In this article, we shall be going over the 5 Best Stocks to Buy in 2022 According to Billionaire Richard Chilton. If you want to know more about Chilton’s history, his investment philosophy, and hedge fund performance, go directly and see 10 Best Stocks to Buy in 2022 According to Billionaire Richard Chilton.
5. Alphabet Inc. (NASDAQ:GOOG)
Chilton Investment Company’s Stake Value: $91.1M
Percentage of Chilton Investment Company’s 13F Portfolio: 2.18%
Number of Hedge Fund Holdings: 205
Out of more than 900 hedge funds tracked by Insider Monkey, Alphabet Inc. (NASDAQ:GOOG) has featured in the portfolios of 205. As of Q1 2022, Ken Griffin’s Citadel Investment Group is the largest stakeholder in the company, owning over 3.4 million shares worth more than $9.6 billion. Chilton Investment Company is relatively more held back in the amount of value they have placed in the stock, owning 32,749 shares worth only $91.1 million. This marks Chilton increasing his interest in the stock by a staggering 1344%, with Alphabet Inc. (NASDAQ:GOOG) comprising 2.18% of the billionaire’s investment portfolio.
On April 19, Rosenblatt analyst Barton Crockett bestowed Alphabet Inc. (NASDAQ:GOOG) with a ‘Buy’ rating and $4,183 price target. He maintained Alphabet Inc. (NASDAQ:GOOG) is best-positioned to capitalize on the growing online multiverse, given its “advantageous positioning for new ad privacy restrictions, dominance in viral video and emerging success in cloud services”.
“We have modestly reduced the size of our position in Alphabet Inc. (NASDAQ:GOOG) (from 6.5% at the end of the fourth quarter of 2021 to 5.3% as of the end of the first quarter of 2022), after the stock rallied 64% in 2021 and continued outperforming during the first quarter, declining just 3%.”