Nancy Pelosi Latest Portfolio: 2 Stocks to Watch

1. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 156  

Alphabet Inc. (NASDAQ:GOOG) is one of the biggest tech companies in the world, the primary claim to fame being the operations of internet search engine Google. Alphabet Inc. (NASDAQ:GOOG) has been a hedge fund favorite for many years. 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. 

A Periodic Transaction Report from December 29 shows that Pelosi acquired 10 CALL options on Alphabet Inc. (NASDAQ:GOOG) stock with a strike price of $2000 on December 17 with an expiration date of September 2022. The purchase cost between $500,000 and $1 million. As of January 12, Alphabet Inc. (NASDAQ:GOOG) stock was trading at $2,800 per share.

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.”

You can also take a peek at Stanley Druckenmiller is Loading Up on These 15 Stocks and 10 Stocks to Buy and Hold for Long Term According to Warren Buffett.

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