Legendary Value Investor Bill Miller’s Portfolio: Top 5 Stock Picks

4. Alphabet Inc. (NASDAQ:GOOG)

Miller Value Partners’ Stake Value: $106.5 million

Percentage of Miller Value Partners’ 13F Portfolio: 2.46%

Number of Hedge Fund Holders: 156

During Q3 2021, Mr. Miller’s hedge fund owned 39,833 Alphabet Inc. (NASDAQ:GOOG) shares which were worth $106 million in a stake constituting 2.46% of its portfolio. Out of 867 hedge funds part of Insider Monkey’s Q3 2021 survey, 156 owned the company’s shares.

Morgan Stanley raised the company’s price target to $3,200 from $3,000 in November 2021, outlining that improved spending should serve the company well. Alphabet Inc. (NASDAQ:GOOG) roared back to life in its third fiscal quarter, by posting a 41% annual revenue growth through bringing in $65 billion in the metric. Its revenue and $27.99 GAAP EPS beat analyst estimates for both.

Alphabet Inc. (NASDAQ:GOOG)’s largest investor according to Insider Monkey’s research is Chris Hohn’s TCI Fund Management who owns 2.9 million shares worth $7.8 billion.

Giverny Capital mentioned Alphabet Inc. (NASDAQ:GOOG) in its Q3 2021 investor letter. It outlined that:

“During the quarter we trimmed two positions, (which includes) Alphabet, after significant run-ups. Alphabet remains our largest holding at a 9% weight. When it rose above a 10% weight in late July, we brought it down a bit. I won’t automatically trim a position when it reaches the 10% threshold, but Alphabet nearly doubled from the summer of 2020 to 2021 and it felt responsible to take some gains.”