In this article, we explore the Top 30 S&P 500 Stocks by Index Weight.

It’s been a turbulent year for the S&P 500 amid heightened volatility, driven by monetary policy uncertainty and inflationary concerns, and exacerbated by geopolitical tensions. At the beginning of the year, it was expected that the index would continue its bull run into the fourth year. After a strong start to record highs, the market pulled back amid the escalation of conflict in the Middle East.

The S&P 500 has experienced a roller coaster, first powering above the 7000 handle before pulling back into correction territory. Fast forward, the index has staged a recovery to pre-war levels and back to record highs amid renewed interest in risk.

The consensus on Wall Street is optimistic after the recent bounce back, even though the market is back at all-time highs. Barclays is one of the investment banks that are bullish, having raised its S&P 500 target to 7,650 from 7,400.

Head of US Equity at Barclays, Venu Krishna, insists tech stocks will continue to drive market growth, with a potential 11% upside.

“The macro backdrop has become more fragile… But we believe the U.S. continues to offer stronger nominal growth than other major economies and a secular growth engine in Technology that shows few signs of slowing… “We are incrementally bullish on US equities,” Krishna Notes.

Strategists at Goldman Sachs share similar sentiments, insisting that tech stocks are trading at a discount after the recent pullback. Led by chief global equity strategist Peter Oppenheimer, the strategists see a value opportunity. BlackRock has also turned overweight US stocks, buoyed by the truce between the US and Iran.

“We turn moderately positive risk and like US stocks as a relative preference, seeing them holding up better even if absolute performance disappoints,” BlackRock said in a statement.

Meanwhile, JPMorgan slashed its S&P 500 outlook to 7,200 from 7,500. The investment bank has also warned that the index could plunge below the 6,000 level should headwinds in the market due to the Iran war persist. Strategists at Bank of America see the S&P 500 at around 7,100 by year’s end, concerned by multiple compressions and rich valuations.

Our Methodology

For this list, we chose the top 30 S&P 500 constituents in terms of index weight. We have also mentioned the Q4 2025 hedge fund sentiment around these stocks. The list is ranked in ascending order based on the stock’s index weight in the S&P 500 (as of April 18).

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows 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).

Top S&P 500 Stocks by Index Weight

30. GE Aerospace (NYSE:GE)

Index Weight: 0.51%

Number of Hedge Fund Holders: 117

GE Aerospace (NYSE:GE) is one of the top S&P 500 stocks by index weight. On April 1, analysts at Wells Fargo initiated coverage of GE Aerospace (NYSE:GE) with an Overweight rating and a $325 price target. The price target is based on a 28x free cash flow multiple applied to the 2028 forecast.

The research firm remains optimistic about GE Aerospace’s prospects, as it expects the LEAP SV ramp to lead to higher-than-anticipated revisions. It also expects the company’s EBIT and free cash flow forecasts to exceed consensus estimates. In addition, there are prospects for further positive revisions due to a faster-than-expected LEAP SV ramp, combined with a higher price than what is modeled.

Similarly, GE Aerospace has partnered with Waygate Technologies to deploy an automated inspection system for GEnx engines to standardize and accelerate inspection of critical parts. Consequently, they have deployed automated Menu Directed Inspection (MDI) templates for GEnx-1B and -2B engine borescope inspections. The templates will help deliver a new level of standardization and automation to the inspection process.

“Together with Waygate Technologies, we’re further integrating automation and AI to help our operators drive more standardization, consistency, and efficiency with video borescope inspections for critical engine parts,” added Nicole Jenkins, Chief MRO Engineer, GE Aerospace.

GE Aerospace (NYSE:GE) designs, develops, and produces jet engines, components, and integrated systems for military, commercial, and business aircraft. Its products and services range from jet engines such as LEAP, GE9X & GEnx to airframes, engine gears, and transmission components and services, among others.

29. Lam Research Corp. (NASDAQ:LRCX)

Index Weight: 0.52%

Number of Hedge Fund Holders: 104

Lam Research Corp. (NASDAQ:LRCX) is one of the top S&P 500 stocks by index weight. On April 13, analysts at Stifel reiterated their Buy rating on Lam Research Corp. (NASDAQ:LRCX) and raised their price target to $300 from $280.

The price target hike underscores the research firm’s confidence that the company is capitalizing on its greater exposure and responsiveness to wafer fabrication equipment. According to the research firm, the stock has significant upside, with exposure expected to boost earnings in the upcoming season. Stifel also remains upbeat about sector fundamentals, which justify the stock’s Buy rating at current levels.

On the other hand, Lynx Equity raised its price target for the stock to $325 from $280, buoyed by improved visibility into 2028. The research firm expects the company to achieve $37 billion in revenue in 2028 with earnings per share of $9.8. It also expects Lam Research’s wafer fabrication revenue to reach $190 billion in 2028, up from $160-$170 billion in 2027 and $135-$140 billion in 2026.

Lam Research Corp. (NASDAQ:LRCX) is a leading global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. It designs and builds machines that enable chipmakers to create smaller, faster, and more efficient electronic components, with their technology used to build nearly every advanced chip today.