5 Best Tech Stocks to Buy According to Man GLG

1. Microsoft Corporation (NASDAQ:MSFT)

Man GLG’s Stake Value: $697,901,000

Percentage of Man GLG’s 13F Portfolio: 2.44%

Number of Hedge Fund Holders: 250

Microsoft Corporation (NASDAQ:MSFT) is the largest holding in Man GLG’s Q3 portfolio, as well as one of the most sought after tech stocks by the smart money. As of Q3 2021, 250 hedge funds tracked by Insider Monkey reported owning stakes in Microsoft Corporation (NASDAQ:MSFT), worth almost $66 billion. This is an increase as compared to the prior quarter, when 238 funds held stakes worth $62.4 billion in Microsoft Corporation (NASDAQ:MSFT). 

Man GLG, as of September this year, holds 2.47 million Microsoft Corporation (NASDAQ:MSFT) shares, worth almost $700 million, representing 2.44% of the firm’s Q3 portfolio of investments. 

On November 22, Wells Fargo analyst Michael Turrin initiated coverage of Microsoft Corporation (NASDAQ:MSFT) with an Overweight rating and a $400 price target, stating that despite the considerable scale of its global operations, Microsoft Corporation (NASDAQ:MSFT) has solid potential for further growth. 

Here is what Alger has to say about Microsoft Corporation (NASDAQ:MSFT) in its Q3 2021 investor letter:

“Microsoft Corporation was among the top contributors to performance during the third quarter. Microsoft is a Positive Dynamic Change beneficiary of corporate America’s transformative digitization. Microsoft’s enterprise cloud product, Azure, is rapidly growing and accruing market share. Microsoft reported that Azure grew 51% in the second quarter. This high unit volume growth is a primary driver of the company’s higher share price, but the company’s strong operating execution has enabled margin expansion that has also helped to increase forward earnings estimates. We believe Microsoft’s subscription-based software offerings and cloud computing services have a durable growth profile because they enhance customers’ growth initiatives and help them to diminish costs. Additionally, investors appreciate Microsoft’s strong free cash flow generation and its return of cash to shareholders in the form of dividends and share repurchases.”

You can also take a look at Top Investors’ Stock Portfolio: 10 Mid-cap Stocks To Buy and 10 Best Tech Stocks to Buy Under $10. 

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