5 Blue Chip Stocks To Buy According To Billionaire Richard Chilton

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1. Microsoft Corporation (NASDAQ:MSFT)

Chilton Investment Company’s Stake Value: $317.42 million

Percentage of Chilton Investment Company’s 13F Portfolio: 7.62%

Number of Hedge Fund Holders: 259

Microsoft Corporation (NASDAQ:MSFT) is a Washington-based tech giant with exposure in various industries ranging from cloud computing, consumer electronics, gaming consoles, personal computer, and software. The second-largest holding in billionaire Richard Chilton’s portfolio, it accounted for 7.62% of his  hedge funds portfolio by the end of the fiscal first quarter of 2022.

On June 13, Jefferies analyst Brent Thill spoke about the company’s Intelligent Data Platform, and placed a Buy rating on the shares of Microsoft Corporation (NASDAQ:MSFT), alongside a $320 price target. He views the company as a diversified business better positioned to weather potential macro weakness than others and thinks that its enhancements should sustain durable revenue growth for “the foreseeable future.”

As per Insider Monkey’s database for the first quarter, 259 hedge funds owned stakes in Microsoft Corporation (NASDAQ:MSFT), down from 262 in the previous quarter. These stakes hold a consolidated value of over $65.6 billion. With stakes worth roughly $8.6 billion, Fisher Asset Management held the largest position in the company in Q1.

Baron Funds, an asset management firm, mentioned Microsoft Corporation (NASDAQ:MSFT) in its Q1 2022 investor letter. Here is what the firm said:

“Microsoft (NASDAQ:MSFT) re-enters our portfolio after a long gap. MSFT sells enterprise and consumer software products as well as hardware products such as the Xbox video game console and Surface laptops. All business segments experienced double-digit revenue growth and earnings per share have compounded in the mid-double digits over the last 5 years. We believe MSFT continues this momentum in the years ahead.”

You can also take a peek at the 10 Best CBD Stocks To Buy Now and 10 Best Recession Stocks To Buy

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