Billionaire Leon Cooperman’s 2022 Portfolio: Top 5 Stock Picks

2. Alphabet Inc. (NASDAQ:GOOG)

Omega Advisors’ Stake Value: $173 million

Percentage of Omega Advisors’ 13F Portfolio: 8.73%

Number of Hedge Fund Holders: 160

Alphabet Inc. (NASDAQ:GOOG) is one of the largest technology companies in the world, which is known primarily for its search engine Google. Apart from Google, however, the company offers smartphones, other technology products, cloud computing, video streaming, and productivity software.

Alphabet Inc. (NASDAQ:GOOG)’s Android software scored a big win in June 2022 when BMW announced that it will integrate Android Automotive OS with its own operating system. This will allow consumers to use Android starting from March next year and will be limited to certain models for the time being. Insider Monkey profiled 912 hedge funds for 2022’s first quarter and found out that 160 had bought the company’s shares.

Mr. Cooperman held a $173 million stake in Alphabet Inc. (NASDAQ:GOOG) reveal his Q1

filings, which come through owning 60,000 shares. Just like other technology companies, Alphabet Inc. (NASDAQ:GOOG) also saw its price target cut down by Evercore ISI to $3,110 from $3,300 in July 2022, as the firm accounted for inflationary pressures.

Alphabet Inc. (NASDAQ:GOOG)’s largest investor in our database is Chris Hohn’s TCI Fund Management which owns 2.3 million shares that are worth $6.6 billion.