George Soros Stock Portfolio: Top 5 Large-Cap Stock Picks

4. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 155 

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company. It is placed fourth on our list of 10 top large-cap stock picks of George Soros. Government filings show that Soros Fund Management owned 70,255 shares in the company at the end of June 2021 worth $171 million, representing 2.89% of the portfolio. 

On July 28, investment advisory Wedbush maintained an Outperform rating on Alphabet Inc. (NASDAQ:GOOG) stock and raised the price target to $3,424 from $3,127, noting the firm had reported another “stellar” quarter of growth. 

Out of the hedge funds being tracked by Insider Monkey, London-based investment firm TCI Fund Management is a leading shareholder in Alphabet Inc. (NASDAQ:GOOG) with 2.9 million shares worth more than $7.3 billion. 

In its Q1 2021 investor letter, Artisan Partners, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ:GOOG) was one of them. Here is what the fund said:

“Large-cap tech companies have been resilient through the pandemic—Alphabet among them. A top contributor, Alphabet’s Play Store and Google Cloud are in demand as businesses accelerate online activity which, along with strong YouTube user growth, is helping stabilize temporarily weaker search ad revenue trends. Through the lens of our disciplined bottom-up research process, we view Alphabet as one of the best businesses in the world, capable of expanding revenues at a rapid rate for years to come, with a bullet proof balance sheet and an average asking price. It’s a name we’ve owned since 2012 and for which we continue to have high hopes regarding future prospects.”