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.
11. Solventum Corporation (NYSE:SOLV)
Number of Hedge Fund Holders: 38
Solventum Corporation (NYSE:SOLV) is one of the best new stocks to buy now. On June 25, Solventum announced an amendment to its transaction agreement with Thermo Fisher Scientific Inc. (NYSE:TMO). The revised agreement now excludes Solventum’s drinking water filtration business from the assets being acquired by Thermo Fisher. Consequently, the cash consideration for the acquisition has been adjusted from ~$4.1 billion to $4 billion. The net proceeds from this sale are intended for debt reduction.
This amendment is expected to streamline the transaction and accelerate its closure, which is still expected by the end of this year. Under the new terms, Thermo Fisher will be entitled to a payment of up to $75 million from Solventum. Keeping the Water Business is projected to increase Solventum’s annual EPS gain by $0.15 to $0.2.
The terms of the amended agreement remain largely consistent with the initial agreement, with modifications specifically reflecting the exclusion of the Water Business. These adjustments include changes to non-compete clauses and related provisions, as well as certain reverse services, manufacturing, and supply agreements that will now support the retained Water Business.
Solventum Corporation (NYSE:SOLV) is a healthcare company that develops, manufactures, and commercializes a portfolio of solutions to address customer and patient needs internationally. Thermo Fisher Scientific Inc. (NYSE:TMO) provides life sciences solutions, analytical instruments, specialty diagnostics, laboratory products, and biopharma services internationally.
10. BrightSpring Health Services Inc. (NASDAQ:BTSG)
Number of Hedge Fund Holders: 39
BrightSpring Health Services Inc. (NASDAQ:BTSG) is one of the best new stocks to buy now. On June 18, BrightSpring Health Services announced that its specialty pharmacy, called Onco360, has been chosen as the national pharmacy partner for several newly approved therapies. These innovative treatments target advanced cancers and rare genetic disorders.
BrightSpring delivers care and clinical solutions to 400,000+ customers, clients, and patients daily across all 50 states. Onco360 will provide access, education, data, and expert support for patients suffering from advanced ovarian and lung cancers, as well as neurofibromatosis type 1.
Onco360 has been selected as a pharmacy partner for the following specific medication therapies: GOMEKLI, which is approved for adult and pediatric patients aged 2 years and older with neurofibromatosis type 1 (NF1) who have symptomatic plexiform neurofibromas/PN not suitable for complete resection; AVMAPKI FAKZYNJA CO-PACK, which is approved for adult patients with KRAS-mutated recurrent low-grade serous ovarian cancer/LGSOC who have received prior systemic therapy; and IBTROZI, which is approved for adult patients with locally advanced or metastatic ROS1-positive non-small cell lung cancer (NSCLC).
BrightSpring Health Services Inc. (NASDAQ:BTSG) is a home and community-based healthcare services platform in the US that operates through 2 segments: Pharmacy Solutions and Provider Services. Onco360 is a national, independent Oncology Pharmacy and clinical support services company.
9. SailPoint Inc. (NASDAQ:SAIL)
Number of Hedge Fund Holders: 41
SailPoint Inc. (NASDAQ:SAIL) is one of the best new stocks to buy now. On June 24, SailPoint announced that it had been recognized as an Overall Leader, Product Leader, Innovation Leader, and Market Leader in the 2025 KuppingerCole Leadership Compass for Cloud Infrastructure Entitlement Management/CIEM.
The report evaluates CIEM vendors based on innovation, usability, and market presence. SailPoint’s performance across these categories shows the effectiveness of its enterprise-grade approach to entitlement governance within complex multi-cloud environments.
The increasing complexity of managing and securing entitlements across multi-cloud setups has made CIEM solutions indispensable for organizations. SailPoint CIEM caters to the needs of complex enterprises that operate in multi-cloud environments.
SailPoint Inc. (NASDAQ:SAIL) delivers solutions to enable identity security for the enterprise in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.
8. Waystar Holding Corp. (NASDAQ:WAY)
Number of Hedge Fund Holders: 41
Waystar Holding Corp. (NASDAQ:WAY) is one of the best new stocks to buy now. On June 23, Waystar announced the findings of a commissioned study conducted by Forrester Consulting. The study is titled “AI in Healthcare Payments Software: A Strategic Imperative,” and revealed that AI is becoming increasingly critical in revenue cycle management/RCM due to its proven impact and measurable ROI.
The research shows acceleration in AI adoption within healthcare. 82% of healthcare leaders now consider AI an integral part of their RCM operations, with 70% identifying it as a top organizational priority. The study also found that AI is delivering improvements in key revenue cycle metrics, such as a 13% to 37% improvement in high-impact areas such as claim accuracy, denial prevention, workforce efficiency, and payment speed.
Trust in AI is growing, with 60% of decision-makers reporting increased confidence since implementing AI. ~ 70% of healthcare leaders view AI as a high or critical organizational priority, and 60% plan to increase their AI investment. The study is based on responses from 300+ healthcare leaders and highlights a preference for existing RCM software partners when it comes to AI capabilities. Waystar serves ~30,000 clients and represents over 1 million distinct providers, including 16 of the top 20 institutions on the US News Best Hospitals list.
Waystar Holding Corp. (NASDAQ:WAY) develops a cloud-based software solution for healthcare payments.
7. Rubrik Inc. (NYSE:RBRK)
Number of Hedge Fund Holders: 45
Rubrik Inc. (NYSE:RBRK) is one of the best new stocks to buy now. On June 30, Rubrik announced that Gartner recognized it as a Leader and positioned it furthest in Vision within the 2025 Magic Quadrant for Backup and Data Protection Platforms. This marks the 6th consecutive year Rubrik has been named a Leader in this report.
The announcement follows Rubrik’s recent agreement to acquire Predibase, which would accelerate the adoption of agentic AI. The CEO, Chairman, and Co-founder of Rubrik, Bipul Sinha, believes that Rubrik’s positioning as a Leader in the Gartner Magic Quadrant validates its approach to cyber resilience across cloud, SaaS, and on-premises data. He also noted the company’s commitment to protecting customer data, enabling secure GenAI innovation, and safeguarding 6,000+ organizations worldwide.
According to Gartner’s report, vendors in the backup and data protection platforms market are enhancing their offerings to improve enterprise data protection. By 2029, 75% of enterprises are expected to use a common solution for backup & recovery of on-premises & cloud data, 80% of enterprises will backup of SaaS applications as a requirement, 95% of backup & data protection platforms products are projected to include embedded technology to detect & identify cyberthreats, 90% of these products are expected to integrate GenAI, and 35% of enterprises will implement agentic AI capabilities for autonomous backup operations.
Rubrik Inc. (NYSE:RBRK) provides data security solutions to individuals and businesses worldwide.
6. StandardAero Inc. (NYSE:SARO)
Number of Hedge Fund Holders: 50
StandardAero Inc. (NYSE:SARO) is one of the best new stocks to buy now. On June 16, StandardAero announced its selection by SalamAir, which is Oman’s low-cost carrier. StandardAero will provide maintenance, repair, and overhaul/MRO support for the CFM International LEAP-1A turbofan engines that power SalamAir’s fleet of Airbus A320neo family narrowbody aircraft.
StandardAero provides support for the next-gen CFM International LEAP-1A and LEAP-1B engine families from its 810,000 sq. ft. facility in San Antonio, Texas. The company is a CFM LEAP Premier MRO provider, having signed the first non-airline CFM Branded Service Agreement/CBSA in the Americas for the LEAP-1A and LEAP-1B in March 2023.
The partnership expands StandardAero’s growing list of operators relying on its MRO services across North America, Latin America, Europe, the Middle East, South Asia, and the Asia-Pacific region. Additionally, StandardAero is industrializing 300+ new engine component repairs for the LEAP family through its CRS team’s network of locations and its Repair Development Center of Excellence. SalamAir currently operates a fleet of 13 Airbus A320/321 aircraft and conducts over 80 daily flights.
StandardAero Inc. (NYSE:SARO) provides aerospace engine aftermarket services for fixed and rotary wing aircraft internationally in two segments: Engine Services and Component Repair Services.
5. Viking Holdings Ltd. (NYSE:VIK)
Number of Hedge Fund Holders: 58
Viking Holdings Ltd. (NYSE:VIK) is one of the best new stocks to buy now. On June 26, Viking Holdings announced the delivery of its newest ocean ship, called the Viking Vesta, at Fincantieri’s shipyard in Ancona, Italy. The Viking Vesta is classified as a small ship and features 499 staterooms that are capable of hosting 998 guests and will sail its inaugural season in the Mediterranean and Northern Europe.
Beyond the Viking Vesta, Viking Holdings is at the forefront of sustainable innovation in the cruise industry. The company and Fincantieri recently unveiled details about the Viking Libra, which is currently under construction at Fincantieri’s Ancona shipyard and is set to be the world’s first hydrogen-powered cruise ship, capable of operating with zero emissions.
The Viking Libra will feature a propulsion system partially based on liquefied hydrogen and fuel cells and is scheduled for delivery in late 2026. Following this, the Viking Astrea, which is also under construction and slated for delivery in 2027, will also be hydrogen-powered. The newly delivered Viking Vesta has been designed with future retrofitting in mind, which allows it to incorporate these new technologies as they become available.
Viking Holdings Ltd. (NYSE:VIK) engages in the passenger shipping and other forms of passenger transport internationally through the River and Ocean segments.
4. Maplebear Inc. (NASDAQ:CART)
Number of Hedge Fund Holders: 64
Maplebear Inc. (NASDAQ:CART) is one of the best new stocks to buy now. On June 17, Pinterest Inc. (NYSE:PINS) and Maplebear, which is more commonly called Instacart, announced a new partnership designed to enhance ad targeting for retailers and streamline the shopping experience for Pinterest users. The collaboration will allow advertisers on Pinterest to target their ads more precisely by using Instacart’s first-party engagement data.
In the initial phase of the partnership, selected brands advertising on Pinterest will gain access to Instacart’s audience segments. A subsequent phase is expected to introduce closed-loop measurement, which will connect Pinterest ad campaigns directly to actual product sales across the Instacart Marketplace.
This integration is valuable for food, recipe-related brands, and Consumer Packaged Goods/CPG companies. Instacart collaborates with 1,800+ national, regional, and local retailers from ~100,000 stores across North America. The partnership also includes the direct shoppability of Pinterest ads via the Instacart platform.
Maplebear Inc. (NASDAQ:CART) provides online grocery shopping services to households in North America. Pinterest Inc. (NYSE:PINS) is a visual search and discovery platform.
3. SharkNinja Inc. (NYSE:SN)
Number of Hedge Fund Holders: 69
SharkNinja Inc. (NYSE:SN) is one of the best new stocks to buy now. On June 12, SharkNinja unveiled 4 new Ninja Thirsti Dirty Soda Packs, which are developed in collaboration with popular MomTok creators Jen Affleck and Demi Engemann. These flavor packs are designed to be used with the Ninja Thirsti Drink System and allow consumers to easily create customized dirty soda beverages at home.
This launch directly responds to the viral TikTok trend popularized by MomTok, which involves mixing soda with cream, flavored syrups, and fruit purees.
The Ninja Thirsti Drink System was introduced in 2023 and provides a customizable beverage experience that enables users to personalize still or sparkling drinks with 25+ flavors across 4 lines, and includes zero-calorie and zero-sugar options. To mark the launch, a 20% discount is available on NinjaKitchen.com for those purchasing a Ninja Thirsti®Dirty Soda Pack and the Ninja Thirsti Drink System together, using codes JEN20 and DEMI20. This offer is valid from June 12 to August 10.
SharkNinja Inc. (NYSE:SN) is a product design and technology company that provides various solutions for consumers internationally.
2. Reddit Inc. (NYSE:RDDT)
Number of Hedge Fund Holders: 72
Reddit Inc. (NYSE:RDDT) is one of the best new stocks to buy now. On July 1, Reddit introduced new, automated ad tips within its Ad Manager platform. These new recommendations are designed to help advertisers optimize their ad spending by providing personalized and data-driven suggestions based on a systematic analysis of Reddit ad responses and the advertiser’s content.
One of the features of this update is the Optimization Score that offers a summary assessment of an advertiser’s approach to Reddit ads. Each recommendation contributes to this score, with a higher score indicating better optimization according to Reddit’s best practices. If an advertiser’s score falls below 80/100, the platform will provide actionable tips to refine their ad setup.
Reddit states that 88% of people now utilize the platform to help make buying choices. A portion of this engagement comes through Google searches, where Reddit results often receive priority, especially as users increasingly add Reddit to their search queries to find more authentic and community-driven insights amidst generalized AI results.
Reddit Inc. (NYSE:RDDT) is a digital community that provides a platform to enable users to engage in conversations, explore passions, research new hobbies, and exchange goods & services.
1. GE Vernova Inc. (NYSE:GEV)
Number of Hedge Fund Holders: 111
GE Vernova Inc. (NYSE:GEV) is one of the best new stocks to buy now. On June 30, GE Vernova announced that it is exploring the sale of its industrial software division called Proficy. This potential divestiture could fetch between $900 million and $1 billion for the company, according to Bloomberg.
The company is reaching out to both publicly traded companies with similar assets and private equity firms. But it’s important to note that these early-stage discussions may not necessarily result in a sale. GE Vernova is continuously capitalizing on the rising power demand, which is expected to reach higher levels in and beyond H2 this year.
GE Vernova reported strong Q1 2025 earnings for its electrification software, which includes Proficy. These earnings grew by ~9% year-over-year and reached $224 million. Earlier in June this year, GE Vernova Hitachi Nuclear Energy also announced plans to establish a $50 million small modular reactor/SMR engineering service center in the Durham area in Canada.
GE Vernova Inc. (NYSE:GEV) is an energy company that provides various products and services that generate, transfer, orchestrate, convert, and store electricity.
While we acknowledge the potential of GEV to grow, 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 GEV and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
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