Post by Augustine Chiagozie (@pabloexchange)

❕ Just 4% of U.S. stocks created almost all market wealth

A study of 29,754 U.S. stocks listed between 1926 and 2025 found that the market created $90.96 trillion in shareholder wealth. Almost all of it came from just 1,082 companies, while the remaining 96% created virtually none.

The typical stock actually lost 6.87%, 59% of companies destroyed shareholder value, and only 41% outperformed Treasury bills.
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The biggest wealth creators were:
🖱Apple ($5.02T)
🖱Nvidia ($4.58T)
🖱Microsoft ($4.03T)
🖱Alphabet ($3.57T)
🖱Amazon ($2.27T)

Apple and Nvidia alone generated 10.6% of all shareholder wealth created since 1926.
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Market concentration is also increasing. In 2016, it took 89 companies to account for half of all market wealth. Today, it takes just 46.
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The biggest winners have always driven long-term market returns. The difference today is how concentrated those winners have become.

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