On June 21, Ashley MacNeill, Vista Equity Partners’ head of equity capital markets, joined CNBC’s ‘Closing Bell’ to discuss outlooks on the IPO market. MacNeill acknowledged that while it is premature to declare a normalized IPO market, the current activity certainly indicates progress. There’s a growing trend among companies to remain private for longer periods, particularly in light of high private market valuations. She suggested that companies choose between public and private markets via two separate paths. She outlined that a truly functional and healthy IPO market requires 3 key elements: investors willing to commit capital, corporations prepared to consistently report earnings, and market certainty. She observed that the current market satisfies the first 2 conditions, and while market certainty is still developing, investors have found pockets of certainty in the uncertainty.
MacNeill asserted that software remains an excellent investment due to its predictable business model, its capacity to use GenAI, and its central role in data, workflow, and automation. MacNeill categorized software companies into 3 distinct groups based on their progress in adopting this technology. The first category comprises companies that are implementing agentic AI, where actual AI agents perform tasks independently. The second and largest category includes software companies that are transitioning from where top-line growth plus margins add up to ~40%, to higher metrics, such as 60% or 70%, by using GenAI. The third category consists of software companies that have not yet embraced the technology and are at risk of losing the right to win in the evolving market.
That being said, we’re here with a list of the 13 best new stocks to buy now.
A financial advisor in a crisp suit analyzing an array of graphs and diagrams, with the performance of U.S. stocks at the forefront.
Methodology
We sifted through the Finviz stock screener to compile a list of the top stocks that went public in the last 2 years. We then selected the 13 stocks 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.
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).
13 Best New Stocks to Buy Now
13. Amentum Holdings Inc. (NYSE:AMTM)
Number of Hedge Fund Holders: 37
Amentum Holdings Inc. (NYSE:AMTM) is one of the best new stocks to buy now. On June 12, Amentum announced that it had been awarded a new contract by Atomic Energy of Canada Limited/AECL. The contract is for the provision of operations and management solutions for Canadian Nuclear Laboratories/CNL, to advance nuclear science, technology, and innovation throughout Canada.
The contract is valued at ~CAD$1.2 billion annually on average and was awarded to Nuclear Laboratory Partners of Canada Inc./NLPC. NLPC is a joint venture led by BWX Technologies Inc. (NYSE:BWXT) and includes Amentum, Kinectrics, and Battelle. The agreement features a 6-year base period, with potential extensions based on performance for a total duration of up to 20 years.
AECL operates under a Government-owned and Contractor-operated (GoCo) model through Canadian Nuclear Laboratories. It also owns the intellectual property for the CANDU, which is a heavy water nuclear reactor that uses natural uranium fuel, heavy water as both a moderator and coolant, and allows for refueling while the reactor is online.
Amentum Holdings Inc. (NYSE:AMTM) provides engineering and technology solutions to the US and allied government agencies. Atomic Energy of Canada Limited is a federal Crown corporation with a mandate to drive nuclear opportunities for Canada. BWX Technologies Inc. (NYSE:BWXT) manufactures and sells nuclear components in the US, Canada, and internationally.
12. Liberty Live Group (NASDAQ:LLYVK)
Number of Hedge Fund Holders: 38
Liberty Live Group (NASDAQ:LLYVK) is one of the best new stocks to buy now. On June 23, Liberty Live Group, or Liberty Media, announced that it had received unconditional approval from the European Commission for its acquisition of Dorna Sports, which is the exclusive commercial rights holder of the MotoGP World Championship. The approval marks the final condition for the transaction, which is expected to close no later than July 3.
MotoGP commenced its first season in 1949 with 6 European rounds and has expanded to feature 22 races across 18 countries in the 2025 season, and has reached hundreds of millions of viewers internationally. Under the acquisition, Liberty Media will acquire an 84% stake in Dorna, with Dorna management retaining the remaining 16%. The transaction reflects an enterprise value for Dorna of €4.3 billion and an equity value of €3.7 billion.
A director of Liberty Media and former CEO of Formula 1, Chase Carey, and the former Managing Director of Commercial Operations at Formula 1, Sean Bratches, will join Carmelo Ezpeleta and Enrique Aldama (Dorna’s COO and CFO) on Dorna’s board of directors as this transaction closes. Liberty Media has secured all necessary regulatory approvals in other relevant jurisdictions for this acquisition.
Liberty Live Group (NASDAQ:LLYVK) is a live entertainment company.
