In this piece, we will take a look at the 20 biggest companies that sponsor H1B visas. For more companies, head on over to 5 Biggest Companies that Sponsor H1B Visas.
The United States of America is the world’s largest economy and among the most popular nations in the world. It is home to one of the best education systems in the world and also has pioneering companies that lead – and in some cases have created – their own industries. Consequently, the U.S. is a dream for millions of students and workers.
In order to work in the U.S., one visa that a nonimmigrant has to obtain is an H1-B visa. This is a company-sponsored ticket stamped on the passport and is tightly controlled by Homeland Security and the State Department. The U.S. economy is fueled by these visas, as the H1-B workers often work in Science, Technology, Engineering, and Mathematics (STEM) areas where U.S. citizen workers are often in a shortage. Data backs up this conclusion, as H-1B workers are 8.4% of the U.S. population. They are not classified US citizens, but the percentage figure is derived by dividing the 28 million foreign workers by the 334 million U.S. population.
The largest sponsors of foreign workers are Indian and U.S. technology firms. Most H1-B workers have obtained a U.S. degree, and a STEM designated degree also allows them to search and work for years before their student visa expires. The biggest H1-B visa sponsors are Tata Consultancy Services Limited (NSE:TCS.NS), Meta Platforms, Inc. (NASDAQ:META), and Alphabet Inc. (NASDAQ:GOOGL).
Photo by Ant Rozetsky on Unsplash
Our Methodology
We used data from the United States Citizenship and Immigration Service (USCIS) which includes new applications, new approvals, rolling approvals, and rolling denials. For our list, the rolling approval figures are used. These are new Form I-129 applications that have been previously approved.
Fiscal Year 2022 Continuing Approval I-129 Applications: 694
NVIDIA Corporation (NASDAQ:NVDA) is one of the world’s largest semiconductor designers and one that is credited with having invented the graphics processing unit (GPU). The company has 22,473 employees, and it sells its products to both consumers and companies. According to the USCIS, NVIDIA Corporation (NASDAQ:NVDA)’s continuing approval H1-B applications were 694 in FY 2022.
Insider Monkey’s Q3 2022 survey of 920 hedge funds revealed that 89 had held a stake in NVIDIA Corporation (NASDAQ:NVDA).
NVIDIA Corporation (NASDAQ:NVDA)’s largest investor in our database is Ken Fisher’s Fisher Asset Management which owns 12 million shares that are worth $1.4 billion.
Fiscal Year 2022 Continuing Approval I-129 Applications: 706
Uber Technologies, Inc. (NYSE:UBER) is a ridesharing platform provider. It is headquartered in San Francisco, California, and has 32,600 employees. Uber lets its customers book rides, sign up as drivers to make money, and order different products. The firm’s latest number of continuing approval H1-B applications is 706.
142 of the 920 hedge funds polled by Insider Monkey during this year’s third quarter had bought a stake in Uber Technologies, Inc. (NYSE:UBER).
Out of these, Ken Fisher’s Fisher Asset Management is Uber Technologies, Inc. (NYSE:UBER)’s largest investor. It owns 19 million shares that are worth $510 million.
Fiscal Year 2022 Continuing Approval I-129 Applications: 961
QUALCOMM Incorporated (NASDAQ:QCOM) is a semiconductor designer with a wide variety of products for smartphones, routers, cars, and other devices. It is headquartered in San Diego, California, and has 51,000 employees. Additionally, according to the USCIS, the firm had 961 continuing approval applications.
During September 2022, 80 of the 920 hedge funds polled by Insider Monkey had held a stake in QUALCOMM Incorporated (NASDAQ:QCOM).
David Goel and Paul Ferri’s Matrix Capital Management is QUALCOMM Incorporated (NASDAQ:QCOM)’s largest shareholder. It owns 3.3 million shares that are worth $377 million.
Fiscal Year 2022 Continuing Approval I-129 Applications: 1402
International Business Machines Corporation (NYSE:IBM) is one of the oldest and most pivotal technology firms in America. Not only is it a pioneer in conventional semiconductor design and enterprise computing, but the firm is also an active player in the quantum computing arena. International Business Machines Corporation (NYSE:IBM) had 1402 continuing approval H1-Bs as of the fiscal year 2022.
Insider Monkey studied 920 hedge funds for their Q3 2022 investments to discover that 40 had bought a stake in International Business Machines Corporation (NYSE:IBM).
International Business Machines Corporation (NYSE:IBM)’s largest investor is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital which owns 4.3 million shares that are worth $515 million.
Fiscal Year 2022 Continuing Approval I-129 Applications: 1566
Salesforce, Inc. (NYSE:CRM) is a customer relationship management software provider that lets companies improve their customer interactions through data analysis and marketing campaigns. It is based in San Francisco, California, has 74,541 employees, and had 1,566 H1-B approvals last year.
As we scoured through 920 hedge fund holdings for 2022’s September quarter, we found out that 117 had bought Salesforce, Inc. (NYSE:CRM)’s shares.
Salesforce, Inc. (NYSE:CRM)’s largest hedge fund investor is Ken Fisher’s Fisher Asset Management which owns 12.7 million shares that are worth $1.8 billion.
Fiscal Year 2022 Continuing Approval I-129 Applications: 1673
Walmart Inc. (NYSE:WMT) is the world’s largest supermarket chain which has a whopping 10,400 stores in 24 different countries. Naturally, running these stores requires an equally large number of employees, and Walmart won’t disappoint you there either as it employs a staggering 2.3 million people. The firm’s continuing H1-B approvals are 1,673.
By the end of Q3 2022, 68 of the 920 hedge funds part of Insider Monkey’s survey had bought Walmart Inc. (NYSE:WMT)’s shares.
Walmart Inc. (NYSE:WMT)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 8.1 million shares that are worth $1 billion.
Fiscal Year 2022 Continuing Approval I-129 Applications: 1730
Oracle Corporation (NYSE:ORCL) is an enterprise resource computing platform provider that enables companies to consolidate their data under a single platform for generating insights, reports, and analytics. It has 143,000 full time employees and 1,730 approved H1-B applications.
For their September quarter of 2022 investments, 67 of the 920 hedge funds surveyed by Insider Monkey had invested in Oracle Corporation (NYSE:ORCL).
Out of these, Jean-Marie Eveillard’s First Eagle Investment Management is Oracle Corporation (NYSE:ORCL)’s largest shareholder with a $1.5 billion stake that comes via 25.9 million shares.
Fiscal Year 2022 Continuing Approval I-129 Applications: 1730
Cisco Systems, Inc. (NASDAQ:CSCO) is a networking equipment provider that serves the needs of companies. Its products include routers, switches, controllers, and software products. The firm is based in San Jose, California.
Insider Monkey took a look at 920 hedge fund portfolios for their third quarter of 2022 investments to discover that 68 had held a stake in Cisco Systems, Inc. (NASDAQ:CSCO).
Cisco Systems, Inc. (NASDAQ:CSCO)’s largest shareholder is John Overdeck and David Siegel’s Two Sigma Advisors which owns 9.7 million shares that are worth $388 million.
Fiscal Year 2022 Continuing Approval I-129 Applications: 1905
Ernst & Young Global Limited is a private accounting firm that is headquartered in the United Kingdom. It is also one of the largest privately held organizations in the United States. The company provides audit, assurance, tax, consulting, and other services. Ernst & Young Global Limited’s approved H1-B applications, filed under Ernst Young US LLP with the USCIS, are 1,905.
Fiscal Year 2022 Continuing Approval I-129 Applications: 1971
JPMorgan Chase & Co. (NYSE:JPM) is one of the largest and oldest banks in the world. Set up in 1799, it is the largest U.S. bank and the fifth largest in the world with a whopping $3.7 trillion in assets as of 2021 end. JPMorgan Chase & Co. (NYSE:JPM) has 288,474 full time employees and saw 1,971 continued approval applications last fiscal year.
110 of the 920 hedge funds polled by Insider Monkey during Q3 2022 had invested in JPMorgan Chase & Co. (NYSE:JPM).
JPMorgan Chase & Co. (NYSE:JPM)’s largest shareholder in our database is Ken Fisher’s Fisher Asset Management which owns 7.8 million shares that are worth $820 million.
Fiscal Year 2022 Continuing Approval I-129 Applications: 2322
Intel Corporation (NASDAQ:INTC) is the world’s largest chipmaker and one that is credited to have invented the modern day semiconductor. The company sells central processing units (CPUs) and graphics processing units (GPUs), which it both designs and manufactures, in sharp contrast to the general model in the industry.
Insider Monkey analyzed 920 hedge fund portfolios for their September quarter of 2022 investments to discover that 69 had bought Intel Corporation (NASDAQ:INTC)’s shares.
John Overdeck and David Siegel’s Two Sigma Advisors is Intel Corporation (NASDAQ:INTC)’s largest investor. It owns 15 million shares that are worth $390 million.
Fiscal Year 2022 Continuing Approval I-129 Applications: 3030
Apple Inc. (NASDAQ:AAPL) is the world’s largest technology firm both in terms of revenue and market capitalization. The firm sells smartphones, laptops, smartwatches, tablets, and computers alongside providing software products as well. Its continuing approval of H1-B applications stood at 3,030 last fiscal year.
By the end of this year’s third quarter, 140 of the 920 hedge funds polled by Insider Monkey had invested in Apple Inc. (NASDAQ:AAPL).
Apple Inc. (NASDAQ:AAPL)’s largest shareholder in our database is Warren Buffett’s Berkshire Hathaway which owns 894 million shares that are worth $123 billion.
Fiscal Year 2022 Continuing Approval I-129 Applications: 3045
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a software company that provides products that enable customers to run analytics in finance, healthcare, manufacturing, communications, and other industries. The firm is headquartered in Teaneck, New Jersey.
39 of the 920 hedge funds polled by Insider Monkey during this year’s third quarter had bought Cognizant Technology Solutions Corporation (NASDAQ:CTSH)’s shares.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH)’s largest investor is Richard S. Pzena’s Pzena Investment Management which owns 14.2 million shares that are worth $818 million.
Fiscal Year 2022 Continuing Approval I-129 Applications: 3080
Infosys Limited (NYSE:INFY) is an Indian technology consulting and outsourcing company. The firm is based in Bengaluru, India, and it serves the needs of banking, media, utilities, energy, and other industries. During the fiscal year 2022, the USCIS reported that Infosys Limited (NYSE:INFY) had 3,080 continuing approval H1-B applications.
As part of their third quarter of 2022 investments, 22 of the 920 hedge funds part of Insider Monkey’s research had held a stake in Infosys Limited (NYSE:INFY) .
Infosys Limited (NYSE:INFY)’s largest shareholder is Ken Fisher’s Fisher Asset Management which owns 16.9 million shares that are worth $287 million.
Fiscal Year 2022 Continuing Approval I-129 Applications: 3752
Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest electronic commerce retailer that also has cloud computing, satellite internet, and consumer electronics divisions. The firm has a whopping 1.5 million employees, and during the fiscal year 2022, its combined H1-B continuing approvals stood at 3,752. At the same time, Amazon.com, Inc. (NASDAQ:AMZN) also scored 1,534 initial approvals for first time H1-B applications.
269 of the 920 hedge funds polled by Insider Monkey during this year’s third quarter had invested in Amazon.com, Inc. (NASDAQ:AMZN).
Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 49.8 million shares that are worth $5.6 billion.
Click to continue reading and see 5 Biggest Companies That Sponsor H1B Visas.
Suggested Articles:
10 Best Uranium Stocks To Buy
Top 25 Regional Banks Stocks
10 Biggest Fixed Income ETFs in the US
Disclosure: None. 20 Biggest Companies That Sponsor H1B Visas is originally published on Insider Monkey.
Related Quotes
Profit from folly. Don’t participate in it.
These snowbirds are heading south for the winter. And staying put.
The only single-ticker investment that this Fool would trust with his entire life savings might surprise you.
In this article, we will take a look at the 10 dirt cheap stocks to buy. To see more such companies, go directly to 5 Dirt Cheap Stocks To Buy. Amid a disastrous 2022 some analysts and market pundits are predicting a market rebound in late 2023 or 2024. Historically, market declines have given a […]
With the market selling off over the past year, many stocks are cheaper than they were. However, some stand out because they're ridiculously cheap compared to their peers. Right now, two stocks with absurdly low valuations are Energy Transfer (NYSE: ET) and Medical Properties Trust (NYSE: MPW).
Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Tesla Inc. is rated Hold with a C rating by TheStreet's Quant Ratings.
If you want $10,000 in passive income in 2023, it's possible to do so by investing a total of $110,000 in these high-yield dividend stocks. As a BDC, Ares provides financing to small to medium-sized businesses. The company must return at least 90% of its taxable income to shareholders in the form of dividends.
Intel (NASDAQ: INTC) provided investors with insights into what it's thinking about its future business prospects. This video captures the critical moments from that update. *Stock prices used were the afternoon prices of Jan.
States vary widely in the way they tax retirement income so location is an important consideration in financially planning for retirement. Some states don't levy income states on any sort of retirement income, while others tax IRA and 401(k) distributions, … Continue reading → The post 11 States That Do Not Tax Retirement Income appeared first on SmartAsset Blog.
These best-of-breed names belong to a select group of 48 companies that have raised their dividends for at least 50 consecutive years.
Verizon (NYSE: VZ) and Intel (NASDAQ: INTC) give investors a healthy dividend yield plus a chance for capital appreciation. This video will answer which of these is the better dividend stock to buy. *Stock prices used were the afternoon prices of Jan.
If you keep money in a regular savings account you will generally owe federal income taxes on the interest that is earned. You'll pay taxes at your regular rate the year interest is earned, whether or not you withdraw from … Continue reading → The post How to Avoid Tax on a Savings Account appeared first on SmartAsset Blog.
DNB Asset Management increased positions in Tesla and Plug Power, while slashing its stake in General Motors in the fourth quarter.
Pfizer Inc. ( NYSE:PFE ) has announced that it will be increasing its periodic dividend on the 3rd of March to $0.41…
Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has made millions for his early investors. A $1,000 investment in Berkshire stock in 1965, when Buffett took control of the company, would have grown to more than $36 million in 2021 if the investor remained invested. Among Berkshire's largest holdings, there are a few that stand out for their durable brands and competitive strengths.
The government is in a doom spiral of spending and borrowing
In this article, we will take a look at the 13 biggest gold mines in the world. You can skip this part and go to 5 Biggest Gold Mines in the World. Investors almost always remain focused on the movement of gold, perhaps the most valuable and reliable asset in the world. Gold price touched […]
The boom in special purpose acquisition companies (SPACs) and flurry of initial public offerings (IPOs) in 2020 and 2021 produced a lot of public companies that are starting to run into serious financial trouble in this difficult economic environment. Banking disruptor SoFi Technologies (NASDAQ: SOFI) was a product of the SPAC boom, and like many of its fellow ex-SPACs, its stock has performed poorly — down about 79% from the peak. In addition to the general cooling off of high-growth stocks, investors are frustrated that SoFi's core student loan refinancing business remains at a virtual standstill, and there are worries that higher interest rates could hurt its lending operations, by far the more profitable side of the business.
ExxonMobil (NYSE: XOM) is one of the largest integrated oil and gas companies on earth. And after more than a decade of poor returns, it's become a lean, mean cash-flow-generating machine. But it didn't come easy, and management has a secret weapon to boost returns for investors.
(Bloomberg) — The pause in the stock market’s strong start to 2023 underscores the main question vexing much of Wall Street: When will it be safe to start buying again? Most Read from BloombergPrince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine MaxwellHolmes Belongs in Prison, Not $13,000-a-Month Manor, US SaysInvestors Aren't Sure When to Dive Back Into US Stock MarketChina Says Covid Deaths Top 12,600 and More Than 1 Billion InfectedTen People Killed in Mass Shooting Near Los AngelesY
