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

2. Alphabet Inc. (NASDAQ:GOOG)

Center Lake Capital’s Stake Value: $75,695,000

Percentage of Center Lake Capital’s 13F Portfolio: 10.88%

Number of Hedge Fund Holders: 190

Parker’s Center Lake Capital owns 31,000 shares in Alphabet Inc. (NASDAQ:GOOG) as of the end of June, valued at $75.69 million, and making up 10.88% of Parker’s 13F portfolio. 

At the end of June, 155 hedge funds in Insider Monkey’s database were long  Alphabet Inc. (NASDAQ:GOOG), down from 159 in the previous quarter. 

Wedgewood Partners mentioned Alphabet Inc. (NASDAQ:GOOG) in its Q3 2021 portfolio. Here is what they said: 

“Alphabet’s core Google search business accelerated to multiyear highs, up nearly +70% driven in part by advertisers rushing to the Company’s Android platform. We estimate Android runs on nearly three-quarters of all smartphones; however, its share of ad spend is lower. Recent policy changes to Apple’s iOS operating system have made it more difficult for advertisers to get a return on its ad spend across the Apple ecosystem. These changes should help close the gap between Android and iOS advertising share and sustain Alphabet’s torrid growth.”