“Most things in the world develop in the direction capital envisions, and capital operations will make politics cooperate.”

Below are the top 10 stocks by combined holdings from the first 77 of the world’s major investment institutions over the past two weeks (ranked by global consensus weight):
🥇 First Tier (Absolute Core)
1. NVIDIA (NVDA)
2. Microsoft (MSFT)
3. Apple (AAPL)
👉 Logic:
• Almost all ETFs & active funds have this as their top weighting
• NVDA has become the largest consensus position
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🥈 Second Tier (Platform Tech)
4. Amazon (AMZN)
5. Alphabet (GOOGL / GOOG)
6. Meta (META)
👉 Logic:
• Core to the S&P 500 / Nasdaq
• Internet infrastructure that all large funds “must allocate to”
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🥉 Third Tier (AI + Computing Power + Diffusion)
7. Broadcom (AVGO)
8. Tesla (TSLA)
👉 Logic:
• AVGO: AI infrastructure + semiconductors
• TSLA: capital divergence, but still held across the vast majority of large-cap ETFs
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🏁 Fourth Tier (Financial / Value Anchor)
9. Berkshire Hathaway (BRK.B)
10. JPMorgan (JPM)
👉 Logic:
• A “non-tech weight hedge”
• The stabilizer in nearly all major institutional portfolios