Billionaire DE Shaw’s Top 5 Stock Picks

In this article, we discuss the Billionaire DE Shaw’s Top 5 Stock Picks. If you want to read our detailed analysis of Shaw’s history, investment philosophy, and hedge fund performance, go directly to Billionaire DE Shaw’s Top 10 Stock Picks.

5. Alphabet Inc. (NASDAQ:GOOG)

DE Shaw’s Stake Value: $970.7 million

Percentage of DE Shaw’s 13F Portfolio: 0.83%

Number of Hedge Fund Holders: 190

Initiated in 1998, Alphabet Inc. (NASDAQ:GOOG) finds itself in the fifth position on the list of billionaire DE Shaw’s top 10 stock picks.

Jefferies set Alphabet Inc. (NASDAQ:GOOG)’s price target to $3,325 following the previous $3150, reiterating its Buy rating on September 17.

In Q2 2021, 190 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in Alphabet Inc. (NASDAQ:GOOG) totaling $26.8 billion, while 185 hedge funds held $24.6 billion in stakes until March 30.

Here is what Mawer Investment Management has to say about Alphabet Inc. in its Q2 2021 investor letter:

“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.”