5 Most Profitable Large Cap Stocks to Buy

3. Alphabet Inc. (NASDAQ:GOOGL)

Trailing Twelve Months Net Income: $59.9 billion

Number of Hedge Fund Holders In Q3 2022: 196

Alphabet Inc. (NASDAQ:GOOGL) is one of the largest technology companies in the world. Headquartered in Mountain View, California, the firm has a hardware and software product portfolio that spans from operating systems to smartphones.

Alphabet Inc. (NASDAQ:GOOGL) was left red faced in February 2023 when its live demonstration of an artificial intelligence platform led to the software giving incorrect answers. Insider Monkey’s September quarter of 2023 survey of 920 hedge funds revealed that 196 had invested in the company.

Out of these, Chris Hohn’s TCI Fund Management is Alphabet Inc. (NASDAQ:GOOGL)’s largest investor. It owns 52 million shares that are worth $5 billion.

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