3. Cognizant Technology Solutions Corp (NASDAQ:CTSH)
Investors with Long Positions (as of June 30): 49
Aggregate Value of Investors’ Holdings (as of June 30): $842.82 Million
The $38.27 billion provider of IT, consulting and business process services occupied the sixth spot on Goldman’s list and the third spot among tech stocks with a quality score of 92. Cognizant Technology Solutions Corp (NASDAQ:CTSH)’s stock has posted strong gains of almost 18% so far this year. Paul Singer was also bearish on this stock, as Elliott held put options underlying some 261,000 shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) at the end of June. On the other hand, Citadel Investment Group, which is managed by Ken Griffin, increased its holding in the company by 43% during the second quarter to 2.45 million shares and topped our list of Cognizant Technology Solutions Corp (NASDAQ:CTSH)’s stockholders.
2. Mastercard Inc (NYSE:MA)
Investors with Long Positions (as of June 30): 75
Aggregate Value of Investors’ Holdings (as of June 30): $7.74 Billion
The payments company received a quality score of 92 as well and ranked 5th on the high-quality stocks’ list, and second among tech stocks (we don’t actually consider Mastercard a tech stock, but Goldman Sachs does, so we’ll go with it for this article). Barclays recently reiterated its ‘Overweight’ rating on the company and increased its price target to $107 from $100. Google Inc (NASDAQ:GOOGL) recently launched Android Pay in cooperation with Mastercard Inc (NYSE:MA) across a million locations in the U.S. So far this year, Mastercard’s stock price has climbed by a steady 5.6% despite the current volatility. Tom Russo‘s Gardner Russo & Gardner is the largest stockholder of Mastercard Inc (NYSE:MA) among the investors that we track, and it increased its holding by 1% to 10.03 million shares during the second quarter.
1. Google Inc (NASDAQ:GOOGL)
Investors with Long Positions (as of June 30): 115
Aggregate Value of Investors’ Holdings (as of June 30): $8.19 Billion
With a quality score of 93, Google Inc (NASDAQ:GOOGL) ranked third on the list, and achieved the highest ranking for a tech company. Goldman also recently upgraded Google’s rating to ‘Buy’ from ‘Neutral’ and increased its price target to $800 from $600. This was part of an array of upgrades on the stock from Mizuho, Monness Crespi & Hardt, Stifel, Morgan Stanley, and Atlantic Securities. Viking Global, which is managed by Andreas Halvorsen, is the largest stockholder of Google Inc (NASDAQ:GOOGL) within our database, and increased its stake by 67% to 2.74 million Class A shares during the April-June quarter.
Disclosure: None
