Stock Picks That Billionaires Love
Billionaire investors are scooping up tech stocks, whether they're on sale or riding the AI wave.
You can't get rich simply by copying billionaires' moves, but there's still something irresistible about following their top stock picks.
The billionaires we're about to talk about have larger-than-life reputations when it comes to investing other rich people's money. Meanwhile, their resources for research, as well as their intimate connections to insiders and others, can give them unique insight into their stock picks.
Studying which stocks they're chasing with their capital can be an edifying exercise for retail investors. There's a reason the rich get richer, for one thing. But it's also helpful to see where billionaires sometimes make mistakes — at least in the short term.
No matter how successful they've been in the past, all investors are fallible. Those who've amassed multibillion-dollar personal fortunes have merely made more money being right than they've lost when getting it wrong.
Need proof? As Chairman and CEO Warren Buffett wrote in Berkshire Hathaway's 2022 annual report (PDF): "In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. Our satisfactory results have been the product of about a dozen truly good decisions."
Berkshire's "satisfactory results" happen to be a stock that has generated compound annual growth of almost 20% since 1965. The S&P 500 delivered compound annual growth of not quite 10% over the same span.
Without further ado, here are five notable top stock picks from the billionaire class.
In each case, the billionaire below initiated a substantial position or added to an existing one in the second quarter of 2026.
Stake values and portfolio weights are as of June 30, 2026. Data courtesy of S&P Global Market Intelligence, YCharts, WhaleWisdom, Forbes and regulatory filings made with the Securities and Exchange Commission, unless otherwise noted.
Seagate Technology
- Billionaire investor: Steve Cohen (Point72)
- Stake value: $794 million
- Percent of portfolio: 0.9%
Steve Cohen is probably best known for using his estimated net worth of $23 billion to buy the New York Mets. But he's also known for knowing how to spot a momentum play.
Perhaps that's why his family office — Point72 Asset Management based in Stamford, Connecticut — increased its stake in Seagate Technology (STX) by 50% in Q2. Shares in the maker of data storage hardware more than doubled in the second quarter, driven by the massive buildout of AI infrastructure.
Point72, with $274.1 billion in assets under management (AUM), added 276,536 shares to a position it's held since the third quarter of 2024. With 822,914 shares worth almost $800 million as of the end of Q2, STX rose to become the fund's eighth-largest position. Previously, it was the fund's 48th-biggest holding.
Point72 also increased its stakes in Oracle (ORCL) and Texas Instruments (TXN), among other tech names.
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Meta Platforms
- Billionaire investor: Daniel Sundheim (D1 Capital Partners)
- Stake value: $319.1 million
- Percent of portfolio: 0.9%
Daniel Sundheim's D1 Capital Partners made a name for itself during its seven years of existence. The New York hedge fund began trading with "only" $5 billion in capital. Today, D1 boasts more than $40 billion in AUM.
Along the way, Sundheim built an estimated net worth of $3.8 billion, according to Forbes. In a nod to his precocious success, some wags called Sundheim the LeBron James of investing.
Sundheim clients certainly hope he brings his scoring touch to D1's new position in Meta Platforms (META). The hedge fund initiated a stake in the Facebook parent in Q2.
With 566,500 shares worth nearly $320 million as of June 30, META is now the hedge fund's 17th-largest holding. It should be noted that META stock was down for the year to date through much of Q2, suggesting that Sundheim spied a bargain.
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Applied Materials
- Billionaire investor: Stephen Mandel (Lone Pine Capital)
- Stake value: $873.2 million
- Percent of portfolio: 5.3%
It should come as no surprise that yet another billionaire investor initiated a stake in yet another big bet on the buildout of AI.
Applied Materials (AMAT) is the world’s largest provider of semiconductor manufacturing equipment, software and services. Like the rest of its subsector, AMAT shares are booming on demand related to all things AI.
Stephen Mandel bought 1.2 million shares in the company worth more than $873 million in Q2. With a portfolio weight of 5.3%, AMAT is the hedge fund's fifth-largest holding.
Mandel amassed an estimated net worth of $5 billion by knowing how to spot momentum stocks. Shares more than doubled in the second quarter. Lone Pine also initiated a stake in Seagate in Q2.
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Micron Technology
- Billionaire investor: Philippe Laffont (Coatue Management)
- Stake value: $3.6 billion
- Percent of portfolio: 7.5%
Philippe Laffont built an estimated net worth of $7.9 billion partly by knowing when to double-down, and then some, on winners. Such skills were on display when Laffont's Coatue Management hedge fund (AUM $92.7 billion) made a 19-fold increase to its stake in Micron Technology (MU) during the second quarter of 2026.
Coatue, which first bought MU during the first quarter of 2026, bought another 2.9 million shares. The fund now holds more than 3 million shares worth $3.6 billion as of June 30, according to regulatory filings. With a portfolio weight of 7.5%, MU is the New York hedge fund's third-largest position.
Shares in MU have tripled so far this year. As one of the Big Three memory chipmakers, MU is benefiting from the massive buildout of AI data centers.
Coatue also bought more shares in Broadcom (AVGO) in Q2, and initiated stakes in Intel (INTC) and Advanced Micro Devices (AMD).
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Amazon.com
- Billionaire investor: David Tepper (Appaloosa)
- Stake value: $1.9 billion
- Percent of portfolio: 15.4%
Amazon.com (AMZN) stock sold off sharply at one point during the second quarter and it looks like David Tepper took advantage of it.
The owner of the NFL's Carolina Panthers accumulated an estimated net worth of $23.7 billion in part by knowing when to strike. His Appaloosa hedge fund (AUM $20.4 billion) nearly upped its stake in AMZN by more than 15% as shares struggled to stay positive for the year to date.
Appaloosa, which has owned Amazon since early 2019, now holds 5 million shares worth nearly $2 billion as of the end of Q2. With a weight of more than 15%, AMZN remains Tepper's largest holding.
The hedge fund also added to positions in Micron Technology and Meta Platforms during Q2.
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