Top 5 Billionaire Stocks From 5 Billionaires

4. Alphabet Inc. (NASDAQ:GOOG)

Billionaire: David Tepper (Worth $18.5 billion)

David Tepper of Appaloosa Management owns Carolina Panthers of the National Football League and Charlotte FC in Major League Soccer. His net worth stands at over $18 billion, according to Forbes. Appaloosa’s biggest stock holding as of the end of the third quarter is Alphabet Inc. (NASDAQ:GOOG). The hedge fund upped its stake in Alphabet Inc. (NASDAQ:GOOG) by 5% in the first quarter, ending the period with a stake worth $219 million.

Some good news finally came for Alphabet Inc. (NASDAQ:GOOG) after The Wall Street Journal reported that Samsung has suspended discussions regarding a possible switch from Google search to Bing in its devices. Such a shift would have been devastating for Alphabet Inc. (NASDAQ:GOOG) since billions of people using Android devices made by Samsung initiate their web searches using Google.

Baron Opportunity Fund made the following comment about Alphabet Inc. (NASDAQ:GOOG) in its Q1 2023 investor letter:

“As we did last quarter, we continued to decrease our weighting in Alphabet Inc. (NASDAQ:GOOG) because, as stated earlier, we believe ChatGPT and/or similar AI-based services present a hard-to-measure risk to Google’s virtual search monopoly.”