Constantine Mamakos’ Venator Management Portfolio: Top 5 Stocks

2. Alphabet Inc. (NASDAQ:GOOG)

Venator Management’s Stake Value: $36.89 million
Percentage of Venator Management’s 13F Portfolio: 10%
Number of Hedge Fund Holders: 155

Alphabet Inc. (NASDAQ:GOOG) is a multinational conglomerate that operates as a diversified technology company. The California-based company owns and operates several internet-based platforms.

As of the end of the June quarter, 155 hedge funds out of the 873 tracked by Insider Monkey held stakes in Alphabet Inc. (NASDAQ:GOOG). According to the second quarter 13F Filings, Venator Management holds 14,722 shares in the company. These shares are worth more than $36.89 million and account for 10% of the fund’s total investment portfolio.

On October 12, JPMorgan analyst Doug Anmuth maintained an Overweight rating on Alphabet Inc. (NASDAQ:GOOG) with a $3,250 price target, noting that the company was the most liked mega-cap internet stock.

In its Q2 2021 investor letter, Mawer Investment Management named Alphabet Inc. (NASDAQ:GOOG) among the companies that reported strong results. Here is what the fund said:

“Many higher growth companies reported strong results amid the pick-up in broad economic activity including Alphabet. These higher growth companies tend to have increased sensitivity to a change in discount rates and were supported as long-term interest rates stabilized over the period.”