Hedge Fund Manager Louis Bacon’s Top 5 Stock Picks

2. Microsoft Corporation (NASDAQ:MSFT)

Moore Capital Management Q2 2023 Holdings: $219.62 Million
Number of Hedge Fund Holders: 300

Microsoft Corporation (NASDAQ:MSFT) is arguably the biggest software company in the world, best known for offering a suite of software and applications for use in work environments. The company develops and supports software and services that include SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft Viva, and Microsoft 365 co-pilot.

The tech giant is also a big player in cloud computing, from where it generates a good chunk of its revenues. Microsoft Corporation (NASDAQ:MSFT) has also strengthened its prospects in gaming with the Xbox gaming console. With the stock up by over 40% for the year, it remains one of hedge fund manager Louis Bacon’s top stock picks, given its track record in returning shareholder value. Wall Street expects the company’s revenue to grow by 11% in 2024, with earnings increasing by 12%, which justifies its premium valuation of 30 times forward earnings.

Microsoft Corporation (NASDAQ:MSFT) is the top choice among the 910 elite hedge funds that Insider Monkey tracks. By the end of Q2 2023, 300 hedge funds held stakes in Microsoft Corporation (NASDAQ:MSFT). The largest shareholder was Bill & Melinda Gates Foundation Trust, with 39.2 million shares worth $13.3 billion.

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