Billionaire Steve Cohen’s Top 5 Stock Picks

1. Alphabet Inc. (NASDAQ: GOOGL)

Value: $623,672,000
Percent of Steve Cohen’s 13F Portfolio: 3.04%
No. of Hedge Fund Holders: 179

Alphabet tops the list of billionaire Steve Cohen’s top 10 stock picks.  Overall, hedge funds are loading up on Alphabet, as 179 out of 887 funds tracked by Insider Monkey held stakes in the search engine and ads giant, compared to 162 funds a quarter earlier. Chris Hohn’s TCI Fund Management is the biggest stakeholder in the company, with 2.95 million shares, worth $5.2 billion. GOOGL ranks 4th in our list of the 30 Most Popular Stocks Among Hedge Funds: 2020 Q4 Rankings.

In their Q4 2020 investor letter, Bretton Fund highlighted a few stocks and Alphabet Inc. (NASDAQ:GOOG) is one of them. Here is what the fund stated:

“Google (aka Alphabet) was one of our best performing stocks last year, returning 30.9%, while its earnings per share increased 19%. As lockdowns first went into place in the spring, many advertisers hit pause on their campaigns, waiting—like a lot of us—to see what the world would look like. And then—like a lot of us—advertisers adjusted. Travel companies cut back their campaigns, while ads for other goods, like athleisure wear and video games, picked up the slack. Google had a rough second quarter, but was back in the swing of things by the next quarter.”

You can also take a peek at Billionaire Carl Icahn’s Top 10 Picks and Cathie Wood’s Top 10 Stock Picks.

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