13 Most Profitable Growth Stocks to Buy Now

5. Brookfield Asset Management Ltd. (NYSE:BAM)

Net Profit in the latest fiscal year: $2.36 billion

Revenue CAGR last 5 years: 172.44%

Number of Hedge Fund Holders: 21

​Brookfield Asset Management Ltd. (NYSE:BAM) is a global alternative asset manager overseeing approximately $1 trillion in assets across sectors including renewable energy, infrastructure, real estate, private equity, and credit. The company generates revenue by offering financial products such as pension plans to institutional clients. It is one of the most profitable stocks to invest in.

Brookfield Asset Management Ltd. (NYSE:BAM) had a strong 2024, with over $135 billion in capital raised, including a record $29 billion of organic fundraising in Q4, $48 billion deployed, and $30 billion of investments monetized. The company’s fee-bearing capital grew by 18% annually to $539 billion, generating $2.5 billion in fee-related earnings and $2.4 billion in distributable earnings for the year. The credit group emerged as its largest business with nearly $250 billion of fee-bearing capital, contributing 60% of the year’s organic capital raise.

Looking ahead, Brookfield Asset Management Ltd. (NYSE:BAM) is well-positioned to capitalize on major secular trends, including the alternative asset industry’s expected doubling in size, ongoing consolidation of managers, and strategic alignment with key themes like digitalization, clean energy, and private credit. The company expects its latest flagship rounds to be over 15% larger than previous vintages, with strong momentum across complementary strategies and new products. In recognition of its strong performance and growth prospects, we include BAM on our list of the most profitable stocks to buy now.