5 Best Nancy Pelosi Stocks to Buy Now

2. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 156     

Alphabet Inc. (NASDAQ:GOOG) provides various products and platforms such as google services, google cloud etc. It is one of the major stocks in the Nancy Pelosi stock portfolio. On October 24, YouTube, a subsidiary of Alphabet, revealed a makeover to its interface, including a new look, pinch-to-zoom feature, precise seeking, new buttons, ambient mode and dark mode. A regulatory filing dated late last year reveals that Pelosi purchased 10 CALL options worth somewhere between $500,000 and $1,000,000 in Alphabet Inc. (NASDAQ:GOOG) stock in mid-December 2021. The options have a strike price of $2,000. 

On October 26, Oppenheimer analyst Jason Helfstein on Alphabet Inc. (NASDAQ:GOOG) stock and lowered the price target to $135 from $155, noting that the update reflects lower 2023 estimates on the weaker first half of the year and slower headcount growth. 

Among the hedge funds being tracked by Insider Monkey, London-based investment firm TCI Fund Management is a leading shareholder in Alphabet Inc. (NASDAQ:GOOG) with 52 million shares worth more than $5 billion.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ:GOOG) was one of them. Here is what the fund said:

“Alphabet Inc. (NASDAQ:GOOG) is the parent company of Google, the world’s largest search and online advertising company. Shares of Alphabet declined 21.6% in the quarter due to concerns about slower global growth impacting the company’s core advertising business. We retain conviction in Alphabet’s merits as it continues to benefit from growth in mobile and online video advertising, which accrues to its core assets of search, YouTube, and the Google ad network. We are further encouraged by Alphabet’s investments in Cloud, AI, and Autonomous Driving (through its Waymo subsidiary).”