5 Best Technology Stocks to Buy According to Giant Quant Hedge Fund

4. VeriSign, Inc. (NASDAQ:VRSN)

Number of Hedge Fund Holders: 35
Renaissance Technologies Equity Stake: $690.70 Million

VeriSign, Inc. (NASDAQ:VRSN) offers domain name registry services and internet infrastructure that enables internet navigation worldwide. The company ensures the security, stability, and resilience of internet infrastructure and services.

While VeriSign, Inc. (NASDAQ:VRSN) is down by 3% for the year, yet it remains one of the best technology stocks to buy, according to the giant quant hedge fund, as the internet sector experiences significant growth amid the digital technology revolution. VeriSign, Inc. (NASDAQ:VRSN) is up by more than 500% since Renaissance Technologies started investing in 2010.

VeriSign, Inc. (NASDAQ:VRSN) had 35 hedge funds as shareholders in Q2 2023, out of 910 hedge funds surveyed by Insider Monkey. The firm’s top investor was Warren Buffett’s Berkshire Hathaway in Q2 2023, which held 12.82 million shares valued at $2.90 billion.

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