In this article, we will discuss the Top 10 Large Cap Value Stocks to Buy Now.
On June 9, Tom Lee, Fundstrat Managing Partner, appeared on CNBC’s ‘Power Lunch’ to discuss the latest market action. Analyzing the sharp differences in market performance between the previous Friday and the current day, Lee explained that investors have been worried about the air gap because many stocks moved upward very quickly, leading to three specific jitters emerging last week: concerns regarding the strength of the AI trade following guidance from Broadcom; the realization that the public is being asked to fund a massive amount of equity (including $80 billion from Google, $75 billion from SpaceX, $100 billion from OpenAI, $75 billion from Anthropic), and a filing from Meta; and geopolitical tensions, specifically nervousness regarding potential conflict in Iran over the weekend. Despite these pullbacks, Lee maintains that the bull market is in very good shape and remains intact
Regarding the broader stock market, while some Mag 7 stocks are down and the Dow is slightly lower, the Nasdaq 100 remains up 2%, and the averages have recovered. Discussing whether the market ending the day lower after a morning boom would change his outlook, Lee explained that markets will face tension until June 12th because a large group of his institutional investor clients believe that the SpaceX IPO will mark the market top, leading them to take profits and act cautiously. Lee contends that these concerns are misplaced, arguing that history shows big IPOs do not necessarily mark the market top. He pointed out that there is still $7 trillion in cash on the sidelines and that the book for the IPO is already filled by high-net-worth clients. Consequently, he believes that the market will not only absorb the IPO well but will also perform well post-IPO.
Our Methodology
We used screeners to identify stocks with market caps between $10 billion and $200 billion that are trading below a forward P/E of 15, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Note: All data was sourced on June 8.
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. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
Top 10 Large Cap Value Stocks to Buy Now
10. Banco Santander (NYSE:SAN)
Number of Hedge Fund Holders: 25
Banco Santander (NYSE:SAN) is one of the top large cap value stocks to buy now. On May 5, Banco Santander and Uber announced a strategic partnership to launch a financing platform of up to €1 billion designed to support Uber’s major fleet operators across Europe. This three-year funding initiative aims to provide professional operators in key markets, including Spain, Germany, and Italy, with the flexible capital needed to scale their businesses and modernize their fleets.
The program is tailored to the specific financial requirements of fleet operators, helping them optimize performance and maintain service reliability for riders. Beyond immediate growth, the collaboration is intended to lay a stronger foundation for Uber’s long-term objectives, including the future integration of autonomous vehicle technology and broader urban mobility expansion.
Santander Executive Chair Ana Botín highlighted the bank’s role in supporting service quality and scalability. At the same time, Uber CEO Dara Khosrowshahi noted that the platform will enable partners to upgrade vehicles and operate more efficiently. The financing will be deployed gradually based on market demand, risk analysis, and the ongoing onboarding of high-quality fleet partners.
Banco Santander is a Spain-based company that operates as a retail and commercial bank. Its segments are scattered across Continental Europe, the UK, Latin America, and the US.
9. TotalEnergies (NYSE:TTE)
Number of Hedge Fund Holders: 30
TotalEnergies (NYSE:TTE) is one of the top large cap value stocks to buy now. On May 12, TotalEnergies, in partnership with QatarEnergy and ConocoPhillips, signed an MoU with the Syrian Petroleum Company to explore Block 3 offshore in the Mediterranean Sea. The agreement initiates a technical review of the area and establishes a formal framework for future technical and commercial discussions regarding potential exploration activities.
Julien Pouget, Senior Vice President for the Middle East and North Africa at TotalEnergies, expressed satisfaction at renewing the partnership with the Syrian Petroleum Company, citing their long-standing collaboration from 1988 to 2011. The company plans to work closely with its partners to evaluate the potential for offshore exploration within the region.
This move aligns with TotalEnergies’ (NYSE:TTE) global strategy as an integrated energy company focused on producing and marketing a diverse range of energy sources. Operating in ~120 countries, the firm continues to prioritize sustainability across its projects while seeking to provide reliable and affordable energy solutions worldwide.
TotalEnergies is a global multi-energy company that produces and markets oil, biofuels, natural gas, renewables, and electricity.
8. Rio Tinto (NYSE:RIO)
Number of Hedge Fund Holders: 40
Rio Tinto (NYSE:RIO) is one of the top large cap value stocks to buy now. On June 1, Sandvik entered into a collaboration with Rio Tinto to develop and integrate its i-series surface drill rigs with Rio Tinto’s existing Autonomous Drilling System. By combining Sandvik’s AutoMine automation technology with Rio Tinto’s experience in remote operations, the partnership aims to enhance safety, productivity, and system interoperability across open-pit mining environments.
The development process will be managed through Rio Tinto’s Operations Centre in Perth, starting with testing at Sandvik’s test facility in Finland. These initial phases will be followed by site-based field trials at Rio Tinto’s operations in Western Australia, where the companies will assess the technology’s performance against specific production targets.
This project builds upon existing autonomous infrastructure at Rio Tinto’s (NYSE:RIO) iron ore sites and reflects Sandvik’s focus on scalable, interoperable automation. The collaboration comes as both companies pursue separate growth initiatives, including Sandvik’s recent equipment orders for copper mine projects and Rio Tinto’s ongoing $1.5 billion smelter expansion in Quebec, which is expected to conclude by the end of 2026.
Rio Tinto is a diversified global mining company that engages in exploring, mining, and processing mineral resources worldwide.
7. Novo Nordisk (NYSE:NVO)
Number of Hedge Fund Holders: 55
Novo Nordisk (NYSE:NVO) is one of the top large cap value stocks to buy now. On June 8, Novo Nordisk presented Phase 3 results from its REIMAGINE 1–3 clinical program at the 2026 American Diabetes Association Scientific Sessions. The trials showed that the investigational treatment CagriSem, a once-weekly combination of an amylin analog and a GLP-1 receptor agonist, achieved significant, consistent reductions in both HbA1c levels and body weight across diverse groups of adults with type 2 diabetes.
This combination therapy leverages the synergistic effects of two distinct hormonal pathways to improve glucose regulation and appetite control. Novo Nordisk’s Chief Scientific Officer, Martin Holst Lange, highlighted the therapy’s potential to become a first-in-class treatment option, showing promise for patients at various stages of diabetes management, ranging from initial therapy to insulin add-on.
The findings, simultaneously published in The Lancet and The Lancet Diabetes & Endocrinology, follow previous data from the REDEFINE program. By addressing multiple pathways of metabolic health, the REIMAGINE trials validate the clinical utility of pairing cagrilintide with semaglutide, offering a potential new strategy for patients who may require advanced approaches to managing their diabetes.
Novo Nordisk is a drug manufacturer for global pharmaceutical products that operates through two segments: Obesity & Diabetes Care and Rare Disease. The company was founded in 1923 and is headquartered in Denmark.
6. Amgen Inc. (NASDAQ:AMGN)
Number of Hedge Fund Holders: 65
Amgen Inc. (NASDAQ:AMGN) is one of the top large cap value stocks to buy now. On June 7, Amgen presented new Phase 3 data from the VESALIUS-CV trial at the American Diabetes Association’s 86th Scientific Sessions, demonstrating that Repatha significantly reduces cardiovascular risk in patients with high-risk diabetes. In a subgroup of 6,002 patients with elevated LDL-C but no history of heart attack or stroke, the addition of Repatha to existing lipid-lowering therapies reduced the risk of major adverse cardiovascular events by 29% compared to a placebo.
Dr. Jay Bradner, Amgen’s EVP of Research and Development, emphasized that early and intensive LDL-C reduction is vital for preventing cardiovascular events in this vulnerable population. The findings held consistent regardless of whether patients were concurrently using SGLT2 inhibitors or GLP-1 receptor agonists, underscoring the necessity of managing multiple risk factors, particularly uncontrolled LDL-C, in individuals living with diabetes.
Beyond the VESALIUS-CV results, Amgen shared real-world evidence identifying significant treatment gaps in current diabetes and obesity care. Studies indicated that low treatment persistence and adherence to GLP-1 therapies often lead to less effective outcomes in clinical practice than those observed in trials. Amgen Inc. noted that these findings highlight a critical need for new care strategies and treatment approaches that help patients sustain therapy to achieve long-term metabolic health goals.
Amgen Inc. is a drug manufacturer that delivers human therapeutics through pharmaceutical wholesale distributors. The company was founded in 1980 and is headquartered in California.
5. AT&T Inc. (NYSE:T)
Number of Hedge Fund Holders: 72
AT&T Inc. (NYSE:T) is one of the top large cap value stocks to buy now. On June 3, AT&T expanded its partnership with Rivian to provide 5G connectivity for the upcoming R2 vehicle platform in the US and Canada. This integration supports a software-defined driving experience by enabling seamless over-the-air updates, improved infotainment, and real-time access to digital services and AI-powered features.
The collaboration builds on an existing relationship established in 2023, positioning AT&T Inc. as the primary connectivity provider for Rivian’s entire vehicle lineup. By using 5G’s speed and low latency, the R2 will be able to evolve its capabilities and performance throughout the vehicle’s lifecycle, long after it leaves the factory.
Both companies emphasized that connectivity is central to the future of automotive design and innovation. The initiative allows R2 owners to benefit from a continuously improving machine that supports advanced applications, such as streaming services and the Rivian Assistant, through a more responsive and reliable network infrastructure.
AT&T Inc. is a telecom and tech services company that operates through the Communications and Latin America segments. The Communications segment offers wireline telecom, wireless, and broadband services in the US and globally, while the Latin America segment manages services in Mexico.
4. Verizon Communications Inc. (NYSE:VZ)
Number of Hedge Fund Holders: 75
Verizon Communications Inc. (NYSE:VZ) is one of the top large cap value stocks to buy now. On May 6, Verizon announced that the company unveiled new disaster-response technologies ahead of the 2026 hurricane season, led by “Digital Twin” modeling. By using AI and drone-captured 3D imagery to compare pre- and post-storm conditions, engineers can pinpoint network damage instantly, allowing for faster repairs and safer, more efficient restoration planning.
To maintain service when fiber lines fail, Verizon Communications Inc. has expanded its satellite fleet to 2,600 assets. This includes the new Multi-Orbit Off-Road Trailer, which can toggle between GEO and LEO satellites and deploy 5G hotspots, ensuring flexible, reliable connectivity for first responders in off-road environments where traditional infrastructure may be inaccessible.
Beyond technology, Verizon is enhancing its human response capabilities through specialist teams like Frontline Crisis Response, MERIT, and DIRT. The company has also launched the “Verizon Disaster Response Corps,” an industry-first partnership with the American Red Cross that trains employee volunteers to assist communities directly within disaster shelters.
Verizon Communications Inc. operates as a holding company and, through its subsidiaries, provides communications, technology, information, and streaming services to consumers, businesses, and government customers. Its Consumer segment offers both wireless and wireline communication services.
3. Gilead Sciences Inc. (NASDAQ:GILD)
Number of Hedge Fund Holders: 77
Gilead Sciences Inc. (NASDAQ:GILD) is one of the top large cap value stocks to buy now. On June 8, Gilead Sciences and Merck announced positive topline results from two Phase 3 clinical trials, ISLEND-1 and ISLEND-2, evaluating their investigational once-weekly oral HIV treatment. The regimen, which combines islatravir and lenacapavir, successfully met its primary efficacy endpoint at Week 48 in both studies, showing statistical non-inferiority when compared to daily standard-of-care antiretroviral therapies.
This novel combination uses two distinct mechanisms of action: islatravir, a next-generation nucleoside analog, and lenacapavir, a first-in-class capsid inhibitor that disrupts the HIV lifecycle at multiple stages. The companies reported that the safety profile of the once-weekly tablet was generally comparable to existing treatments, with no new safety concerns identified throughout the trials.
If approved, the regimen would become the first long-acting oral HIV treatment taken only once per week, offering patients increased flexibility and discretion. Gilead Sciences Inc. and Merck plan to submit these Phase 3 findings to global regulatory authorities and present detailed data at an upcoming scientific congress to further support the development of this potential new standard of care.
Gilead Sciences Inc. is a drug manufacturer that develops medicines for unmet medical needs. The company provides treatments for HIV-1, chronic hepatitis C, primary biliary cholangitis, chronic hepatitis B, and serious invasive fungal infections. It also offers T-cell and CAR T-cell therapies for adult patients, intravenous injections, and treatments for COVID-19.
2. The Charles Schwab Corporation (NYSE:SCHW)
Number of Hedge Fund Holders: 101
The Charles Schwab Corporation (NYSE:SCHW) is one of the top large cap value stocks to buy now. On May 27, Charles Schwab launched the Schwab Moneywise Momentum Grants, an annual program seeking applications from nonprofit organizations. This initiative aims to support creative, practical solutions that help individuals develop the financial knowledge and confidence necessary for informed decision-making.
This $2 million annual grant program is a key component of the Foundation’s broader $20 million, multi-year commitment to improving financial literacy across the US. It is designed to address unmet needs and reach learners through innovative methods, particularly benefiting those who currently lack access to quality educational resources.
By funding these new projects, the program complements the Foundation’s existing national partnerships with organizations such as the Boys & Girls Clubs of America and Junior Achievement USA. The effort underscores a long-term dedication to fostering financial stability for individuals, families, and their communities.
The Charles Schwab Corporation is a savings and loan holding company. Through its subsidiaries, it provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services.
1. Salesforce Inc. (NYSE:CRM)
Number of Hedge Fund Holders: 101
Salesforce Inc. (NYSE:CRM) is one of the top large cap value stocks to buy now. On June 8, Salesforce signed a definitive agreement to acquire m3ter, a leading metering and rating platform specializing in consumption-based monetization. By integrating m3ter’s high-volume capabilities into its Agentforce Revenue Management system, Salesforce aims to provide enterprises with the tools to implement, track, and bill for flexible, usage-based pricing models essential for the AI era.
The m3ter platform enables real-time ingestion of product usage data, allowing businesses to configure complex billing scenarios and automate data flows across their existing CRM, ERP, and quote-to-cash systems. This move is designed to offer customers greater revenue growth flexibility without requiring them to leave the Salesforce ecosystem.
The transaction is expected to close in Q2 of Salesforce’s fiscal year 2027, pending standard closing conditions. According to leadership, the acquisition will allow Salesforce Inc. to scale these advanced billing capabilities across its global customer base, facilitating a shift from traditional subscriptions to modern, AI-driven pricing.
Salesforce Inc. is a global enterprise software company that provides CRM and cloud-based business applications across sales, service, marketing, commerce, and data analytics. Its Customer 360 platform, powered by data tools and trusted AI, enables organizations to unify customer data and drive personalized engagement.
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