Google Inc (GOOGL) Misses On Revenue, But Earnings Beat Has Market Impressed

How are hedge funds trading Google Inc (NASDAQ:GOOGL)?

According to hedge fund experts at Insider Monkey, Andreas Halvorsen‘s Viking Global had the most valuable position in Google Inc (NASDAQ:GOOGL), owning 1.64 million Class A shares worth close to $908.8 million on March 31, accounting for 3.5% of its total 13F portfolio. Sitting in the second spot was Ken Fisher of Fisher Asset Management, with 822,275 Class A shares, a $456.1 million position; 0.9% of its 13F portfolio was allocated to the stock. Other peers that were bullish comprise Boykin Curry’s Eagle Capital Management, David Blood and Al Gore’s Generation Investment Management, and William B. Gray’s Orbis Investment Management.

Consequently, some big names have been driving this bullishness. Point State Capital, managed by Zach Schreiber, created the most valuable position in Google Inc (NASDAQ:GOOGL) in the first quarter. Point State Capital had a $217.4 million position in the company at the end of the quarter, acquiring 392,000 Class A shares. Larry Robbins’ Glenview Capital also made a $183.1 million investment in 330,060 Class A shares during the quarter. The other funds with brand new Google holdings were Doug Silverman and Alexander Klabin’s Senator Investment Group, Thomas E. Claugus’ GMT Capital, and Dinakar Singh’s TPG-AXON Management LP.

Due to the very bullish sentiment from hedge funds and the outstanding performance of the stock, we recommend a long position in Google Inc (NASDAQ:GOOGL).

Disclosure: None