5 Stocks to Buy According to David Fear’s Thunderbird Partners

2. Alphabet Inc. (NASDAQ:GOOG)

Thunderbird Partners’ Stake Value: $134,120,000

Percentage of Thunderbird Partners’ 13F Portfolio: 16.07%

Number of Hedge Fund Holders: 156

Thunderbird Partners owns 50,166 shares of Alphabet Inc. (NASDAQ:GOOG) as of Q3 2021, worth $134.1 million, representing 16.07% of the fund’s 13F portfolio. 

Tigress Financial analyst Ivan Feinseth raised the price target on Alphabet Inc. (NASDAQ:GOOG) to $3,540 from $3,185 and reiterated a Strong Buy rating on the shares on December 3, citing the company’s increasing artificial intelligence-first focus is driving greater product functionality and “significant” growth opportunities.

Alphabet Inc. (NASDAQ:GOOG) announced solid Q3 results on October 26, posting earnings per share of $27.99, exceeding estimates by $4.75. The $65.12 billion revenue also outperformed estimates by $1.83 billion. 

Chris Hohn’s TCI Fund Management is the largest Alphabet Inc. (NASDAQ:GOOG) stakeholder, with 2.95 million shares worth $7.86 billion. Overall, 156 hedge funds were bullish on Alphabet Inc. (NASDAQ:GOOG) as of September 2021, with stakes amounting to $34.95 billion. 

Here is what Saturna Capital Amana Funds has to say about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2021 investor letter:

“Alphabet was a new addition to the Fund this year, as we believed it important to have exposure to the top online media and advertising company in the world. Some have raised concerns surrounding Alphabet’s exposure to political interference, but we take comfort from the belief that were the company to be broken up, it would quite likely be worth even more than as a single entity.”