5 Blue Chip Stocks To Buy Now According To Billionaire Andreas Halvorsen

4. Microsoft Corporation (NASDAQ:MSFT)

Viking Global’s Stake Value: $1.02 billion

Viking Global’s 13F Portfolio: 4.13%

Number of Hedge Fund Holders: 259

Microsoft Corporation (NASDAQ:MSFT) was given an ‘Overweight’ rating and a $354 price target by Morgan Stanley analyst Keith Weiss on July 12. He noted that although the tech giant is likely to perform better than some of its peers in the software industry, it is not immune to the broader global economy. The analyst lowered his FY’2023 estimates due to concerns over lower consumer spending.

Viking Global held a $1.02 billion stake in Microsoft Corporation (NASDAQ:MSFT) at the end of the first quarter, representing 4.13% of its total portfolio. Fisher Asset Management was the most prominent MSFT shareholder with a massive $8.59 billion stake.

Overall, 259 hedge funds were stakeholders in Microsoft Corporation (NASDAQ:MSFT) at the end of March, down from 262 hedge funds in the previous quarter. The combined value of Q1 hedge fund holdings stood at $65.63 billion.

Carillon Tower Advisers, an investment management firm, had this to say about Microsoft Corporation (NASDAQ:MSFT) in its Q1 2022 investor letter:

“Stock selection contributed the most while sector allocation was also positive. An underweight to communication services and an overweight to energy helped performance, while an underweight to consumer staples and an overweight to materials detracted. Stock selection was strong within healthcare and materials but was weak within information technology and industrials. Microsoft (NASDAQ:MSFT) reported positive results driven by personal computing strength, but analysts were especially positive on its growth outlook for its Azure cloud-computing services.”