Morningstar Flags 10 Most-Bought Stocks as Iran War Volatility Drives 3-Month Fund Shifts
Updated
Updated · Business Insider · Jun 1
Morningstar Flags 10 Most-Bought Stocks as Iran War Volatility Drives 3-Month Fund Shifts
4 articles · Updated · Business Insider · Jun 1
Morningstar said top concentrated large-cap fund managers added 10 stocks most aggressively over the past three months, with Western Digital emerging as the most-bought name since the Iran war began.
The research firm said war-driven market swings created stock-picking opportunities, and many managers leaned into AI, semiconductors and other secular-growth themes rather than waiting for volatility to fade.
Western Digital was backed by expectations for 30%-plus average HDD industry revenue growth, while Taiwan Semiconductor, GE Aerospace and KLA also drew heavy buying on long-term demand and competitive-positioning views.
Several popular buys still looked expensive by Morningstar's own estimates: Micron was seen as 65% overvalued, Nebius 79% overvalued, KLA 26% overvalued and Netflix 11% overvalued.
The list also included AstraZeneca, Marsh McLennan and AppLovin, showing managers used the conflict-driven turbulence to add both cyclical tech winners and steadier defensive businesses.
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