In this piece, we will look at the stocks Jim Cramer discussed.
In his latest appearance on CNBC’s Squawk on the Street, Jim Cramer discussed the S&P 500 index’s concentration and the fact that 38% of the index consisted of big technology firms and a handful of other companies. Instead of agreeing with the view that this concentration was risky, Cramer pointed out that investors had the option to sell when the concentration was at lower percentages. He pointed out that the big firms tend to mark share price gains simply due to announcements, while other firms, despite their popular products, can go as far as to experience share price drops:
“Just to go back, another, I talked about this with club members this weekend, 38% of the S&P is now made of these stocks. And somehow that’s supposed to be, something bad? I mean you could have sold these when it was 20, 25, percent, 30, 35. It just doesn’t matter. These are the companies, that in the end, go up when they make an announcement. And a really great company like Kimberly-Clark, which never goes down, and Cleenex is a verb, noun, everything, David, goes down when they merge with a very good group of brands.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on November 3rd
For these stocks, we also mentioned the number of hedge fund investors. 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).
11. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders In Q2 2025: 235
OpenAI and Amazon.com, Inc. (NASDAQ:AMZN) created waves in the media after the former announced a $38 billion cloud deal for the latter’s cloud computing business. Cramer has regularly discussed the cloud business, called AWS, and in this appearance, he marveled at how the AWS narrative had shifted within a week:
“[On OpenAI’s Amazon deal] Five days ago Amazon was considered to be a, an also ran. That, Amazon Web Services was no longer, pitiful of a giant basically, versus everybody else. And now suddenly we discover, not only that after that great quarter that they just reported, where AWS was actually growing, 17 after 20 percent, well let’s just take the growth rate even up. David, this stuff is happening so fast, OpenAI is everywhere, there is an amazing Brad Gerstner, terrific interview with Sam Altman, Satya Nadella where. . .
“But did you notice the change in narrative from Amazon, they emphasized, over and over again, their own chip, until last week, where they said, listen we have a lot NVIDIA and we have a lot of our own chip, and then this is all about NVIDIA. . .it’s almost as if they’re saying, we’ve got the power. . .so if you want to take it back a week, a lot of these companies [inaudible] to being troubled. I mean NVIDIA we were worried about China. Amazon we were worried that they weren’t spending enough. And then Web Services was slowing down. Canard, just wrong. I mean Amazon just completely refuted that. The fair haired child was Alphabet, Alphabet not mentioned today.”
10. Kimberly-Clark Corporation (NASDAQ:KMB)
Number of Hedge Fund Holders In Q2 2025: 42
Along with OpenAI’s Amazon deal, Kimberly-Clark Corporation (NASDAQ:KMB) also made headlines after it announced that it would acquire household and personal products company Kenvue for $48.7 billion. Cramer discussed Kimberly-Clark Corporation (NASDAQ:KMB)’s CEO and the rationale behind the deal:
“But I gotta tell you, I love this deal. Okay cause where Kimberly is strong, they’re not. China. Where they’re strong, Europe, Kimberly is not. Kimberly has an understanding in data which shows that Tylenol has not been hurt by any of the problems that the government’s talked about. Remember it’s also just about pregnant women. The lawsuits, that are [inaudible], talc, to Europe, because that was carved off from JNJ. They don’t the same kind of punitive laws over there. They don’t have the huge damages. So that looked bad, it was almost like a poison pill. But it’s not that bad.
“David, they got attacked pretty heavily by Starboard, I know they had three members in the board. . .I mean to me, this is a company that should be, if it weren’t for the fact of RFK, the stock would be at 21, 22.
“They feel like they’re buying, they’re buying this gigantic legal hornet’s nest. And I come back and say that Mike Hsu, who by the way has a very good balance sheet at Kimberly’s, who’s done a lot of right things, had to really undo a lot of stuff, is getting an opportunity to become a much bigger company at a much lower price.
“I happen to think that, they walked me through this deal and I feel great about this deal if only just because they knew that their stock was going to get hit. They didn’t like think, well wait a second, our stock is going to trade up today. They said, listen, it’s going to be a long haul. But they’re creating something which is going to be much bigger that what the street likes right now. The street obviously doesn’t like Kimberly.
“I do think that you have Kimberly-Clark is becoming, suddenly it’s got that line of products that I love. We forget that these are amazing products, everybody has them at home. Your whole bathroom is filled with that stuff. . . .I like the deal. . boy I gotta tell you, I never thought I’d see it this cheap. Kimberly-Clark is one of the greatest brand names of all time and you’re seeing it at a price that basically rolls back years and years and years. I like Mike Shu, I think Mike Shu’s trying to make this company into a great growth company again. And he had to get rid of a lot of things, a lot of mistakes were made. The contracts that they had. The worst thing was that they were making, if you go to Costco’s, they were making Costco’s Kirkland Signature product competing against their own at a fraction of the price. I mean who does that, you can buy ours which we make and charge a dollar or you can buy theirs which we make and they charge 80 cents. I mean, Mike came in and he said, I gotta get out of these deals. They had to undo a lot of dumb things. Dumb.”
9. Kenvue Inc. (NYSE:KVUE)
Number of Hedge Fund Holders In Q2 2025: 72
Personal healthcare products provider Kenvue Inc. (NYSE:KVUE) has been in the news for one reason or another recently. The firm faced turmoil on the stock market in September after President Trump raised concerns about Tylenol’s link to autism. Yesterday, Kenvue Inc. (NYSE:KVUE) was in the news again after Kimberly-Clark announced that it would buy the firm for $48.7 billion. Cramer pointed out the benefits of the deal:
“But I gotta tell you, I love this deal. Okay cause where Kimberly is strong, they’re not. China. Where they’re strong, Europe, Kimberly is not. Kimberly has an understanding in data which shows that Tylenol has not been hurt by any of the problems that the government’s talked about. Remember it’s also just about pregnant women. The lawsuits, that are [inaudible], talc, to Europe, because that was carved off from JNJ. They don’t the same kind of punitive laws over there. They don’t have the huge damages. So that looked bad, it was almost like a poison pill. But it’s not that bad.”
8. The Procter & Gamble Company (NYSE:PG)
Number of Hedge Fund Holders In Q2 2025: 88
The Procter & Gamble Company (NYSE:PG) is one of the largest consumer goods companies in the world. In his previous comments, Cramer has called the firm one of “the best” consumer packaged goods companies in the world. The CNBC TV host believes that The Procter & Gamble Company (NYSE:PG) is well run, which is reflected through investments in innovation and advertising. In this episode, he commented on the firm in the context of Kimberly-Clark announcing its $48.7 billion acquisition of Kenvue. Given that the new entity will compete in the same industry as The Procter & Gamble Company (NYSE:PG), Cramer’s co-host Carl Quintanilla wondered why the shares were not suffering from the prospect of more competition. The stock closed the day 1.6% lower, and in this appearance, Cramer remarked that Kimerly’s CEO, Mike Shu, might shake things up:
“[On how the shares weren’t suffering from the prospect of more competition] No, Proctor, look Proctor’s, Proctor’s a juggernaut but I think that they haven’t met Mike Shu.”
7. Eaton Corporation plc (NYSE:ETN)
Number of Hedge Fund Holders In Q2 2025: 74
Eaton Corporation plc (NYSE:ETN) is an industrial equipment company that provides power management and delivery products. The firm shook things up yesterday after it announced that it would spend $9.5 billion to buy Boyd Corp’s thermal business from Goldman Sachs Asset Management. Cramer discussed how the deal provides Eaton Corporation plc (NYSE:ETN) with exposure to the data center sector:
“Yeah now here’s 9.5 billion dollar deal that probably won’t mean that much initially to people. Eaton which is a power management company, very big in the data center, is buying Boyd Corporation. This is the Boyd Thermal business of Boyd Corporation, from Goldman Sachs. Now thermal cooling is what’s needed, in order to be able to make it so that your data center doesn’t overheat. A lot of people felt that initially you needed the kind of air cooled. This is liquid cooled. And liquid cooled is very, very important in terms of the next generation. Stock’s going to go up on this because this gives them an even deeper footprint within the data center, which we know from Eaton this morning. Is just the ultimate, I don’t know it’s the greatest construction story every told.
“Boyd Thermal forecasted sales of 1.7 billion for 2026 of which 1.5 billion is in liquid cooling. Liquid cooling is going to be in the data center. So that is very good news for Eaton, it’s much better than. . .it’s a really well run company, go buy Eaton, a big charitable trust position, I feel great about it.”
6. Qnity Electronics, Inc. (NYSE:Q)
Number of Hedge Fund Holders In Q2 2025: N/A
Qnity Electronics, Inc. (NYSE:Q) rang the bell yesterday after it completed its spinoff from chemicals giant DuPont. The firm caters to the needs of the semiconductor industry by providing packaging solutions, lithography materials, nanowire technologies, and thermal management materials. Cramer used Qnity Electronics, Inc. (NYSE:Q) as an example of how money in the market was moving towards firms with exposure to semiconductors. After interviewing the firm’s CEO, he also revealed that he was keeping the stock for his charitable trust:
“Look who we’re going to be speaking to. We’re speaking to Qnity. That’s a DuPont spinoff. I’ve owned, we’ve owned DuPont forever for the trust. And I’ve been saying that this thing is the greatest thing. No one has cared at all about it, until today. Cause they discover, wow, it’s packaging and it’s materials for high end semiconductors. It just keeps coming back. Carl it’s just, it’s an ineluctable magnet of capital and it just sucks everything else. And it just sucks out the money.
“Jon Kemp is the CEO of Qnity Electronics. We are keeping our stock for the charitable trust and we are going to buy more because we think it is 15 points too inexpensive.”
5. Colgate-Palmolive Company (NYSE:CL)
Number of Hedge Fund Holders In Q2 2025: 59
Colgate-Palmolive Company (NYSE:CL) is a personal care products firm. A major brand, it factored into the discussion as Cramer discussed how the market was rewarding AI and data center-focused stocks at the expense of others. He used Colgate-Palmolive Company (NYSE:CL) as an example of a firm that traded at a premium but was now struggling to build a growth narrative. The CNBC TV host wondered whether an acquisition could inject fresh life into Colgate-Palmolive Company (NYSE:CL)’s affairs:
“Here’s the best way to look at it. Let’s on the one hand, look at, a company, Nebius. You get like a CoreWeave, right. These companies didn’t exist that long ago and now suddenly they’re just flying right there look at that. now take a look at the stock of Colgate, okay. Colgate always traded at a premium, typically between 25 and 26 times earnings. Look at that. That’s because it doesn’t have much growth. So that has to buy somebody. They have to. Maybe they buy Haleon. They have to buy people to get growth.”
4. Berkshire Hathaway Inc. (NYSE:BRK-B)
Number of Hedge Fund Holders In Q2 2025: 133
Cramer discussed Berkshire Hathaway Inc. (NYSE:BRK-B) after the firm announced that it sold more stocks than it bought. The CNBC TV host discussed the firm again after having done so last week, after a rare downgrade of its stock. He commented on Berkshire Hathaway Inc. (NYSE:BRK-B)’s $382 billion cash stockpile, Warren Buffett’s trading, the firm’s insurance business, and its railroad strategy:
“[On selling more than they bought and cash at $382 billion] Look I thought he went out of the high, I mean this was not, this is, obviously this last quarter [inaudible]. But they have a lot of cash I will tell you. I was worried about GEICO, I was wrong, GEICO had a good quarter. They’re a terrific company that is not a data center company but the best acquisition they ever had was Apple.
“Theoretically. . .I thought they should have bought CSX but that didn’t happen.
“Look there will be one company that has a lot of cash if Sam Altman is not right about his, just go ahead and short this.”
3. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q2 2025: 235
AI GPU designer NVIDIA Corporation (NASDAQ:NVDA) has been in the news lately after President Trump’s meeting with Chinese Premier Xi Jinping. The firm’s CEO, Jensen Huang, has discussed his firm’s business in China, and the President recently clarified that he would ensure that NVIDIA Corporation (NASDAQ:NVDA)’s latest AI chips were not sold in China. Cramer discussed the remarks after co-host Carl Quintanilla mentioned a Loop Capital report for the firm:
“[On Loop Capital setting a $350 price target and saying 73% upside would take you to $8.5 trillion and calling it a golden age of AI] Look there’s been some misinterpretation of what the President said. He did say that NVIDIA is going to do business with China which is important, just not necessarily sell them the greatest Blackwell.”
Recently, Cramer discussed the impact of big tech’s spending on NVIDIA Corporation (NASDAQ:NVDA):
“By the way, when Meta spends that money, you better believe that a ton of it goes to Nvidia. So talk about guilt by association. If Meta stock is going to get punished for spending money at Nvidia, then a lot of money managers will assume it’s time to sell Nvidia, the $5 trillion monster. I disagree. And I do, I worry about what the president’s going to do with China and Nvidia, of course. Hey, if you’re an Nvidia-holic as I am, you bet I’m worried.”
2. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders In Q2 2025: 260
Meta Platforms, Inc. (NASDAQ:META)’s latest earnings report saw its shares fall as investors were worried about the firm’s plans to increase capital spending in 2026. However, Cramer went against the broader sentiment and discussed CEO Mark Zuckerberg’s potential strategy in detail. The CNBC TV host posited that the Meta Platforms, Inc. (NASDAQ:META) CEO might be trying to ensure that his firm’s social media moat is fortified against any attempts of encroachment from OpenAI. He also outlined that he had bought the shares for his trust around the time of Meta Platforms, Inc. (NASDAQ:META)’s IPO, and despite recent jitters, he remained a believer in the firm. This time, he briefly commented on the firm in the context of big tech’s AI capital expenditures and defended Meta Platforms, Inc. (NASDAQ:META)’s spending, along with recommending the stock:
“Last week there was a kind of a revulsion towards the companies that are spending too much on capex. With Meta, I think Meta does have to spend all that, still a good buy.”
1. Reddit, Inc. (NYSE:RDDT)
Number of Hedge Fund Holders In Q2 2025: 74
Social media platform Reddit, Inc. (NYSE:RDDT) continues to be one of Cramer’s favorite stocks. In this appearance, he used the stock as an example of one that could benefit from AI-related tailwinds despite not having an aggressive capital expenditure strategy:
“But what if you want to buy the one that is not spending, had to spend a lot, but is going to be a winner. It’s going to be Reddit. Reddit had a great quarter and I think now Reddit is going to be able to have the single best training platform for anybody. And Steve Huffman has not even begun to monetize that aspect of Reddit. This is the third largest site, Carl, people are not paying attention. It is worth far more than 40 billion dollars. And I just think people have own it.
“I wish I owned it for the trust, I did not get in. [When asked why] No I just, because I talk about it so much, I’ve not been able to buy, but I really, really like this company. It’s a way to be able to pay the anti capex.
“Everyone’s gonna have to trade on Reddit. Theye’re, a lot of them are already. But it’s got this really kind of very true group of people who write and are very honest. And I just find for, when it comes marketing purposes, it’s the most targeted ad that you could ever have.”
“Look I know that I want to have, the data that Mark Zuckerberg has, right. They have great data. But I want the data that Reddit has. And I really want to advertise on Reddit. Because I’m gonna cut out all the clutter. And by the way, Steve Huffman would tell you listen we have 92% but they’re charging so much less than everybody else you can get a great deal with the people. Every drug company should be looking at those different sites because unfortunately every illness has its own silo and that’s where they should place their ad rather than on 60 Minutes.”
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