5 Best Stocks to Buy According to Jacob Rothschild’s RIT Capital

3. Alphabet Inc. (NASDAQ: GOOG)

 RIT Capital’s Stake Value: $48,406,000
Percent of RIT Capital’s 13F Portfolio: 5.13%
Number of Hedge Fund Holders: 185

Google’s parent company, Alphabet Inc. (NASDAQ: GOOG), is the third-largest holding of RIT Capital’s 13F portfolio. As of Q1 2021, the fund has not changed its position in the company and owns its 23,400 shares, worth $48.4 million.

Alphabet Inc. (NASDAQ: GOOG) had a productive quarter, as the company reported revenue of $55.3 billion in Q1 2021, compared with $41.1 billion during the same period last year. The GOOG stock is one of the most expensive stocks to buy, currently trading at over $2,400. Moreover, the stock price has also grown by 40.6% year to date.

Artisan Partners, a high value-added investment management firm, published its first-quarter ‘Artisan Value Fund’ investment letter. Here is what the firm has to say about Alphabet Inc. (NASDAQ: GOOG):

“Large-cap tech companies have been resilient through the pandemic—Alphabet among them. A top contributor, Alphabet’s Play Store and Google Cloud are in demand as businesses accelerate online activity which, along with strong YouTube user growth, is helping stabilize temporarily weaker search ad revenue trends. Through the lens of our disciplined bottom-up research process, we view Alphabet as one of the best businesses in the world, capable of expanding revenues at a rapid rate for years to come, with a bullet proof balance sheet and an average asking price. It’s a name we’ve owned since 2012 and for which we continue to have high hopes regarding future prospects.”