Billionaire Ray Dalio’s Top Stock Picks Include Microsoft, Intel

Very Bullish On Intel

Dalio and his team are also very bullish on Intel Corporation (NASDAQ:INTC) and have increased their investment in the microprocessor titan by roughly 250% over the quarter. According to its latest 13F filing, Bridgewater’s stake amounts to 985,943 shares valued at $31.9 million. Although it failed to cement a place in the mobile industry and despite slumping PC sales, Intel has managed to shift its focus in order to benefit from the cloud bonanza. The company’s Xeon server processors are uncontested leaders in the server segment, which means cloud giants like Amazon and Microsoft are guaranteed clients. The company is still a leader in the PC processor market and said it has not plans to exit the mobile market either. Billionaire Ken Fisher is also betting big on Intel Corporation (NASDAQ:INTC) as his fund, Fisher Asset Management reportedly holds 19.6 million shares, up by 1% for the quarter, worth $617 million according to its latest 13F filing.

Microsoft Still Top Investment

A new quarter brings a new favorite: Bridgewater’s new top equity bet is Microsoft Corporation (NASDAQ:MSFT). Dalio and his team have stepped up their interest in the tech giant, boosting their holding by 20% to 640,248 shares valued at $35.3 million at the end of the first quarter. First Eagle Investment Management, on the other hand, chose to further reduce its exposure to Microsoft Corporation (NASDAQ:MSFT) and now holds 23.6 million shares, down by 22% from the previous quarter. With PC sales continuing to fall, Microsoft bet on their hybrid tablet seems to finally pay off, as the company’s recent quarterly report showed a 61% surge in the sales of Surface devices. However, the Surface has only managed to carve itself up a niche rather than directly compete with the already-established players and Windows still accounts for just 11% of the tablet market. As its crusade in the smartphone business was a complete disaster, Microsoft Corporation (NASDAQ:MSFT) has announced today the sale of its feature phone division for $350 million to HMD and Foxconn subsidiary FIH Mobile, which plan to revive the Nokia phone brand.

Disclosure: none.