Earlier on May 30, Siebert Financial CIO Mark Malek appeared on CNBC to discuss the tariff headwinds swirling around the markets and which sectors could then rise above the noise and continue to perform. The question posed to Malek was whether investors should maintain a long-term buy-and-hold strategy or become more responsive to daily headlines. Malek believes that the answer depends on the specific stocks and sectors and cannot be as straightforward.

However, he believes that sectors like tech and communications, which have driven the NASDAQ’s recent performance, are suitable for a Rip Van Winkle approach, which refers to long-term holding. He suggests that mid-to-long-term opportunities in these sectors will outweigh short-term news fluctuations and that these news cycles may even create opportunities for new investors to enter these markets.

Malek then discussed concerns about the market’s collective reliance on the AI trade, given that it appears to be the primary investment focus for many. He acknowledged this sentiment but countered that such a confluence of strong fundamentals, expanding markets, and new blue ocean opportunities is rare, occurring perhaps only 2 or 3 other times in history.

That being said, we’re here with a list of the 11 most profitable NASDAQ stocks to buy now.

Our Methodology

We sifted through the Finviz stock screener to compile a list of the top stocks with a forward P/E ratio under 15. We then selected 11 stocks with a TTM net income greater than $1 billion 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 Q1 2025.

Note: All data was recorded on June 13.

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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

11 Most Profitable NASDAQ Stocks to Buy Now

11. Arch Capital Group Ltd. (NASDAQ:ACGL)

TTM Net Income as of June 13: $3.77 billion

Forward P/E Ratio as of June 13: 11.93

Number of Hedge Fund Holders: 46

Arch Capital Group Ltd. (NASDAQ:ACGL) is one of the 11 most profitable NASDAQ stocks to buy now. On June 2, Arch Capital Group announced a strategic integration with Wilqo’s Charlie platform. This was done through the company’s subsidiary called Arch Mortgage Insurance Company (Arch MI). The partnership aims to streamline the mortgage lending process by incorporating Arch MI’s RateStar pricing directly into the Charlie platform.

The collaboration will enhance efficiency, reduce the time involved in closing mortgage applications, and facilitate faster homeownership for borrowers by consolidating previously disconnected processes. Will Vickers, Vice President of Industry Technology at Arch MI, highlighted that Arch MI is the first mortgage insurer to integrate directly with Wilqo’s Charlie platform.

Arch Capital Group’s stock price saw a 3% increase over the last quarter. The company’s total shareholder return over the past 5 years is a remarkable 180.36%. However, on an annual basis, Arch Capital underperformed both the US Insurance industry, which saw an 18.5% return, and the broader US market, which returned 11.5%.

Arch Capital Group Ltd. (NASDAQ:ACGL) provides insurance, reinsurance, and mortgage insurance products in the US, Canada, Bermuda, the UK, Europe, and Australia.

10. Huntington Bancshares Incorporated (NASDAQ:HBAN)

TTM Net Income as of June 13: $2.05 billion

Forward P/E Ratio as of June 13: 11.24

Number of Hedge Fund Holders: 47

Huntington Bancshares Incorporated (NASDAQ:HBAN) is one of the 11 most profitable NASDAQ stocks to buy now. Earlier in mid-May, Huntington Bancshares announced its expansion into Florida’s commercial banking sector. This move is part of the bank’s broader national growth strategy, following recent expansions in North Carolina, South Carolina, and Texas over the last 2 years.

Huntington’s Florida push will initially focus on providing middle-market services, with a new office established in Fort Lauderdale. To lead these efforts, Huntington has hired Josh Sheradsky as Senior Managing Director. Sheradsky brings 16 years of experience as a middle-market banker in South Florida.

Huntington’s commercial banking segment offers services to mid-sized corporate clients, such as lending, liquidity solutions, treasury management, payment services, and capital markets support. The teams adopt a relationship-based and insights-driven approach to provide holistic solutions. Additionally, the Florida team will aim to connect middle-market clients with Huntington’s other offerings, such as wealth management & investment banking.

Huntington Bancshares Incorporated (NASDAQ:HBAN) operates as the bank holding company for The Huntington National Bank, which provides commercial, consumer, and mortgage banking services.