5 Best Blue Chip Stocks To Invest In According to Hedge Funds

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1. Microsoft Corp (NASDAQ:MSFT)

Number of Hedge Fund Investors: 306

Microsoft Corp (NASDAQ:MSFT) is the most popular blue chip stock among the 910 elite hedge funds tracked by Insider Monkey. Last month, Microsoft Corp (NASDAQ:MSFT) posted fiscal second quarter results. GAAP EPS in the period came in at $2.93, beating estimates by $0.16. Revenue in the period jumped 17.7% year over year to $62.02 billion, beating estimates by $890 million.

A total of 206 hedge funds tracked by Insider Monkey had stakes in Microsoft Corp (NASDAQ:MSFT) as of the end of the third quarter of 2023.

Madison Sustainable Equity Fund stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its fourth quarter 2023 investor letter:

“Microsoft Corporation’s (NASDAQ:MSFT) sustainable scorecard was updated with an unchanged rating of Above Average. The company’s board has an official Environmental, Social, and Public Policy Committee in addition to the traditional Audit, Compensation, and Governance committees. For ten years, Microsoft has publicly released data measuring the diversity of its workforce. With the prominence of Artificial Intelligence (AI), the company has launched a 5-point blueprint for governing AI to address public policy and regulation. Environmentally, Microsoft has multiple programs to be carbon negative by 2030. The company has signed Purchase Power Agreements for carbon-free energy totaling 13.5 Gigawatts.”

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