The “Fantastic 40” portfolio, curated by hedge fund manager Philippe Laffont’s Coatue Management LLC, is a select list of 40 companies best positioned to lead in an AI- and technology-driven world. According to Coatue, Fantastic 40 consists of 30 publicly listed companies and 10 companies/assets from the private/crypto domains. Our list of 30 fantastic stocks is based on the publicly listed companies from this portfolio.
To shortlist stocks, Coatue’s team identifies top technology leaders by screening the 150 largest public and private tech firms and ranking them by five-year CAGR across four growth tiers—hypergrowth, growth, compounding, and below-market performance. From this universe, the team excludes firms facing valuation multiple compression, revenue or earnings challenges, or other structural headwinds. This selection methodology thus results in 40 high-quality names with strong and sustainable long-term growth potential.
As per its Q2 2025 13F filings, Coatue Management’s public equities assets under management (AUM) stood at around $35.9 billion.
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Laffont provided an update on the Fantastic 40 on October 16, during which he delved into market performance and addressed whether AI is currently in a bubble. He cited, among other data, the prevailing media discussions and the BofA Merrill Lynch fund manager survey to illustrate the point that the number of people in the investment community who believe AI stocks are in a bubble has increased over the last couple of months.
However, Laffont’s analysis suggests that “not all the long-term investment cycles are bubbles,” and he provides several factors to support this belief. First among them was the colossal adoption of AI despite it being in the early years of its journey. He also notes that while AI-mandated capital expenditures are rising, they are well-funded by operating cash flows. Moreover, despite the strong AI-led rally, valuations are significantly lower than those in the dot-com bubble era (measured by the next twelve-month forward P/E ratio).
In conclusion, Philippe Laffont and Coatue Management’s team remains bullish on AI and believes that the opportunities provided by AI are worth taking the risk.
With that backdrop, let’s explore our list of 30 most fantastic stocks every investor should pay attention to.
Our Methodology
We have compiled our list of 30 most fantastic stocks based on the publicly listed companies from Coatue Management LLC’s Fantastic 40 portfolio. We have ranked these companies in ascending order of their market capitalization as of November 11. Additionally, we included data on hedge fund holdings in these companies as of Q2 2025 to provide further insight into investor interest.
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).
Note: All pricing data is as of market close on November 11, 2025.
30 Most Fantastic Stocks Every Investor Should Pay Attention To
30. Snowflake Inc. (NYSE:SNOW)
Market Cap: $91.9 Billion
Number of Hedge Fund Holders: 100
Snowflake Inc. (NYSE:SNOW) is the first stock on our list of the most fantastic stocks every investor should pay attention to. The company is a leading player in the data infrastructure space and has seen a very strong performance year-to-date (~+76%).
On November 4, Jason Ader, an analyst at William Blair, reaffirmed his Buy rating on the stock without assigning any price target. His affirmation came after the company introduced several advancements at its “Build” Developer Conference 2025, which left the analyst impressed.
Among the prominent highlights noted by Ader was the official full release (general availability) of the company’s Snowflake Intelligence agentic application. The analyst highlighted that innovations like these not only solidify Snowflake Inc.’s (NYSE:SNOW) competitive positioning in the data analytics space but also help it expand its scale and provide the fuel for future growth. Moreover, he noted that the introduction of Snowflake Intelligence has already seen encouraging early adoption.
Ader’s optimistic view is also underpinned by Snowflake Inc.’s (NYSE:SNOW) ambition to become a leader in enterprise data management, and the company’s investments in areas like customizable AI agents appear prudent in that direction.
In another positive development, Snowflake and SAP SE (NYSE:SAP) announced a partnership on November 4, aimed at helping businesses connect and utilize their data more effectively. This collaboration will enable organizations to combine the capabilities of Snowflake’s AI Data Cloud with SAP’s Business Data Cloud (BDC) platforms by integrating them. As part of the deal, Snowflake’s data and AI platform will be offered as a solution extension for SAP BDC customers.
Christian Kleinerman, EVP of Product at Snowflake, believes that this collaboration will help the organizations speed up innovation. He further added:
“By tightly integrating SAP and Snowflake, we’re making it simple for enterprises to connect their critical business data with its rich context in SAP with the power of seamless AI app and data agent development at scale in Snowflake. Enterprises can now innovate faster with Snowflake and SAP BDC and seamlessly share data between the platforms —zero-copy and fully governed.”
Snowflake Inc. (NYSE:SNOW) provides a cloud-based data platform that helps organisations store, manage, and share data across multiple public clouds. Its architecture separates compute from storage, allowing customers to scale workloads as needed.
29. Constellation Energy Corp. (NASDAQ:CEG)
Market Cap: $109.8 Billion
Number of Hedge Fund Holders: 79
Constellation Energy Corp. (NASDAQ:CEG) is among the most fantastic stocks every investor should pay attention to. Following the company’s Q3 results on November 5, Citi analyst Ryan Levine updated his estimates and raised his price target on the company from $337 to $368, according to TheFly. While the analyst reiterated his Neutral call on the stock, he acknowledged the positive trends in nuclear, which are benefiting the company.
Earlier, on November 3, analysts from KeyBanc Capital Markets released a report addressing concerns about a potential oversupply emerging from the recent focus on expanding nuclear energy capacities. According to the analysts, the overall power demand from the U.S. market is enormous, and the recent nuclear projects will only address a small part of it. They believe that the power markets will see capacity increases over a longer period of time and still see Constellation Energy Corp. (NASDAQ:CEG) as one of their top picks, which should benefit from the “electric power super-cycle”.
In their earlier update on October 14, KeyBanc analyst Sophie Karp had reiterated a Buy rating with a price target of $417, which she had raised up from $337 earlier.
Additionally, on October 28, Wells Fargo analyst Shahriar Pourreza initiated coverage on the stock, assigning an Overweight rating and a price target of $478, according to TheFly. As the foundation of the bullish rating, the analyst acknowledged that the company is structurally well-positioned to benefit from the constrained power supply and robust demand in the long term. The stock has seen a strong share price performance, and the analyst predicts both long-term and short-term drivers to support the momentum.
Constellation Energy Corp. (NASDAQ:CEG) is a major producer and supplier of clean electricity in the United States. Its generation portfolio consists of a large fleet of nuclear plants, supported by natural gas, wind, solar, and hydro assets. The company boasts of the largest carbon-free generation fleet in the U.S., and with its owned contracted capacity, it is also the largest electric generation company in the country.
28. Spotify Technology S.A. (NYSE:SPOT)
Market Cap: $131.8 Billion
Number of Hedge Fund Holders: 111
Spotify Technology S.A. (NYSE:SPOT) is among the most fantastic stocks every investor should pay attention to. On November 5, Benjamin Swinburne, a U.S. Media sector analyst at Morgan Stanley, reaffirmed the company’s Buy rating with an unchanged price target of $800, following its Q3 2025 results.
Spotify Technology S.A. (NYSE:SPOT) reported an 11% growth in its monthly active users (MAU) to 713 million, which came in better than the company’s own guidance and the consensus, according to LSEG data. Swinburne notes that faster product upgrades and developments underpin this growth in user adoption. He believes that this innovation-led growth in users and engagement should result in strong, low-to-mid-teens revenue growth in the coming years.
The analyst also appreciated the company’s push into higher-margin verticals and enhancement of its platform capabilities, which, in his view, should support margin expansion. Moreover, Swinburne also added that Spotify’s focus on AI-driven personalization and automation is beginning to translate into improvement in operating leverage.
While we don’t have his updated estimates following the Q3 results, Swinburne had estimated an EBIT compound annual growth rate (CAGR) of around 40% through 2028 in his earlier report on October 21. He also expected that the EBIT in 2028 would exceed street expectations by over 10%, highlighting the analyst’s confidence in the company’s execution.
Meanwhile, on November 4, Spotify Technology S.A. (NYSE:SPOT) reported better-than-expected results, but its Q4 2025 revenue guidance of $4.5 billion and 289 million premium subscribers was modestly below the consensus, according to a report from CNBC. That said, the company guided for an operating profit of €620 million and an addition of 32 million of net new MAUs (to total 745 million) in Q4, which was 1%-2% ahead of street expectations.
The consensus remains strongly positive on the stock, with a 1-year median price target of $760, implying a solid 24% upside.
Spotify Technology S.A. (NYSE:SPOT) is a Swedish company that operates a global audio-streaming platform, offering music, podcasts, and audiobooks to users across subscription and ad-supported tiers.
