- 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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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%
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