In this article, we discuss the top 5 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group. If you want to read our detailed analysis of Parekh’s history, and hedge fund performance, go directly to the 10 Large-Cap Stocks to Buy According to Anand Parekh’s Alyeska Investment Group.
5. NIKE, Inc. (NYSE:NKE)
Alyeska Investment Group’s Stake Value: $67.8 million
Percentage of Alyeska Investment Group’s 13F Portfolio: 0.79%
Number of Hedge Fund Holders: 67
Ranking 5th on our list of 10 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group, NIKE, Inc. (NYSE: NKE) centers around the sports shoes and equipment market internationally. NIKE, Inc. (NYSE: NKE) was inaugurated in 1964 and is based in Beaverton, Oregon. Latest filings by Alyeska Investment Group reveal that the hedge fund owned 438,610 shares in the firm at the end of June 2021 that are worth $67.8 million, representing 0.79% of the portfolio. The fund initiated a new position in the footwear brand in the second quarter of 2021.
On July 23rd, Oppenheimer increased NIKE, Inc. (NYSE: NKE)’s target price from $150 to $195 with an Outperform rating. With a stock price of $156.42, the price went up by 8.01% in the last 6 months. The second quarter revenue of NIKE, Inc. (NYSE: NKE) was $11.2 billion compared to the first quarter’s $10.6 billion. The second quarter’s EPS was $0.78, compared to the estimated $0.62.
As of the second quarter, 67 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in the company worth $6.4 billion versus 78 hedge funds with $5.2 billion worth of stakes in the previous quarter. With a stake of $1.35 billion, Terry Smith is the company’s biggest stakeholder.
4. Walmart Inc. (NYSE:WMT)
Alyeska Investment Group’s Stake Value: $17 million
Percentage of Alyeska Investment Group’s 13F Portfolio: 0.2%
Number of Hedge Fund Holders: 71
Originating in 1945 and located in Bentonville, Arkansas, Walmart Inc. (NYSE: WMT) ranks 4th on our list of 10 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group. Walmart Inc. (NYSE: WMT) revolves around consumer staples in the retail and wholesale market. Latest filings by Alyeska Investment Group reveal that the hedge fund owned 122,248 shares in the firm at the end of June 2021 that are worth $17 million, representing 0.2% of the portfolio.
On August 18th, Cowen boosted Walmart Inc. (NYSE: WMT)’s target price from $170 to $175 with an Outperform rating.
As of the second quarter, 71 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in the company worth $8 billion versus 58 hedge funds with $5.9 billion worth of stakes in the previous quarter.
3. Facebook, Inc. (NASDAQ:FB)
Alyeska Investment Group’s Stake Value: $53 million
Percentage of Alyeska Investment Group’s 13F Portfolio: 0.62%
Number of Hedge Fund Holders: 266
Ranking 3rd on our list of 10 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group, Facebook, Inc. (NASDAQ: FB) is a software company that connects friends and families across the globe. Facebook, Inc. (NASDAQ: FB) was inaugurated in 2004 and is situated in Menlo Park, California. The latest filings by Alyeska Investment Group reveal that the hedge fund owned 152,311 shares in the firm at the end of June 2021 that are worth $53 million, representing 0.62% of the portfolio. Alyeska Investment Group divested in the social networking group by 6% compared to the first quarter of 2021.
On September 17th, Jefferies increased Facebook, Inc. (NASDAQ: FB)’s target price from $425 to $440 with a Buy rating.
As of the second quarter, 266 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in the company.
2. Alphabet Inc. (NASDAQ:GOOG)
Alyeska Investment Group’s Stake Value: $143 million
Percentage of Alyeska Investment Group’s 13F Portfolio: 1.67%
Number of Hedge Fund Holders: 155
Launched in 1998 and rooted in Mountain View, California, Alphabet Inc. (NASDAQ: GOOG) ranks 2nd on our list of 10 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group. Alphabet Inc. (NASDAQ: GOOG) specializes in services related to performance and brand advertisement. The latest filings by Alyeska Investment Group reveal that the hedge fund owned 58,429 shares in the firm at the end of June 2021 that are worth $143 million, representing 1.67% of the portfolio. Alyeska Investment Group increased investment in the communication company by 60% compared to the first quarter of 2021.
On September 17th, Jefferies boosted Alphabet Inc. (NASDAQ: GOOG)’s target price from $3,150 to $3,325 with a Buy rating.
As of the second quarter, 155 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in the company.
1. Microsoft Corporation (NASDAQ:MSFT)
Alyeska Investment Group’s Stake Value: $27 million
Percentage of Alyeska Investment Group’s 13F Portfolio: 0.31%
Number of Hedge Fund Holders: 238
Ranking 1st on our list of 10 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group, Microsoft Corporation (NASDAQ: MSFT) focuses on the development, licensing, and support of software, services, devices, and solutions internationally. Microsoft Corporation (NASDAQ: MSFT) was incorporated in 1975 and is based in Redmond, Washington. Latest filings by Alyeska Investment Group reveal that the hedge fund owned 100,298 shares in the firm at the end of June 2021 that are worth $27 million, representing 0.31% of the portfolio. Alyeska Investment Group has expanded investment in the technological giant by 17% compared to the first quarter of 2021.
On September 17th, Tigress Financial raised Microsoft Corporation (NASDAQ: MSFT)’s target price from $303 to $366 with a Buy rating.
As of the second quarter, 238 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in the company.
You can also read about 10 Best Tech Stocks to Buy Now According to Orkun Kilic’s Berry Street Capital and 9 Tech and Software Stocks to Buy According to Hamilton Helmer’s Strategy Capital.
