The 10 top-performing stocks last quarter include Warren Buffett’s favorite internet company and the maker of the Zyn pouch

The
S&P 500
entered a 10% correction in the first quarter amid heightened
uncertainty from the Trump administration’s trade policies,
but it wasn’t all doom and gloom for investors.

There were pockets of strength across the market in the first quarter, with some stocks delivering massive gains in the first three months of the year.

Energy, basic materials, consumer staples, and utilities were the best-performing sectors in the first quarter. Meanwhile, information technology, consumer discretionary, and communication services were the worst-performing sectors.

The risk-off nature of the stock market has rewarded defensive companies, with investors willing to pay up for them as they navigate
the uncertainty of President Trump’s tariffs.

From Warren Buffett’s favorite internet stock to the manufacturer of smokeless tobacco products like Zyn, these were the top 10 performing S&P 500 companies in the first three months of 2025.

1. 
   Arthur J. Gallagher
   

Ticker:

AJG


Market capitalization:

$88.3 billion


Industry:

Insurance


Q1 performance:

21.6%

1. 
   Brown & Brown
   

Ticker:

BRO


Market capitalization:

$35.7 billion


Industry:

Insurance


Q1 performance:

21.9%

1. 
   Exelon
   

Ticker:

EXC


Market capitalization:

$46.5 billion


Industry:

Utilities


Q1 performance:

22.4%

1. 
   Verisign
   

Ticker:

VRSN


Market capitalization:

$24.0 billion


Industry:

Software/Internet


Q1 performance:

22.7%

1. 
   Cencora
   

Ticker:

COR


Market capitalization:

$53.9 billion


Industry:

Healthcare


Q1 performance:

23.8%

1. 
   Consolidated Edison
   

Ticker:

ED


Market capitalization:

$39.1 billion


Industry:

Utilities


Q1 performance:

23.9%

1. 
   AT&T
   

Ticker:

T


Market capitalization:

$203.0 billion


Industry:

Telecom


Q1 performance:

24.2%

1. 
   Newmont
   

Ticker:

NEM


Market capitalization:

$54.4 billion


Industry:

Gold mining


Q1 performance:

29.7%

1. 
   Philip Morris
   

Ticker:

PM


Market capitalization:

$246.8 billion


Industry:

Tobacco


Q1 performance:

31.9%

1. 
   CVS
   

Ticker:

CVS


Market capitalization:

$85.4 billion


Industry:

Healthcare


Q1 performance:

50.9%

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