It’s been a trying year for stock investors: Worries about DeepSeek’s artificial intelligence disruption and policy uncertainty around tariffs have sent the US stock market on a roller-coaster ride in 2025.
Where has the “smart money” been finding investment opportunities in this year’s volatile market?
To find out, we looked at the latest portfolios of some of the best fund managers.
Some of the stocks that top managers have been buying look fairly valued today, according to Morningstar, but there are some undervalued stocks in the mix, too.
Here are the stocks that top managers have been investing in this year.
This post originally appeared at Morningstar.