5 Best Ad-tech Stocks To Buy Now

In this piece, we will take a look at the five best advertisement technology stocks to buy now. If you want to gain detailed understanding of the advertisement technology industry, then read 10 Best Ad-tech Stocks To Buy Now.

5. Adobe Inc. (NASDAQ:ADBE)

Q2 2023 Hedge Fund Holdings: 109

Adobe Inc. (NASDAQ:ADBE) is a software company with specialized platforms such as its Advertising Cloud which enables users to run data analytics for their marketing campaigns. Like HubSpot, it is also upgrading its software platform with AI capabilities.

109 out of the 910 hedge funds part of Insider Monkey’s research for this year’s second quarter were Adobe Inc. (NASDAQ:ADBE)’s investors. Ken Fisher’s Fisher Asset Management is the biggest stakeholder among these due to its $2.3 billion investment.

4. Salesforce, Inc. (NYSE:CRM)

Q2 2023 Hedge Fund Holdings: 122

Salesforce, Inc. (NYSE:CRM) is another pureplay advertising technology company. The firm runs a customer relationship management platform, and it is another firm that is bucking a trend in the technology industry. After large scale layoffs in the technology industry earlier this year, Salesforce, Inc. (NYSE:CRM) is now starting to hire again as it seeks to build capacity even as some warn of an impending recession in America.

By Q2 2023 end, 122 hedge funds out of the 910 that were part of Insider Monkey’s database had held a stake in Salesforce, Inc. (NYSE:CRM). Out of these, the firm’s biggest shareholder is Ken Fisher’s Fisher Asset Management since it owns 13.8 million shares that are worth $2.9 billion.

3. Alphabet Inc. (NASDAQ:GOOGL)

Q2 2023 Hedge Fund Holdings: 204

If you read our introduction, you really wouldn’t need more details about why Alphabet Inc. (NASDAQ:GOOGL) is one of the biggest advertising technology companies in the world. It has consistently grown Search revenues over the past couple of years despite turbulence in the economy.

As of June 2023, 204 out of the 910 hedge funds surveyed by Insider Monkey had invested in the company. Alphabet Inc. (NASDAQ:GOOGL)’s largest hedge fund investor is Ken Fisher’s Fisher Asset Management through its $5.1 billion stake.

2. Meta Platforms, Inc. (NASDAQ:META)

Q2 2023 Hedge Fund Holdings: 225

Meta Platforms, Inc. (NASDAQ:META) is a social media giant that enables advertisers to deliver content to millions of people. On the topic of advertisements, the company is currently interested in bringing ads to WhatsApp, which has also raised concerns about the platform’s privacy.

After digging through 910 hedge fund portfolios for their second quarter of 2023 investments, Insider Monkey discovered that 225 had bought Meta Platforms, Inc. (NASDAQ:META)’s shares. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is the biggest investor among these since it owns $3 billion worth of shares.

1. Amazon.com, Inc. (NASDAQ:AMZN)

Q2 2023 Hedge Fund Holdings: 225

Amazon.com, Inc. (NASDAQ:AMZN) runs one of the biggest electronic commerce platforms in the world, and it offers a variety of customized advertising products to customers. These days, its subsidiary is seeking to launch a batch of experimental low Earth orbit (LEO) internet satellites.

By the end of this year’s June quarter, 225 among the 910 hedge funds tracked by Insider Monkey were the firm’s investors. Ken Fisher’s Fisher Asset Management is Amazon.com, Inc. (NASDAQ:AMZN)’s largest stakeholder through a $5.3 billion stake courtesy of 40.6 million shares.

Disclosure: None.  You can also take a look at 10 Best Blockchain and Bitcoin ETFs and 30 Happiest Countries in the World.

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