For investors scouring the market for quality stocks to add to their portfolios, there is no better compass than peeking into the holdings of top portfolio managers.
Unveiling the Global Maestro
U-Wen Kok of the Victory RS Global Fund (MUTF:RSGGX) is holding the torch, with Morningstar rating the fund as a five-star performer among 330 global large-stock blend funds.
The fund showcases 98 holdings with a notable average market cap of $622 billion. Among its key sectors are technology (23.4%), financials (16.36%), and consumer discretionary (11.05%).
Apple: The AI Titan
Diving into the tech realm, Apple (NASDAQ:AAPL) shines with a significant 4.6% weight in the fund, trailing narrowly behind Microsoft (NASDAQ:MSFT). The promise of AI revenue is a tantalizing prospect, potentially propelling Apple’s value by a substantial 25%.
With the upcoming iPhone upgrade cycle and the integration of AI into iOS, Apple is poised for a meteoric rise, gaining 20% in the past month alone. The tech giant’s potential seems boundless, with forecasts hinting at a staggering $5 trillion valuation in the near future.
JPMorgan Chase & Co.: The Financial Fort
JPMorgan Chase & Co. (NYSE:JPM) emerges as the financial stalwart, boasting a 1.7% weighting in the fund’s top 10 holdings. In a remarkable second quarter, the company witnessed a 22% surge in revenue and a compelling 25% increase in net income compared to the previous year.
JPMorgan’s ascension continues, with a 21% uptick in 2024, fueled by a prudent strategic move to enhance shareholder value through dividend increases and share repurchase initiatives.
Ulta Beauty: A Glamorous Revival
Ulta Beauty (NASDAQ:ULTA) represents the consumer discretionary sphere with a refined 1% weighting. Despite recent fluctuations post a change in leadership, Ulta Beauty recaptured market favor with robust Q1 2024 results, surpassing analyst expectations.
The beauty retailer’s journey continues, with a revised guidance strategy to regain lost market ground and revitalize its positioning in the industry.