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5 Best Internet of Things Companies to Invest in

Microsoft Corporation (NASDAQ:MSFT)

Azure is Microsoft Corporation (NASDAQ:MSFT)’s cloud computing and IoT platform which was released in 2010. The Azure IoT suite supports various programming languages, allows device connections, data analysis and integration of business systems. In October 2016, the company announced the public preview of Microsoft Azure Analysis Services which provides enterprise-grade data modeling in the cloud. For its quarter ending September, the technology giant reported 116% improvement in Azure public cloud revenues year over year.

Fisher Asset Management acquired 78,699 shares during the third quarter, and held 18.4 million shares worth $1.1 billion at the end of September. AQR Capital Management also increased its holding by 8% to 14 million shares valued at $812 million, making Microsoft Corporation (NASDAQ:MSFT) its largest holding. Though Stephen Mandel’s Lone Pine Capital sold 2.7 million shares of the stock, it still held 14.5 million shares worth $836 million at the end of September. At the end of the third quarter, 126 funds from our system held shares worth $18.14 billion versus 131 funds holding $18.8 billion worth of stock in aggregate at the end of June.

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Alphabet Inc (NASDAQ:GOOG)

Alphabet Inc (NASDAQ:GOOG) recently has announced a preview of Android Things, a new and comprehensive platform for the Internet of Things designed for developers. Android Things is basically a mature version of Google’s earlier Project Brillo which was also Android based. This platform uses “Weave” which is a cross-platform language that lets devices talk to each other and a number of major electronic device makers are already using Weave in their IoT products. Alphabet Inc (NASDAQ:GOOG) also bought Nest Labs in a multi-billion dollar deal which is pioneering products based on Internet of Things through its smart thermostats, fire alarms and security cameras.

During the third quarter, Viking Global bought 168,202 Class A shares increasing its holding to 1.96 million shares worth $1.57 billion and making it the third largest holding in its 13F portfolio. Ken Fisher’s Fisher Asset Management also bought 33,723 Class A shares and reported a total ownership of over a million shares worth $827 million. Stephen Mandel’s Lone Pine Capital also disclosed holding 843,449 Class C shares worth $655 million in its last 13F filing. According to our database, the number of funds long Alphabet Inc. (NASDAQ:GOOG)’s Class C stock increased by eight to 134 between July and September and the value of their total investment also appreciated by 18.6% to $14.22 billion. The aggregate value of holdings in Class A stock also went up by 28% to $14.78 billion and the number of funds long the stock increased by two to 137.

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Amazon.com, Inc. (NASDAQ:AMZN)

Amazon.com Inc.’s (NASDAQ:AMZN)’s Amazon Web Services (AWS) is the biggest cloud provider in the world. Though Amazon is famous for its retailing, cloud computing and IoT are its fastest growing and most profitable segment. In the first nine months of 2016, AWS had an operating margin of over 25%. The Internet of Things platform was launched back in 2015 and enables users to connect devices, store and exchange data securely, and allows interaction between device and applications even when offline.

Amazon.com Inc (NASDAQ:AMZN) was the top pick of some of the largest hedge funds in the world including Viking Global Investors who had sold 349,679 shares during the third quarter and amassed a $2.45 billion position containing 2.92 million shares. Amazon.com, Inc. (NASDAQ:AMZN) was also the largest holding of D.E. Shaw, which disclosed a $905 million stake that contained 1.08 million shares in its last 13F filing. Two Sigma Advisers was also bullish on Amazon.com, Inc. (NASDAQ:AMZN), having acquired 67,547 shares and disclosing ownership of 356,601 shares valued at $298 million as of the end of September. Amazon.com Inc (NASDAQ:AMZN) was the most popular stock among the investors tracked by us, with 150 funds holding $20.79 billion worth of shares at the end of September, up from 145 funds holding $19.82 billion worth of stock at the end of June.

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