4 Stocks Better than Apple According to Hedge Funds

3. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 238

Microsoft Corporation (NASDAQ:MSFT) is a Washington-based technology company that has interests in computer software, hardware, and other internet-related businesses. It is placed third on our list of 9 stocks better than Apple according to hedge funds.

On September 17, investment advisory Tigress Financial maintained a Buy rating on Microsoft Corporation (NASDAQ:MSFT) stock and raised the price target to $366 from $303, underlining that the cloud sector of the firm was expected to perform strongly in the coming months. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Microsoft Corporation (NASDAQ:MSFT)  with 24.8 million shares worth more than $6.7 billion.

In its Q1 2021 investor letter, Polen Capital, an investment management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ:MSFT) was one of them. Here is what the fund said:

“We have written extensively about Microsoft in recent commentaries. It was our leading contributor last year and one of our largest weightings within the Portfolio. It continues to experience business momentum through several dominant, essential, and competitively advantaged businesses, like Office 365 and Azure. The markets it competes for are enormous, which gives the company the ability to compound at scale. In the past quarter alone, the company generated over $40 billion in revenue, representing a 17% growth rate. The inherent operating leverage in Microsoft’s business model continues and led to 34% earnings growth this past quarter. Despite the broad rotation we saw in the first quarter and Microsoft’s robust performance in 2020, we think its business fundamentals continue to exhibit strength, and the stock continues to reflect the fundamentals.”