5 Best Booming Stocks to Buy Now According to Hedge Funds

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 204

Share Price Gains Year to Date: 53.28%

Alphabet’s (Nasdaq:GOOG, GOOGL) made it to the top 3 best booming stocks buy now according to hedge funds in our list.

Google’s CEO Sundar Pichai said during Q2 2023 earnings call, “We delivered solid performance in Search and YouTube and ongoing strong growth in Cloud, where we remain focused on long-term value creation. And we continue our important work to operate more efficiently, creating durable savings to fund investments in our biggest priorities.

Alphabet (Nasdaq:GOOG, GOOGL) had 204 hedge funds investors at the end of June 30 this year, out of the 910 hedge funds profiled by Insider Monkey. The firm’s largest investor is Harris Associates which maintained roughly 26.9 million shares for about $3.2 billion of Alphabet (Nasdaq:GOOG, GOOGL).