Goldman Sachs Stock Portfolio: Top 10 Stocks

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In this article, we discuss top 10 stocks in Goldman Sachs portfolio . If you want to skip our detailed analysis of the firm's history, investment philosophy, and hedge fund performance, go directly to Goldman Sachs Stock Portfolio: Top 5 Stocks.

The Goldman Sachs Group, Inc. is one of the world's leading investment banking and financial services institution that provides a wide variety of finance related services including investment management, securities and consumer banking to a large customer base that includes corporations, financial institutions, governments and individuals. Founded in 1869 and based in New York, the investment management firm operates in over 35 countries across the globe through its four primary sectors: investment banking, global markets, asset management, and consumer and wealth management.

According to the recent 13F Holdings, The Goldman Sachs Group, Inc., as an investment management fund, manages more than $446 billion in its investment portfolio. The firm's portfolio is diversified into more than 13 distinct sectors, with the Technology sector being the largest, making up 14.7% of the firm's total portfolio value. A majority of the companies in the fund’s investment portfolio classify as large-cap stocks, with stocks that scale up to more than $10 billion in market capitalization making up 13% of the total portfolio value, while small-cap stocks make up only 3.6% of the firm's portfolio value.

Some of the top stocks present in the investment portfolio of The Goldman Sachs Group, Inc. include Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN) and Facebook, Inc. (NASDAQ:FB), among others discussed in detail below.

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Our Methodology

With this background in mind, let us now look towards the top 10 stocks in Goldman Sachs portfolio. We made use of The Goldman Sachs Group Inc.'s portfolio for the second quarter for this analysis.

Why should we pay attention to the firm's stock picks? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021, our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Goldman Sachs Stock Portfolio: Top 10 Stocks

10. PayPal Holdings, Inc. (NASDAQ:PYPL)

Goldman Sachs' Stake Value: $2.1 billion

Percentage of 13F Portfolio: 0.47%

Number of Hedge Fund Holders: 143

PayPal Holdings, Inc. (NASDAQ:PYPL) is a multinational financial technology company that enables online payment systems in a number of countries across the globe. The California-based company ranks tenth on our list of the top 10 stocks in Goldman Sachs portfolio.

For the second quarter of 2021, The Goldman Sachs Group Inc. held over 7.2 million shares of PayPal Holdings, Inc. (NASDAQ:PYPL), worth more than $2.1 billion, representing 0.47% of the firm's portfolio value. At the end of the second quarter of 2021, 143 hedge funds in the database of Insider Monkey held stakes worth $16.3 billion in PayPal Holdings, Inc. (NASDAQ:PYPL). The number of hedge funds with stakes in the company remained unchanged for the first and second quarter.

The company issued its quarterly earnings report for the second quarter of 2021 on July 21, with reported earnings per share at $2.48, crossing market estimates by $0.20. The company also declared revenues for the quarter amounting to $23.31 billion, surpassing estimates by $802.29 million.

On September 9, investment advisory DA Davidson maintained a Buy rating on PayPal Holdings, Inc. (NASDAQ:PYPL) stock with a price target of $325.

Qualivian Investment Partners mentioned PayPal Holdings, Inc. (NASDAQ:PYPL) in their Q2 2021 investor letter and discussed its stance on the firm. Here’s what the fund said:

PayPal: The company reported a slightly disappointing quarter with revenues growing 19%, missing on the average revenue per transaction due to the accelerated decline in eBay transactions, the higher mix of Braintree transactions, and other impacts from hedging and F/X translations. Given the stock’s significant outperformance in 2020 and heightened expectations coming into the quarter, the stock has been consolidating since the earnings report. Long term we remain bullish on PayPal, given the company’s continued growth in eCommerce end markets, as well as the continued share gains of digital payments/wallets over paper payments.”

9. Visa, Inc. (NYSE:V)

Goldman Sachs' Stake Value: $2.24 billion

Percentage of 13F Portfolio: 0.5%

Number of Hedge Fund Holders: 162

Visa, Inc. (NYSE:V) is a multinational financial services company that enables and manages electronic funds transfers across the globe. Ranked ninth on the list of the top 10 stocks in Goldman Sachs portfolio, Visa, Inc. (NYSE:V) has a market capitalization of $478.77 billion.

The Goldman Sachs Group Inc. currently holds over 9.59 million shares of Visa, Inc. (NYSE:V), worth more than $2.24 billion and representing 0.5% of the firm's investment portfolio. At the end of the second quarter of 2021, 162 hedge funds in the database of Insider Monkey held stakes worth $27.6 billion in Visa, Inc. (NYSE:V), down from 164 in the previous quarter with stakes worth $26.5 billion.

The company last released its quarterly earnings report on July 27, with earnings per share at $1.49, beating forecast estimates by $0.14. The company also reported a revenue of $6.13 billion, an increase of 26.73% on a year-over-year basis, surpassing predicted revenues by $272.49 million.

On September 3, Morgan Stanley analyst James Faucette maintained an Overweight rating on Visa, Inc. (NYSE:V) alongside a $282 price target on the shares of the company.

Just like Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN) and Facebook, Inc. (NASDAQ:FB), Visa, Inc. (NYSE:V) is one of the top stocks in the investment portfolio of Goldman Sachs.

In its Q1 2021 investor letter, ClearBridge Investments mentioned Visa Inc. (NYSE:V). Here is what the fund said:

“To make room for these new names with more attractive outlooks related to the reopening, we sold out of companies where the thesis is not playing out at the pace we expected including Visa.”

8. Tesla Inc. (NASDAQ:TSLA)

Goldman Sachs' Stake Value: $2.3 billion

Percentage of 13F Portfolio: 0.52%

Number of Hedge Fund Holders: 60

Tesla, Inc. (NASDAQ:TSLA), known simply as Tesla, is famous for its design and manufacture of electric vehicles and clean sustainable energy solution and products, including solar panels and battery energy storage units, among others.

According to the recent 13F Holdings, The Goldman Sachs Group Inc. holds over 3.4 million shares of Tesla, Inc. (NASDAQ:TSLA), amounting to more than $2.3 billion in worth, representing 0.52% of the funds total portfolio value. By the end of the second quarter of 2021, 60 hedge funds out of the 873 tracked by Insider Monkey held stakes in Tesla, Inc. (NASDAQ:TSLA) worth roughly $9.2 billion. This is compared to 62 hedge funds in the previous quarter with a total stake value of approximately $10 billion.

In the second quarter of 2021, Tesla, Inc. (NASDAQ:TSLA) reported an EPS of $1.45, beating estimates by $0.47. The company’s revenue in the quarter came in at $11.96 billion, an increase of 98.1% on a year-over-year basis, beating revenue estimates by $559.33 million. In terms of sales, the second quarter of 2021 proved to the company's best ever, with a record breaking 200,000 EVs sold globally.

On October 8, Canaccord analyst Jed Dorsheimer raised his price target on Tesla, Inc. (NASDAQ:TSLA) to $940 from $768, and kept a Buy rating on the shares.

Just like Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN) and Facebook, Inc. (NASDAQ:FB), Tesla, Inc. (NASDAQ:TSLA) is a notable stock in the investment portfolio of Goldman Sachs.

In the Q2 2021 investor letter of Worm Capital, the fund stated their belief in Tesla, Inc. (NASDAQ:TSLA)’s long-term performance, despite underperforming in the second quarter. Here is what the fund said:

Tesla underperformed in the quarter, but we maintain our high conviction in the long-term thesis on each business model. Much like art or writing, investment research is a continuous process—it never really ends. Prices can move in either direction in any given quarter, but our advantage often comes from knowing the businesses so well that short-term fluctuations in pricing shouldn’t affect our decision-making. On high conviction positions, this patience is often rewarded, which is why research is so valuable to our process…

..Tesla is in a class of its own. What many in the market seem to (still) not understand is that Tesla is not a car company so much as a complex manufacturing firm—with significant recurring software potential—growing, in our view, at a targeted rate of 50-100% YoY over the next several years. Unlike any other automotive firm in existence today, Tesla alone is a vertically integrated hardware and software business developing state-of-the-art manufacturing techniques that will revolutionize the auto industry (i.e. its Giga Presses, 4680 cells, etc.). It is a generational company and we anticipate it will eventually be the largest company in the world. Many of the conventional narratives around competition displacing Tesla’s lead are fundamentally flawed, and the many headlines surrounding Tesla’s approach to autonomy are frustratingly superficial. (As an aside, we highly recommend watching Andrej Karpathy’s, Tesla’s head of AI, his recent presentation from June: “Tesla details its self-driving Supercomputer that will bring in the Dojo era”)”

7. NVIDIA Corporation (NASDAQ:NVDA)

Goldman Sachs' Stake Value: $2.33 billion

Percentage of 13F Portfolio: 0.52%

Number of Hedge Fund Holders: 86

NVIDIA Corporation (NASDAQ:NVDA) is a multinational technology company involved in the design and manufacture of graphics processing units alongside chip units and semiconductors for gaming and professional purposes. Ranked seventh on our list of the top 10 stocks in Goldman Sachs portfolio, NVIDIA Corporation (NASDAQ:NVDA) has a market capitalization of $517.37 billion.

The company last released its quarterly earnings report on August 18, with reported earnings per share at $1.04, crossing market estimates by $0.02. Additionally, the revenue for the quarter was reported to be at $6.51 billion, an increase of 68.31% on a year-over-year basis, surpassing predictions by $169.08 million.

According to our database, The Goldman Sachs Group Inc. held over 2.9 million shares of NVIDIA Corporation (NASDAQ:NVDA), amounting to over $2.3 billion in worth, accounting for 0.52% of the funds total holdings value. By the end of the second quarter of 2021, 86 hedge funds out of the 873 tracked by Insider Monkey held stakes in NVIDIA Corporation (NASDAQ:NVDA), worth roughly $9.09 billion. This is compared to 80 hedge funds in the previous quarter with a total stake value of approximately $6.2 billion.

On October 5, KeyBanc analyst John Vinh raised his price target on NVIDIA Corporation (NASDAQ:NVDA) to $260 from $245, and kept an Overweight rating on the shares.

In the Q2 2021 investor letter of Harding Loevner, the fund mentioned NVIDIA Corporation (NASDAQ:NVDA). Here is what the fund said:

“Within IT, shares of US-based computer chip developer NVIDIA continued their climb as rising demand across segments-from work-from-home laptops to data centers to cryptocurrency mining rigs-led to shortages that translated into surging prices for its chips. Such was the windfall that NVIDIA even made technical changes to some of its products to make them towards waht it believes are more sustainable uses. Less attractive to cryptocurrency miners, to steer scarce supply viewed by geography, the lion’s share of excess returns came from good stock performance in the US. In addition to the contributions from NVIDIA and our health care holdings, a pair of IT software and service providers also aided relative returns.”

6. Facebook, Inc. (NASDAQ:FB)

Goldman Sachs' Stake Value: $4.2 billion

Percentage of 13F Portfolio: 0.95%

Number of Hedge Fund Holders: 266

Based in Menlo Park, California, Facebook, Inc. (NASDAQ:FB) is a multinational social networking services company. The tech giant boasts a market capitalization of $903.24 billion and ranks sixth on our list of the top 10 stocks in Goldman Sachs' portfolio.

Based on the recent 13F Filings, The Goldman Sachs Group Inc. holds 12.2 million shares in Facebook, Inc. (NASDAQ:FB), amounting to $4.24 billion in worth and accounting for 0.95% of the fund’s investment portfolio. At the end of the second quarter of 2021, 266 hedge funds in the database of Insider Monkey held stakes worth $42 billion in Facebook, Inc. (NASDAQ:FB).

In the second quarter of 2021, Facebook, Inc. (NASDAQ:FB) reported an EPS of $3.61, beating the estimated EPS by $0.58. Facebook, Inc. (NASDAQ:FB) also reported revenues amounting to $29.08 billion, surpassing market predictions by $1.19 billion.

On October 7, JPMorgan analyst Doug Anmuth maintained an Overweight rating on Facebook, Inc. (NASDAQ:FB) alongside a $450 price target on the company's shares.

First Eagle Investment Management, an investment management firm, in its Q2 2021 investor letter, mentioned Facebook, Inc. (NASDAQ:FB). Here is what the fund said:

“Leading contributors in the First Eagle Global Fund this quarter included Facebook, Inc. Class A. Facebook has continued to post impressive results for both revenue and active users of its traditional platforms. In the meantime, the social media giant continues to make progress on new initiatives—like Facebook Horizon (virtual reality) and Facebook Shops (e-commerce)—and maintains attractive monetization optionality around services like Messenger and WhatsApp.”

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Disclosure. None. Goldman Sachs Portfolio: Top 10 Stocks is originally published on Insider Monkey.

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