Seth Klarman’s Value Stock Portfolio Performance in 2021: 5 Best Picks

2. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 156 

Gain in Share Price in 2021: 67%    

Alphabet Inc. (NASDAQ:GOOG) provides online advertising services. It is among a band of tech stocks that hundreds of elite hedge funds prefer. 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. 

According to 13F data, Baupost Group owned 290,930 shares in Alphabet Inc. (NASDAQ:GOOG) at the end of September 2021 worth over $775 million, representing 7.12% of the portfolio. Alphabet Inc. (NASDAQ:GOOG) has featured in the Baupost portfolio since the first quarter of 2020. 

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.”