Written by MarketBeat Staff
April 23, 2024
Hedge funds, university endowments, pension funds, and sovereign wealth funds have been pouring money into an elite group of 13 stocks.
Institutional investors don’t get easily swayed by the hot stocks of the day that are popular with retail investors. They are disciplined. They don’t take dumb losses. When institutions start to pour money into a company, it’s because they have done extensive analysis and believe a company is undervalued compared to the broader market. On this list, you will find real companies that are backed by real earnings and real fundamentals. These stocks have solid future growth prospects. If they didn’t, institutional investors wouldn’t be writing them a check.
You might ask, where did this proprietary list of companies even come from? No, it wasn’t stolen from a trading desk at a major bank. MarketBeat has combed through more than 5,000 SEC 13D and 13F filings issued with the SEC in the last quarter to see where institutional money is flowing. The 13 stocks on this list stick out like a sore thumb – big money investors are pouring hundreds of millions of dollars into these companies.
- Net Inflows of from Institutional Investors in Dollars
- $61,394,452,559.00
- Net Inflows of from Institutional Investors in Shares
- 150,868,562
- Number of Institutional Transactions in the Last 90 Days
- 4,536
Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.
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- Net Inflows of from Institutional Investors in Dollars
- $52,721,846,641.00
- Net Inflows of from Institutional Investors in Shares
- 63,940,921
- Number of Institutional Transactions in the Last 90 Days
- 4,623
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
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- Net Inflows of from Institutional Investors in Dollars
- $44,624,864,140.00
- Net Inflows of from Institutional Investors in Shares
- 248,302,162
- Number of Institutional Transactions in the Last 90 Days
- 4,620
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
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- Net Inflows of from Institutional Investors in Dollars
- $42,830,538,178.00
- Net Inflows of from Institutional Investors in Shares
- 256,762,412
- Number of Institutional Transactions in the Last 90 Days
- 4,533
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
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- Net Inflows of from Institutional Investors in Dollars
- $42,368,417,673.00
- Net Inflows of from Institutional Investors in Shares
- 272,693,687
- Number of Institutional Transactions in the Last 90 Days
- 1,739
Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.
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- Net Inflows of from Institutional Investors in Dollars
- $38,623,268,469.00
- Net Inflows of from Institutional Investors in Shares
- 77,792,642
- Number of Institutional Transactions in the Last 90 Days
- 3,879
Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.
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#7 - GLOBALFOUNDRIES (NASDAQ:GFS)
- Net Inflows of from Institutional Investors in Dollars
- $22,240,310,384.00
- Net Inflows of from Institutional Investors in Shares
- 477,875,170
- Number of Institutional Transactions in the Last 90 Days
- 146
GLOBALFOUNDRIES Inc operates as a semiconductor foundry worldwide. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units; and offers mainstream wafer fabrication services and technologies.
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- Net Inflows of from Institutional Investors in Dollars
- $20,771,476,492.00
- Net Inflows of from Institutional Investors in Shares
- 16,529,772
- Number of Institutional Transactions in the Last 90 Days
- 3,115
Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.
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#9 - Royal Bank of Canada (NYSE:RY)
- Net Inflows of from Institutional Investors in Dollars
- $19,108,322,574.00
- Net Inflows of from Institutional Investors in Shares
- 191,217,078
- Number of Institutional Transactions in the Last 90 Days
- 487
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.
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- Net Inflows of from Institutional Investors in Dollars
- $15,054,310,774.00
- Net Inflows of from Institutional Investors in Shares
- 190,826,605
- Number of Institutional Transactions in the Last 90 Days
- 455
CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.
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- Net Inflows of from Institutional Investors in Dollars
- $14,522,361,806.00
- Net Inflows of from Institutional Investors in Shares
- 747,419,561
- Number of Institutional Transactions in the Last 90 Days
- 957
Kenvue Inc operates as a consumer health company worldwide. The company operates through three segments: Self Care, Skin Health and Beauty, and Essential Health. The Self Care segment offers cough, cold and allergy, pain care, digestive health, smoking cessation, eye care, and other products under the Tylenol, Motrin, Benadryl, Nicorette, Zarbee's, ORSLTM, Rhinocort, Calpol, and Zyrtec brands.
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#12 - Exxon Mobil (NYSE:XOM)
- Net Inflows of from Institutional Investors in Dollars
- $14,011,810,374.00
- Net Inflows of from Institutional Investors in Shares
- 115,991,809
- Number of Institutional Transactions in the Last 90 Days
- 3,867
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.
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#13 - Eli Lilly and Company (NYSE:LLY)
- Net Inflows of from Institutional Investors in Dollars
- $13,033,751,078.00
- Net Inflows of from Institutional Investors in Shares
- 17,508,599
- Number of Institutional Transactions in the Last 90 Days
- 3,410
Eli Lilly and Company discovers, develops, and markets human pharmaceuticals worldwide. The company offers Basaglar, Humalog, Humalog Mix 75/25, Humalog U-100, Humalog U-200, Humalog Mix 50/50, insulin lispro, insulin lispro protamine, insulin lispro mix 75/25, Humulin, Humulin 70/30, Humulin N, Humulin R, and Humulin U-500 for diabetes; Jardiance, Mounjaro, and Trulicity for type 2 diabetes; and Zepbound for obesity.
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