow and earnings valuations, has cloud and digital transformation tailwinds at its back, reported a solid March quarter, and beat Street expectations by a wide margin. Microsoft’s results continued to be strong across the board, with Azure cloud computing revenues up 46% in constantcurrency (“cc”) terms and commercial cloud bookings growth of 38% cc, the best in years. Microsoft also reported robust profitability growth, with operating income expanding 31% and GAAP earnings up 45%. We believe the company is well positioned for continued solid growth and profitability through market share gains as more companies look to transform and digitize their businesses as they move operations to the cloud.”

4. Apple Inc. (NASDAQ:AAPL)

Stevens Capital Stake Value: $13,794,000
Percentage of Stevens Capital’s 13F Portfolio: 4.03%
Number of Hedge Fund Holders: 138

Apple Inc. designs, manufactures, and sells smartphones, laptops, tablets, wearables, and accessories, as well as several other products and services. Due to ongoing component shortages in the semiconductor industry, Apple Inc. has lowered its iPhone 13 production objectives for this year.

Stevens Capital holds 100,715 shares in Apple Inc. worth over $13.79 million, representing 4.03% of its portfolio. The hedge fund’s stake in the stock increased by 68% in the second quarter, latest data reveals. DA Davidson analyst Tom Forte raised Apple Inc.’s price objective to $175 from $167 on October 19, maintaining his “Buy” recommendation on the company. According to the analyst, the outbreak has benefitted the company’s goods, with consumers buying more computers and tablets after being forced to work and learn remotely.

Shares of Apple Inc. surged 29.24% in the past 12 months, and the company ranks fourth on the list of 10 large-cap stocks to buy according to Matthew Tewksbury’s Stevens Capital. In addition, in the second quarter, hedge fund sentiment improved for Apple Inc.. According to data from Insider Monkey, 138 elite hedge funds had shares in the company at the end of the second quarter, up from 127 the previous quarter.

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

Stevens Capital Stake Value: $16,551,000
Percentage of Stevens Capital’s 13F Portfolio: 4.84%
Number of Hedge Fund Holders: 271

On October 22, Credit Suisse analyst Stephen Ju lowered his price target on the iconic online shopping giant Amazon.com, Inc. to $4,200 from $4,700 and kept an “Outperform” rating on the shares. His lower prediction assumes higher fulfillment and shipping costs for the remainder of 2021 and into 2022. The hedge fund chaired by Matthew Tewksbury holds 4,811 shares in Amazon.com, Inc., worth over $16.55 million.

Worm Capital LLC, an investment management firm, in its third-quarter 2021 investor letter, mentioned Amazon.com, Inc.. Here is what the fund said:

“Our core portfolio as of this writing—TSLA, SPOT, SHOP, ABNB, and AMZN—are all premier examples of companies that use the concept of aggregation of marginal gains to continuously improve their value proposition for customers. After all, what is innovation if not just a continuous search for fractional advantages in business?

Amazon, for instance, accumulates marginal gains by compressing their costs year after year for consumers, creating an infrastructure and logistics network unrivaled by its peers. In the short-term, the market can often misunderstand the intentions of the “marginal gain accumulators,” but over time, their value-creation becomes obvious in hindsight.”

2. Tesla, Inc. (NASDAQ:TSLA)

Stevens Capital Stake Value: $17,128,000
Percentage of Stevens Capital’s 13F Portfolio: 5.01%
Number of Hedge Fund Holders: 60

Tesla, Inc. (NASDAQ:TSLA) develops, produces, and sells electric automobiles and the batteries that power them, and was co-founded by acclaimed inventor and entrepreneur Elon Musk in 2003. RBC Capital analyst Joseph Spak raised his price target on Tesla, Inc. to $800 from $755 on October 21, but maintained his “Sector Perform” rating on the stock following the company’s third-quarter results beat.

Matthew Tewksbury’s Stevens Capital raised its position in Tesla, Inc. by 228% to 25,200 shares in the second quarter, accounting for over 5.01% of the overall portfolio. In the third quarter of 2021, Tesla, Inc. had an EPS of $1.86, beating estimates by $0.25. In addition, the company’s revenue clocked in at $13.76 billion, surpassing the forecast by $60 million.

The shares of Tesla, Inc. have shown an impressive performance over the last 12 months, gaining 116.45% in value. The company ranks second on the list of 10 large-cap stocks to buy according to Matthew Tewksbury’s Stevens Capital. However, Tesla, Inc. saw a decrease in hedge fund sentiment recently. The number of long hedge fund positions declined to 60 at the end of the second quarter compared to 62 positions in the previous quarter.

In its third-quarter 2021 investor letter, Worm Capital LLC mentioned Tesla, Inc.. Here is what the fund said:

“Our core portfolio as of this writing—TSLA, SPOT, SHOP, ABNB, and AMZN—are all premier examples of companies that use the concept of aggregation of marginal gains to continuously improve their value proposition for customers. After all, what is innovation if not just a continuous search for fractional advantages in business?

The way we see it, Tesla is perhaps the generational example of the marginal gain aggregation theory. It’s also been our largest position for several years now. There are many ways to characterize and value this business (see previous letters for longform write-ups), but perhaps the best way to think about the company is that it is a highly vertically-integrated software and hardware firm that’s devoted entirely to aggregating marginal gains across its organization. The goal? Lower costs, improve thruputs, and dramatically enhance the value proposition—at scale—for consumers…” (Click here to see the full text).

1. CME Group Inc. (NASDAQ:CME)

Stevens Capital Stake Value: $17,698,000
Percentage of Stevens Capital’s 13F Portfolio: 5.18%
Number of Hedge Fund Holders: 62

CME Group Inc. (NASDAQ:CME), which runs contract markets for trading futures and options on futures contracts worldwide, stands first on the list of 10 large-cap stocks to buy according to Matthew Tewksbury’s Stevens Capital.

Matthew Tewksbury’s Stevens Capital increased its hold in CME Group Inc. by 11% in the second quarter, ending the period with 83,213 shares of the company. The fund has a $17.70 million stake in the company. Overall, 62 hedge funds in Insider Monkey’s database of 873 funds are bullish on the company. On October 14, CME Group Inc. was upgraded at Atlantic Equities to “Overweight” from “Neutral” with a price target of $230.

In August, CME Group Inc. announced a quarterly dividend of $0.90 per share, in line with the previous. GuardCap Asset Management is the company’s leading shareholder, with $798.77 million stake in CME Group Inc..

Cooper Investors, an investment management firm, in its first-quarter 2021 investor letter, mentioned CME Group Inc.. Here is what the fund said:

“CME has been owned by the portfolio for five years. CME’s strategic positioning as a monopolistic global financial exchange operator will continue to afford the business a highly attractive margin profile. CME is well managed however we can no longer identify clear value latency opportunities for the management team to execute against and so decided to exit our position.”

You can also take a peek at 15 Best Short Squeeze Stocks To Buy Now and Top 10 Stocks to Buy According to Charles Pollnow’s Triple Frond Partners

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