In this article, we discuss Man GLG’s 10 stock picks with the highest upside potential.
The billionaire investor Noam Gottesman co-founded GLG Partners, which is now part of the Man Group and is known as Man GLG. Gottesman was known for long-term diversified hedge fund strategies and discretionary investment management. The fund, founded in 1995 and acquired by Man Group plc for $1.6 billion in 2010, has since evolved into a multi-strategy fund manager that focuses on equity long-short, emerging markets, and long-only mutual funds. Following the acquisition, Gottesman had not been involved with the fund since at least 2012.
Post-acquisition, the Man GLG fund integrated quantitative investment capabilities with discretionary hedge fund strategies, forming one of the most diversified platforms in alternative asset management. The fund boasts $41.3 billion in assets under management (AUM) as of May 8, 2025, according to AUM 13F.
As of Q2 2025, Nvidia became the fund’s largest holding after it increased its stake in the tech giant by 49% in the quarter. The fund’s concentration in technology giants is maintained, as Microsoft, Apple, Amazon, and Alphabet remain in its top positions. Salesforce emerged as one of the fund’s substantial holdings after Man GLG increased its stake by 270%, bringing the investment to $353.09 million.
On the markets front, the focus is expected to remain on the upcoming earnings results. Louis Navellier, founder and chief investment officer at Navellier & Associates, commented, “This is a good sign that big multinational stocks are posting better than expected results. This essentially means the Q3 announcement season is off to a strong start and that we are going to have a great year-end rally.”
Given the fund’s focus on market-leading companies, it’s essential that we highlight its top picks. Thus, let’s jump to our list of Man GLG’s 10 stock picks with the highest upside potential.
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Our Methodology
To curate our list of Man GLG’s 10 stock picks with the highest upside potential, we scanned Man GLG’s Q2 2025 13F filings, using Insider Monkey’s 13-F database. Next, we filtered for the stocks with the strongest upside potential based on Wall Street analysts’ price targets as of October 24, 2025. Finally, we shortlisted the 10 best stocks and present our list below in ascending order based on each stock’s upside potential.
We have added the performance of each stock from the end of Q2 2025 to October 24, providing readers with insight into how Man GLG’s portfolio picks have played out during this period.
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).
10. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Upside Potential: 13.71%
Share Price Return Between July 1 and October 24: +31.28%
Man GLG holds $238.58 million worth of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), representing 0.45% of its 13-F portfolio. Thus, the company is included in Man GLG’s list of 10 stock picks with the highest upside potential.
During its earnings call for the third quarter on October 16, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) highlighted its capex plan alongside its guidance for the fourth quarter.
For Q3, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) recorded $33.09 billion in consolidated revenue and $15.10 billion in net income. The company narrowed its 2025 capital expenditure guidance to between $40 billion and $42 billion. This is an increase from its prior range of $38 billion to $42 billion, reflecting continued strength in AI-related demand. Out of this, 70% of the budget is dedicated to the company’s advanced process technologies, while 10-20% each will be utilized in specialty technologies and advanced packaging, testing, and other areas.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) reassured its investors that this higher capital spending will continue to drive future growth opportunities and help it deliver profitable returns to shareholders.
At the same time, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) issued its Q4 guidance, according to which it expects revenue between $32.2 billion and $33.4 billion, reflecting a 22% year-over-year increase at the midpoint. Meanwhile, gross margin is expected to be between 59% and 61% and operating margin is projected to range between 49% and 51%. The company assumed an exchange rate of USD 1 to TWD 30.6.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) serves leading global technology companies by designing and manufacturing integrated circuits and advanced semiconductors.
9. Capital One Financial Corporation (NYSE:COF)
Upside Potential: 15.57%
Share Price Return Between July 1 and October 24: +4.57%
Man GLG holds $11.12 million worth of Capital One Financial Corporation (NYSE:COF) stock, representing 0.02% of its 13-F portfolio as of Q2 2025. The company is included in Man GLG’s 10 stock picks with the highest upside potential.
On October 22, 2025, Morgan Stanley raised its price target on Capital One Financial Corporation (NYSE:COF) from $267 to $272, while maintaining an “Overweight” rating.
The raised target by the investment firm reflects Capital One Financial Corporation (NYSE:COF)’s strong third-quarter 2025 results, bolstered by its acquisition of Discover Financial Services earlier in May. The company’s Q3 results surpassed Wall Street estimates, driven by improved credit quality performance.
Morgan Stanley highlighted improving credit trends, supported by a resilient customer base, as well as its subprime auto lending business. Furthermore, the firm cited the company’s capital return program, including a new $16 billion share repurchase authorization, an accelerated buyback plan, and a 33% dividend increase. Capital One Financial Corporation (NYSE:COF)’s new 11% capital target reflects the company’s focus on balance sheet strength and sustained shareholder returns following the Discover acquisition.
Capital One Financial Corporation (NYSE:COF), a financial services holding company, operates through Credit Card, Consumer Banking, and Commercial Banking segments.
8. Uber Technologies, Inc. (NYSE:UBER)
Upside Potential: 15.68%
Share Price Return Between July 1 and October 24: +2.11%
Man GLG holds $262.56 million worth of Uber Technologies Inc. (NYSE:UBER) stock, representing 0.5% of its 13-F portfolio as of Q2 2025. The company is one of Man GLG’s 10 stock picks with the highest upside potential.
On October 21, 2025, Bernstein reaffirmed its “Outperform” rating on Uber Technologies, Inc. (NYSE:UBER) with a $110 price target.
The investment firm’s bullish stance reflects expectations for steady third-quarter results. It expects roughly 19% year-over-year growth in the company’s Mobility segment. The firm also projects 15%-16% organic growth in the Delivery segment, excluding Trendyol Go.
While mild weakness in U.S. app engagement in September was noted, which impacted both the Mobility and Delivery segments, Bernstein highlighted that international demand has remained stable. Despite this dip in third-party app data, the firm does not see it as material.
Uber Technologies, Inc. (NYSE:UBER)’s positive commentary in early September, alongside its sustained global spending trends, reinforced the firm’s bullish stance.
Uber Technologies, Inc. (NYSE:UBER), a global platform, offers ridesharing, delivery, and freight services, as well as AI-driven data solutions for enterprises.
7. Meta Platforms, Inc. (NASDAQ:META)
Upside Potential: 17.60%
Share Price Return Between July 1 and October 24: +2.66%
Man GLG holds $638.28 million worth of Meta Platforms, Inc. (NASDAQ:META) shares, representing 1.22% of its 13-F portfolio as of Q2 2025. The company is one of Man GLG’s stock picks with the highest upside potential.
On October 21, 2025, Meta Platforms, Inc. (NASDAQ:META) finalized a $27 billion financing deal with Blue Owl Capital to fund its largest-ever data center project in Louisiana, Reuters reported.
With the Hyperion project, Meta Platforms, Inc. (NASDAQ:META) aims to deliver over 2 gigawatts of computing capacity to train large language models that power tools like ChatGPT and Google Gemini. With the deal, Meta secures its 20% ownership stake, with Blue Owl’s managed funds holding the remaining majority stake, including a $7 billion cash contribution.
Meta Platforms, Inc. (NASDAQ:META), which received an upfront payment of approximately $3 billion, expects the facility to create over 500 jobs once operational. With this deal, the company reinforces its commitment to scaling AI capabilities amid an estimated $400 billion industry-wide investment in AI infrastructure this year.
Through its family of apps and devices, including Facebook, Instagram, WhatsApp, and Reality Labs’ virtual and mixed reality products, Meta Platforms, Inc. (NASDAQ:META) develops social networking and communication technologies.
6. Amazon.com, Inc. (NASDAQ:AMZN)
Upside Potential: 19.50%
Share Price Return Between July 1 and October 24: +1.70%
Man GLG holds $811.49 million worth of Amazon.com Inc. (NASDAQ:AMZN) stock, representing 1.55% of its 13-F portfolio as of Q2 2025. The company is one of Man GLG’s 10 stock picks with the highest upside potential.
On October 22, 2025, Morgan Stanley reiterated its “Outperform” rating on Amazon.com, Inc. (NASDAQ:AMZN) with a $300 price target.
The investment firm’s bullish stance reflects Amazon.com, Inc. (NASDAQ:AMZN)’s increasing investment in robotic and AI-powered fulfillment centers, which could yield $2-4 billion in annual savings by 2027. With the company scaling to around 40 next-generation robotic sites, including its prototype facility in Shreveport, Louisiana, it looks on track to achieve major warehouse efficiencies.
The firm notes that about 10% of Amazon.com, Inc. (NASDAQ:AMZN)’s global units could be handled by these automation-driven warehouses, reducing fulfillment costs by up to 40%. This could also mean nearly 160,000 U.S. workers would not need to be hired.
Meanwhile, Morgan Stanley believes Amazon.com, Inc. (NASDAQ:AMZN)’s GenAI-led innovations in retail are underappreciated, while acknowledging that AWS remains the company’s key short-term growth driver.
Amazon.com, Inc. (NASDAQ:AMZN) is a global online marketplace operator, a maker of consumer electronics, and a provider of digital streaming and cloud computing services through Amazon Web Services (AWS).
5. NVIDIA Corporation (NASDAQ:NVDA)
Upside Potential: 19.63%
Share Price Return Between July 1 and October 24: +21.50%
Man GLG holds $1.66 billion worth of NVIDIA Corporation (NASDAQ:NVDA) shares, representing 3.17% of its 13-F portfolio as of Q2 2025. The company is included in Man GLG’s 10 stock picks with the highest upside potential.
So far in October, analyst sentiment remains broadly upbeat toward NVIDIA Corporation (NASDAQ:NVDA), with the semiconductor giant continuing to dominate the artificial intelligence landscape.
On October 9, 2025, Cantor Fitzgerald raised its price target on NVIDIA Corporation (NASDAQ:NVDA) from $240 to $300, while maintaining an “Overweight” rating after holding meetings with the company’s management. The investment firm cited the AI market as the “early innings of a multi-trillion AI infrastructure build-out.” As such, the firm expects Nvidia to capture 75% of the AI accelerator market and reach $11 EPS by 2027.
Meanwhile, on October 13, 2025, Mizuho raised its price target on NVIDIA Corporation (NASDAQ:NVDA) from $205 to $225, with an “Outperform” rating. The firm projected over $300 billion in AI data center revenue for the company by 2028.
Additionally, the most recent analyst rating on NVIDIA Corporation (NASDAQ:NVDA) was Piper Sandler’s “Overweight” with a $225 target. The firm pointed to sustained demand that continues to outpace supply amid lingering China-related constraints.
NVIDIA Corporation (NASDAQ:NVDA) is a global graphics, compute, and networking solutions provider, offering accelerated computing for data centers, AI software, networking, automotive platforms, robotics, and DGX cloud computing services.
4. Carvana Co. (NYSE:CVNA)
Upside Potential: 21.26%
Share Price Return Between July 1 and October 24: +3.83%
Man GLG holds $121.39 million worth of Carvana Co. (NYSE:CVNA) stock, representing 0.23% of its 13-F portfolio. The company is included in Man GLG’s 10 stock picks with the highest upside potential.
On October 21, 2025, JPMorgan increased its price target on Carvana Co. (NYSE:CVNA) from $425 to $490, while maintaining an “Overweight” rating.
Ahead of Carvana Co. (NYSE:CVNA)’s upcoming Q3 earnings release on October 29, the investment firm added the stock to its “Positive Catalyst Watch.” The firm believes the company will report another beat in Q3, leading to raised guidance. Furthermore, JPMorgan notes the company’s operational strength has earned it a competitive edge in the industry. Moreover, the firm dismissed concerns over consumer and auto credit, calling them overstated.
The same day, Carvana Co. (NYSE:CVNA) announced the expansion of its same-day vehicle delivery service to the greater San Diego area. Within the last month, the company announced expansions in Salt Lake City, San Francisco, and Seattle.
Carvana Co. (NYSE:CVNA) runs an e-commerce platform, enabling the buying and selling of used cars in the U.S.
3. Netflix, Inc. (NASDAQ:NFLX)
Upside Potential: 23.08%
Share Price Return Between July 1 and October 24: −15.38%
Man GLG holds $234.62 million in Netflix Inc. (NASDAQ:NFLX) shares, representing 0.45% of its 13-F portfolio. The company is one of Man GLG’s 10 stock picks with the highest upside potential.
On October 22, 2025, Canaccord Genuity reiterated its “Buy” rating on Netflix, Inc. (NASDAQ:NFLX) with a $1,525 price target.
The investment firm’s bullish stance came after Netflix Inc. (NASDAQ:NFLX)’s earnings release for Q3 2025. Steady subscriber engagement, alongside a strong content pipeline, helped the company accelerate its total viewing hours compared to the first half of 2025, resulting in revenue of $11.51 billion that met analysts’ expectations.
Meanwhile, Netflix, Inc. (NASDAQ:NFLX) reported record advertising sales during the quarter, which it expects to more than double in 2025. This reflects strong momentum in the company’s programmatic ad business. The company’s operating income fell short of guidance due to a $619 million Brazilian tax charge. During the earnings call, Chief Financial Officer Spence Neumann stated:
“It is not a tax that’s specific to Netflix. It’s not even specific to streaming. Absent this expense, we would have exceeded our Q3 2025 operating income and operating margin forecast, and we don’t expect this matter to have a material impact on our results going forward.”
Canaccord Genuity views Netflix Inc. (NASDAQ:NFLX) as a long-term investment, thanks to its record viewership in the U.S. and U.K. during Q3, alongside its ongoing improvement in profitability. The firm believes there’s a limited upside for second-half revenue, attributing it to the company’s post-earnings dip.
Offering TV series, films, documentaries, and games across various genres and languages, Netflix, Inc. (NASDAQ:NFLX) is a renowned global streaming platform.
2. Salesforce, Inc. (NYSE:CRM)
Upside Potential: 30.21%
Share Price Return Between July 1 and October 24: −6.28%
Man GLG holds $353.09 million worth of Salesforce, Inc. (NYSE:CRM) stock, representing 0.67% of its 13-F portfolio as of Q2 2025. The company is one of Man GLG’s 10 stock picks with the highest upside potential.
On October 17, 2025, TD Cowen reiterated its “Buy” rating on Salesforce, Inc. (NYSE:CRM) with a $335 price target.
The investment firm’s bullish stance stems from Salesforce, Inc. (NYSE:CRM)’s strong enterprise software positioning amid ongoing AI disruption concerns. At the Analyst Day at Dreamforce, the company disclosed its fiscal 2030 targets, including over $60 billion in annual revenue and an organic growth CAGR of over 10%.
TD Cowen highlighted Salesforce, Inc. (NYSE:CRM)’s growing edge with the help of the integration of its deterministic business logic, Customer 360 platform, and AI-driven Agentforce ecosystem. With the company’s shares trading near 15x the estimated 2026 enterprise value-to-free cash flow, TD Cowen sees scope for valuation expansion as AI adoption deepens.
Salesforce, Inc. (NYSE:CRM) delivers cloud-based customer relationship management, AI solutions, and digital labor platforms globally.
1. MercadoLibre, Inc. (NASDAQ:MELI)
Upside Potential: 33.13%
Share Price Return Between July 1 and October 24: −13.60%
Man GLG holds $28.29 million worth of MercadoLibre Inc. (NASDAQ:MELI) shares, representing 0.05% of its 13-F portfolio as of Q2 2025. The company is included in Man GLG’s 10 stock picks with the highest upside potential.
On October 22, 2025, UBS reaffirmed its “Buy” rating on MercadoLibre, Inc. (NASDAQ:MELI) with a $3,000 price target.
The investment firm’s bullish stance comes despite MercadoLibre, Inc. (NASDAQ:MELI)’s 20% decline following changes to its free-shipping policy. The fall in share prices reflects market skepticism over potential margin pressure from both the free-shipping policy and higher spending on the platform, UBS noted.
The investment firm also highlighted increasing competition and economic volatility in Argentina as factors impacting margins. Yet the firm pointed to continued momentum in MercadoLibre, Inc. (NASDAQ:MELI)’s fintech arm that supports robust performance. The stock’s underperformance already incorporates consensus expectations of a nearly 160-basis-point quarter-over-quarter margin decline, UBS further noted.
The firm believes that MercadoLibre, Inc. (NASDAQ:MELI) is trading at roughly 33 times its expected 2026 earnings, roughly 20% below its one-year average. This makes the stock relatively cheaper compared to its previous valuations.
MercadoLibre, Inc. (NASDAQ:MELI) offers marketplace, payments, and logistics solutions through its leading e-commerce and fintech platforms, which it operates across Brazil, Mexico, and Argentina.
While we acknowledge the potential of MELI 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 MELI and that has 100x upside potential, check out our report about this cheapest AI stock.
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