5 Best Performing S&P 500 Stocks in the Last 10 Years

In this article, we discuss 5 best performing S&P 500 stocks in the last 10 years. If you want to see more stocks in this selection, check out 11 Best Performing S&P 500 Stocks in the Last 10 Years. 

5. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 74

10-Year Share Price Gains as of January 18: 2,060%

Broadcom Inc. (NASDAQ:AVGO) is a California-based semiconductor manufacturer whose products are used in multiple applications like enterprise and data center networking, home connectivity, broadband access, telecommunication equipment, smartphones and base stations, data center servers, storage systems, factory automation, power generation and alternative energy systems, and electronic displays. Broadcom Inc. (NASDAQ:AVGO) is one of the best performing S&P 500 stocks over the last decade. 

Deutsche Bank analyst Ross Seymore on December 14 raised the price target on Broadcom Inc. (NASDAQ:AVGO) to $590 from $575 and maintained a Buy rating on the shares. Heading into 2023, the analyst expects semiconductor investor focus to move to finding a “bottom in both fundamentals and share prices.” 

According to Insider Monkey’s Q3 data, 74 hedge funds were bullish on Broadcom Inc. (NASDAQ:AVGO), compared to 66 funds in the last quarter. Ken Fisher’s Fisher Asset Management is the largest stakeholder of the company, with 1.5 million shares worth $673 million.  

Here is what Carillon Tower Advisers specifically said about Broadcom Inc. (NASDAQ:AVGO) in its Q2 2022 investor letter:

“Tech stocks, including Broadcom Inc. (NASDAQ:AVGO), were one of the hardest-hit sectors due to fears over a weakening macroeconomic environment. Broadcom, however, outperformed semiconductor peers as its end-market exposures provided relatively more defensive characteristics.”