Top 5 Stock Picks of Ryan Frick’s Dorsal Capital

4. Alphabet Inc. (NASDAQ:GOOG)

Frick’s Stake Value: $180,692,000
Percentage of Ryan Frick’s 13F Portfolio: 8.43%
Number of Hedge Fund Holders: 190

Alphabet Inc. (NASDAQ:GOOG) provides online advertising services. It was founded in 1998 and is placed fourth on the list of top 10 stock picks of Ryan Frick’s Dorsal Capital. Shares of Alphabet Inc. (NASDAQ:GOOG) surged 86.51% in the past 12 months.

On September 1, C3.ai, Inc. (NYSE:AI) announced a collaboration with Alphabet Inc. (NASDAQ:GOOG). C3 AI’s enterprise artificial intelligence solutions running on Google Cloud will be co-sold by both firms’ sales teams as part of the new relationship.

Ryan Frick’s Dorsal Capital increased its holding in Alphabet Inc. (NASDAQ:GOOG) by 3% in the second quarter of 2021, ending the period with 74,000 shares of the company, worth $180.69 million. The company is getting the attention of the smart money, as 190 hedge funds tracked by Insider Monkey reported owning stakes in Alphabet Inc. (NASDAQ:GOOG) in the second quarter of 2021, up from 185 funds a quarter earlier.

Qualivian Investment Partners, in its second-quarter 2021 investor letter mentioned Alphabet Inc. (NASDAQ:GOOG). Here is what the fund said:

“The opportunity in online advertising remains very attractive for Alphabet’s subsidiary Google. In the recent June quarter, Google’s ad sales grew 69%. Alphabet’s subsidiary YouTube’s ad revenue soared 84%, to $7 billion, in the second quarter, putting the business on par with Netflix, which reported quarterly revenue of $7.3 billion. Netflix is expected to grow sales by 19%, to $29.7 billion this year, while YouTube’s ad revenue is forecast to rise 45%, to $28.7 billion.

Alphabet slashed operating losses for the Google Cloud by more than half, as the business continues to scale, growing at 50%+ clips. Furthermore, the company continues to have potentially new growth options via its investments in autonomous driving (Waymo) and various healthcare businesses such as Verily and Calico.”