5 Best Stocks to Buy According to DE Shaw

2. Microsoft Corporation (NASDAQ:MSFT)

DE Shaw’s Stake Value: $1,402,277,000

Percentage of DE Shaw’s 13F Portfolio: 1.31%

Number of Hedge Fund Holders: 259

DE Shaw has been a long-term shareholder of Microsoft Corporation (NASDAQ:MSFT). The hedge fund first invested in Microsoft Corporation (NASDAQ:MSFT) back in Q4 2010, and in the first quarter of 2022, DE Shaw owned 4.5 million shares of the company worth $1.40 million, representing 1.31% of the total 13F portfolio. 

On July 15, Microsoft Corporation (NASDAQ:MSFT) reported that it has responded to the Federal Trade Commission’s second request in its planned $69 billion acquisition of Activision Blizzard, Inc. (NASDAQ:ATVI). Wall Street analysts have a ‘Buy’ consensus rating on Microsoft Corporation (NASDAQ:MSFT), with an average price target of $345.84. 

According to Insider Monkey’s data, 259 hedge funds were bullish on Microsoft Corporation (NASDAQ:MSFT) at the conclusion of March 2022, compared to 262 funds in the last quarter. Fisher Asset Management is the leading shareholder of the company, with 27.8 million shares worth about $8.6 billion. 

Here is what Carillon Clarivest Capital Appreciation Fund has to say about Microsoft Corporation (NASDAQ:MSFT) in its Q1 2022 investor letter:

“Stock selection contributed the most while sector allocation was also positive. An underweight to communication services and an overweight to energy helped performance, while an underweight to consumer staples and an overweight to materials detracted. Stock selection was strong within healthcare and materials but was weak within information technology and industrials. Microsoft (NASDAQ:MSFT) reported positive results driven by personal computing strength, but analysts were especially positive on its growth outlook for its Azure cloud-computing services.”