10 Best Tech Stocks to Buy According to Noam Gottesman’s Man GLG

Published December 13, 2021 at 9:01 am EST Updated September 7, 2026 at 1:51 pm EDT

In this article, we discuss the 10 best tech stocks to buy according to Man GLG.

Man GLG, previously known as GLG Partners, was co-founded by Noam Gottesman, a British-American businessman and billionaire hedge fund manager, in 1995 as a unit of Lehman Brothers. GLG Partners was spun off by Lehman Brothers in 2000, and the hedge fund became publicly listed in 2007. To enter the UK retail market, GLG Partners acquired Société Générale Asset Management UK.

Man Group plc (LSE:EMG.L), an active investment management firm, acquired GLG Partners, rebranding the hedge fund as Man GLG. Noam Gottesman remained the co-CEO of Man GLG till 2012, and currently, Teun Johnston is the CEO of the hedge fund. Johnston joined Man GLG as the head of product strategy in 2012, and holds a Master’s in engineering, manufacturing, and management from the University of Manchester, in addition to being a member of the Institute of Chartered Accountants in England and Wales.

As per the 13F filings from September, Man GLG’s portfolio is valued at $28.5 billion, with a top 10 holdings concentration of 12.78%. The hedge fund purchased 298 new stocks in the third quarter, sold out of 355 securities, made additional purchases in 792 stocks, and reduced holdings in 744 equities. Man GLG’s top buys for Q3 included EOG Resources, Inc. (NYSE:EOG), Mastercard Incorporated (NYSE:MA), and Starbucks Corporation (NASDAQ:SBUX), and the fund reduced holdings in Amazon.com, Inc. (NASDAQ:AMZN), Apple Inc. (NASDAQ:AAPL), and Merck & Co., Inc. (NYSE:MRK).

10 Best Tech Stocks to Buy According to Man GLG

Noam Gottesman of GLG Partners

Almost 30% of Man GLG’s 13F portfolio comprises of tech stocks, and the most notable technology stocks held by the hedge fund as of Q3 2021 include Amazon.com, Inc., Apple Inc., Meta Platforms, Inc. (NASDAQ:FB), and Microsoft Corporation (NASDAQ:MSFT), among others discussed in detail below.

Our Methodology

We used the Q3 portfolio of Man GLG to select the top 10 tech stocks held by the hedge fund. To give more context about each company, we have mentioned the Q3 earnings performance, analyst ratings, and the hedge fund sentiment around each stock.

10 Best Tech Stocks to Buy According to Man GLG

10. Autodesk, Inc. (NASDAQ:ADSK)

Man GLG’s Stake Value: $149,264,000

Percentage of Man GLG’s 13F Portfolio: 0.52%

Number of Hedge Fund Holders: 54

Autodesk, Inc. (NASDAQ:ADSK) is a multinational software corporation from California, offering software and related services to multiple industries including architecture, engineering, media, education, and entertainment, among others. As of Q3 2021, Man GLG holds 523,421 Autodesk, Inc. shares, worth $149.2 million, representing 0.52% of the hedge fund’s total investments.

At the end of the third quarter of 2021, 54 hedge funds in the database of Insider Monkey were long Autodesk, Inc., down from 64 funds holding a position in the company in the preceding quarter. William Von Mueffling’s Cantillon Capital Management is the leading Autodesk, Inc. stakeholder, with a $341.6 million stake in the company.

Deutsche Bank analyst Johannes Schaller on November 30 lowered the price target on Autodesk, Inc. to $330 from $370 and kept a Buy rating on the shares, stating that Q3 results were mixed. Whereas the company displayed solid business momentum, labor constraints and supply chain headwinds might make demand fulfillment difficult.

In addition to Amazon.com, Inc., Apple Inc., Meta Platforms, Inc., and Microsoft Corporation, Autodesk, Inc. is a notable tech stock from Man GLG’s Q3 portfolio.

Here is what Polen Capital has to say about Autodesk, Inc. in its Q3 2021 investor letter:

“Shares of Autodesk have lagged recently due to expectations of short-term headwinds to free cash flow as the company transitions its billing structure to annual payments from multi-year up-front subscription payments. We view this as a transient issue and believe Autodesk’s attractive long-term growth profile remains in place.”

9. Intuit Inc. (NASDAQ:INTU)

Man GLG’s Stake Value: $223,335,000

Percentage of Man GLG’s 13F Portfolio: 0.78%

Number of Hedge Fund Holders: 64

Intuit Inc. (NASDAQ:INTU) is a global technology platform offering specialized financial software products including TurboTax, QuickBooks, Mint, Credit Karma, and Mailchimp. Man GLG, as of September this year, owns 413,959 Intuit Inc. shares, worth $223.3 million, representing 0.78% of the firm’s total investments.

As of Q3 2021, 64 hedge funds in Insider Monkey’s database of elite funds were bullish on Intuit Inc., with total stakes amounting to $6.15 billion. The leading stakeholder in the company is Fundsmith LLP, with 4.58 million shares worth $2.4 billion.

Deutsche Bank analyst Brad Zelnick on November 19 raised the price target on Intuit Inc. to $780 from $700 and kept a Buy rating on the shares, following strong fundamentals and financials, and “very impressive” fiscal Q1 results.

Here is what Cooper Investors has to say about Intuit Inc. in its Q3 2021 investor letter:

“The other meaningful deal during the quarter was Intuit’s acquisition of Mailchimp for $12bn. Intuit has reinvented itself over the last decade and thrived with a leadership position in QuickBooks Online, the financial accounting software for small businesses (effectively the ‘Xero of the US’). We originally invested in Intuit in February 2020, excited by the QuickBooks prospects.

Management has executed exceptionally well on the opportunity set which has seen the shares double since our initial purchase. However, the company has now conducted two meaningful deals in Mailchimp and Credit Karma worth a combined US$20bn over the last 12 months. The investment proposition has shifted from a focus on QuickBooks to now being a financial and small business software conglomerate. We continue to very much admire the company, but with Intuit now trading on 50x forward earnings we no longer see such attractive latency on offer, nor the rewards for the level of execution risk and thus we have exited the position.”

8. Intel Corporation (NASDAQ:INTC)

Man GLG’s Stake Value: $262,533,000

Percentage of Man GLG’s 13F Portfolio: 0.92%

Number of Hedge Fund Holders: 66

Intel Corporation (NASDAQ:INTC) is a multinational technology corporation that offers hardware and software for the tech industry, including semiconductor chips, microprocessors, integrated circuits, flash memory, graphics chips, and embedded processors, among other offerings. Man GLG holds a $262.5 million position in Intel Corporation, which accounts for 0.92% of the firm’s total investments as of Q3.

Northland analyst Gus Richard upgraded Intel Corporation to Market Perform from Underperform with a $49 price target on November 1.

As of September 2021, 66 hedge funds in the database of Insider Monkey were long Intel Corporation, down from 78 funds in the preceding quarter. Fisher Asset Management is the leading Q3 Intel Corporation stakeholder, with 32.48 million shares worth $1.73 billion.

Here is what Alger Spectra Fund has to say about Intel Corporation in their Q1 2021 investor letter:

“Short exposure to Intel also detracted from performance. Intel designs and manufactures semiconductors for the computing and communications industries. Intel’s proprietary intellectual strength and manufacturing prowess versus the competition is deteriorating, which is causing the company to lose market share and profit opportunities. The short position detracted from portfolio returns as the share price reacted positively to the announcement of Pat Gelsinger being hired as chief executive officer, a stronger-than-anticipated quarterly earnings report driven by unusually robust PC sales that we believe are unsustainable and the unveiling of “Intel Unleashed,” a new long-term program to help improve manufacturing and spur innovation. This program involves opening two fabrication plants in Arizona, which confirms Intel’s commitment to continue as an integrated design manufacturer. Importantly, Intel continues to experience issues with its next generation server chips which are disadvantaging Intel versus the competition.”

7. Amazon.com, Inc. (NASDAQ:AMZN)

Man GLG’s Stake Value: $266,082,000

Percentage of Man GLG’s 13F Portfolio: 0.93%

Number of Hedge Fund Holders: 242

Guggenheim analyst Seth Sigman on November 22 assumed coverage of Amazon.com, Inc., a tech and e-commerce corporation, with a Buy rating and a $4,300 price target. The analyst stated that he was positive about Amazon.com, Inc.’s sales volume and margin trends entering 2022.

Man GLG owns 80,998 Amazon.com, Inc. shares as of the third quarter, worth $266 million, representing 0.93% of the investment firm’s Q3 portfolio. Man GLG reduced its stake in Amazon.com, Inc. by 38% as of September this year.

Boykin Curry’s Eagle Capital Management is one of the leading Amazon.com, Inc. stakeholders, holding 701,852 shares valued at $2.3 billion. Overall, the Q3 database of Insider Monkey suggests that 242 hedge funds were bullish on Amazon.com, Inc., with total stakes amounting to $42.5 billion.

Here is what Polen Capital has to say about Amazon.com, Inc. in its Q3 2021 investor letter:

“Amazon has also lagged as its revenue growth is slowing on the very difficult comparisons from last year when this behemoth was growing revenue by over 40%. We still expect exceptional long-term growth and significant margin expansion as the fastest growing (and now large) segments of Amazon are also generating the highest margins.”

6. Alibaba Group Holding Limited (NYSE:BABA)

Man GLG’s Stake Value: $273,130,000

Percentage of Man GLG’s 13F Portfolio: 0.95%

Number of Hedge Fund Holders: 115

Alibaba Group Holding Limited (NYSE:BABA), a Chinese multinational tech corporation recognized for its role in the global e-commerce industry, is one of the top stocks from Man GLG’s Q3 portfolio. The hedge fund holds 1.84 million Alibaba Group Holding Limited shares as of Q3 2021, worth $273.1 million, representing 0.95% of the total investments.

On November 28, Goldman Sachs analyst Piyush Mubayi removed Alibaba Group Holding Limited from his firm’s Conviction List but kept a Buy rating on the shares with a price target of $215, down from $252. He stated that with the intense competition in the online retail industry, he expects revenue growth to decelerate by 13% to 16% in the upcoming quarter.

At the end of the third quarter, 115 hedge funds were invested in Alibaba Group Holding Limited, with stakes amounting to $10.2 billion, down from 146 funds holding stakes worth $16.79 billion in the preceding quarter.

In addition to Amazon.com, Inc., Apple Inc., Meta Platforms, Inc., and Microsoft Corporation, Alibaba Group Holding Limited is a notable tech stock from Man GLG’s Q3 portfolio.

Here is what Artisan Partners has to say about Alibaba Group Holding Limited in its Q3 2021 investor letter:

“We also find Alibaba’s valuation compelling despite the prospect of increased regulation. The share price declined 35% during the quarter. Alibaba is China’s largest e-commerce business and is one of the highest return businesses in the world. The company’s core ecommerce operation dominates China’s retail industry. That business continues growing at a low-teens rate and operates with an incredible 62% profit margin. The company also operates several promising new businesses which have been a drag on the bottom line, though the company overall remains highly profitable and cash flow generative. The market cap today is about $440 billion. The company has large investments in cloud, financial services and other businesses worth an estimated $100 billion, leaving the core operations valued at $340 billion. Core operations over the last 12 months generated about $27 billion of after-tax profits, resulting in a trailing P/E of 12.5X. Alibaba certainly faces increased competition and a marginal increase in regulation. As a result, we expect modest growth in earnings over the next few years. However, a company with Alibaba’s operating and financial strength should trade at a premium, rather than a significantly discounted valuation.”

5. Adobe Inc. (NASDAQ:ADBE)

Man GLG’s Stake Value: $274,216,000

Percentage of Man GLG’s 13F Portfolio: 0.96%

Number of Hedge Fund Holders: 95

Adobe Inc. (NASDAQ:ADBE) is a multinational computer software company offering applications like Adobe Photoshop, Illustrator, PDF, Acrobat Reader, Dreamweaver, and Adobe Creative Cloud, among others. Man GLG holds a $274.2 million position in Adobe Inc. as of the third quarter, which accounts for 0.96% of the fund’s total investments.

Assuming coverage of the stock on November 22, Atlantic Equities analyst Peter Sazel upgraded Adobe Inc. to Overweight from Neutral with a price target of $820, up from $600.

Arrowstreet Capital is one of the leading Q3 Adobe Inc. stakeholders from a total of 95 hedge funds that were bullish on the stock. This is compared to 89 funds being long Adobe Inc. in the preceding quarter.

Here is what Richie Capital Group has to say about Adobe Inc. in its Q2 2021 investor letter:

“Adobe Systems (ADBE – up 24.8%) – In the last 15 years, Adobe has transformed itself into a software behemoth, more than tripling its revenue since 2010. The company is famous for its namesake PDF-reader and photo-editing software Photoshop. However, ADBE sells a full suite of software products through a recurring subscription model. The company transitioned from selling boxed software to recurring subscriptions in 2013 and revenues have grown consistently since. The company achieved $13B in revenue in 2020 with 88% Gross Margins.”

4. Meta Platforms, Inc. (NASDAQ:FB)

Man GLG’s Stake Value: $321,393,000

Percentage of Man GLG’s 13F Portfolio: 1.12%

Number of Hedge Fund Holders: 248

In a bid to promote competition and retain innovation in digital advertising, the United Kingdom’s Competition and Markets Authority has ordered Meta Platforms, Inc. to sell the animated GIF platform, Giphy, as reported on November 30. Concerns have been raised that Meta Platforms, Inc. owning Giphy will increase its already abundant market share, and the tech giant will restrict or limit Giphy’s access to competitors, creating an unfair power vacuum in the industry.

Man GLG owns 946,971 shares in Meta Platforms, Inc. as of September 2021, worth $321.3 million, representing 1.12% of the fund’s total investment portfolio.

Ken Fisher’s Fisher Asset Management is one of the leading Meta Platforms, Inc. stakeholders as of Q3, from a total of 248 hedge funds that were bullish on the company in the third quarter, holding collective stakes amounting to more than $38.5 billion in Meta Platforms, Inc..

Here is what Jefferies Group has to say about Meta Platforms, Inc. in its Q3 2021 investor letter:

“While still early, FB is in the process of building the platforms that will ultimately support the development of the Metaverse. We look at FB’s position through the lens of 4 current investment initiatives: 1) Oculus VR hardware, 2) Smart glasses, 3) Augmented Reality lenses, and 4) “Horizon Workrooms”

Oculus Virtual Reality hardware: Since acquiring Oculus in 2014 ($2B deal), FB has been focused on developing best-in-class hardware and complementary software & services to support VR experiences. The Oculus Quest 2 is FB’s newest VR headset; it retails at $299 and allows users to play games, try fitness classes, play sports, and watch concerts in virtual environments. Most importantly, Quest 2 is linked to users’ Facebook accounts, which means users can seamlessly connect with friends in virtual environments to play games or spend time together. We believe one of FB’s biggest differentiators in VR is its large array of non-gaming experiences that were designed for Oculus. For instance, users can explore extreme terrain in National Geographic Explore VR, join virtual fitness classes, or simulate being a chef. As FB’s hardware continues to improve and becomes less cumbersome, we would expect a flywheel of greater developer and user adoption of VR…” (Click here to see the full text)

3. Alphabet Inc. (NASDAQ:GOOG)

Man GLG’s Stake Value: $322,402,000

Percentage of Man GLG’s 13F Portfolio: 1.13%

Number of Hedge Fund Holders: 156

The parent company of Google and Google subsidiaries like YouTube, Google AdMob, Fitbit, and Kaggle, Alphabet Inc. (NASDAQ:GOOG) is a top tech stock pick of Man GLG as of Q3 2021, with the investment firm owning 120,591 Alphabet Inc. shares, worth $322.4 million, accounting for 1.13% of the total 13F securities.

Chris Hohn’s TCI Fund Management is the biggest Alphabet Inc. stakeholder as of September this year, with 2.95 million shares worth $7.86 billion. Overall, 156 hedge funds were bullish on Alphabet Inc. as of the third quarter, with total stakes amounting to almost $35 billion.

Following the strong Q3 results, Morgan Stanley analyst Brian Nowak on November 2 raised the price target on Alphabet Inc. to $3,200 from $3,000 and kept an Overweight rating on the shares.

Here is what Giverny Capital has to say about Alphabet Inc. in its Q3 2021 investor letter:

“During the quarter we trimmed two positions, (which includes) Alphabet, after significant run-ups. Alphabet remains our largest holding at a 9% weight. When it rose above a 10% weight in late July, we brought it down a bit. I won’t automatically trim a position when it reaches the 10% threshold, but Alphabet nearly doubled from the summer of 2020 to 2021 and it felt responsible to take some gains.”

2. Apple Inc. (NASDAQ:AAPL)

Man GLG’s Stake Value: $527,221,000

Percentage of Man GLG’s 13F Portfolio: 1.84%

Number of Hedge Fund Holders: 120

Steve Jobs’ Apple Inc. is one of the Big Five US tech firms, offering consumer electronics, computer software, and related hardware. Apple Inc. is one of the top tech stocks from the Q3 portfolio of Man GLG, with the hedge fund owning 3.72 million shares in the company, worth $527.2 million, representing 1.84% of the total 13F portfolio.

Apple Inc.’s Q3 EPS came in at $1.24 on October 28, in line with analysts’ estimates. The $83.36 billion revenue jumped 28.84% year-over-year, yet missed revenue estimates by -$1.62 billion.

Wells Fargo analyst Aaron Rakers on November 23 kept an Overweight rating on Apple Inc. shares with a $165 price target, stating that China’s demand for branded mobile phones increased by 85% year-over-year, which is a positive derivative data point for Apple’s iPhone.

Warren Buffett’s Berkshire Hathaway is the leading Q3 stakeholder of Apple Inc., with over 887 million shares worth approximately $125.5 billion. Overall, 120 hedge funds in the third quarter were bullish on Apple Inc., down from 138 funds holding stakes in the company in Q2.

Here is what ClearBridge Investments has to say about Apple Inc. in its Q1 2021 investor letter:

“As we actively manage holdings and position sizes, we look to regularly recycle capital into more compelling opportunities. Maintaining our valuation discipline, we sharply reduced our position in Apple, whose shares more than doubled following our initial purchase in mid-2019 with an earnings multiple rising from the low-to-mid teens to nearly 30x.”

1. Microsoft Corporation (NASDAQ:MSFT)

Man GLG’s Stake Value: $697,901,000

Percentage of Man GLG’s 13F Portfolio: 2.44%

Number of Hedge Fund Holders: 250

Microsoft Corporation is the largest holding in Man GLG’s Q3 portfolio, as well as one of the most sought after tech stocks by the smart money. As of Q3 2021, 250 hedge funds tracked by Insider Monkey reported owning stakes in Microsoft Corporation, worth almost $66 billion. This is an increase as compared to the prior quarter, when 238 funds held stakes worth $62.4 billion in Microsoft Corporation.

Man GLG, as of September this year, holds 2.47 million Microsoft Corporation shares, worth almost $700 million, representing 2.44% of the firm’s Q3 portfolio of investments.

On November 22, Wells Fargo analyst Michael Turrin initiated coverage of Microsoft Corporation with an Overweight rating and a $400 price target, stating that despite the considerable scale of its global operations, Microsoft Corporation has solid potential for further growth.

Here is what Alger has to say about Microsoft Corporation in its Q3 2021 investor letter:

“Microsoft Corporation was among the top contributors to performance during the third quarter. Microsoft is a Positive Dynamic Change beneficiary of corporate America’s transformative digitization. Microsoft’s enterprise cloud product, Azure, is rapidly growing and accruing market share. Microsoft reported that Azure grew 51% in the second quarter. This high unit volume growth is a primary driver of the company’s higher share price, but the company’s strong operating execution has enabled margin expansion that has also helped to increase forward earnings estimates. We believe Microsoft’s subscription-based software offerings and cloud computing services have a durable growth profile because they enhance customers’ growth initiatives and help them to diminish costs. Additionally, investors appreciate Microsoft’s strong free cash flow generation and its return of cash to shareholders in the form of dividends and share repurchases.”

You can also take a look at Top Investors’ Stock Portfolio: 10 Mid-cap Stocks To Buy and 10 Best Tech Stocks to Buy Under $10.

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