5 Most Widely Held Stocks by Individuals

4. Alphabet Inc Class A (NASDAQ:GOOGL)

Number of Hedge Fund Investors: 221

Alphabet Inc Class A (NASDAQ:GOOGL) ranks fourth in our list of the most popular stocks among individuals.

Many analysts believe Alphabet Inc Class A (NASDAQ:GOOGL) is one of those companies best positioned to take advantage of the AI boom. BMO recently said Alphabet Inc Class A (NASDAQ:GOOGL) will be one of the stocks that will benefit from the blend of content creation and AI.

Diamond Hill Long-Short Fund made the following comment about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2023 investor letter:

“On an individual holdings’ basis, top contributors to return in Q3 included long positions in KKR, Ciena Corporation and Alphabet. Shares of media and technology company Alphabet Inc. (NASDAQ:GOOG) rose in the quarter as its advertising and cloud businesses remain robust and the company delivered results ahead of market expectations. From a sector perspective, communication services also managed a positive Q3 (2%), riding the ongoing wave of positive mega-cap stocks’ performance, like Alphabet.”