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2023 Kevin O’Leary Complete Stock Portfolio List & Top 10 Dividend Picks Now

Updated on November 20th, 2023 by Bob Ciura

Kevin O’Leary is Chairman of O’Shares Investment Advisors, but you probably know him as “Mr. Wonderful”.

He can be seen on CNBC as well as the television show Shark Tank. Investors who have seen him on TV have likely heard him discuss his investment philosophy.

Mr. Wonderful looks for stocks that exhibit three main characteristics:

  1. First, they must be quality companies with strong financial performance and solid balance sheets.
  2. Second, he believes a portfolio should be diversified across different market sectors.
  3. Third, and perhaps most important, he demands income—he insists the stocks he invests in pay dividends to shareholders.

You can download the complete list of all of O’Shares Investment Advisors stock holdings by clicking the link below:


OUSA owns stocks that display a mix of all three qualities. They are market leaders with strong profits, diversified business models, and they pay dividends to shareholders. The list of OUSA portfolio holdings is an interesting source of quality dividend growth stocks.

This article analyzes the fund’s largest holdings in detail.

Table of Contents

The top 10 holdings from the O’Shares FTSE U.S. Quality Dividend ETF are listed in order of their weighting in the fund, from lowest to highest.

No. 10: UnitedHealth Group (UNH)

Dividend Yield: 1.4%

Percentage of OUSA Portfolio: 2.96%

UnitedHealth offers global healthcare services to tens of millions of people via a wide array of products. The company has two major reporting segments: UnitedHealth and Optum. The former provides global healthcare benefits to individuals, employers, and Medicare/Medicaid beneficiaries. The Optum segment is a services business that seeks to lower healthcare costs and optimize outcomes for its customers.

UnitedHealth posted third quarter earnings on October 13th, 2023, and results were better than expected on both the top and bottom lines. Adjusted earnings-per-share came to $6.56, which was 21 cents ahead of expectations. Revenue was up 14% year-over-year to $92.4 billion, which was almost a billion dollars better than estimates.

The company noted growth in Q3 was driven by the rising number of people enrolled in Optum and UnitedHealthcare services, as well as the company broadening the scope of its offered services. Both Optum and UnitedHealthcare grew by double-digit rates.

Click here to download our most recent Sure Analysis report on UNH (preview of page 1 of 3 shown below):

No. 9: Broadcom (AVGO)

Dividend Yield: 4.5%

Percentage of OUSA Portfolio: 3.13%

Broadcom designs, develops, and sells semiconductors under the following business units: Wired infrastructure, wireless communication, enterprise storage and industrial. Its offerings include data center chips, factory automation, energy systems and power generation, broadband access, and home connectivity. Broadcom is a fabless semiconductor company, which means that the products it designs are manufactured by other companies/foundries.

Broadcom reported its third quarter earnings results on August 31. The company generated revenues of $8.9 billion during the quarter, which represents an increase of 5% compared to the prior year’s quarter. The solid revenue growth performance was possible thanks to beating estimates in the semiconductor solutions unit, while its Infrastructure software business generated solid growth as well.

Broadcom reported earnings-per-share of $10.54 for the third quarter, which was ahead of the analyst consensus estimate. The company expects that revenues will come in at $9.3 billion during the fourth quarter of the current fiscal year, which would represent a small revenue increase compared to the previous year’s quarter.

Click here to download our most recent Sure Analysis report on AVGO (preview of page 1 of 3 shown below):

No. 8: Home Depot (HD)

Dividend Yield: 2.7%

Percentage of OUSA Portfolio: 3.15%

Home Depot is a juggernaut home improvement retailer with over 2,300 stores in the US, Canada and Mexico that generate around $157 billion in annual revenue. On February 21st, 2023, Home Depot announced a 10% increase to the dividend to $8.36 per share annualized.

Effective August 15th, 2023, the company inked a new share repurchase authorization of $15 billion. Home Depot reported third quarter 2023 results on November 14th, 2023. The company reported sales of $37.7 billion, down 3.0% year-over-year. Comparable sales in the quarter also decreased 3.1%. Net earnings equaled $3.8 billion, or $3.81 per share, compared to $4.3 billion, or $4.24 per share in Q3 2022.

The company spent nearly $6.5 billion on common stock repurchases during the quarter. Average ticket declined 0.3% compared to last year, from $89.67 to $89.36. Additionally, there was a 3.7% decrease in sales per retail square foot, from $618.50 to $595.71.

Click here to download our most recent Sure Analysis report on HD (preview of page 1 of 3 shown below):

No. 7: Mastercard Inc. (MA)

Dividend Yield: 0.5%

Percentage of OUSA Portfolio: 3.20%

MasterCard is a world leader in electronic payments. The company partners with 25,000 financial institutions around the world to provide an electronic payment network. MasterCard has more than 3.2 billion credit and debit cards in use.

On October 26th, 2023, MasterCard reported third quarter results for the period ending September 30th, 2023. For the quarter, revenue increased 12.6% to $6.5 billion, which was $6 million above estimates. Adjusted earnings-per-share of $3.39 compared favorably to $2.68 in the prior year and was $0.18 better than expected.

On a local currency basis, gross dollar volumes for the quarter increased 11% worldwide to $2.305 trillion, with the U.S. growing 5% and the rest of the world higher by 13%. Cross border volumes remain strong with growth of 21% from the prior year. Switched transactions increased 15% to 37.2 billion and cards in use grew 7% to 3.263 billion. Expenses were flat year-over-year. The adjusted operating margin expanded 120 basis points to 58.8%.

The company repurchased 4.8 million shares at an average price of $395.83 during the quarter. Quarter-to-date through October 23rd, 2023, MasterCard repurchased an additional 1.2 million shares, also at an average price of $395.83. The company has $4.5 billion, or 1.3% of its market capitalization, remaining on its share repurchase authorization.

Click here to download our most recent Sure Analysis report on Mastercard (preview of page 1 of 3 shown below):

No. 6: J.P. Morgan Chase (JPM)

Dividend Yield: 2.7%

Percentage of OUSA Portfolio: 3.79%

JPMorgan was founded in 1799 as one of the first commercial banks in the U.S. Since then, it has merged or acquired more than 1,200 different institutions, creating a global banking behemoth with about $159 billion in annual revenue. JPMorgan competes in every major segment of financial services, including consumer banking, commercial banking, home lending, credit cards, asset management and investment banking.

JPMorgan posted third quarter earnings on October 13th, 2023, and results were much better than expected on both the top and bottom lines. Earnings-per-share came to $4.33, which was an impressive 39 cents better than estimates. Revenue soared 22% year-over-year to $39.9 billion, which beat consensus by almost half a billion dollars.

Provisions for credit losses were $1.38 billion, well off the estimate of $2.52 billion, and down sharply from $2.90 billion in the second quarter. Net interest income was $22.7 billion, ~$400 million better than expected, and up from $17.5 billion a year ago. Total loans were $1.31 trillion, essentially flat from the June quarter. Deposits were $2.38 trillion, again essentially flat from Q2.

Click here to download our most recent Sure Analysis report on JPM (preview of page 1 of 3 shown below):

No. 5: Visa Inc. (V)

Dividend Yield: 0.8%

Percentage of OUSA Portfolio: 3.97%

Visa is the world’s leader in digital payments, with activity in more than 200 countries. The company’s global processing network provides secure and reliable payments around the world and is capable of handling more than 65,000 transactions a second. In fiscal year 2022 the company generated $16 billion in profit.

On October 24th, 2023, Visa announced a 16% increase to the dividend to $2.08 per share annually.

On October 24th, 2023, Visa reported fourth quarter 2023 results for the period ending September 30th, 2023. (Visa’s fiscal year ends September 30th.) For the quarter, Visa generated revenue of $8.6 billion, adjusted net income of $4.8 billion and adjusted earnings-per-share of $2.33, marking increases of 11%, 18% and 21%, respectively.

These results were driven by a 9% gain in Payments Volume, a 16% gain in Cross-Border Volume and a 10% gain in Processed Transactions. Visa processed 56.0 billion transactions in the quarter.

Click here to download our most recent Sure Analysis report on Visa (preview of page 1 of 3 shown below):

No. 4: Verizon Communications (VZ)

Dividend Yield: 7.3%

Percentage of OUSA Portfolio: 4.23%

Verizon Communications was created by a merger between Bell Atlantic Corp and GTE Corp in June 2000. Verizon is one of the largest wireless carriers in the country. Wireless contributes three-quarters of all revenues, and broadband and cable services account for about a quarter of sales. The company’s network covers ~300 million people and 98% of the U.S.

On September 7th, 2023, Verizon announced that it was increasing its quarterly dividend 1.9% to $0.665 for the November 1st, 2023 payment, extending the company’s dividend growth streak to 19 consecutive years. On October 24th, 2023, Verizon reported earnings results for the third quarter for the period ending June 30th, 2023. For the quarter, revenue declined 2.7% to $33.3 billion, but this was in-line with expectations. Adjusted earnings-per-share of $1.22 compared unfavorably to $1.32 in the prior year, but this was $0.04 more than anticipated.

Verizon had postpaid phone net losses of 51K, but this was an improvement both on year-over-year and sequential basis. Revenue for the Consumer segment declined 2.3% to $25.3 billion, though wireless service revenue improved 2.9% due to higher average revenue per account. Broadband totaled 434K net new customers during the period, the fourth consecutive quarter of at least 400K net adds.

Click here to download our most recent Sure Analysis report on VZ (preview of page 1 of 3 shown below):

No. 3: Comcast Corporation (CMCSA)

Dividend Yield: 2.7%

Percentage of Portfolio: 4.46%

Comcast is a media, entertainment and communications company. As of Q1 2023, Comcast began reporting in 2 key business segments: Connectivity & Platforms (Residential Connectivity & Platforms and Business Services Connectivity), and Content & Experiences (Media, Studios, Theme Parks).

Comcast reported its Q3 2023 results on 10/26/23. For the quarter, the company’s revenues climbed 0.9% to $30.12 billion, adjusted EBITDA (a cash flow proxy) rose 5.1% to $9.96 billion, adjusted earnings-per-share (EPS) climbed 12.5% to $1.08. And it generated free cash flow (FCF) of $4.03 billion.

The Connectivity & Platforms segment’s revenues rose by 1.1% to $20.27 billion and adjusted EBITDA growth was 3.0% to $8.22 billion. Within the segment, Residential Connectivity & Platforms saw a marginal increase of 0.7% in revenue to $17.95 billion and adjusted EBITDA growth of 2.9% to $6.89 billion, while Business Services Connectivity witnessed revenue growth of 4.7% to $2.32 billion and adjusted EBITDA growth of 3.6% to $1.34 billion year over year.

The Content & Experiences segment saw marginal revenue growth of 0.8% to $10.56 billion, but its adjusted EBITDA jumped 10.2% to $1.97 billion – these results were primarily driven by Theme Parks. During Q3 2023, Comcast repurchased $3.5 billion worth of common stock at ~$45.16 per share.

Click here to download our most recent Sure Analysis report on CMCSA (preview of page 1 of 3 shown below):

No. 2: Apple (AAPL)

Dividend Yield: 0.51%

Percentage of OUSA Portfolio: 5.30%

Apple designs, manufactures and sells technology products such as iPhones, iPads, Mac, Apple Watch and Apple TV. Apple also has a services business that sells music, apps, and subscriptions.

Apple stock is the #1 holding of Berkshire Hathaway (BRK.B), making the technology giant one of the top Warren Buffett stocks.

On November 2nd, 2023, Apple reported results for the fourth quarter of fiscal year 2023 (Apple’s fiscal year ends the last Saturday in September). It grew its sales 3% over last year’s quarter thanks to record sales of iPhone for a fourth quarter and all-time high Service sales. The iPhone segment generated 49% of total sales while Service sales comprised 25% of total sales. Earnings-per-share grew 13%, from $1.29 to $1.46, and exceeded the analysts’ consensus by $0.07.

Click here to download our most recent Sure Analysis report on AAPL (preview of page 1 of 3 shown below):

No. 1: Microsoft Corporation (MSFT)

Dividend Yield: 0.81%

Percentage of OUSA Portfolio: 5.56%

Microsoft Corporation, founded in 1975 and headquartered in Redmond, WA, develops, manufactures and sells both software and hardware to businesses and consumers.

Its offerings include operating systems, business software, software development tools, video games and gaming hardware, and cloud services.

In late October, Microsoft reported (10/24/23) financial results for the first quarter of fiscal 2024 (its fiscal year ends June 30th). The company accelerated its performance and grew its revenue 13% over last year’s quarter. Growth came from Intelligent Cloud and Productivity & Business Processes, which grew 19% and 13%, respectively.

Sales of Azure, Microsoft’s high-growth cloud platform, grew 29%. As a result, earnings-per-share grew 27%, from $2.35 to $2.99, and exceeded the analysts’ consensus by $0.34.

Click here to download our most recent Sure Analysis report on Microsoft (preview of page 1 of 3 shown below):

Final Thoughts

Kevin O’Leary has become a household name due to his appearances on the TV show Shark Tank. But he is also a well-known asset manager, and his investment philosophy largely aligns with Sure Dividend’s. Specifically, Mr. Wonderful typically invests in stocks with large and profitable businesses, with strong balance sheets and consistent dividend growth every year.

Not all of these stocks are currently rated as buys in the Sure Analysis Research Database, which ranks stocks based on expected total return due to a combination of earnings per share growth, dividends, and changes in the price-to-earnings multiple.

However, several of these 10 stocks are valuable holdings for a long-term dividend growth portfolio.

Additional Resources

See the articles below for analysis on other major investment firms/asset managers/gurus:

If you are interested in finding more high-quality dividend growth stocks suitable for long-term investment, the following Sure Dividend databases will be useful:

The major domestic stock market indices are another solid resource for finding investment ideas. Sure Dividend compiles the following stock market databases and updates them monthly:

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