Hedge Fund Adage Capital’s Top Tech Stock Picks

Microsoft Corporation (NASDAQ:MSFT) comes in at number two in the list of top tech picks of Adage Capital. The current position of the fund in the Windows OS developer amounts to 11.96 million shares valued at $486.29 million. Microsoft Corporation is an equally interesting company that comes up with impressive software products and applications. The tech giant has released an age and gender detector tool, “HowOldRobot”, which will work alongside Bing search results. This tool will be able to determine the age and gender of the subject whose photo is uploaded in the search box. This tool is likely to be available as an option that can be used for personal photographs or other Bing search results. In a separate announcement, Microsoft Corporation (NASDAQ:MSFT) has declared that the upgrades of its Windows 10 operating system will be chargeable after the first year of usage. Windows 10 is the last Windows operating system, with the company saying it will focus on providing upgrades to it in the coming years. ValueAct Capital and Jean-Marie Eveillard‘s First Eagle Investment Management hold large positions in Microsoft Corporation (NASDAQ:MSFT).

Facebook Inc (NASDAQ:FB), the social media behemoth, is another major tech stock in the public equity portfolio of Adage Capital. The one thing that is common in all of these stocks apart from being tech stocks is their innovative approach. Facebook is expanding itself into multiple directions with acquisitions and new projects. Some of its worthy mentions include WhatsApp, Oculus Rift, and Internet.org, the latter of which aims to provide free internet access to the users of developing countries. Adage Capital holds 3.25 million shares of the social network, valued at $266.95 million as of March 31. According to a recent announcement from its Oculus project, customers will likely have to spend about $1,500 for the Oculus Rift headset and a high-powered computer (if they don’t own one) to enjoy the device’s stunning virtual reality experience, which may limit its base of customers slightly. Brendan Iribe, CEO of Oculus, which was bought by Facebook last year for $2 billion, said that the company is trying to bring the cost down to about $1,000. Lone Pine Capital and Philippe Laffont‘s Coatue Management are among the largest investors of Facebook Inc (NASDAQ:FB).

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