10 Best Large Active Stock Funds of Q1, 2024: Morningstar

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In the first quarter of 2024, the biggest U.S. stock funds picked up where they left off in 2023, Morningstar reported in a recent blog post. Funds with the heavier tilts toward growth and technology stocks posted the strongest performances. Those being actively managed also topped their passively managed counterparts.

This was especially true for funds with big allocations to Nvidia and most of the other Magnificent 7 mega-stocks, including Microsoft, Amazon.com, Alphabet and Meta Platforms, according to the report. Apple struggled during the first three months of the year, however, and Tesla nosedived.

Morningstar’s list of the 10 top-performing funds includes expense information for the lowest-cost share class for each fund. Some funds may be listed with share classes that aren’t accessible to individual investors outside retirement plans, and the individual investor versions of those funds may carry higher fees, which reduce returns.

See the gallery for the best-performing actively managed stock funds in the first quarter of 2024. Morningstar category classifications are peer groups based on their holdings, which aim to help investors make meaningful comparisons between mutual funds.

Slides: Chris Nicholls/ALM. Image: Adobe Stock

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