Billionaire David Tepper’s Top 5 Stock Picks

4. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 155 

Alphabet Inc. (NASDAQ:GOOG) is a California-based diversified technology company. It is placed fourth on our list of top 10 stock picks of billionaire David Tepper. According to securities filings, Appaloosa Management LP owned 146,000 shares in the company at the end of June 2021 worth $365 million, representing 7.57% of the portfolio. 

On September 17, investment advisory Jefferies reiterated a Buy rating on Alphabet Inc. (NASDAQ:GOOG) stock and raised the price target to $3,325 from $3,150, noting the improved margin profile of the firm and the growth of the YouTube platform. 

Out of the hedge funds being tracked by Insider Monkey, London-based investment firm TCI Fund Management is a leading shareholder in Alphabet Inc. (NASDAQ:GOOG) with 2.9 million shares worth more than $7.3 billion. 

In its Q1 2021 investor letter, Artisan Partners, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ:GOOG) was one of them. Here is what the fund said:

“Large-cap tech companies have been resilient through the pandemic—Alphabet among them. A top contributor, Alphabet’s Play Store and Google Cloud are in demand as businesses accelerate online activity which, along with strong YouTube user growth, is helping stabilize temporarily weaker search ad revenue trends. Through the lens of our disciplined bottom-up research process, we view Alphabet as one of the best businesses in the world, capable of expanding revenues at a rapid rate for years to come, with a bullet proof balance sheet and an average asking price. It’s a name we’ve owned since 2012 and for which we continue to have high hopes regarding future prospects.”