Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks

2. Alphabet Inc. (NASDAQ:GOOG) 

Number of Hedge Fund Holders: 156   

Gain in Share Price in 2021: 67%   

Alphabet Inc. (NASDAQ:GOOG) is a diversified tech firm. Scion Asset Management first bought a sizeable stake in Alphabet Inc. (NASDAQ:GOOG) during the second quarter of 2020. This stake consisted of 80,000 shares at an average price of around $1,500 per share. Burry then sold that stake off completely in the fourth quarter of 2020 before opening a new position in early 2021. However, during the third quarter, this stake was sold off completely as well. 

Alphabet Inc. (NASDAQ:GOOG) has generated a lot of hedge fund interest in the past few months. Among 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 $7.8 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.”