Goldman Sachs Portfolio: Top 5 Stocks

In this article, we discuss top 5 stocks in Goldman Sachs portfolio. If you want to see our detailed analysis of the firm’s history, investment philosophy, and hedge fund performance, go directly to Goldman Sachs Stock Portfolio: Top 10 Stocks.

5. Alphabet Inc. (NASDAQ:GOOG)

Goldman Sachs’ Stake Value: $4.6 billion

Percentage of 13F Portfolio: 1.04%

Number of Hedge Fund Holders: 155

Ranked fifth on our list of the top 10 stocks in Goldman Sachs’ portfolio, Alphabet Inc. (NASDAQ:GOOG) is the parent company of Google Inc.. The multinational conglomerate owns and operates a large number of internet-based platforms.

According to the recent 13F Filings, The Goldman Sachs Inc. holds 12.2 million shares of Alphabet Inc. (NASDAQ:GOOG), amounting to over $4.6 billion and accounting for 1.04% of the investment fund’s portfolio. As of the second quarter of 2021, 155 hedge funds tracked by Insider Monkey held stakes in Alphabet Inc. (NASDAQ:GOOG), worth over $33.7 billion, compared to 159 in the first quarter, worth approximately $29 billion.

On July 27, Alphabet Inc. (NASDAQ:GOOG) issued its quarterly earnings report for the second quarter of 2021, with reported EPS at $27.26, crossing estimates of $19.10 by $8.16. The company’s reported revenues for the quarter came in at $61.88 billion, an increase of 61.58% on a year-over-year basis, beating market predictions by $5.80 billion.

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.

Out of the hedge funds being tracked by Insider Monkey, Florida-based Ivy Lane Capital is among the leading shareholders in Alphabet Inc. (NASDAQ:GOOG) with 9,700 shares worth more than $24.3 billion.

In its Q2 2021 investor letter, Mawer Investment Management mentioned Alphabet Inc. (NASDAQ:GOOG). 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.”