BlackRock’s Latest Portfolio 2022: Top 5 Stock Picks

In this article, we discuss the top 5 stock picks from BlackRock’s Q1 2022 portfolio. If you want to read our analysis of the investment management corporation’s performance, go directly to BlackRock’s Latest Portfolio 2022: Top 10 Stock Picks.

5. Alphabet Inc. (NASDAQ:GOOGL)

BlackRock’s Stake Value: $57,580,702

Percentage of BlackRock’s 13F Portfolio: 1.55%

Number of Hedge Funds as of December 31: 158

Alphabet Inc. (NASDAQ:GOOGL) is a California-based technology conglomerate that is the parent of Google and other subsidiaries. During the keynote session of its annual I/O developer conference on May 11, Alphabet Inc. (NASDAQ:GOOGL) confirmed the long awaiting news of coming up with its smartwatch, which is expected to give Apple Watch a tough time. The Pixel Watch will be completely developed by Google and will have a deep connection with Fitbit. To expand its footprint, Alphabet Inc. (NASDAQ:GOOGL) also announced the arrival of the Pixel Tablet next year. The company brought forward the budget-friendly Pixel 6A in three colors for $449.

Furthermore, Alphabet Inc. (NASDAQ:GOOGL) provided a tease of its Pixel 7 phone, which is expected to arrive later this year in the fall. The company shared that it is bringing back Google Wallet, which will expand its offering from being a payment gateway. It will include features like boarding passes, remote car starts and student IDs.

Baron Funds, an asset management company, mentioned Alphabet Inc. (NASDAQ:GOOGL) in its Q1 2022 investor letter. Here’s what the firm said:

“We have modestly reduced the size of our position in Alphabet Inc. (NASDAQ:GOOG) (from 6.5% at the end of the fourth quarter of 2021 to 5.3% as of the end of the first quarter of 2022), after the stock rallied 64% in 2021 and continued outperforming during the first quarter, declining just 3%.”