Billionaire Richard Chilton’s Top 5 Stock Picks

3. Microsoft Corporation (NASDAQ: MSFT)

The technology giant Microsoft Corporation (NASDAQ: MSFT) is the third-largest stock holding of Chilton Investment Company, as of the end of the third quarter. The firm’s stake in MSFT also helped in generating robust returns over the years. Microsoft’s share price soared close to 40% in the last twelve months and shares are up 351% in the last five years. Moreover, the hedge fund has also received cash in the form of dividends from MSFT.

Wedgewood Partners, which returned 12.2% for the fourth quarter of 2020, highlighted a bullish case for Microsoft Corporation in their investor letter. Here is what Wedgewood Partners stated:

“Microsoft continued to generate solid double-digit top-line, and operating earnings growth. The Company’s all-encompassing portfolio of “hybrid” cloud solutions is compelling for customers as IT organizations vacillate between on-premises and off-premises (and then likely on-premises again). For example, Microsoft 365 has added an array of features to make remote work easier, yet, as customer applications grow in compute intensity, those customers’ on-premises and edge computing topologies retain or grow in importance. Microsoft’s strategic pivot to be more customer-friendly and collaborative will sustain its growth and returns for several more years so we are happy with our position.”