5 Most Profitable Stocks of the Last 20 Years

In this article, we will take a look at the 5 most profitable stocks of the last 20 years. If you want to explore similar stocks, you can go to 22 Most Profitable Stocks of the Last 20 Years.

5. Alphabet Inc. (NASDAQ:GOOG)

Average Net Income: $18.28 billion

Number of Hedge Fund Holders: 152

At the end of Q4 2022, 152 hedge funds were long Alphabet Inc. (NASDAQ:GOOG) and disclosed position worth $17.6 billion in the company. Of those, TCI Fund Management was the top investor in the company and held a position worth $4.83 billion.

With a 20-year average annual net income of $18.28 billion, Alphabet Inc. (NASDAQ:GOOG) is the fifth most profitable stock of the last 20 years.

Here is what Diamond Hill Capital had to say about Alphabet Inc. (NASDAQ:GOOG) in its Q4 2022 investor letter:

“Other bottom contributors included media and technology giant Alphabet Inc. (NASDAQ:GOOG), apparel and footwear company V.F. Corporation and utility operator Dominion Energy. We believe Alphabet’s shares underperformed on concerns of a weakening macroeconomic environment. The company also reported weaker-than-expected earnings and revenue for Q3 2022. Longer-term, we expect Alphabet’s search engine advertising, YouTube advertising and other initiatives to continue driving revenue growth. As such, we used the share price weakness this quarter to add to our position.”