10 Best Tech Stocks to Buy According to Japanese Billionaire Masayoshi Son

In this article, we discuss the 10 best tech stocks to buy according to Japanese billionaire Masayoshi Son.

Masayoshi Son, the Japanese billionaire and chief executive officer of Tokyo-based multinational SoftBank Group, also runs a successful hedge fund, SB Management, with a portfolio value of over $15 billion. Son is an ardent admirer of the technology sector, with close to half of all the investments of the hedge fund in the tech market. The services economy and health companies make up the rest of the profile of the fund that has trimmed stakes in all top holdings at the end first quarter of 2021 compared to the end of last year.

These top holdings include Amazon.com, Inc. (NASDAQ: AMZN), the Washington-based ecommerce giant, Facebook, Inc. (NASDAQ: FB), the California-based technology company, and PayPal Holdings, Inc. (NASDAQ: PYPL), the California-based digital payments firm. Son has trimmed stakes in these by 12%, 10%, and 25% respectively. Some of this shedding might have to do with the overall lull in the market around growth stocks amid fears of inflation and a dramatic drop in the prices of cryptocurrencies over the past few months.

Interestingly, the top two holdings of SB Management, the fund controlled by Son, account for more than 60% of the entire investment portfolio. Son has a net worth of over $45 billion, putting him among the top 30 richest people in the world. Son was placed 29th on a list of billionaires in the world published by business news publication Forbes in early April. He is also one of the richest men in Japan. Son has the honour of controlling Vision Fund, the largest technology-focused investment fund in the world with over $100 billion in capital. 

Son has gained fame all over the world due to his investment exploits. At the end of the first quarter of 2021, SoftBank Group reported a net income of more than $17 billion for the first three months of the year. This represented the largest-ever quarterly profit made by a Japanese firm, cementing the place of Son as one of the most shrewd investors on the other side of the Pacific. However, the share price of SoftBank has continued to drop despite the record profits, with investors skeptical over the heavy focus on technology by the conglomerate. 

Son has earned a reputation for himself in the finance world at a time when even big corporations are finding it hard to satisfy investors. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26th 2021 our monthly newsletter’s stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Masayoshi Son SB Management

Masayoshi Son of SB Management

With this context in mind, here is our list of the 10 best tech stocks to buy according to Japanese billionaire Masayoshi Son. These companies were ranked keeping in mind the investment portfolio of SB Management at the end of the first quarter of 2021. 

Best Tech Stocks to Buy According to Japanese Billionaire Masayoshi Son

10. Adobe Inc. (NASDAQ: ADBE)

Number of hedge fund holders: 107  

Adobe Inc. (NASDAQ: ADBE) is a software company that markets offerings for professional animators, designers, photographers, and other creative works. It is placed tenth on our list of 10 best tech stocks to buy according to Japanese billionaire Masayoshi Son. The stock has offered investors returns exceeding 35% over the course of the past twelve months. SB Management holds 20,048 shares in the firm worth over $9.5 million, representing 0.06% of their portfolio. 

On June 24, Adobe Inc. (NASDAQ: ADBE) announced that it would be transitioning to a new work model whereby employees would be allowed to work from home at least 50% of the time as it embarks on a plan to double remote workers in the coming weeks and months. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Adobe Inc. (NASDAQ: ADBE) with 5.9 million shares worth more than $2.8 billion.

Just like Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), and PayPal Holdings, Inc. (NASDAQ: PYPL), Adobe Inc. (NASDAQ: ADBE) is one of the best tech stocks to buy according to Japanese billionaire Masayoshi Son.

Here is what Polen Capital has to say about Adobe Inc. (NASDAQ: ADBE) in its Q1 2021 investor letter:

“Adobe and Autodesk are both prime examples of the rotation that occurred during the quarter. Both are dominant businesses in their respective markets, which are experiencing structural tailwinds. Despite each business’s position of strength, the stocks of cyclicals and businesses with higher leverage and lower profitability were more favored this past quarter. In stark contrast, Adobe and Autodesk both have low leverage, high levels of profitability, high recurring revenues that mitigate cyclicality, and are both capital-light business models—all attributes we appreciate as investors. Adobe and Autodesk were also two of the top three performers within the Portfolio during 2020.”

9. Pacific Biosciences of California, Inc. (NASDAQ: PACB)

Number of Hedge Fund Holders: 24  

Pacific Biosciences of California, Inc. (NASDAQ: PACB) is ranked ninth on our list of 10 best tech stocks to buy according to Japanese billionaire Masayoshi Son. The company’s shares have returned more than 947% to investors in the past year. The firm is a biotechnology company focusing on genetic analysis. SB Management is in possession of over 9.8 million shares in the company that are worth more than $328 million. This accounts for 2.11% of the investment firm’s portfolio. 

On June 23, Pacific Biosciences of California, Inc. (NASDAQ: PACB) disclosed a collaboration with a genomic medicine institute on research related to identifying genetic variants of rare diseases in order to develop better treatments for them. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm ARK Investment Management is a leading shareholder in Pacific Biosciences of California, Inc. (NASDAQ: PACB) with 21 million shares worth more than $709 million. 

Just like Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), and PayPal Holdings, Inc. (NASDAQ: PYPL), Pacific Biosciences of California, Inc. (NASDAQ: PACB) is one of the best tech stocks to buy according to Japanese billionaire Masayoshi Son.

In its Q1 2021 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Pacific Biosciences of California, Inc. (NASDAQ: PACB) was one of them. Here is what the fund said:

“Pacific Biosciences of California, Inc. provides long-read DNA sequencing systems to scientists conducting genetic analysis. Shares performed well for the quarter. We believe there is increasing excitement about the potential for its platform to move beyond research into clinical applications. The recently appointed CEO was previously Chief Commercial Officer at Illumina, and we think he is well qualified to commercially execute on Pacific Biosciences’ differentiated long-read platform.”

8. Netflix, Inc. (NASDAQ: NFLX)

Number of Hedge Fund Holders: 110

Netflix, Inc. (NASDAQ: NFLX) stock has returned more than 17% to investors over the course of the past year. The company operates a digital streaming platform with more than 200 million paid subscribers around the world. It is placed eight on our list of 10 best tech stocks to buy according to Japanese billionaire Masayoshi Son. SB Management owns 731,375 shares in the streaming platform that are worth over $381 million, representing 2.45% of the portfolio of the investment management company. 

On June 25, investment advisory Credit Suisse upgraded Netflix, Inc. (NASDAQ: NFLX) stock to Outperform from Neutral with a price target of $586 on the back of strong competitive position and user satisfaction with the services offered by the company. 

Out of the hedge funds being tracked by Insider Monkey, Chicago-based firm Citadel Investment Group is a leading shareholder in Netflix, Inc. (NASDAQ: NFLX) with 4.1 million shares worth more than $2.1 billion. 

Just like Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), and PayPal Holdings, Inc. (NASDAQ: PYPL), Netflix, Inc. (NASDAQ: NFLX) is one of the best tech stocks to buy according to Japanese billionaire Masayoshi Son.

In its Q1 2021 investor letter, Polen Capital, an asset management firm, highlighted a few stocks and Netflix, Inc. (NASDAQ: NFLX) was one of them. Here is what the fund said:

“We purchased Netflix in March, initiating a 3% position in the Portfolio. We believe Netflix is a highly competitively advantaged company. It has recently met all our investment guardrails, and we anticipate it will remain sustainably above our guardrails over the next five years and beyond. We know Netflix for its ubiquitous streaming service and deep library of owned content. The company has made investments in this content (currently running at nearly $20 billion/year), generally keeping subscribers highly engaged and loyal to their service. The company has number one market share in 99% of markets globally, but it is our view that video streaming on-demand is still an underpenetrated space with many years of attractive growth likely ahead. The service is also relatively affordable at roughly $11/month on average globally.

We believe Netflix’s growth in content spend is beginning to moderate, which could allow margin expansion to continue for many years when paired with ongoing subscriber growth and price increases. While there is competition from the likes of Apple (Apple TV+), Amazon (Prime Video), Disney (Disney+ and Hulu), and others, we believe there can be a handful of winners in this industry. Already, we see many people subscribe to multiple streaming video services, with Netflix being their “anchor” service. That said, the barriers to entry are high, and we believe they are getting higher given the substantial amount of capital and size of the subscriber base required to maintain a competitive service for both viewers and content producers. Over the next five years, we expect Netflix’s earnings growth to be approximately 30% annualized and free cash flow to grow at an even higher rate.”

7. Salesforce.com,  Inc. (NYSE: CRM)

Number of Hedge Fund Holders: 91  

Salesforce.com,  Inc. (NYSE: CRM) is a software company that specializes in cloud-based enterprise offerings for client management. It is ranked seventh on our list of 10 best tech stocks to buy according to Japanese billionaire Masayoshi Son. The company’s shares have returned more than 31% to investors in the past twelve months. SB Management has a stake worth more than $384 million in the company. It owns more than 1.8 million shares in the software firm that account for 2.47% of its investment portfolio. 

On June 9, Salesforce.com,  Inc. (NYSE: CRM) revealed that it was offering special corporate and investment banking services on the Financial Services Cloud, a new offering by the firm to help businesses manage client relationships and comply with data regulations.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Salesforce.com,  Inc. (NYSE: CRM)  with 12.9 million shares worth more than $2.7 billion.

Just like Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), and PayPal Holdings, Inc. (NASDAQ: PYPL), Salesforce.com,  Inc. (NYSE: CRM) is one of the best tech stocks to buy according to Japanese billionaire Masayoshi Son.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Salesforce.com,  Inc. (NYSE: CRM) was one of them. Here is what the fund said:

“We added to our software-as-a-service (SaaS) exposure with the initiation of SaaS leader salesforce.com, which develops software for customer relationship management (we added Workday, which enterprise resource planning applications, last quarter). Saleforce.com is well-positioned in the most attractive end markets in software and will benefit from secular drivers such as remote work and the digital transformation. Salesforce.com is a sustainability leader as well, with a commitment to carbon-neutral cloud, toward which it has set a goal of 100% renewable energy for global operations by fiscal year 2022. The company has a strong focus on equality, in terms of equal rights, pay, education and opportunity. As a data company it has been leading on workforce disclosures and seeks to have 50% of its U.S. workforce made up of underrepresented groups by 2024.”

6. Alphabet Inc. (NASDAQ: GOOG)

Number of Hedge Fund Holders: 159   

Alphabet Inc. (NASDAQ: GOOG) is placed sixth on our list of 10 best tech stocks to buy according to Japanese billionaire Masayoshi Son. The stock has returned more than 78% to investors in the past year. The firm is one of the largest technology corporations in the world with interests in many tech-related businesses. SB Management owns 277,750 shares in the tech company that are worth more than $574 million. Although this represents 3.7% of the investment portfolio, the investment firm has trimmed stake in Alphabet by 65% since last year.

On June 29, news publication The Information reported that Alphabet Inc. (NASDAQ: GOOG) would be getting a 50% year-on-year boost from the increased spending on the Google Cloud by tech giant Apple this year, which planned to increase user data stored on the platform.

Out of the hedge funds being tracked by Insider Monkey, London-based investment firm TCI Fund Management is a leading shareholder in the firm with 2.9 million shares worth more than $6.1 billion. 

Just like Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), and PayPal Holdings, Inc. (NASDAQ: PYPL), Alphabet Inc. (NASDAQ: GOOG) is one of the best tech stocks to buy according to Japanese billionaire Masayoshi Son.

In its Q1 2021 investor letter, Artisan Partners, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ: GOOG) was one of them. Here is what the fund said:

“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.”

5. Microsoft Corporation (NASDAQ: MSFT)

Number of Hedge Fund Holders: 251

Microsoft Corporation (NASDAQ: MSFT) stock has offered investors returns exceeding 33% over the course of the past twelve months. The company makes and sells different types of computer software, electronic devices, and other services worldwide. It is ranked fifth on our list of 10 best tech stocks to buy according to Japanese billionaire Masayoshi Son. SB Management is in possession of over 4.3 million shares in the software giant that are worth more than $1 billion, representing 6.6% of the investment portfolio. 

On June 21, Microsoft Corporation (NASDAQ: MSFT) announced a new version of the Windows platform, one of the most popular operating systems globally. The new Windows 11 would be available for users by the holiday season this year. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Microsoft Corporation (NASDAQ: MSFT)  with 23.9 million shares worth more than $5.6 billion.

In its Q1 2021 investor letter, Polen Capital, an investment management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ: MSFT) was one of them. Here is what the fund said:

“We have written extensively about Microsoft in recent commentaries. It was our leading contributor last year and one of our largest weightings within the Portfolio. It continues to experience business momentum through several dominant, essential, and competitively advantaged businesses, like Office 365 and Azure. The markets it competes for are enormous, which gives the company the ability to compound at scale. In the past quarter alone, the company generated over $40 billion in revenue, representing a 17% growth rate. The inherent operating leverage in Microsoft’s business model continues and led to 34% earnings growth this past quarter. Despite the broad rotation we saw in the first quarter and Microsoft’s robust performance in 2020, we think its business fundamentals continue to exhibit strength, and the stock continues to reflect the fundamentals.”

4. PayPal Holdings, Inc. (NASDAQ: PYPL)

Number of Hedge Fund Holders: 143  

PayPal Holdings, Inc. (NASDAQ: PYPL) is a digital payments company based in California. It is placed fourth on our list of 10 best tech stocks to buy according to Japanese billionaire Masayoshi Son. The company’s shares have returned more than 68% to investors in the past twelve months. SB Management has a stake worth more than $1.1 billion in the company. It owns more than 4.8 million shares of PayPal. However, the investment firm has trimmed stake in the payments company by 21% compared to last year. 

On June 24, investment advisory DA Davidson initiated coverage on PayPal Holdings, Inc. (NASDAQ: PYPL) stock with a Buy rating and a price target of $325 on the back of new pricing changes announced by the payments firm earlier that put it in a new light among competitors.

At the end of the first quarter of 2021, 143 hedge funds in the database of Insider Monkey held stakes worth $14.7 billion in PayPal Holdings, Inc. (NASDAQ: PYPL), down from 147 in the preceding quarter worth $15.9 billion.

3. Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM)

Number of Hedge Fund Holders: 76  

Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) is placed third on our list of 10 best tech stocks to buy according to Japanese billionaire Masayoshi Son. The stock has returned over 111% to investors in the past year. The firm makes and sells semiconductor chips used in electronic devices globally. SB Management owns more than 11 million shares in the semiconductor company that are worth over $1.3 billion, representing 8.5% of the investment portfolio.

On June 11, news publication Nikkei Asia reported that Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) was mulling over opening a semiconductor packaging facility in the United States in what would be the firm’s first such venture out of Taiwan. 

At the end of the first quarter of 2021, 76 hedge funds in the database of Insider Monkey held stakes worth $10.8 billion in Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), up from 72 in the preceding quarter worth $11.8 billion. 

In its Q1 2021 investor letter, Bonsai Partners, an asset management firm, highlighted a few stocks and Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) was one of them. Here is what the fund said:

“Taiwan Semiconductor is the world’s largest outsourced foundry of logic semiconductor chips. TSMC’s shares appreciated 8.9% during the quarter.

Similar to last quarter, the supply-demand imbalance in semiconductor chips continues to benefit TSMC. To fuel new technological advances and meet the current supply imbalance, we see significantly increased capital spending across the industry over the coming years.

TSMC has an extraordinary track record of return on these large investments despite their rapid historical cadence of expansion. I remain hopeful that the large capital expenditure plan they now have ($100 billion of investment over the next three years) will be money well spent and not lead to industry oversupply in the medium term. Hopefully, future returns on these investments will look as good as those of the past.”

2. Facebook, Inc. (NASDAQ: FB)

Number of Hedge Fund Holders: 257   

Facebook, Inc. (NASDAQ: FB) stock has returned more than 55% to investors in the past twelve months. The company operates as a technological corporation and owns several large social media brands. It is placed second on our list of 10 best tech stocks to buy according to Japanese billionaire Masayoshi Son. SB Management is in possession of over 10.8 million shares in Facebook that are worth more than $3.1 billion. However, the firm has trimmed its stake in Facebook by 10% compared to the fourth quarter of 2020. 

On June 28, Facebook, Inc. (NASDAQ: FB) stock jumped more than 3.5% and the firm reached over $1 trillion in market capitalization, one of a handful of tech companies to do so, as an antitrust lawsuit against the firm was dismissed.  

At the end of the first quarter of 2021, 257 hedge funds in the database of Insider Monkey held stakes worth $40 billion in Facebook, Inc. (NASDAQ: FB), up from 242 in the preceding quarter worth $38 billion. 

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Facebook, Inc. (NASDAQ: FB) was one of them. Here is what the fund said:

“We continued to keep our learnings from 2020 in mind during the quarter as we sought to increase the up capture of the portfolio. We also made adjustments to the portfolio’s top 10 holdings to increase the participation of select stocks, including Facebook, while trimming our weighting to stable names, which now represent 47% of the portfolio. Our repositioning has been encouraging so far with the portfolio performing better on up days in the market while maintaining good down capture during more turbulent sessions.”

1. Amazon.com, Inc. (NASDAQ: AMZN)

Number of Hedge Fund Holders: 243     

Amazon.com, Inc. (NASDAQ: AMZN) is ranked first on our list of 10 best tech stocks to buy according to Japanese billionaire Masayoshi Son. The firm is a tech company with core interest in the ecommerce business but large investments in other sectors like web services, publishing, and health. The company’s shares have returned more than 25% to investors in the past year. SB Management owns over 2 million shares worth over $6 billion in Amazon, representing a whopping 40% of the investment portfolio. 

On June 29, news publication Bloomberg reported that Amazon.com, Inc. (NASDAQ: AMZN) had purchased the rights to a celebrity podcast featuring Jason Bateman, Will Arnett, and Sean Hayes in a deal reported to be worth close to $80 million. The investment marks the latest aggressive push into the podcast market by the ecommerce giant. 

Out of the hedge funds being tracked by Insider Monkey, London-based investment firm Citadel Investment Group is a leading shareholder in Amazon.com, Inc. (NASDAQ: AMZN)  with 3.3 million shares worth more than $10.5 billion.  

In its Q1 2021 investor letter, Hayden Capital, an asset management firm, highlighted a few stocks and Amazon.com, Inc. (NASDAQ: AMZN) was one of them. Here is what the fund said:

“Amazon (AMZN): We sold our last remaining stake in Amazon this quarter. Amazon was our longest-running investment holding, after having originally purchasing it at the inception of Hayden in 2014, at a price of ~$317.

I gave some details of how Amazon has progressed over these past 6.5 years in last year’s Q2 2020 letter, which partners can find here (LINK). The company has executed amazingly well over this tenure, with revenues up ~3.3x and since our initial purchase, and reported operating income up ~30x over that period.

Generally, I believe there are three reasons to sell an investment: 1) we recognize our initial thesis is wrong (sell out as quick as possible), 2) we have a significantly higher returning opportunity to redeploy the capital into (sell-down to fund the new investment), or 3) the company is maturing and hitting the top part of it’s S-curve / business lifecycle, so the business has fewer places to reinvest its capital internally. As such, the future returns will likely be lower than the past. This investment thus becomes a “source of capital” in the future, as we fund earlier-stage investment opportunities.

In the case of Amazon, we decided to sell due to the third scenario. I’m sure Amazon will continue to generate value for shareholders and continue to keep pace with the broader technology sector. However, I’m just not confident it’s as attractive an investment as when we first invested.

With ~51% of US households having an Amazon Prime account (and with very low churn), each of these households continuing to increase their annual spend with Amazon, and few / no real competitors in sight, Amazon is a dominant force that will only continue to accrue value as consumers continue to move from offline to online purchases for their everyday needs. Likewise, the “cash-flow machine” of Amazon Web Services is in a similar position of strength, with AWS now having ~32% market share and continuing to grow at +30% y/y. Because of this, I think Amazon is probably one of the safest investments in the technology sector today.

So why did we decide to sell the investment then? Simply put, Amazon is in a much different place than when we initially invested. Back in 2014, investors were starting to question whether Amazon’s promise of future earnings potential would actually come to fruition.

Operating income had declined from ~$1.4BN in 2010, to ~$676M in 2012, to just ~$178M by the end of 2014. Expenses were outpacing revenue growth, and investors were questioning whether Amazon’s expenses were truly “investments” as they claimed, or whether it was a structural necessity of the business and thus would never flow to investor’s bottom line.

The critical question was ‘what portion of expenses are truly growth investments vs. structural expenses, and as a result, will Amazon ever be capable of generating significant profits?’

Our analysis indicated that these expenditures truly were the former, and led to the belief that the business’ structural margins would inevitably increase over time. This was our differentiated insight / investment edge.

Fast-forward to today, and our thesis proved correct with operating margins having increased from ~0.2% to ~6%. However due to this success and proving this facet out to investors, Amazon investors have much higher confidence and a better understanding of the company today. I’m not sure we have the same level of differentiated insights, as we did back then.

In addition, I believe the departure of Jeff Bezos and his long-time lieutenants signal a regime change. Perhaps it’s now “Day 1.5” instead of the Day 1 mentality that made Amazon so successful (LINK)… The departures within the past couple years include:

  • Jeff Bezos – Founder, CEO, Visionary. Started Amazon in 1994.
  • Jeff Blackburn – Joined Amazon in 1998. Oversaw Amazon Marketplace, Advertising,

Amazon Studios, Prime Video, Prime Music, M&A.

  • Jeff Wilke – Joined Amazon in 1999. Oversaw Amazon Consumer (ecommerce)

business.

  • Steve Kessel – Joined Amazon in 1999. Oversaw Physical Stores, Kindle, and Whole

Foods.

Blackburn, Wilke, and Kessel have each arguably created hundreds of billions of shareholder value. On top of this, Bezos is the visionary and culture-setter behind Amazon. When he and his long-time lieutenants take their hands off the wheel, it is probably time for us to as well.

We sold our remaining shares at an average price of ~$3,240. Based on our initial investment, we made a ~10x return in a little over six years, for a ~45% IRR7. We reinvested the proceeds into our existing portfolio, taking advantage of the prices offered by this latest market draw-down.”

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Disclose. None. 10 Best Tech Stocks to Buy According to Japanese Billionaire Masayoshi Son is originally published on Insider Monkey.