Alphabet Inc (GOOGL) Bests Oracle (ORCL) in Java Legal Battle

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Key money managers jumped into Alphabet Inc (NASDAQ:GOOGL) headfirst during Q1. Third Point assembled the most outsized position in Alphabet Inc (NASDAQ:GOOGL), having $534 million invested in the company at the end of the quarter. Jim Simons’ Renaissance Technologies also made a $125.1 million investment in the stock during the quarter. The other funds with brand new GOOGL positions are Alexander Mitchell’s Scopus Asset Management, Nick Niell’s Arrowgrass Capital Partners, and Matthew Tewksbury’s Stevens Capital Management.

Let’s go over hedge fund activity in other stocks similar to Alphabet Inc (NASDAQ:GOOGL). We will take a look at Alphabet Inc (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), Berkshire Hathaway Inc. (NYSE:BRK-B), and Exxon Mobil Corporation (NYSE:XOM). This group of stocks’ market valuations are similar to GOOGL’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
GOOG 142 14902723 0
MSFT 144 20830664 4
BRK-B 71 19576045 -4
XOM 60 2500727 -8

As you can see these stocks had an average of 104 hedge funds with bullish positions and the average amount invested in these stocks was $14.45 billion. That figure was $14.98 billion in GOOGL’s case. Microsoft Corporation (NASDAQ:MSFT) is the most popular stock in this table. On the other hand Exxon Mobil Corporation (NYSE:XOM) is the least popular one with only 60 bullish hedge fund positions. Compared to these stocks Alphabet Inc (NASDAQ:GOOGL) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

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