5 Best Nancy Pelosi Stocks To Buy Now

4. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 152

Back in September 2022, Nancy Pelosi and her husband exercised 200 call options purchased 12/17/21 (20,000 shares) at a strike price of $100. Alphabet Inc. (NASDAQ:GOOG) is one of the best stocks in Nancy Pelosi’s portfolio. The stock has gained about 48% year to date through November 12.

Hedge funds also love Alphabet Inc. (NASDAQ:GOOG). A total of 204 hedge funds reported owning stakes in Alphabet Inc. (NASDAQ:GOOG) as of the end of the second quarter of 2023. The biggest stakeholder of Alphabet Inc. (NASDAQ:GOOG) was Natixis Global Asset Management’s Harris Associates which owns a $3.2 billion stake in the company.

Weitz Investment Management Large Cap Equity Fund made the following comment about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2023 investor letter:

“As for other quarterly contributors, Alphabet Inc. (NASDAQ:GOOG) and Meta Platforms, Inc., (META) added to their exceptional year-to-date returns. Meta Platforms and Alphabet were the true year-to-date standouts. After steep declines in 2022, both stocks rebounded sharply due to a combination of solid fundamentals, disciplined operational execution, and improved sentiment. Despite outsized gains and attention, we think both Alphabet and Meta remain undervalued.”