Donald Yacktman’s Latest Portfolio: Top 5 Stock Picks

4. Alphabet Inc. (NASDAQ:GOOG)

Yacktman Asset Management’s Stake Value: $453,415,000

Percentage of Yacktman Asset Management’s 13F Portfolio: 4.7%

Number of Hedge Fund Holders(Q1): 205

Search giant Alphabet Inc. (NASDAQ:GOOG) has remained Yacktman Asset Management’s fourth favourite stock pick for the past three quarters. Alphabet Inc. (NASDAQ:GOOG) is also one of the most popular companies among the 912 hedge funds we cover, with 160 hedge funds reporting holding the company’s class C stock and 205 reporting holding the class A stock at the end of March.

According to a report published in Politico on August 8, the EU antitrust regulators have started probing Alphabet Inc.’s (NASDAQ:GOOG) Play Store rules. The regulators have already started asking the company’s competitors about Alphabet Inc.’s (NASDAQ:GOOG) billing terms and developer fees. A similar investigation was taken up by the antitrust regulators in the Netherlands in May this year. However, according to the report, that investigation will likely close soon to make room for the present investigation.