Joel Greenblatt’s Top 5 Stock Picks

4. Alphabet Inc (NASDAQ: GOOGL)

Google parent Alphabet (NASDAQ: GOOGL) is the permanent member of Joel Greenblatt’s portfolio over the past couple of years. His hedge fund held 26,910 shares of Alphabet at the end of the latest quarter, down 5% from the previous quarter. Alphabet stock price jumped 19% year to date, extending the twelve-month gains to 73%.

Bretton Fund, which returned 11.52% for the fourth quarter, highlighted a few stocks including Alphabet in the fourth quarter investor letter. Here is what Bretton Fund stated:

“Google (aka Alphabet) was one of our best performing stocks last year, returning 30.9%, while its earnings per share increased 19%. As lockdowns first went into place in the spring, many advertisers hit pause on their campaigns, waiting—like a lot of us—to see what the world would look like. And then—like a lot of us—advertisers adjusted. Travel companies cut back their campaigns, while ads for other goods, like athleisure wear and video games, picked up the slack. Google had a rough second quarter, but was back in the swing of things by the next quarter.”