In this article, we will look at the 12 Most Widely Held Stocks by Hedge Funds in 2025.
On December 17, Lori Calvasina, RBC Capital Markets head of U.S. equity strategy research, appeared on CNBC’s ‘Squawk Box’ to talk about expectations from markets and earnings in the coming year.
She expects 2026 to be a good year, and added that she wishes the 5% drawdown we experienced a month or so ago had been a little more substantial to remove more froth, as there is still “a lot of angst” out there. Despite the need to be vigilant on certain things, she expects 2026 to be a good year at the end of the day. Calvasina also stated that we are still seeing some good numbers if we look at the rate of upward revision. While they are not as strong as the summer, there are still some healthy moves there.
READ ALSO: 11 Most Profitable NYSE Stocks to Buy Right Now and 15 Best Long-Term Penny Stocks to Invest In.
Calvasina further stated that there is considerable angst regarding the AI trade, but people are more inclined towards the cheaper sectors, areas where AI could enhance productivity in the long run, such as healthcare. Therefore, according to her, while people are nervous and are in risk management mode, they are also thinking constructively.
With these trends in view, let’s look at the most widely held stocks by hedge funds in 2025
Our Methodology
We selected the top 12 stocks with the highest number of hedge fund holders as of Q3 2025, sourcing the hedge fund sentiment data from Insider Monkey’s database. The list is sorted in ascending order of hedge fund holders.
Note: All data was recorded on December 19.
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).
12 Most Widely Held Stocks by Hedge Funds in 2025
12. UnitedHealth Group Incorporated (NYSE:UNH)
Number of Hedge Fund Holders: 140
UnitedHealth Group Incorporated (NYSE:UNH) is one of the most widely held stocks by hedge funds in 2025. Reuters reported on December 19 that UnitedHealth Group Incorporated (NYSE:UNH) announced on Friday that audits of its health services and pharmacy benefit units conducted by outside consulting firms would lead to operational changes, including increased automation and standardization of internal processes.
UnitedHealth Group Incorporated (NYSE:UNH) CEO Stephen Hemsley stated that he committed to conducting a comprehensive examination of the key policies and processes within the company’s approaches to managed care practices and pharmacy benefits and services, and risk assessment, and told stakeholders in a letter sent on Friday that “the work is already well underway, adding that several action plans “have already been completed”, and that there are 23 such plans.
“Of the remaining actions, more than half will be finalized by the end of this year, and 100% will be finalized before the end of the first quarter next year,” he added.
Hemsley further stated in the letter that UnitedHealth Group Incorporated (NYSE:UNH) would share the results of the HouseCalls visit review in fiscal Q1 2026.
In a separate development, UnitedHealth Group Incorporated (NYSE:UNH) reported on December 18 that Optum Rx is continually modernizing the ways pharmacies are reimbursed for drugs, with three additional Pharmacy Services Administration Organizations (PSAOs), representing more than 17,000 community pharmacies, partnering with Optum Rx to employ cost-based contracts.
Management reported that the initiative marks the latest effort from Optum Rx to better support the role of community pharmacies, and that 100% of community and independent pharmacies in the Optum Rx network have shifted to the new reimbursement model.
UnitedHealth Group Incorporated (NYSE:UNH) provides healthcare coverage, data consultancy, and software services. It operates through the OptumRx, OptumInsight, OptumHealth, and UnitedHealthCare segments.
11. Uber Technologies, Inc. (NYSE:UBER)
Number of Hedge Fund Holders: 143
Uber Technologies, Inc. (NYSE:UBER) is one of the most widely held stocks by hedge funds in 2025. Uber Technologies, Inc. (NYSE:UBER) received a rating update from Wedbush analyst Scott Devitt on December 19, who slashed the price target on the stock to $78 from $84 and maintained a Neutral rating on the shares.
In addition, Bernstein analyst Nikhil Devnani reaffirmed a Buy rating on Uber Technologies, Inc. (NYSE:UBER) on December 18 and lifted the price target to $115.00 from $110.00. The analyst based the rating update on various factors, including the company’s strategic positioning in the developing autonomous vehicles landscape, growth outlook, and valuation.
Devnani noted that Uber Technologies, Inc. (NYSE:UBER) is trading at a discounted multiple compared to its earnings power despite competitive noise and increased headlines from peers like Tesla, Waymo, and Zoox, which points towards the market’s overreaction to near-term AV concerns.
He added that the long-term market is expected to paint a fragmented picture among AV players, a structure that Uber Technologies, Inc. (NYSE:UBER) can benefit from because of its platform scale and balance-sheet flexibility. This makes the recent pullback a favorable entry point for investors, according to the analyst.
Devnani further stated that while Uber Technologies, Inc.’s (NYSE:UBER) ongoing investments in its core Mobility and Delivery operations and autonomous vehicle partnerships may constrain incremental margins temporarily, the prospect is likely to support stronger EBITDA outperformance and solid gross bookings growth over time.
Uber Technologies, Inc. (NYSE:UBER) operates as a technology platform that offers ride services and merchant delivery service providers for food, groceries, meal preparation, and other delivery services. The company’s operations are divided into Delivery, Mobility, and Freight. The Delivery segment allows users to order food, while the Mobility segment provides access to Mobility Drivers who provide rides in various vehicles. The Freight segment connects Carriers and Shippers.
