- Tech’s ‘magnificent 7’ dominates list of most held stocks on eToro, with users benefitting from recovery
- C3.ai and Koninklijke Phillips swept up in AI surge, with major increases in eToro holders
- Manchester Utd saw 21% jump in eToro users holding the stock in Q2 as sale discussion continue
Tuesday 4 July 2023, Retail investors threw their weight behind AI-related stocks in Q2 while also flocking to Manchester Utd in anticipation of the long-awaited sale of the club, according to the latest quarterly stocks data from trading and investing platform eToro.
Retail investors also continued to reap the rewards for their sustained loyalty to big tech, with the sector recovering further ground in Q2.
eToro looked at which companies saw the biggest proportionate change in holders at the end of Q2 versus the end of Q1 (table 1), while also looking at the 10 most widely held stocks on the platform (table 2).
The list of most widely held stocks was led by Tesla, Amazon and Apple, all of which have seen huge share price improvements this year, with Tesla’s share price up 131% year-to-date. Others in this list include NVIDIA (+193% share price ytd), Meta (+76% share price ytd).
Amongst the 10 ‘biggest risers’, several companies relating to AI make the list, as retail investors have looked to benefit from the explosion of this sector. The number of global eToro users holding C3.ai jumped 96% quarter-on-quarter, whilst Koninklijke Philips saw a 69% increase in holders, after launching new AI-powered software in May.
Another stock which saw a significant jump in holders in Q2 was Manchester United, up 21%, with retail investors clearly hoping to benefit from the club’s expected sale. Meanwhile investors also looked to buy the dip on a number of stocks that suffered share price falls this year including Nikola, Enphase and CVS.
Commenting on the data, eToro’s Global Market Strategist Ben Laidler, said: “Retail investors have been in pole position for the dramatic big tech rally this year, and ahead frankly of most institutional investors. The so-called ‘magnificent seven’ tech stocks are all amongst the top ten most widely held on the platform.”
At the other end of the spectrum, it was a fairly mixed bag in terms of the stocks that lost popularity. EA came second on the fallers list, losing 14% of holders on the eToro platform in Q2, whilst Royal Caribbean Cruises lost 11%, possibly a result of retail investors cashing in following significant share price gains from this stock.
Laidler adds: “China’s Meituan topping the list of stocks losing holders last quarter is symptomatic of the disappointment in the local economy’s reopening rebound, with China’s stock market one of the worst performers last quarter, sitting out the global rally. We also see investors being proactive within their continued love affair with tech, by trimming back on heavyweights Meta and Netflix”
Table 1: Shows which stocks have seen the biggest proportional increase and decrease in holders on the eToro platform quarter on quarter
| Biggest risers among eToro’s global investors | Biggest fallers among eToro’s global investors | |||
| Rank | Company | Increase in holders QoQ as a percentage | Company | Decrease in holders QoQ as a percentage |
| 1 | C3.ai | 96% | Meituan | -19% |
| 2 | Koninklijke Philips | 69% | Electronic Arts | -14% |
| 3 | Siemens Energy | 45% | Royal Caribbean Cruises Ltd | -11% |
| 4 | CVS Health Corp | 45% | Dell Technologies | -11% |
| 5 | First Republic Bank | 37% | Sorrento Therapeutics | -9% |
| 6 | Albemarle Corporation | 24% | Accelleron Industries Ltd | -9% |
| 7 | UnitedHealth | 24% | GE HealthCare Technologies | -8% |
| 8 | Enphase Energy | 24% | StoneCo Ltd | -8% |
| 9 | Target Corp | 21% | Netflix | -8% |
| 10 | Manchester United | 21% | Meta | -7% |
Table 2: Shows which stocks are most widely held by eToro users globally and their position last quarter
| Company | Current ranking | Ranking at end of Q1 2023 |
| Tesla Motors | 1 | 1 |
| Amazon.com | 2 | 2 |
| Apple | 3 | 3 |
| Nio | 4 | 4 |
| Meta Platforms | 5 | 5 |
| Microsoft | 6 | 6 |
| Alibaba | 7 | 8 |
| Alphabet | 8 | 7 |
| NVIDIA Corporation | 9 | 9 |
| PayPal Holdings | 10 | 10 |
**ENDS**
Notes to editors
The tables compare data from the eToro platform on the final day of Q2 2023 with the final day of Q1 2023. The data refers to funded accounts of eToro users globally.
The data in the first table shows the 10 stocks which have seen the biggest proportional increase and decrease in holders on the eToro platform quarter on quarter (Q2 vs Q1). The data in the second table shows the top 10 most held stocks positions (open positions) by investors on the eToro platform at the end of the Q2 2023. As the vast majority of stocks traded on eToro are the real asset, this data does not include positions held as CFDs.
All data accurate as of after market close on Friday 30th June.
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PR@etoro.com
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