Top 5 Smartest Companies To Buy According To Hedge Funds

3. Alphabet Inc. (NASDAQ:GOOG)

Hedge Fund Investors as of Q3 2022: 196

Alphabet Inc. (NASDAQ:GOOG) is one of the largest technology companies on the planet. Known mostly for its search engine Google, the firm also has a strong footing in several high technology industries such as cloud computing and artificial intelligence.

Alphabet Inc. (NASDAQ:GOOG) has been making the news lately due to its decision of laying off 12,000 employees. 196 of the 920 hedge funds tracked by Insider Monkey had bought the firm’s shares in 2022’s third quarter.

Out of these, Chris Hohn’s TCI Fund Management is Alphabet Inc. (NASDAQ:GOOG)’s largest shareholder with a $5 billion stake courtesy of 52 million shares.

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