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Top 10 Stocks in the S&P 500 by Index Weight Right Now

In this piece, we will take a look at the top ten stocks in the S&P 500 by index weight right now. If you want to learn more about the latest news for the flagship stock index, check out Top 25 Stocks in the S&P 500 by Index Weight Right Now.

10. JPMorgan Chase & Co. (NYSE:JPM)

ETF Weight: 1.29%

JPMorgan Chase & Co. (NYSE:JPM) is the biggest bank in the world in terms of net assets. It was dealt a setback in April 2024 when a Russian court ordered the seizure of $440 million of funds related to a legal battle.

During December 2023, 103 out of the 933 hedge funds surveyed by Insider Monkey had bought JPMorgan Chase & Co. (NYSE:JPM)’s shares. Ken Fisher’s Fisher Asset Management was the biggest stakeholder, owning $2 billion worth of shares.

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9. Eli Lilly and Company (NYSE:LLY)

ETF Weight: 1.36%

Eli Lilly and Company (NYSE:LLY) is one of the biggest pharmaceutical companies in the world. The firm’s first quarter financials saw it miss analyst revenue estimates, but sales from its GLP-1 weight loss drugs jumped by 26% annually and stood at a cool $2 billion.

As of Q4 2023 end, 102 out of the 933 hedge funds tracked by Insider Monkey were the firm’s shareholders. Eli Lilly and Company (NYSE:LLY) ‘s largest hedge fund investor is Ken Fisher’s Fisher Asset Management due to its $2.6 billion stake.

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8. Broadcom Inc. (NASDAQ:AVGO)

ETF Weight: 1.37%

Broadcom Inc. (NASDAQ:AVGO) is an American semiconductor firm that designs and sells connectivity chips. The shares are rated Buy on average, and the average analyst share price target is  $1,422.

91 out of the 933 hedge funds profiled by Insider Monkey had bought Broadcom Inc. (NASDAQ:AVGO)’s shares as of December 2023. Ken Fisher’s Fisher Asset Management owned the biggest stake which was worth $2.3 billion.

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7. Berkshire Hathaway Inc. (NYSE:BRK-B)

ETF Weight: 1.69%

Berkshire Hathaway Inc. (NYSE:BRK-B) is one of the biggest investment holding companies in the world. Run by Warren Buffett, its utility holding is facing a massive $30 billion fine in the wake of wildfires.

After digging through 933 hedge funds for their fourth quarter of 2023 shareholdings, Insider Monkey found that 117 had invested in the firm. Berkshire Hathaway Inc. (NYSE:BRK-A)’s largest investor in our database is Michael Larson’s Bill & Melinda Gates Foundation Trust through its $7.1 billion investment.

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6. Alphabet Inc. (NASDAQ:GOOG)

ETF Weight: 1.93%

Alphabet Inc. (NASDAQ:GOOG) is an American technology company headquartered in Mountain View, California. A rather scandalous report in April 2024 shared that its AI talent is on Apple’s radar, with the former having poached several Google employees.

During 2023’s December quarter, 166 out of the 933 hedge funds part of Insider Monkey’s database were Alphabet Inc. (NASDAQ:GOOG)’s shareholders. Ken Fisher’s Fisher Asset Management owned the biggest stake which was worth $6.3 billion.

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5. Meta Platforms, Inc. (NASDAQ:META)

ETF Weight: 2.22%

Meta Platforms, Inc. (NASDAQ:META) is the holding company for Facebook, Instagram, and WhatsApp. After a weak first quarter earnings report that sent the stock tumbling, its troubles appear to be far from over as the EU has opened a new investigation into the firm.

For their shareholdings during last year’s December quarter, 242 out of the 933 hedge funds tracked by Insider Monkey had bought and owned the firm’s shares. Rajiv Jain’s GQG Partners is Meta Platforms, Inc. (NASDAQ:META) largest stakeholder among these due to its $3.9 billion investment.

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4. Amazon.com, Inc. (NASDAQ:AMZN)

ETF Weight: 3.85%

Amazon.com, Inc. (NASDAQ:AMZN) is one of the biggest eCommerce retailers in the world. The firm is another highly rated S&P 500 stock, as the shares are rated Strong Buy on average and the average analyst share price target is $212.71.

After digging through 933 hedge fund portfolios for their fourth quarter of 2023 investments, Insider Monkey found that 293 were Amazon.com, Inc. (NASDAQ:AMZN)’s shareholders. Ken Fisher’s Fisher Asset Management owned the biggest stake which was worth $6.3 billion.

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3. NVIDIA Corporation (NASDAQ:NVDA)

ETF Weight: 5.04%

NVIDIA Corporation (NASDAQ:NVDA) is the world’s leading GPU designer and seller. Morgan Stanley’s Joseph Moore was out with a bullish prediction for the firm in April 2024 when he shared that the stock could soar to $1,000 over the next 12 months.

During last year’s final quarter, 173 out of the 933 hedge funds covered by Insider Monkey’s research had invested in the firm. Rajiv Jain’s GQG Partners was the largest shareholder through its $6.8 billion investment.

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2. Apple Inc. (NASDAQ:AAPL)

ETF Weight: 5.86%

Apple Inc. (NASDAQ:AAPL) is the American personal computing giant based in Cupertino, California. The shares are rated Buy on average, and the average analyst share price target is $198.

For their fourth quarter of 2023 shareholdings, 131 out of the 933 hedge funds profiled by Insider Monkey were Apple Inc. (NASDAQ:AAPL)’s investors. Warren Buffett’s Berkshire Hathaway owned the biggest stake which was worth $174 billion.

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1. Microsoft Corporation (NASDAQ:MSFT)

ETF Weight: 6.95%

Microsoft Corporation (NASDAQ:MSFT) is a software and cloud computing firm based in Redmond, Washington. It and AI protege OpenAI were sued by US publishers in April 2024 for using the publishers’ work to train AI models.

As of  Q4 2023 end, 302 out of the 933 hedge funds part of Insider Monkey’s database had invested in the firm. Microsoft Corporation (NASDAQ:MSFT)’s largest stakeholder is Michael Larson’s Bill & Melinda Gates Foundation Trust through its $14.3 billion investment.

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Disclosure: None. You can also take a look at the Top 10 Artificial Intelligence (AI) SEO Tools in 2024 and 20 Countries That Produce the Most Gold in the World.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

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We looked under the cover and realized they were wrong.

We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

While the market panics over a surface-level revenue decline, our PhD-led research shows management has actually surgically cut $100 million in waste to focus on high-margin growth.

This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

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