Alok Agrawal’s Bloom Tree Partners Portfolio: 5 Technology Stock Picks

In this article, we discuss Alok Agrawal’s Bloom Tree Partners portfolio: 5 technology stock picks. If you want to read our detailed analysis of Agrawal’s history and hedge fund performance, go directly to Alok Agrawal’s Bloom Tree Partners Portfolio: 10 Technology Stock Picks.

5. Alphabet Inc. (NASDAQ:GOOGL)

Bloom Tree Partners’ Stake Value: $34.58 million

Percentage of Bloom Tree Partners’ 13F Portfolio: 4.12%

Number of Hedge Fund Holders: 195

On December 3, Tigress Financial analyst Ivan Feinseth reiterated a Strong Buy rating on Alphabet Inc. (NASDAQ:GOOGL) stock and raised the price target from $3,185 to $3,540, noting the company’s intense focus on investing in AI which has led to quality functioning of the products and noteworthy growth opportunities.

According to the database of Insider Monkey that tracks 867 hedge funds, 195 funds held shares in Alphabet Inc. (NASDAQ:GOOGL) worth $28.55 billion in the third quarter, up from 190 funds holding shares in the company worth $26.83 billion in the preceding quarter. However, Bloom Tree Partners decreased its activity in the corporation by 17% in the same quarter.

Saturna Capital mentioned Alphabet Inc. (NASDAQ:GOOGL) in its third-quarter 2021 investor letter. Here is what the letter said:

“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.”