On Tuesday, July 29, US stocks closed lower as investors reacted to earnings reports and economic data, while also preparing for the Federal Reserve’s interest rate decision coming on Wednesday.
The S&P 500 ended its six-day winning streak, closing down about 0.3%. The tech-heavy Nasdaq Composite dropped 0.38% while the Dow Jones Industrial Average fell 0.46%.
Although the Federal Reserve is expected to hold interest rates steady, investors are carefully looking for any signs of economic weakness that might justify rate cuts later in the year.
Additionally, US negotiators wrapped up trade talks with China on Tuesday. Negotiators said that any decision regarding a potential extension of a pause on higher China tariffs would need to be approved by President Donald Trump.
With this background in mind, let’s take a look at the 12 most owned stocks by hedge funds so far in 2025.
A senior executive looking up at a large boardroom filled with the stocks their company manages.
Our Methodology
To compile our list of the 12 most owned stocks by hedge funds so far in 2025, we looked for stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey’s Q1 2025 database of 1,000 elite hedge funds. The 12 most owned stocks by hedge funds so far in 2025 are ranked in ascending order based on the number of hedge funds holding stakes in them as of Q1 2025.
Why do we care about what hedge funds do? 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).
12 Most Owned Stocks by Hedge Funds So Far in 2025
12. Uber Technologies, Inc. (NYSE:UBER)
Number of Hedge Fund Holders: 145
Uber Technologies, Inc. (NYSE:UBER) is one of the most owned stocks by hedge funds so far in 2025. On July 24, Piper Sandler increased its price target on Uber Technologies, Inc. (NYSE:UBER) from $95 to $103 while keeping an “Overweight” rating.
The research firm expects the company to report $46.5 billion in Gross Bookings and $2.1 billion in EBITDA in Q2 2025, both in line with broader market projections.
The research firm also raised its forecasts for Uber Technologies, Inc.’s (NYSE:UBER) 2026 Gross Bookings and EBITDA by about 1% each. This indicates growing confidence in the company’s long-term performance.
Piper Sandler highlighted consumer resilience as a positive sign for the company. The firm also noted that foreign exchange rates are serving as a tailwind for Uber Technologies, Inc. (NYSE:UBER).
Additionally, the research firm noted Uber Technologies, Inc.’s (NYSE:UBER) efforts focused on affordability, which could help the company attract and retain customers in competitive markets.
Uber Technologies, Inc. (NYSE:UBER) is a global transportation technology company focused on ride-hailing services, courier services, food delivery, and freight transport.
11. Netflix, Inc. (NASDAQ:NFLX)
Number of Hedge Fund Holders: 150
Netflix, Inc. (NASDAQ:NFLX) is one of the most owned stocks by hedge funds so far in 2025. On July 18, Jefferies increased its price target for Netflix, Inc. (NASDAQ:NFLX) from $1,400 to $1,500 while keeping a Buy rating after the company reported its second-quarter results for 2025.
The investment firm noted that Netflix, Inc. (NASDAQ:NFLX) delivered a solid performance with 17% foreign exchange-neutral revenue growth compared to the previous year. This is also slightly up from 16% in the first quarter.
Netflix, Inc.’s (NASDAQ:NFLX) management also increased the company’s guidance for operating income growth in 2025 to 30%, up from the previous forecast of 29%.
Jefferies noted that revenue growth reached 15% in the US and Canada, up from the previous 9%. This suggests that despite recent increases in price, customer churn has been limited.
The investment firm believes Netflix, Inc. (NASDAQ:NFLX) can keep growing its earnings per share by more than 20% over the next three to five years.
Netflix, Inc. (NASDAQ:NFLX) is a global entertainment company that provides streaming services. It provides a wide variety of TV series, films, and games.
10. Mastercard Incorporated (NYSE:MA)
Number of Hedge Fund Holders: 155
Mastercard Incorporated (NYSE:MA) is one of the most owned stocks by hedge funds so far in 2025. On July 15, Morgan Stanley reiterated an “Overweight” rating on Mastercard Incorporated (NYSE:MA) with a price target of $639.
This decision came after the company’s information session, which was held on July 14. This session focused on Mastercard Incorporated’s (NYSE:MA) strategy and role in agentic commerce and stablecoins.
According to Morgan Stanley, the management’s commentary during the session supported the view that Mastercard Incorporated (NYSE:MA) can benefit from agentic commerce and stablecoin adoption with limited risk to the company’s main card business.
The research firm pointed out that Mastercard Incorporated (NYSE:MA) can offer key services like scale, acceptance, authentication, and security solutions to support these new payment technologies.
Morgan Stanley sees the new payment services as an extra opportunity for Mastercard Incorporated (NYSE:MA) to grow. The firm also believes that any disruption to existing card payments will likely be small.
Mastercard Incorporated (NYSE:MA) is an American multinational payment card services corporation that provides transaction processing and payment-related products and services to individuals, businesses, and organizations around the world.
9. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders: 158
Broadcom Inc. (NASDAQ:AVGO) is one of the most owned stocks by hedge funds so far in 2025. On July 15, Mizuho increased its price target for Broadcom Inc. (NASDAQ:AVGO) from $315 to $329 and kept an “Outperform” rating.
This decision came after the Trump administration announced, as part of ongoing trade talks, that NVIDIA and other AI accelerator companies could resume shipping AI GPUs to China.
Mizuho highlighted that this development could put Broadcom Inc.’s (NASDAQ:AVGO) ASIC “back on the table” for ByteDance, which could lead to higher earnings. The research firm believes that US companies are re-entering a market worth about $50 billion.
Broadcom Inc. (NASDAQ:AVGO) is an American multinational technology company that designs, develops, and supplies a wide range of semiconductor, enterprise software, and security solutions.
8. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 159
Apple Inc. (NASDAQ:AAPL) is one of the most owned stocks by hedge funds so far in 2025. On July 22, UBS reiterated its “Neutral” rating on Apple Inc. (NASDAQ:AAPL) with a price target of $210.
The analyst from UBS, David Vogt, noted that there was a significant drop in iPhone demand in June after two strong months of sales. In June, iPhone sales dropped 18% compared to the same period last year.
The analyst believes that the earlier strong performance was because consumers were concerned about potential iPhone price increases due to tariffs.
Even with the slowdown in June, UBS estimates that Apple Inc. (NASDAQ:AAPL) sold about 45 million iPhone units in the June quarter, which represents an increase of 3.4% year-over-year. This figure is about 1.5 million units higher than the previous estimate by UBS.
The research firm pointed out that the weaker US dollar during the quarter should help provide a slight tailwind to Apple Inc.’s (NASDAQ:AAPL) revenue.
UBS slightly increased its estimates for Apple Inc.’s (NASDAQ:AAPL) June quarter but lowered its forecast for the September quarter because of “likely iPhone softness” that is anticipated to be “below seasonal” after the earlier demand pull-forward.
Apple Inc. (NASDAQ:AAPL) is an American multinational technology company that is known for its products like the iPhone, iPad, and Mac computers.
7. Visa Inc. (NYSE:V)
Number of Hedge Fund Holders: 165
Visa Inc. (NYSE:V) is one of the most owned stocks by hedge funds so far in 2025. On July 29, Visa Inc.’s (NYSE:V) board of directors announced that the company will pay a quarterly cash dividend of $0.590 for each share of class A common stock. This dividend is payable on September 2, 2025, to shareholders of record as of August 12, 2025.
Additionally, in the third quarter of its fiscal year 2025, ending June 30, Visa Inc. (NYSE:V) repurchased about 14 million shares of its class A common stock. The company paid an average of $349.24 for each share and spent a total of $4.8 billion.
As of June 30, Visa Inc. (NYSE:V) still had $29.8 billion left in authorized funds for share repurchases.
Visa Inc. (NYSE:V) is an American multinational digital payments company that offers a variety of payment products and payment processing to facilitate electronic payments in more than 200 countries and territories.
6. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Number of Hedge Fund Holders: 187
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the most owned stocks by hedge funds. On July 17, Barclays increased its price target for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) from $249 to $275 while keeping an “Overweight” rating.
This change came after Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) reported Q2 2205 results that beat expectations.
The financial firm highlighted strength across all divisions of the company and noted some pull-in from consumer-exposed segments.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) increased its full-year guidance, which Barclays took as a sign that AI demand is strong. The company’s management also indicated that they are working to increase supply to meet the stronger AI demand.
Gross margins were within the company’s guidance range. However, according to Barclays, margins would have beaten guidance if adjusted for foreign exchange effects.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Taiwanese multinational semiconductor contract manufacturing and design company. It manufactures, packages, and tests integrated circuits for a range of industries.
5. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 212
NVIDIA Corporation (NASDAQ:NVDA) is one of the most owned stocks by hedge funds. On July 15, Mizuho increased its price target for NVIDIA Corporation (NASDAQ:NVDA) from $185 to $192 and kept an “Outperform” rating.
This decision came after the Trump administration announced that NVIDIA Corporation (NASDAQ:NVDA) and other GPU makers could resume GPU shipments to China as part of ongoing trade talks.
Mizuho sees this development as a big win for NVIDIA Corporation (NASDAQ:NVDA). The company had previously expected an $8 billion revenue impact in the July quarter because of shipment restrictions to China.
The firm noted that key Chinese customers like ByteDance and Tencent are already applying for licenses to get NVIDIA Corporation’s (NASDAQ:NVDA) H20 chips, which shows early positive signs from the new shipment rules. Mizuho believes that the US companies, including NVIDIA Corporation (NASDAQ:NVDA), are regaining access to a $50 billion market.
NVIDIA Corporation (NASDAQ:NVDA) is an American multinational technology company that is known for its graphics processing units (GPUs), AI hardware and software, and high-performance computing (HPC) solutions.
4. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders (GOOGL): 227
Number of Hedge Fund Holders (GOOG): 164
Alphabet Inc. (NASDAQ:GOOGL) is one of the most owned stocks by hedge funds. On July 24, Truist Securities increased its price target for Alphabet Inc. (NASDAQ:GOOGL) from $200 to $225 while keeping a “Buy” rating.
This decision came after what Truist analysts see as a “solid execution across the board” in Alphabet Inc.’s (NASDAQ:GOOGL) Q2 2025 results. The company reported impressive growth in Search, YouTube, and Cloud services. The firm also noted that rising competition in AI and macroeconomic uncertainty did not seem to negatively affect the company’s performance.
Truist Securities highlighted increased user engagement and ad monetization from Alphabet Inc.’s (NASDAQ:GOOGL) AI-powered search features and YouTube Shorts. The firm expects these trends to continue in the second half of 2025.
The research firm pointed out that Alphabet Inc. (NASDAQ:GOOGL) remains a leader in AI technology. Truist analysts believe that AI will expand the total addressable market for Search and Cloud services, which can fuel long-term growth for the company and help drive its stock price higher.
Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology company and the parent company of Google. The company’s products include Search, Ads, Chrome, Cloud, YouTube, and Android.
3. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders: 273
Meta Platforms, Inc. (NASDAQ:META) is one of the most owned stocks by hedge funds. On July 15, Citi maintained its “Buy” rating on Meta Platforms, Inc. (NASDAQ:META) with a price target of $803. The firm believes that the company has “multiple growth catalysts ahead.”
Analyst Ronald Josey called Meta Platforms, Inc. (NASDAQ:META) a “Top-Pick.” Citi’s tracking data shows that the Instagram Sponsored Reels ad load dropped by 100 basis points from Q1 2025 to 24.9% in Q2 2025. This is the first time the ad load declined since Citi started tracking this metric in June 2022. Despite this decline, it is still up 340 basis points compared to Q2 2024.
Citi believes this quarterly decline in ad load can be attributed to Meta Platforms, Inc.’s (NASDAQ:META) new AI advertising tools that deliver more relevant and personalized ads. These AI tools, including Andromeda, GEM, Lattice, and Sequence Learning, can improve ad conversion rates. This makes the ads more effective.
Citi noted that Meta Platforms, Inc. (NASDAQ:META) is “well positioned to deliver better than expected results.” The firm also mentioned a growing online advertising market as a factor supporting the company’s growth.
Meta Platforms, Inc. (NASDAQ:META) is an American multinational technology company that owns and operates social media platforms and communication services, including Facebook, Instagram, Threads, Messenger, and WhatsApp.
2. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 284
Microsoft Corporation (NASDAQ:MSFT) is one of the most owned stocks by hedge funds. On July 22, Citi increased its price target on Microsoft Corporation (NASDAQ:MSFT) from $605 to $613 while keeping a Buy rating.
The research firm expects “another strong quarter of positive revisions and upside to Q4+Q1 Azure numbers” for Microsoft Corporation’s (NASDAQ:MSFT) fiscal year 2025 fourth-quarter results. Citi’s reseller survey indicated some of the best growth and quota attainment performances in more than four years.
According to the research note, partner checks also found strength in Microsoft Corporation’s (NASDAQ:MSFT) CoPilot and Dynamics offerings. Citi had already increased its forecast for Azure in mid-June, but has now increased its estimates again.
Citi expects Microsoft Corporation’s (NASDAQ:MSFT) Azure growth in fiscal year 2026 to be about three percentage points higher than the consensus estimates.
Microsoft Corporation (NASDAQ:MSFT) is one of the firm’s top picks in its sector thanks to its AI exposure, strong business model, and long-term pricing and margin power that Citi sees as “nearly unmatched in enterprise software.”
Microsoft Corporation (NASDAQ:MSFT) is an American technology company that develops and markets software, services, and hardware. It also specializes in AI-powered cloud, productivity, and business solutions.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 328
Amazon.com, Inc. (NASDAQ:AMZN) is one of the most owned stocks by hedge funds. On July 22, BMO Capital increased its price target for Amazon.com, Inc. (NASDAQ:AMZN) from $233 to $270 while keeping an “Outperform” rating.
The firm sees strong potential for Amazon.com, Inc. (NASDAQ:AMZN) mainly because it expects growth in Amazon Web Services (AWS) in the second half of 2025. BMO believes that agentic capabilities are still underappreciated by the market. BMO analysts raised the firm’s AWS estimates as they expect these agentic capabilities to significantly improve efficiency.
Amazon.com, Inc.’s (NASDAQ:AMZN) extended Prime Day and foreign exchange factors led the financial firm to increase its forecast for the company’s 2025 Gross Merchandise Value (GMV) by 130 basis points. BMO’s proprietary channel checks showed mid-teens growth in GMV compared to the same four-day period last year. Average selling prices remained steady even with tariffs.
The research note also pointed out that Amazon.com, Inc.’s (NASDAQ:AMZN) same-day delivery coverage has increased 17% compared to last year. This expansion makes it easier for customers to order more frequently and helps the company earn more free cash flow from its retail segment.
Amazon.com, Inc. (NASDAQ:AMZN) is a technology company that specializes in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence.
While we acknowledge the potential of AMZN as an investment, 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 AMZN and that has a 100x upside potential, check out our report about this cheapest AI stock.
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