Nicolai Tangen’s AKO Capital Is Investing In These 5 Stocks

In this article, we discuss the 5 stocks Nicolai Tangen’s AKO Capital is investing in. If you wish to see our detailed analysis of Tangen’s history, investment philosophy, and hedge fund performance, go directly to Nicolai Tangen’s AKO Capital Is Investing In These 10 Stocks.

5. Alphabet Inc. (NASDAQ:GOOG)

AKO Capital’s Stake Value: $576.6 million
Percentage of AKO Capital’s 13F Portfolio: 5.97%
Number of Hedge Fund Holders: 155

Multinational technology conglomerate Alphabet Inc. (NASDAQ:GOOG) climbed past $3,000 for the first time before hitting an all-time high of $3.011.41 on November 5, putting its market capitalization on the brink of $2 trillion.

On November 2, Morgan Stanley analyst Brian Nowak raised the price target on Alphabet Inc. (NASDAQ:GOOG) shares to $3,200 from $3,000, and kept an Overweight rating on the shares of the company.

Based on our Q3 data, Nicolai Tangen’s AKO Capital holds 216,343 shares of Alphabet Inc. (NASDAQ:GOOG), worth approximately $576.6 million, accounting for 5.97% of the fund’s investment portfolio.

Of the 873 elite funds tracked by Insider Monkey, 155 were long Alphabet Inc. (NASDAQ:GOOG) at the end of June, down from 159 in the first quarter of 2021. Chris Hohn of TCI Fund Management is the leading stakeholder of the company.

Alger, an investment management firm, in its third-quarter 2021 investor letter, mentioned Alphabet Inc. (NASDAQ:GOOG). Here is what the fund said:

“Alphabet Inc. was among the top contributors to performance during the third quarter. Alphabet is a leading internet search provider and is a beneficiary in the share shift of advertising dollars from traditional mediums like television, radio and newspapers to digital platforms. The company is a leader in implementing Al, autonomous vehicles and cloud computing it and owns the highly trafficked YouTube property. Alphabet contributed to performance due to a strong quarterly report highlighted by revenue growth that beat consensus expectations across segments. The company’s core search revenues have increased 10% over the past two years, with cloud computing increasing 8%. Results from YouTube also exceeded expectations. When discussing quarterly results, Alphabet management said retail, entertainment and travel were end markets that were particularly strong. The fixed cost structure of Alphabet’s search service resulted in profitability resulting from the increase in revenues being better than expected.”