5 Best Magic Formula Stocks to Buy Now

3. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Investors As Of Q4 2023 end: 302

Gotham Asset Management’s Q4 2023 Stake: $71.2 million

Microsoft Corporation (NASDAQ:MSFT) is one of the world’s most valuable technology companies and also a leading player in the artificial intelligence race. Its partnership with OpenAI continues to yield results, with a fresh report in the Financial Times sharing that OpenAI is on track to cross billions of dollars in revenue this year.

Microsoft Corporation (NASDAQ:MSFT) is also the most favorite stock among hedge funds, as Insider Monkey’s research shows that 302 out of the 933 funds covered were the firm’s shareholders. Michael Larson’s Bill & Melinda Gates Foundation Trust was the biggest stakeholder, owning 38.2 million shares that are worth $14.3 billion.

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