Billionaire Louis Bacon’s 5 Tech Stock Picks

In this article, we discuss Billionaire Louis Bacon’s 5 tech stock picks. If you want to read our detailed analysis of the billionaire’s hedge fund, go directly to read the Billionaire Louis Bacon’s 10 Tech Stock Picks. 

5. Microsoft Corporation (NASDAQ:MSFT)

Moore Global Investments’ Stake Value: $80,612,000

Percent of Moore Global Investments 13F portfolio: 1.14%

Number of Hedge Fund Holders: 238

Microsoft Corporation (NASDAQ:MSFT) ranks fifth on our list of the billionaire Louis Bacon’s 10 tech stock picks. It is an American multinational technology company that manufactures electronic devices, computer software, personal computers, and also offers related services to its consumers.

In September, both Barclays and Tigress Financial lifted their price targets on Microsoft Corporation (NASDAQ:MSFT) to $345 and $366, respectively.

Of the 873 hedge funds tracked by Insider Monkey, 238 hedge funds have positions in Microsoft Corporation (NASDAQ:MSFT), valued at over $62.4 billion. The number of hedge funds having stakes in the company stood at 251 in the previous quarter.

Baron Opportunity Fund released its second-quarter 2021 investor letter and mentioned Microsoft Corporation (NASDAQ:MSFT) in it. Here is what the firm has to say: 

“Shares of Microsoft Corporation, a cloud-software leader and provider of software productivity tools and infrastructure, rose during the quarter following a strong earnings report highlighting solid demand for its broad product stack and continued momentum migrating its business to the cloud. Microsoft was a top contributor in the period because it trades at reasonable free cash flow and earnings valuations, has cloud and digital transformation tailwinds at its back, reported a solid March quarter, and beat Street expectations by a wide margin. Microsoft’s results continued to be strong across the board, with Azure cloud computing revenues up 46% in constantcurrency (“cc”) terms and commercial cloud bookings growth of 38% cc, the best in years. Microsoft also reported robust profitability growth, with operating income expanding 31% and GAAP earnings up 45%. We believe the company is well positioned for continued solid growth and profitability through market share gains as more companies look to transform and digitize their businesses as they move operations to the cloud.”