Morris Mark’s Mark Asset Management Latest Portfolio: Top 5 Stock Picks

This article discusses Mark Asset Management’s top 5 stock picks at the end of March 2022. You can learn about Mark Asset Management’s top 10 stock picks and the fund’s recent performance by reading Morris Mark’s Mark Asset Management Latest Portfolio: Top 10 Stock Picks.

5. QUALCOMM Incorporated (NASDAQ:QCOM)

Mark Asset Management’s Stake Value: $24,754,000

Percentage of Mark Asset Management’s 13F Portfolio: 3.63%

Number of Hedge Fund Holders: 73

QUALCOMM Incorporated (NASDAQ:QCOM) was the only company among Mark Asset Management’s top five holdings in which the fund increased its stake. At the end of the first quarter of 2022 Mark Asset Management held 161,980 shares of QUALCOMM Incorporated (NASDAQ:QCOM), up 8% from the 151,271 shares it had at the end of 2021.

QUALCOMM Incorporated’s (NASDAQ:QCOM) stock declined recently after the company reported its second-quarter numbers. The earnings per share of $2.96 that QUALCOMM Incorporated (NASDAQ:QCOM) reported on revenue of $10.93 billion for that period beat analysts’ expectations by $0.09 and $74.53 million, respectively. However, the guidance it gave for the fourth quarter was lower than what the Street was expecting, which caused its stock to trade lower.