5 Stocks To Invest In According To Claes Fornell

3. Alphabet Inc. (NASDAQ:GOOG)

CSat Investment Advisory’s Stake Value: $3.62 million
Percentage of CSat Investment Advisory’s 13F Portfolio: 3.04%
Number of Hedge Fund Holders: 155

Alphabet Inc. (NASDAQ:GOOG) is a multinational tech-based conglomerate. The California-based ranks third on our list of the 10 stocks to invest in according to Claes Fornell.

As of the end of the June quarter, 155 hedge funds out of the 873 tracked by Insider Monkey held stakes in Alphabet Inc. (NASDAQ:GOOG). According to the recent 13F Filings, Claes Fornell’s CSat Investment Advisory holds 1,752 shares in the company. These shares are worth more than $3.62 million and represent 3.04% of the fund’s total portfolio value.

On October 12, JPMorgan analyst Doug Anmuth maintained an Overweight rating on Alphabet Inc. (NASDAQ:GOOG) with a $3,250 price target, noting that the company was the most liked mega-cap internet stock.

In its Q2 2021 investor letter, Mawer Investment Management named Alphabet Inc. (NASDAQ:GOOG) among the companies that reported strong results. Here is what the fund said:

“Many higher growth companies reported strong results amid the pick-up in broad economic activity including Alphabet. These higher growth companies tend to have increased sensitivity to a change in discount rates and were supported as long-term interest rates stabilized over the period.”