The transition from Q1 to Q2 2025 was marked by sharp reallocation in institutional portfolios. While some companies saw significant inflows, others experienced steep reductions. These changes reflect how investors responded to tariff-driven volatility, rising interest rates, and sector-specific earnings pressures during the quarter.
The Biggest Gainers
- Visa Inc. +$57.5B
Payment networks benefited from strong consumer spending and resilience in financial services. - JPMorgan Chase & Co. +$36.6B
Diversified banking exposure attracted inflows as investors sought stability amid rising Treasury yields. - Palantir Technologies Inc. +$17.7B
AI adoption and government contracts boosted confidence in Palantir’s long-term growth story. - MicroStrategy Inc. +$6.8B
Gains tied to Bitcoin exposure and institutional interest in digital assets. - Netflix Inc. +$6.0B
Subscriber growth and new content strategies drove renewed investor enthusiasm.
Market Context
- Tariff shocks: Early Q2 saw U.S. tariff announcements that briefly pushed equities toward bear-market territory before a rebound.
- Interest rates: Treasury yields climbed to ~4.5%, pressuring debt-heavy firms and banks.
- Tech resilience: Despite volatility, tech earnings surged 26% YoY, driving inflows into AI-linked names like Palantir and MicroStrategy.
- Sector rotation: Funds shifted capital into financials and AI/cloud plays, while trimming cyclicals and banks exposed to regulatory or macro risks