Google Inc. (NASDAQ:GOOG) is another popular tech stock among the hedge funds within our database. The total number of firms invested in the company’s Class A shares stood at 113 at the end of the latest quarter, down by eight from the prior quarter, whereas the value of these investments increased to $8.15 billion from $7.36 billion. By the same token, there are 106 hedge funds that own Google’s Class C shares, compared to 108 funds at the end of the first quarter. Google is currently trying to penetrate the domestic wireless networks market with its new “smart router” that is set to enhance WiFi quality and security. The $200 OnHub Smart Router has been designed to control the “internet of things” inside homes, and is likely to unlock a new revenue stream for the tech giant. Andreas Halvorsen’s Viking Global owns 2.74 million Class A shares and 1.15 million Class C shares of Google, making it one of the largest shareholders of the tech company.
Let’s now move on to Microsoft Corporation (NASDAQ:MSFT), which has seen its share price gain slightly over 1% since the beginning of the year. The hedge funds with positions in the stock fell to 105 from 110, while the value of their aggregate investments contracted to $14.99 billion from $16.13 billion. With Windows 10, Microsoft is doing something really different from what it has been doing so far. In the past, the company was working on new versions of Windows for two or three years before launching them. However, the latest version of Windows is set to receive small updates on a regular basis which users will have to pay for, which will represent a steady stream of revenue for Microsoft from now on. From the 737 actively reporting hedge funds that we track, Jeffrey Ubben’s ValueAct Capital holds a $3.55 billion stake in Microsoft, consisting of 75.27 million shares.
Last but not least, we will take a look at how hedge funds feel about Amazon.com Inc. (NASDAQ:AMZN). 103 hedge funds from our database held positions in the company at the end of the second quarter, up from 96 a quarter ago. The value of the positions in Amazon reached $10.46 billion, increasing from $8.40 billion. The shares of Amazon have skyrocketed in 2015, delivering a gain of over 72% year-to-date. The sharp increase in the company’s share price was mainly supported by its strong financial performance this year. Amazon reported earnings per share (EPS) of $0.19 on revenue of $23.18 billion for the quarter, beating the analysts’ estimates of an EPS loss of $0.14 on revenue of $22.39 billion. Fisher Asset Management, established by Ken Fisher, reported owning 2.49 million shares of Amazon through its recent 13F filing for the June quarter.
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