Michael Burry’s 2022 Portfolio: Top 5 Stock Picks

4. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 158

Scion Asset Management’s Stake Value: $18.07 million

Scion Asset Management’s 13F Portfolio: 8.97%

Michael Burry’s Q1 2022 portfolio included 6,500 shares of Google parent company Alphabet Inc. (NASDAQ:GOOG), with a price tag of $18.07 million and representing a 8.97% slice of his total portfolio.

For the first quarter of 2022, Alphabet Inc. (NASDAQ:GOOG) reported an EPS of $24.62, missing consensus estimates by $0.93. Quarterly revenue of $68 billion saw a growth of 22.95% year-on-year, and also beat consensus estimates by $124.6 million.

Jefferies analyst Brent Thill in late April maintained a ‘Buy’ rating on Alphabet Inc. (NASDAQ:GOOG) shares and lowered the price target to $3,400 from $3,600. The firm saw healthy growth in its Search and Cloud business, but its advertising revenue from Youtube missed estimate figures for the third quarter in a row. The analyst decreased his FY2022 estimates for gross and net revenue, operating margin and EPS.

158 hedge funds reported owning stakes in Alphabet Inc. (NASDAQ:GOOG) at the end of Q4 2021, as compared to 156 hedge funds in the preceding quarter.

Investment firm Baron Funds mentioned Alphabet Inc. (NASDAQ:GOOG) in its Q1 2022 investor letter. The fund stated:

“We have modestly reduced the size of our position in Alphabet Inc. (NASDAQ:GOOG) (from 6.5% at the end of the fourth quarter of 2021 to 5.3% as of the end of the first quarter of 2022), after the stock rallied 64% in 2021 and continued outperforming during the first quarter, declining just 3%.”