Top 5 Tech Stock Picks of Adam Parker’s Center Lake Capital

3. Microsoft Corporation (NASDAQ:MSFT)

Center Lake Capital’s Stake Value: $71,789,000

Percentage of Center Lake Capital’s 13F Portfolio: 10.32%

Number of Hedge Fund Holders: 238

As of the end of June, Parker’s Center Lake Capital owns 265,000 shares in Microsoft Corporation (NASDAQ:MSFT), amounting to $71.78 million, representing 10.32% of Parker’s 13F portfolio. 

Out of the 873 hedge funds tracked by Insider Monkey, 238 funds were bullish on Microsoft Corporation (NASDAQ:MSFT) at the end of Q2, with stakes worth $62.46 billion.

Baron Opportunity Fund mentioned Microsoft Corporation (NASDAQ:MSFT) in its Q2 2021 investor letter. Here is what the fund said: 

“Shares of Microsoft Corporation, a cloud-software leader and provider of software productivity tools and infrastructure, rose during the quarter following a strong earnings report highlighting solid demand for its broad product stack and continued momentum migrating its business to the cloud. Microsoft was a top contributor in the period because it trades at reasonable free cash flow and earnings valuations, has cloud and digital transformation tailwinds at its back, reported a solid March quarter, and beat Street expectations by a wide margin. Microsoft’s results continued to be strong across the board, with Azure cloud computing revenues up 46% in constantcurrency (“cc”) terms and commercial cloud bookings growth of 38% cc, the best in years. Microsoft also reported robust profitability growth, with operating income expanding 31% and GAAP earnings up 45%. We believe the company is well positioned for continued solid growth and profitability through market share gains as more companies look to transform and digitize their businesses as they move operations to the cloud.”