10. George SorosTop Pick: Alphabet Inc. (NASDAQ:GOOGL)
George Soros ranks among the richest hedge fund managers in the world. While Amazon.com, Inc. (NASDAQ:AMZN) remains the billionaire’s largest position, Alphabet Inc. (NASDAQ:GOOGL) ranks 2nd on the list of George Soros’ top holdings with a 2.32% portfolio share ($200 million).
BofA Securities restated a Buy rating and $430 price target for Alphabet Inc. (NASDAQ:GOOGL) on May 15, ahead of the company’s annual developer event. According to analyst Justin Post, the event will focus on developers and is unlikely to feature financial data.
The firm anticipates a wide range of AI developments, including next-gen Gemini LLM features, Gemini-powered OS upgrades, broader Gemini integration among products, search function enhancements, and smart glasses capabilities.
Meanwhile, on May 13, TD Cowen maintained its Buy rating and $450 price target for Alphabet Inc. (NASDAQ:GOOGL), noting robust growth in its Waymo autonomous vehicle services. Compared with 1.26 million in December 2025, Waymo vehicles conducted 1.36 million passenger journeys in California in March 2026, a 92% year-over-year increase.
Waymo usage increased year-over-year, with vehicles driving 88% of total miles to a passenger pickup or with a passenger in the vehicle, a rise from 85% in the fourth quarter.
Alphabet Inc. (NASDAQ:GOOGL) is a leading tech giant with a diverse portfolio, including Google Ads, Google Chrome, Google Cloud, Search, and YouTube, and holds a dominant position in each of these markets.
9. Steve Mandel
Top Pick: Carvana Co. (NYSE:CVNA)
Steve Mandel ranks among the list of the richest hedge fund managers in the world. While Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) remains the billionaire’s largest position, Carvana Co. (NYSE:CVNA) ranks 3rd on the list of Steve Mandel’s top holdings with a 5.52% portfolio share.
On May 6, Needham reiterated Carvana Co. (NYSE:CVNA) as its top pick and Conviction List stock, noting increased operational efficiency at the company’s testing and restoration centers. The firm states that worries concerning IRC efficiency have essentially been addressed.
According to the firm, Carvana Co. (NYSE:CVNA) returned to the transformation of Adesa sites. Needham’s hiring data also shows an increase in activity, indicating confidence in a return to previous efficiency standards.
Meanwhile, UBS boosted Carvana Co. (NYSE:CVNA)’s price target to $520 from $485, reiterating a Buy rating on the stock. The company reported a strong quarterly performance of $672 million in EBITDA, which was 4% higher than consensus estimates. It also achieved higher-than-expected retail gross profit per unit.
UBS believes second-quarter forecasts will need to be raised due to stronger sequential unit growth and improved profitability. The firm stated that the findings should alleviate short-term investor worries.
Carvana Co. (NYSE:CVNA) is an online retailer of used cars based in Tempe, Arizona. Renowned for its multi-story automobile vending machines, the firm is the fastest-growing online used car dealer in the United States.
