Stocks loved by hedge funds have crushed the market this year. Goldman says these are the 14 most popular right now.

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2025-08-28T09:55:01Z

Goldman Sachs has revealed its Q2 Hedge Fund VIP stock list, which has posted strong performance in 2025.
The VIP stocks have outperformed the S&P 500, with a 16% gain year-to-date.
The list includes 50 stocks, but we highlight the 14 most popular below.

It turns out hedge funds are pretty good at picking stocks.

Every quarter, Goldman Sachs shares its latest list of Hedge Fund VIP stocks, or stocks most commonly included in the top 10 holdings of the funds.

The basket of stocks has an impressive track record since launching in 2001, returning an average of 15% annually compared to the S&P 500‘s 11%. Year-to-date the group of stocks is up 16% while the benchmark has risen about 10%.

“The basket has been a strong historical performer at the cost of high volatility,” wrote Ben Snider, a senior strategist at Goldman, in an August 20 client note that included the bank’s Q2 2025 edition of the list.

The full list includes 50 stocks, and is heavy on tech and communication services names. In Q2, 16 new stocks joined the group.

Below, we’ve included the 14 stocks on the list that are in the top 10 holdings of at least 25 hedge funds. The stocks’ sub-sectors, market caps, average portfolio weights when the stock is in the top 10 holdings of a fund, and their year-to-date returns.

Amazon

Ticker: AMZN

Sub-sector: Broadline Retail

Market cap: $2.45 trillion

Number of funds with stock as top 10 holding: 167

Average portfolio weight when stock ranks among top 10 holdings: 8%

Total return year-to-date: 5%

Microsoft

Ticker: MSFT

Sub-sector: Systems Software

Market cap: $3.88 trillion

Number of funds with stock as top 10 holding: 127

Average portfolio weight when stock ranks among top 10 holdings: 8%

Total return year-to-date: 24%

Meta Platforms

Ticker: META

Sub-sector: Interactive Media & Services

Market cap: $1.70 trillion

Number of funds with stock as top 10 holding: 111

Average portfolio weight when stock ranks among top 10 holdings: 8%

Total return year-to-date: 34%

NVIDIA

Ticker: NVDA

Sub-sector: Semiconductors

Market cap: $4.44 trillion

Number of funds with stock as top 10 holding: 98

Average portfolio weight when stock ranks among top 10 holdings: 9%

Total return year-to-date: 36%

Alphabet

Ticker: GOOGL

Sub-sector: Interactive Media & Services

Market cap: $2.30 trillion

Number of funds with stock as top 10 holding: 66

Average portfolio weight when stock ranks among top 10 holdings: 7%

Total return year-to-date: 7%

Taiwan Semiconductor Manufacturing

Ticker: TSM

Sub-sector: Semiconductors

Market cap: $1.25 trillion

Number of funds with stock as top 10 holding: 60

Average portfolio weight when stock ranks among top 10 holdings: 7%

Total return year-to-date: 23%

Broadcom

Ticker: AVGO

Sub-sector: Semiconductors

Market cap: $1.46 trillion

Number of funds with stock as top 10 holding: 40

Average portfolio weight when stock ranks among top 10 holdings: 6%

Total return year-to-date: 35%

Apple

Ticker: AAPL

Sub-sector: Technology Hardware Storage & Peripherals

Market cap: $3.48 trillion

Number of funds with stock as top 10 holding: 38

Average portfolio weight when stock ranks among top 10 holdings: 8%

Total return year-to-date: −7%

Capital One Financial

Ticker: COF

Sub-sector: Consumer Finance

Market cap: $141 billion

Number of funds with stock as top 10 holding: 33

Average portfolio weight when stock ranks among top 10 holdings: 7%

Total return year-to-date: 25%

Mastercard

Ticker: MA

Sub-sector: Transaction & Payment Processing Services

Market cap: $526 billion

Number of funds with stock as top 10 holding: 32

Average portfolio weight when stock ranks among top 10 holdings: 9%

Total return year-to-date: 11%

Vistra

Ticker: VST

Sub-sector: Independent Power Producers & Energy Traders

Market cap: $69 billion

Number of funds with stock as top 10 holding: 30

Average portfolio weight when stock ranks among top 10 holdings: 7%

Total return year-to-date: 47%

Talen Energy

Ticker: TLN

Sub-sector: Independent Power Producers & Energy Traders

Market cap: $17 billion

Number of funds with stock as top 10 holding: 29

Average portfolio weight when stock ranks among top 10 holdings: 12%

Total return year-to-date: 89%

Visa

Ticker: V

Sub-sector: Transaction & Payment Processing Services

Market cap: $591 billion

Number of funds with stock as top 10 holding: 29

Average portfolio weight when stock ranks among top 10 holdings: 6%

Total return year-to-date: 10%

Uber Technologies

Ticker: UBER

Sub-sector: Passenger Ground Transportation

Market cap: $191 billion

Number of funds with stock as top 10 holding: 26

Average portfolio weight when stock ranks among top 10 holdings: 7%

Total return year-to-date: 52%