This article looks at the Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy.
The S&P 500 rose by 0.52% on Friday to close at a record high of 6,173.07, marking returns of 3.44% for the week, as traders looked past the termination of trade talks between the United States and Canada. The broad market index rallied during the week after the White House spokesperson downplayed the looming July tariff deadlines, hinting that these could be delayed by President Trump.
The stock market has gained nearly 24% since hitting its lows in April, culminating in a remarkable turnaround that has overcome a series of economic and geopolitical challenges. Strong earnings, a stable labor market, and the revival of AI trade have also contributed to the rebound.
Jamie Cox, managing partner at Harris Financial Group, shared the following remarks on the rally:
“The markets are looking forward, seeing lower interest rates, less regulation in the banking sector, a shift from austerity to stimulus in Europe, and a less biting inflation and tariff environment. This sure isn’t the stagflation story we’ve been told to brace for.”
However, Louis Miller, a senior Goldman Sachs Group trader, has warned investors to approach the recent surge with caution. This is especially true for lower-quality parts of the market, where short sellers are under pressure to cover their positions.
“We flagged two weeks ago that the short squeeze the market was facing could provide an opportunity to press shorts lower, and we think that time is getting closer.”
With that said, let’s now head over to discuss the top large-cap stocks in the Goldman Sachs portfolio.
A high-rise city building with a computer-generated chart reflecting the stock market index on its glass façade.
Methodology
For this article, we scanned Goldman Sachs’ 13F portfolio as of Q1 2025. From there, we picked the top 10 large-cap stocks and ranked them in ascending order of their stake value.
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).
Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy:
10. Eli Lilly and Company (NYSE:LLY)
Stake Value: $4,404,820,511
Eli Lilly and Company (NYSE:LLY) is among the Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy. On June 25, the company announced that the FDA had approved a label update for Amyvid to support the diagnosis of Alzheimer’s disease.
The florbetapir F 18 injection is used for brain imaging of patients with cognitive impairment who are being tested for Alzheimer’s. Eli Lilly and Company (NYSE:LLY) said the new label changes will include revised guidelines to estimate plaque density and provide a new indication for patient selection.
The updated label will also allow the quantification of amyloid plaque levels in conjunction with visual understanding. Moreover, the clinical studies section of the label will acknowledge that amyloid beta positron emission tomography (PET) scans had aided in assessing plaque reduction in some trials of amyloid-targeting therapies.
Mark Mintun, M.D., group vice president, Neuroscience Research & Development, at Eli Lilly and Company (NYSE:LLY), stated the following on the development:
“Nearly 80% of Americans would prefer to know if they have an Alzheimer’s diagnosis before their memory and thinking symptoms disrupt daily life, highlighting the importance of advanced diagnostic tools like amyloid PET and blood biomarker testing. The modernization of Amyvid’s label is a significant step in advancing Alzheimer’s care, enabling physicians to help patients make informed decisions, being evaluated for or to aid in the selection of patients who are indicated for amyloid-targeting therapy.”
Eli Lilly and Company (NYSE:LLY) is a medicine company that has pioneered life-changing discoveries for the last 150 years, helping tens of millions of patients across the globe.
9. Broadcom Inc. (NASDAQ:AVGO)
Stake Value: $4,632,873,960
Broadcom Inc. (NASDAQ:AVGO) is among the Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy. The stock has had impressive returns over the past month, gaining 14.30% during the period, as of June 27.
On June 5, the company reported second-quarter earnings that beat Wall Street expectations. Broadcom Inc. (NASDAQ:AVGO) also provided robust guidance for the third quarter, betting on strong demand for its chips. It has forecast a revenue of $15.80 billion for Q3, above the analysts’ average estimate of $15.71 billion and 21% higher year-over-year.
Following the earnings call, several firms lifted the outlook for Broadcom Inc. (NASDAQ:AVGO), which has also strengthened investor sentiment. This included Benchmark, which raised the stock’s price target to $315 from $255 while maintaining a Buy rating for the company’s shares. Barclays has also hiked the stock’s price target to $265 from $215 and reiterated the earlier Overweight rating.
Broadcom Inc. (NASDAQ:AVGO) recently announced the general availability of VMware Cloud Foundation (VCF) 9.0, a platform for contemporary private cloud environments, which is set to accelerate innovation, control cloud costs, and enhance data control to enable security and sovereignty.
Broadcom Inc. (NASDAQ:AVGO) is a global technology company specializing in the design, development, and distribution of semiconductors, enterprise software, and security solutions.
8. JPMorgan Chase & Co. (NYSE:JPM)
Stake Value: $4,879,502,943
JPMorgan Chase & Co. (NYSE:JPM) is among the Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy. On June 26, Citigroup lifted the stock’s price target from $250 to $275, while maintaining a Neutral rating for its shares.
The revision reflects Citigroup’s decision to reduce its cost of equity assumption to 9.4%, aligning with the option market’s current implied volatility. Moreover, analysts expect investors to focus on JPMorgan Chase & Co. (NYSE:JPM)’s net interest income heading into its second-quarter earnings call in July, given that consensus estimates already exceed the bank’s full-year guidance.
Analysts also noted JPMorgan Chase & Co. (NYSE:JPM)’s management providing clear expense guidance, with Wall Street and the research firm’s estimates both in line with the company’s forecast.
JPMorgan Chase & Co. (NYSE:JPM) provides a range of investment banking and asset management solutions for a diverse client base. For the past four years, it has been the largest bank in the U.S. for retail deposits. The stock has had impressive year-to-date returns of nearly 20%.
7. Visa Inc. (NYSE:V)
Stake Value: $5,333,439,319
Visa Inc. (NYSE:V) is among the Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy. On Friday, a British tribunal ruled that Visa and Mastercard’s default multilateral interchange fees charged to retailers breach European competition law.
The development comes as the latest round of litigation over multilateral interchange fees, which has rumbled on for decades.
David Scott of the law firm Scott+Scott, which represented the claimants, described the ruling as a significant win for merchants. He also said that this was the first time that the two payment processing companies’ commercial card and inter-regional multilateral interchange fees were found to infringe competition laws.
According to Reuters, Visa Inc. (NYSE:V) disagreed with the decision and has sought permission to appeal against the ruling. A company spokesperson was quoted as saying the following:
“Visa continues to believe that interchange is a critical component to maintaining a secure digital payments ecosystem that benefits all parties, including consumers, merchants, and banks.”
6. Alphabet Inc. (NASDAQ:GOOGL)
Stake Value: $7,185,392,519
Alphabet Inc. (NASDAQ:GOOGL) is among the Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy. On June 26, the company’s Google Cloud service and Pearson entered a multi-year partnership to accelerate new AI-powered products and services.
The strategic collaboration between the two companies will focus on personalizing learning for students, empowering teachers with AI knowledge and resources, and improving overall educational outcomes. It aims to create rich content to ensure an engaging learning experience for students, especially in the K-12 space.
Under the agreement, Pearson will work with Alphabet Inc. (NASDAQ:GOOGL)’s Google team on integrating its expertise in K-12 learning with technologies from the Vertex AI Platform, advanced AI models, and agentic AI. Moreover, Pearson and Google for Education will also collaborate on exploring opportunities for further integration across their product suites.
Pearson’s CEO, Omar Abbosh, shared the following remarks on the agreement, while expressing optimism about how the use of AI could transform education by replacing conventional teaching methods:
“When applied thoughtfully and responsibly, AI has the power to transform K-12 education, moving beyond a one-size-fits-all model to support each student on their unique learning journey. By combining Pearson’s deep learning expertise with Google’s technology and AI capabilities, we will deliver a more personalized experience for students and equip K-12 teachers with tools that help them to focus on what matters most: sparking curiosity, developing critical thinking, and fostering a lifelong love of learning.”
5. Meta Platforms, Inc. (NASDAQ:META)
Stake Value: $8,220,427,379
Meta Platforms, Inc. (NASDAQ:META) is among the Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy. The tech giant is looking to raise $29 billion from private capital firms to establish AI data centers in the U.S., the Financial Times reported on Friday.
The company has already had advanced talks with private credit investors, including Apollo Global Management, Brookfield, KKR, Carlyle, and PIMCO, according to the report. Meta Platforms, Inc. (NASDAQ:META) is seeking to raise $26 billion in debt and $3 billion in equity, the sources added.
The development comes at a time when CEO Mark Zuckerberg is aggressively pushing to bolster AI efforts. The social media giant made a multi-billion-dollar investment in Scale AI in June and has also approached several companies to discuss potential takeover deals this year, including Safe Superintelligence, Perplexity AI, and Runway.
In January, Zuckerberg announced Meta Platforms, Inc. (NASDAQ:META) would spend about $65 billion during the year on expanding its AI infrastructure to strengthen its position against other major players in the AI landscape.
4. Amazon.com, Inc. (NASDAQ:AMZN)
Stake Value: $10,003,970,550
Amazon.com, Inc. (NASDAQ:AMZN) is among the Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy. Last week, the company announced that it plans to expand its same-day and next-day Prime delivery services to over 4,000 smaller cities, towns, and rural areas of the United States by the end of 2025.
The move comes as Amazon.com, Inc. (NASDAQ:AMZN) strives to further grow its domestic footprint in the country. Earlier in the year, the multinational firm said it would spend over $4 billion to enhance its rural delivery network by 2026, promising quicker shipments to drive consumer demand from these regions.
Doug Herrington, CEO of Worldwide Amazon Stores, shared the following remarks on the plan:
“Everybody loves fast delivery. So, whether you live in Monmouth, Iowa, or in downtown Los Angeles, now you’re going to have the same fantastic Amazon customer experience: the ability to get the wide variety of items you need to keep your household running every day, delivered the same or next day.”
Amazon.com, Inc. (NASDAQ:AMZN) says the number of items delivered the same or next day is already 30% higher than last year. Moreover, the company’s focus on fast delivery speeds is helping its everyday essentials selection to grow more than twice as quickly as other categories.
3. NVIDIA Corporation (NASDAQ:NVDA)
Stake Value: $15,027,343,573
NVIDIA Corporation (NASDAQ:NVDA) is among the Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy. The company’s insiders have sold over $1 billion worth of stock over the past year, with a significant uptick in recent weeks as executives capitalize on the surging investor interest, the Financial Times reported on Sunday.
Over $500 million of the shares were sold in June, as the company’s share price reached a record high on Wednesday. The sellers included NVIDIA Corporation (NASDAQ:NVDA)’s CEO, Jensen Huang, who sold shares last week for the first time since September 2024.
NVIDIA Corporation (NASDAQ:NVDA)’s shares have staged a remarkable comeback after China’s DeepSeek sparked a massive selloff earlier in the year and stoked concerns that AI infrastructure outlays were set to slow down. The stock has soared over the past couple of months as doubts about big tech spending subside. Easing trade tensions between the U.S. and China, and a broadening customer base have also helped the rebound.
NVIDIA Corporation (NASDAQ:NVDA) rose 1.72% on Friday to close at $157.75. It ended the week with a market cap of nearly $3.85 trillion.
2. Microsoft Corporation (NASDAQ:MSFT)
Stake Value: $16,959,764,340
Microsoft Corporation (NASDAQ:MSFT) is among the Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy. On Friday, American business publication The Information reported that production of the company’s next-generation AI chip is being delayed to 2026.
The media group, citing three sources familiar with the matter, said that the Maia AI chip was facing a delay of at least six months, which will push its mass production from 2025 to next year. The report also added that the chip is likely to fall well short of Nvidia’s Blackwell chip in performance.
Microsoft Corporation (NASDAQ:MSFT) had hoped to use the chip, code-named Braga, in its data centers this year. However, the plan has been stalled due to unanticipated design changes, staffing constraints, and high turnover, according to the report.
Like other big tech companies, Microsoft Corporation (NASDAQ:MSFT) has been investing heavily to develop custom processors for AI operations and other applications to reduce reliance on costly Nvidia chips.
1. Apple Inc. (NASDAQ:AAPL)
Stake Value: $19,815,730,792
Apple Inc. (NASDAQ:AAPL) is among the Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy. On Thursday, the company revised its App Store policies in the EU, aiming to avoid further charges following a 500 million euro fine in April for violating the Digital Markets Act.
The iPhone maker was penalized for preventing app developers from sending customers to cheaper options outside the App Store. The changes made by Apple Inc. (NASDAQ:AAPL) will make it easier for app makers to direct customers to better deals on other websites and alternative app stores.
According to Reuters, Apple Inc. (NASDAQ:AAPL) will require developers to pay a 20% processing fee for purchases made through the App Store. However, the fees could go down to 13% for Apple’s small-business program. On the other hand, developers sending customers outside the App Store will pay a fee between 5% and 15%.
The changes by Apple Inc. (NASDAQ:AAPL) aim to avoid paying daily fines, which could amount to about 50 million euros per day. The European Commission said it will review the changes for compliance with the Digital Markets Act.
READ NEXT: Buffett Stock Portfolio: Top 10 Stock Picks for 2025 and 10 Most Undervalued Stocks to Buy for Under $5.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email below.
Hedge Fund Resource Center