5 Best Stocks To Buy Now According To Billionaire Cliff Asness

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 302

AQR Capital Management’s Stake: $1.52 billion

Headquartered in Redmond, Washington, Microsoft Corporation (NASDAQ:MSFT) stands as a leading technology company renowned for its diverse range of products and services. These offerings encompass operating systems, cross-device productivity applications, server applications, business solution applications, desktop and server management tools, software development tools, and video games. Cliff Asness owned over 4.06 million shares of Microsoft Corporation (NASDAQ:MSFT) at the end of December 2023, valued at $1.52 billion, representing 2.87% of the portfolio.

Microsoft Corporation (NASDAQ:MSFT) received acclaim from Wall Street following its December quarter results reported on January 31, which exceeded expectations. The positive reception suggests that the advantages the company is gaining from artificial intelligence are just beginning to emerge.

Insider Monkey’s database of 933 hedge funds updated for the fourth quarter of 2023 shows that 302 hedge funds had stakes in Microsoft Corp (NASDAQ:MSFT).