Top 5 Stocks To Buy In 10 Different Sectors for the Next 3 Months

In this piece, we will take a look at the top five stocks to buy in 10 different sectors for the next 3 months. If you want to take a look at what portfolio diversification is all about, then read Top 12 Stocks To Buy In 10 Different Sectors for the Next 3 Months.

5. Visa Inc. (NYSE:V)

Number of Q3 2023 Hedge Fund Shareholders: 167

Sector: Financial Services

Visa Inc. (NYSE:V) is the well known financial services firm for its plastic cards and merchant terminals. It’s one of the strongest rated stocks on our list, with an average rating of Strong Buy and an average share price target of $300.43.

For their Q3 2023 shareholdings, 167 out of the 910 hedge funds profiled by Insider Monkey were the firm’s investors. Visa Inc. (NYSE:V)’s biggest investor in our database is Chris Hohn’s TCI Fund Management as it owns $3.78 billion worth of shares.

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Q3 2023 Hedge Fund Shareholders: 221

Sector: Technology

Alphabet Inc. (NASDAQ:GOOGL) marks the entry of big technology on our list. It is a diversified firm that is mostly in the news these days because of its artificial intelligence products. On this front, the firm announced in February 2024 that the Google Assistant is now powered by its Gemini A.I. platform.

During September 2023, 221 out of the 910 hedge funds tracked by Insider Monkey’s research had invested in Alphabet Inc. (NASDAQ:GOOGL). Ken Fisher’s Fisher Asset Management owned the largest stake among these which was worth $5.7 billion.

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

Number of Q3 2023 Hedge Fund Shareholders: 234

Sector: Communications Services

Meta Platforms, Inc. (NASDAQ:META) is the biggest social media company in the world. It is also a leading player in the technology industry, with CEO Mark Zuckerberg explaining during its latest earnings conference that Meta Platforms, Inc. (NASDAQ:META) will continue to develop its A.I. capabilities and expand computing power this year.

Insider Monkey surveyed 910 hedge funds for their third quarter of 2023 shareholdings and found that 234 had faith in the firm. Meta Platforms, Inc. (NASDAQ:META)’s biggest hedge fund investor is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital as it owns $3.4 billion worth of shares.

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

Number of Q3 2023 Hedge Fund Shareholders: 286

Sector: Consumer Cyclical

Amazon.com, Inc. (NASDAQ:AMZN) is the largest electronic commerce firm in the world. It’s another highly rated stock on our list by having garnered an average share rating of Strong Buy and an average share price target of $203.89.

For their September quarter of 2023 investments, 286 out of the 910 hedge funds tracked by Insider Monkey had invested in Amazon.com, Inc. (NASDAQ:AMZN). Out of these, the largest shareholder was Ken Fisher’s Fisher Asset Management due to its $5.2 billion stake.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Q3 2023 Hedge Fund Shareholders: 306

Sector: Technology

Microsoft Corporation (NASDAQ:MSFT) is the mega cap technology firm that recently beat Apple to become the world’s most valuable technology company. February 2024 saw some more great news for the firm as its A.I. partner OpenAI crossed $2 billion in global revenue.

As of Q3 2023 end, 306 out of the 910 hedge funds profiled by Insider Monkey had bought and owned the firm’s shares. Michael Larson’s Bill & Melinda Gates Foundation Trust is the biggest Microsoft Corporation (NASDAQ:MSFT) investor since it owns $12.4 billion worth of shares.

Disclosure: None. You can also take a look at 10 Christian Dating Sites Without Payment and 15 Best Blue Chip Dividend Stocks To Buy.

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