On February 26, Jay Woods of Freedom Capital Markets, Seana Smith of Global X ETFs, and Eric Mandl of Guggenheim Securities joined CNBC to suggest that strong tech results eased AI fears, but volatility, geopolitics, and rotation into energy keep markets cautious. Smith characterized the recent tech earnings as impressive, specifically highlighting Nvidia’s 75% data center revenue growth as a factor that should calm emerging fears within the AI trade. She contrasted this with the anxiety surrounding software names following Salesforce’s results and noted that while the software sector is undergoing a repricing, a total collapse is unlikely. Smith anticipates a multi-year period where clear winners and losers will emerge within the space.
Woods identified anxiety as the prevailing market sentiment, but suggested that guidance has shown the situation is not as dire as feared. He pointed to the price action of Workday as a potential tell and noted that despite a poor quarter, the stock’s ability to close higher after a gap lower suggests the sector may have found a floor. Mandl expanded on the AI opportunity by referencing Dan Ives’ observation of $6 billion year-to-date from physical AI and robotics at Nvidia. Mandl argued that the massive capital expenditure flowing through the system helps substantiate market valuations. He emphasized the critical need for agentic AI and platform providers to leverage relationships with traditional software companies and noted that model training will require significant time, energy, and dependency on established software infrastructure. Furthermore, discussing market rotation and energy, Woods noted that while technology did not pull the market down, investors are rotating into the utility and energy sectors.
That being said, we’re here with a list of the 15 best NASDAQ stocks to buy according to hedge funds.
Our Methodology
We used screeners to identify NASDAQ stocks that are popular among analysts and elite hedge funds, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment.
Note: All data was sourced on March 6.
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).
15 Best NASDAQ Stocks to Buy According to Hedge Funds
15. Lamar Advertising Company (NASDAQ:LAMR)
Lamar Advertising Company (NASDAQ:LAMR) is one of the best NASDAQ stocks to buy according to hedge funds. On February 20, Lamar Advertising reported its financial results for 2025, highlighting a period of growth for the outdoor advertising provider. For Q4, net revenues rose 2.8% to $595.9 million, while net income reached $154.7 million, which was a significant recovery from the net loss recorded in the same period of 2024. Adjusted EBITDA for the quarter also saw a 3.7% increase, totaling $288.9 million. The Chief Executive attributed this performance to strong sales momentum in both local and national markets.
The full-year results reflected a similar upward trend, with annual net revenues climbing 2.7% to $2.27 billion. Net income for 2025 increased by 63.4% to $593.1 million, supported by a $68.6 million gain from the sale of an equity interest in Vistar Media and adjustments related to previous asset retirement obligations.
As of year-end 2025, Lamar Advertising Company (NASDAQ:LAMR) maintained a total liquidity of $807.0 million, including $64.8 million in cash and substantial availability under its credit facilities. For 2026, the company expressed optimism regarding continued sales strength and promising pacing for the remainder of the year. Management issued guidance for FY2026, projecting diluted net income per share between $5.72 and $5.83.
Lamar Advertising Company (NASDAQ:LAMR) is one of the largest outdoor advertising companies in North America, with over 362,000 displays across the US and Canada. Lamar offers advertisers a variety of billboards, interstate logo, transit, and airport advertising formats.
14. Liberty Media Corporation (NASDAQ:FWONK)
Liberty Media Corporation (NASDAQ:FWONK) is one of the best NASDAQ stocks to buy according to hedge funds. On February 26, Liberty Media Corporation announced earnings for 2025, headlined by the successful acquisition of MotoGP and the split-off of Liberty Live Holdings. The company reported consolidated annual revenue of $4.48 billion, which was a 23% increase over the previous year, while consolidated operating income more than doubled to $577 million.
These results were supported by the integration of MotoGP and continued commercial scaling across the portfolio. President and CEO Derek Chang noted that the company met key objectives in strengthening Formula 1’s trajectory and streamlining the corporate structure to drive shareholder value. Formula 1 finished its 75th anniversary season with record-breaking metrics, including a 14% increase in annual revenue to $3.9 billion and a 28% jump in operating income to $632 million. Fan engagement reached new heights with total attendance of 6.75 million and a 21% increase in live viewership.
The division’s primary revenue streams (race promotion, media rights, and sponsorship) all saw gains driven by contractual increases and the continued success of the F1 TV subscription service. Notable developments included the sell-out of the Las Vegas Grand Prix, which generated 1.8 billion social impressions, and the signing of the Concorde Agreement with all teams and the FIA through 2030. The newly acquired MotoGP division also showed momentum, contributing $325 million in revenue to Liberty’s actual results since its acquisition date. For 2026, the company plans to focus on sustaining F1’s global momentum and scaling MotoGP’s commercial functions through new race locations.
Liberty Media Corporation (NASDAQ:FWONK) is an American mass media company. It has two divisions, both represented by separate tracking stocks, reflecting its ownership stakes in the Formula One Group and Live Nation Entertainment.
