In this article, we discuss the Graham Stephan Stock Portfolio: Top 11 Stocks.
Graham Stephan is a prominent American real estate investor, YouTuber, and personal finance commentator who has become one of the defining faces of modern financial media. Born in 1990, Stephan bypassed the traditional collegiate route, obtaining his real estate license at age 18. He quickly established himself as a highly successful luxury real estate agent in Beverly Hills, accumulating millions in sales volume and building a foundational portfolio of residential rental properties. In 2016, Stephan shifted his focus toward content creation, launching a YouTube channel aimed at demystifying personal finance, budgeting, and investing.
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His transparent approach, frequently sharing his exact income, tax returns, and investment blunders, struck a chord with a massive audience. By 2026, his main channel surpassed 5 million subscribers, anchoring a multi-million dollar media empire that includes podcasts, newsletters, and a digital real estate academy. Financially, Stephan is a devout practitioner of the Boglehead philosophy, widely known for his conservative, risk-averse wealth-building strategies. He routinely advocates for extreme frugality and continuous dollar-cost averaging into low-cost, diversified index funds. His personal net worth is balanced across three core pillars: cash/treasuries taking advantage of higher interest rate environments, broad-market index funds, and his legacy portfolio of income-generating rental properties.
Our Methodology
It is important to clarify that the stocks listed below were picked from the public comments that Stephan has made on his investments. He has explicitly mentioned some of his holdings during these public posts while only alluding to others. However, based on a careful assessment of the comments, the stocks listed below largely align with his investment philosophy. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey’s Q4 2025 database of 1041 elite hedge funds.
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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
Graham Stephan Stock Portfolio: Top Stocks
11. Tesla, Inc. (NASDAQ:TSLA)
Graham Stephan famously bought Tesla, Inc. (NASDAQ:TSLA) stock after purchasing a Tesla Model 3 in 2019. He reasoned that if he loved the car, a lot of other people would as well. According to multiple reports, he invested $5,000 in the stock back then. The stock had one of the most impressive runs at the stock market in the coming years, climbing to more than $1.5 trillion in market capitalization. However, Stephan has publicly documented that he sold off his holding in two chunks since 2019. Both times, Stephan cautioned against the stretching valuation of the company and sold his stake in the firm as a risk-averse investor.
Even as investors like Stephan exit Tesla, Inc. (NASDAQ:TSLA), hedge funds have been loading up on the stock. The Q1 2026 earnings report, released late last month, delivered the exact margin expansion story institutions wanted to see. Total revenue reached $22.39 billion, up 16% year-over-year. Even more impressively, non-GAAP adjusted EPS came in at $0.41, surging 52% year-on-year and crushing Wall Street expectations of $0.34 to $0.37. Critically, the automotive gross margin excluding regulatory credits hit 19.2%, the highest level in over a year. This indicates that despite fierce global pricing competition, Tesla vehicle unit economics are stabilizing through lower material costs.
10. Robinhood Markets, Inc. (NASDAQ:HOOD)
Graham Stephan has detailed his investment in Robinhood Markets, Inc. (NASDAQ:HOOD) stock extensively. In a video posted across multiple platforms from his official handle, Stephan revealed a few years ago that he put $150,000 into the company back when it was at $35 per share in 2022. He bought 2,500 more shares when it fell to $25 per share and bought up even more at $10 per share. He then sold all of his individual stocks to focus on just three index funds. In the same video, Stephan noted he had some winners and losers among his individual stock picks, but he missed out on impressive gains with the Robinhood position. Stephan mentioned that he could have been up by more than 250% just by holding his shares.
Robinhood Markets, Inc. (NASDAQ:HOOD) remains one of the hottest stocks on Wall Street. Hedge funds are targeting the firm because the core revenue engine is expanding at double-digit rates, effectively moving past the cyclical post-pandemic downturn. Robinhood posted $1.07 billion in total net revenues for Q1 2026, marking a powerful 15% year-over-year growth rate compared to Q1 2025. Net income rose to $346 million, translating to a diluted EPS of $0.38. Furthermore, the platform maintained an Adjusted EBITDA margin of 50%, yielding $534 million for the quarter.
9. Enphase Energy Inc. (NASDAQ:ENPH)
Earlier this month, Graham Stephan appeared on The School of Greatness podcast with Lewis Howes and discussed his investments with Enphase Energy Inc. (NASDAQ:ENPH) featured in the conversation. Stephan talked about building a million dollar portfolio from nothing. According to Shortform, the investor views stock picking as risky speculation, recounting a costly lesson from investing in individual stocks and losing money. However, he also noted that his portfolio saw individual successes with Tesla and Enphase, and he now kept individual stocks as a tiny portion of his portfolio, recommending diversified index funds to prevent any single misstep from jeopardizing overall wealth.
Enphase Energy Inc. (NASDAQ:ENPH) reported Q1 2026 revenue of $282.9 million, slightly topping consensus forecasts of $281.9 million. The non-GAAP adjusted EPS came in at $0.47 per share, beating market projections of $0.43 to $0.44. The firm remains a cash flow machine. Despite navigating a temporary revenue drop of 28.6% year-over-year due to domestic macro tightening, Enphase Energy generated a powerful $102.9 million in net operating cash flow and $83 million in pure free cash flow, proving that the asset-light manufacturing model it operates has remained structurally profitable during industry downturns.
8. Vanguard Total Stock Market Index Fund ETF Shares (NYSE:VTI)
Graham Stephan is a big proponent of investing in funds like Vanguard Total Stock Market Index Fund ETF Shares (NYSE:VTI). He believes they lower the risk profile of the portfolio. The Vanguard Total Stock Market Index Fund employs an indexing investment approach designed to track the performance of the CRSP US Total Market Index, which represents 100% of the investable US stock market. The Vanguard Total Stock Market Index Fund usually invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the target index.
The top holdings in the Vanguard Total Stock Market Index Fund ETF Shares (NYSE:VTI) include giants like NVIDIA Corporation (NASDAQ:NVDA), Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), and Alphabet Inc. (NASDAQ:GOOG), among others. These stocks are also very popular among hedge funds. The top holdings in the Vanguard Total Stock Market Index Fund are concentrated in the technology, financial services, and communication services sectors. These three make up for 33.5%, 11.9%, and 10.3% of the total portfolio. The fund has $2.2 trillion in net assets with a year-to-date daily total return of around 8.4%.
7. Vanguard S&P 500 ETF (NYSE:VOO)
Vanguard S&P 500 ETF (NYSE:VOO) is another index fund that Graham Stephan has recommended his followers buy on multiple occasions. The Vanguard S&P 500 ETF employs an indexing investment approach designed to track the performance of the Standard & Poor’s 500 Index, a popular benchmark of US stock market performance that is dominated by the stocks of large US companies. The advisor attempts to replicate the target index by investing all, or substantially all, of assets in the stocks that make up the index, holding each stock in approximately the same proportion as the weighting in the index. The fund is non-diversified.
The top holdings in the Vanguard S&P 500 ETF (NYSE:VOO) include companies like Broadcom Inc. (NASDAQ:AVGO), Meta Platforms, Inc. (NASDAQ:META), Tesla, Inc. (NASDAQ:TSLA), and Berkshire Hathaway Inc. (NYSE:BRK-B), among others. These stocks are also very popular among hedge funds. The top holdings in the Vanguard S&P 500 ETF are concentrated in the technology, financial services, and communication services sectors. These three make up for 35.7%, 11.6%, and 11,2% of the total portfolio. The fund has $1.6 trillion in net assets with a year-to-date daily total return of around 8.6%.
6. Vanguard 500 Index Fund (NASDAQ:VFIAX)
Vanguard 500 Index Fund (NASDAQ:VFIAX) is an index fund that Graham Stephan has advocated buying in the past few years. The Vanguard 500 Index Fund employs an indexing investment approach designed to track the performance of the Standard & Poor’s 500 Index, a prominent benchmark of US stock market performance that is dominated by the stocks of large US companies. The advisor attempts to replicate the target index by investing all, or substantially all, of the assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.
The top holdings in the Vanguard 500 Index Fund (NASDAQ:VFIAX) include companies like NVIDIA Corporation (NASDAQ:NVDA), Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), and Alphabet Inc. (NASDAQ:GOOG), among others. These stocks are also very popular among hedge funds. The top holdings in the Vanguard 500 Index Fund (NASDAQ:VFIAX) are concentrated in the technology, financial services, and communication services sectors. These three make up for 35.6%, 11.6%, and 11,2% of the total portfolio. The fund has $1.6 trillion in net assets with a year-to-date daily total return of around 5.7%.
While we acknowledge the potential of VFIAX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VFIAX and that has 100x upside potential, check out our report about the cheapest AI stock.
Click to continue reading and see Graham Stephan Stock Portfolio: Top 5 Stocks.
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