5 Best Stocks to Buy According to Billionaire Chris Hohn

2. Microsoft Corporation (NASDAQ:MSFT)

TCI Fund Management’s Stake Value: $5,041,325,000

Percentage of TCI Fund Management’s 13F Portfolio: 15.95%

Number of Hedge Fund Holders: 258

TCI Fund Management solidified its holdings in Microsoft Corporation (NASDAQ:MSFT) by 14% to 19.63 million shares. However, the company still couldn’t climb to the top spot and remained the fund’s second most loved stock at the end of June. Microsoft Corporation (NASDAQ:MSFT) was the most popular stock among the hedge funds tracked by Insider Monkey, with 258 of the 895 disclosing a stake in the company at the end of the June quarter.

Earlier this year, Microsoft Corporation (NASDAQ:MSFT) had made a $69 billion bid for gaming giant Activision Blizzard, Inc. (NASDAQ:ATVI), which is yet to get regulatory approval. Many investors and analysts are now skeptical that the deal will go through. This can also be gauged from Activision Blizzard, Inc. (NASDAQ:ATVI) current stock price which is trading at more than a 20% discount from what Microsoft Corporation (NASDAQ:MSFT) has offered. To boost investors’ and analysts’ confidence, Microsoft Corporation (NASDAQ:MSFT) CEO Satya Nadella recently gave an interview to Bloomberg Television and said, “Of course, any acquisition of this size will go through scrutiny, but we feel very, very confident that we’ll come out.”