5 Blue Chip Stocks to Buy Now According to Billionaire George Soros

2. Alphabet Inc. (NASDAQ:GOOG)

Soros Fund Management’s Stake Value: $115,882,000

Percentage of Soros Fund Management’s 13F Portfolio: 2.06%

Number of Hedge Fund Holders: 153

Alphabet Inc. (NASDAQ:GOOG), based in Mountain View, California, is the parent company of several companies including the Google, Verily Life Sciences, GV (formerly Google Ventures), Calico, and X-the moonshot factory. Majority of its revenue is generated by Google Services which comprises of ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Alphabet Inc. (NASDAQ:GOOG) announced the launch of Android 13 earlier in August, adding multiple new features focused on personalization and privacy.

Alphabet Inc. (NASDAQ:GOOG) is among the top 10 holdings of Soros Fund Management based on its portfolio weight of 2.06% as of Q2 2022. The hedge fund holds 53,175 shares of Alphabet Inc. (NASDAQ:GOOG), 11% more than the number of shares held at the end of the previous quarter.

Alphabet Inc. (NASDAQ:GOOG) released the financial results for Q2 2022 earlier this year in July. Its revenue increased by 13% y-o-y to $69.7 billion, while its net income decreased by 16% y-o-y to $16 billion. It reported a normalized EPS of $1.21, missing the consensus by $0.08.

Alphabet Inc. (NASDAQ:GOOG) is one of the most commonly owned stock among the 895 hedge funds tracked by Insider Monkey. As of Q2 2022, 153 hedge funds owned shares of Alphabet Inc. (NASDAQ:GOOG), valued at $22.3 billion.