The largest 6 stocks by market capitalization substantially outperformed the S&P 500 and the Dow Jones Industrial Average (DJIA) in 2020. The total market capitalization of these 6 technology stocks plus Berkshire Hathaway equals $8.75 trillion, about 27% of the total capitalization of the S&P 500 ($32 trillion). (Note: Tesla joined the S&P 500 on December 21.)
Q3 2020 hedge fund letters, conferences and more
(1) Apple ($2.27 trillion) – +80.8% YTD
(2) Microsoft ($1.68 trillion) – +41.0%
(3) Amazon ($1.62 trillion) – +76.3%
(4) Alphabet ($1.20 trillion) – +30.9%
(5) Facebook (779 billion) – +33.1%
(6) Tesla ($658 billion) – +743%
(7) Berkshire Hathaway ($544 billion) – +2.4%
S&P 500 – +16.3% (18.4% dividends included)
DJIA – +7.3%
Nasdaq – +43.6%
Article by Dr. David Kass