5 top ASX 200 shares I would buy with $5,000

A woman looks nonplussed as she holds up a handful of Australian $50 notes.

If I had $5,000 ready to invest in the ASX 200 right now, I wouldn’t overcomplicate it. I’d spread it across a handful of businesses that I believe have genuine growth potential and strong long-term positioning.

Here are five ASX 200 shares I would be comfortable buying with that amount today.

Hub24 Ltd (ASX: HUB)

Hub24 is one of my favourite structural growth stories on the ASX.

The shift toward professional financial advice, managed accounts, and sophisticated portfolio solutions isn’t slowing down. Hub24 continues to win market share thanks to its technology, breadth of investment options, and strong adviser relationships.

Net inflows have remained robust, and funds under administration continue to climb. I believe that as scale increases, operating leverage should support earnings growth over time. For me, this is a high-quality platform business with years of runway left.

Lovisa Holdings Ltd (ASX: LOV)

Lovisa Holdings might not look exciting at first glance, but I see a powerful growth engine.

Lovisa’s fast-fashion jewellery model is highly scalable. It has demonstrated the ability to expand internationally, particularly in the US and Europe, while maintaining attractive store-level economics.

What I like most is the consistency of execution. Store rollouts, product turnover, and brand positioning have all been handled well. If global expansion continues at pace, I think Lovisa still has a long growth runway ahead.

Sigma Healthcare Ltd (ASX: SIG)

Sigma Healthcare is a more defensive inclusion, but one with improving fundamentals.

Pharmaceutical distribution is not glamorous, but it is essential. Demand for medicines is relatively stable, and scale matters in this industry. Sigma’s recent progress in strengthening its network and improving efficiency gives me confidence that earnings momentum can build from here.

I see this as a steady compounder rather than a high-risk growth bet, which is exactly the kind of balance I like in a small portfolio.

Qantas Airways Ltd (ASX: QAN)

Qantas has transformed itself over the past few years.

The airline has emerged leaner, with a renewed focus on profitability and disciplined capacity management. Jetstar remains a growth driver, and the frequent flyer business continues to provide high-margin earnings.

I also think the fleet renewal program and operational reset position Qantas well for the next stage of its cycle. While airlines are inherently cyclical, I believe Qantas is currently operating from a position of strength.

Megaport Ltd (ASX: MP1)

Megaport is a high-risk, high-reward pick in this group.

Megaport operates a network-as-a-service platform that allows customers to connect to cloud providers and data centres on demand. As cloud adoption and AI workloads increase, demand for flexible, software-defined connectivity should grow.

The acquisition of Latitude has expanded Megaport’s offering into compute, broadening its addressable market. Execution remains key, but if management delivers, I think the upside could be meaningful.

Foolish takeaway

If I were investing $5,000 across ASX 200 shares today, I think Hub24, Lovisa, Sigma Healthcare, Qantas, and Megaport would be great picks.

Each plays a different role but together, I believe they offer a compelling blend of quality and growth potential for long-term investors.

The post 5 top ASX 200 shares I would buy with $5,000 appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino has positions in Hub24 and Lovisa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24, Lovisa, and Megaport. The Motley Fool Australia has recommended Hub24 and Lovisa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.