5 Best Tech Stocks to Buy Now According to Lee Munder’s Hedge Fund

3. Alphabet Inc. (NASDAQ:GOOG)

Lee Munder Capital Group’s Stake Value: $51,697,000

Percentage of Lee Munder Capital Group’s 13F Portfolio: 3.55%

Number of Hedge Fund Holders Class A stock (Q1): 205

Number of Hedge Fund Holders Class C stock (Q1): 160

At the end of June, Lee Munder Capital Group (LMCG) held 137,720 Class C stock and 336,620 Class A stock of search giant Alphabet Inc. (NASDAQ:GOOG), with an aggregate value of $51.69 million, which made the company LMCG’s third favourite tech pick.

Bloomberg reported on August 10 that the US Justice Department is planning to sue Alphabet Inc. (NASDAQ:GOOG) as soon as next month on antitrust concerns over the company’s dominant position in the ad market. The Justice Department has already interviewed a few publishers and will interview more in the coming days to strengthen its case. This is not the first time the DOJ has sued Alphabet Inc. (NASDAQ:GOOG). In 2020, the regulator launched an antitrust investigation of the company’s online search market dominance.