5 Most Popular Retail Investor Stocks in 2023

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 259

Microsoft Corporation (NASDAQ:MSFT) has become a darling of retail investors after the company’s stunning achievements in the AI space this year. Microsoft Corporation (NASDAQ:MSFT) has gained about 20% year to date through April 17. Microsoft Corporation (NASDAQ:MSFT) is also the most popular stock among the elite hedge funds tracked by Insider Monkey, as 259 hedge funds in our database reported having stakes in the company at the end of the fourth quarter of 2022. Chris Hohn’s TCI Fund Management owns a $5.3 billion stake in Microsoft Corporation (NASDAQ:MSFT).

Wedbush’s Dan Ives recently gave some bullish comments on Microsoft Corporation (NASDAQ:MSFT)’s Cloud computing division, citing his recent checks. The analyst also increased his price target on Microsoft Corporation (NASDAQ:MSFT) to $315 from $290.

Diamond Hill Large Cap Concentrated Strategy made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its Q4 2022 investor letter:

“Other bottom contributors to return included railroad operator Union Pacific, software and IT services provider Microsoft Corporation (NASDAQ:MSFT), and banking and financial services company Truist Financial. Union Pacific and Microsoft, though among our bottom contributors, still contributed positively to performance in Q4 as their share prices rose 7% and 3%, respectively. Truist’s stock ended flat in Q4.”