5 Best Growth Stocks to Buy Today According to Billionaire Ken Fisher

4. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 155 

Alphabet Inc. (NASDAQ:GOOG) provides online advertising services and owns the internet search engine Google. In early November, the company crossed $2 trillion in market capitalization for the first time, becoming the third company across the world to do so after tech giants Microsoft and Apple. 

According to the latest data, Fisher Asset Management owned 1.8 million shares in Alphabet Inc. (NASDAQ:GOOG) at the end of September 2021 worth $4.9 billion, representing less than 3.05% of the portfolio of the fund. 

Among the hedge funds being tracked by Insider Monkey, London-based investment firm TCI Fund Management is a leading shareholder in Alphabet Inc. (NASDAQ:GOOG) with 2.9 million shares worth more than $7.3 billion. 

In its Q1 2021 investor letter, Artisan Partners, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ:GOOG) was one of them. Here is what the fund said:

“Large-cap tech companies have been resilient through the pandemic—Alphabet among them. A top contributor, Alphabet’s Play Store and Google Cloud are in demand as businesses accelerate online activity which, along with strong YouTube user growth, is helping stabilize temporarily weaker search ad revenue trends. Through the lens of our disciplined bottom-up research process, we view Alphabet as one of the best businesses in the world, capable of expanding revenues at a rapid rate for years to come, with a bullet proof balance sheet and an average asking price. It’s a name we’ve owned since 2012 and for which we continue to have high hopes regarding future prospects.”