5 Tech Stocks to Buy According to Former VP Al Gore

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1. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 156
Generation Investment Management’s Stake Value: $1,407,974,000

Alphabet Inc. (NASDAQ:GOOG) was the second-largest holding of Generation Investment Management in Q3 and represented 5.85% of the hedge fund’s 13F portfolio. The fund made its first investment in the company during the fourth quarter of 2018.

At the end of Q3 2021, 156 hedge funds tracked by Insider Monkey reported owning stakes in Alphabet Inc. (NASDAQ:GOOG), up from 155 in the previous quarter. The total value of these stakes is roughly $35 billion, compared with $33.7 billion in Q2.

Since the beginning of 2021, Alphabet Inc. (NASDAQ:GOOG) delivered a 64.1% return to shareholders, while the stock surged 63.05% in the past year, as of the close of December 20. Recently, Tigress Financial lifted its price target on Alphabet Inc. (NASDAQ:GOOG) to $3,540, with a Strong Buy rating on the shares, appreciating the company’s increased focus on artificial intelligence.

Saturna Capital mentioned Alphabet Inc. (NASDAQ:GOOG) in its Q3 2021 investor letter. Here is what the firm has to say:

Alphabet was a new addition to the Fund this year, as we believed it important to have exposure to the top online media and advertising company in the world. Some have raised concerns surrounding Alphabet’s exposure to political interference, but we take comfort from the belief that were the company to be broken up, it would quite likely be worth even more than as a single entity.”

You can also take a look at 10 Best Tech Stocks To Buy Now According To Billionaire Laffont and 10 Best Tech Stocks to Buy According to Billionaire Ken Griffin

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