In this article, we will be taking a look at the 5 Tech Stocks to Buy Now According to Billionaire Warren Buffett. To read our analysis of Warren Buffett’s profile, investment strategy, and 13F holdings as well as the risk/reward and methodology of this list, you can go to the 10 Tech Stocks to Buy Now According to Billionaire Warren Buffett.
5. Paramount Global (NASDAQ:PARA)
Berkshire Hathaway’s Stake Value: $1,935,448,000
Percentage of Berkshire Hathaway’s 13F Portfolio: 0.64%
Number of Hedge Fund Holders: 42
Paramount Global (NASDAQ:PARA) is a leading global media and entertainment company comprising studios, networks, and streaming services, through a portfolio of brands that includes well-known names such as CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others.
Warren Buffett’s Berkshire Hathaway owns 78,421,645 shares of Paramount Global (NASDAQ:PARA), accounting for 0.64% of its 13F portfolio. Paramount Global (NASDAQ:PARA) was added to the portfolio in the previous quarter and was further increased by 14% in Q2 2022.
Earlier this year in August, Paramount Global (NASDAQ:PARA) released its financial results for the quarter ended June 30, 2022. Its total revenue increased by 19% y-o-y to $7.8 billion, while it reported a net income of $422 million, for the three months. The normalized EPS was recorded at $0.64 for the quarter, beating the consensus by $0.02.
As of Q2 2022, 42 of the 895 hedge funds tracked by Insider Monkey were long Paramount Global (NASDAQ:PARA) holding shares worth $2.6 billion. Warren Buffet’s Berkshire Hathaway is its biggest shareholder.
4. Verisign, Inc. (NASDAQ:VRSN)
Berkshire Hathaway’s Stake Value: $2,144,436,000
Percentage of Berkshire Hathaway’s 13F Portfolio: 0.71%
Number of Hedge Fund Holders: 35
Verisign, Inc. (NASDAQ:VRSN), based in Reston, Virginia, is a leading global provider of domain name registry services and internet infrastructure. It enables the security, stability, and resiliency of key internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 global internet root servers, and providing registration services.
As of Q2 2022, Warren Buffett’s Berkshire Hathaway holds 12,815,613 shares of Verisign, Inc. (NASDAQ:VRSN), accounting for 0.71% of the 13F portfolio of the fund. Verisign, Inc. (NASDAQ:VRSN) has been part of the fund’s portfolio since Q2 2012 and the number of shares owned have only had minor changes since Q2 2014.
In July, Verisign, Inc. (NASDAQ:VRSN) released the financial results for second quarter of 2022. Its revenue increased by 7% y-o-y to $352 million, while its net income increased by 13% y-o-y to $167 million, for three months ended June 30, 2022. It reported a normalized EPS of $1.54, beating the consensus by $0.02.
As of Q2 2022, 35 of the 895 hedge funds tracked by Insider Monkey owned shares of Verisign, Inc. (NASDAQ:VRSN), valued at $4.1 billion. Verisign, Inc. (NASDAQ:VRSN) ranks #4 on the list of 10 tech stocks to buy now according to billionaire Warren Buffett based on the portfolio weight.
3. HP Inc. (NYSE:HPQ)
Berkshire Hathaway’s Stake Value: $3,424,725,000
Percentage of Berkshire Hathaway’s 13F Portfolio: 1.14%
Number of Hedge Fund Holders: 35
Palo Alto, California-based HP Inc. (NYSE:HPQ) is a leading global provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services. It has operations in 170 countries and boasts 250,000 channel partners.
As of Q2 2022, Warren Buffett’s Berkshire Hathaway holds 104,476,035 shares of HP Inc. (NYSE:HPQ), accounting for 1.14% of the fund’s 13F portfolio. The stock was added to the fund’s portfolio in the previous quarter and ranks #3 on the list of 10 tech stocks to buy now according to billionaire Warren Buffett based on the portfolio weight.
In August, HP Inc. (NYSE:HPQ) released the financial results for the quarter ended July 31, 2022. Its net revenue declined by 4% y-o-y to $14.7 billion, while its net income increased by 1% y-o-y to $1.1 billion, for the three months. It reported a normalized EPS of $1.04 for the quarter, narrowly beating the consensus by $0.01.
Also in August, HP Inc. (NYSE:HPQ) completed the previously announced acquisition of Poly, a leading global provider of workplace collaboration solutions, in an all-cash transaction implying a total enterprise value of $3.3 billion. The acquisition is expected to strengthen HP’s hybrid work solutions offerings.
As of Q2 2022, 35 of the 895 hedge funds tracked by Insider Monkey held HP Inc. (NYSE:HPQ) shares, valued at a combined total of $3.7 billion.
2. Activision Blizzard, Inc. (NASDAQ:ATVI)
Berkshire Hathaway’s Stake Value: $5,325,713,000
Percentage of Berkshire Hathaway’s 13F Portfolio: 1.77%
Number of Hedge Fund Holders: 84
Activision Blizzard, Inc. (NASDAQ:ATVI) is one of the world’s leading video games and interactive entertainment company with operations across North America, Asia, and Europe.
As of Q2 2022, Warren Buffett’s Berkshire Hathaway’s holds 68,401,150 shares of Activision Blizzard, Inc. (NASDAQ:ATVI), accounting for 1.77% of the 13F portfolio. The fund increased the number of shares it owns by 7% in Q2 2022, as compared to the previous quarter.
Earlier in the year, Microsoft agreed to buy Activision Blizzard, Inc. (NASDAQ:ATVI) for $95 per share in an all-cash deal that hasn’t closed yet.
Activision Blizzard, Inc. (NASDAQ:ATVI) is among the top 30 stocks based on the number of hedge funds holding its shares. As of Q2 2022, 84 of the 895 hedge funds tracked by Insider Monkey held its shares with a total value of $9.2 billion. The leading games developer ranks #2 on the list 10 tech stocks to buy according to billionaire Warren Buffett based on the number of hedge funds invested in the stock and its portfolio weight.
1. Apple Inc. (NASDAQ:AAPL)
Berkshire Hathaway’s Stake Value: $122,337,373,000
Percentage of Berkshire Hathaway’s 13F Portfolio: 40.76%
Number of Hedge Fund Holders: 128
Apple Inc. (NASDAQ:AAPL) is a leading technology company focused on the designing, manufacturing, and marketing of smartphones, personal computers, tablets, wearables, and accessories, and sells a variety of related services.
Major products of Apple Inc. (NASDAQ:AAPL) include the iPhone, Mac PCs, iPad, and accessories while service offerings include Apple Care, Cloud Services, Digital Content and Payment services. iPhone sales accounted for more than half of its revenue in the last fiscal year. The company announced the launch of iPhone 14 in the first week of September which could result in a surge in the company’s revenue.
Warren Buffett’s Berkshire Hathaway owns 894,802,319 shares of Apple Inc. (NASDAQ:AAPL), accounting for 40.76% of its 13F portfolio. The fund increased its stake by 1% in Q2 2022, as compared to the previous quarter.
Apple Inc. (NASDAQ:AAPL) is among the favorites of hedge funds, with 128 of the 895 hedge funds tracked by Insider Monkey holding its shares valued at a whopping $143 billion. Warren Buffet’s Berkshire Hathaway is its biggest shareholder.
You can also read Warren Buffett is Decreasing Stakes in These 6 Stocks and 10 Dividend Stocks to Buy According to Billionaire Stanley Druckenmiller’s Duquesne Capital
