5 Best Stocks to Buy According to George Soros

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of hedge fund holders: 190

Alphabet Inc. (NASDAQ:GOOGL) is one of the long-running stock holdings of Soros Fund Management. At the end of the second quarter, the firm held $171 million worth of position in Google parent Alphabet. Shares of Alphabet are up more than 63% this year, thanks to robust growth in ad revenue. 

In the second quarter investor letter, Baron Opportunity Fund highlighted a few stocks including Alphabet: Here is what Baron Opportunity Fund stated: 

“Alphabet Inc. is the parent company of Google, the world’s largest search and online advertising company and a top cloud computing player. Shares of Alphabet were up in the quarter given continued recovery in ad spending, strong cloud revenue growth, and improved cost controls. Alphabet’s total revenue grew 32%, beating the Street’s estimate of 25%, with search revenues up 30%, YouTube revenue up 49%, and total cloud revenue up 46% (with Google Cloud Platform growing much faster). Moreover, Google’s operating margins expanded over 1,000 basis points from 19% to just under 30%. We retain high 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 computing, artificial intelligence (AI), autonomous driving (Waymo), and life sciences.”