5 Stocks to Buy in 2022 According to Mark Massey’s AltaRock Partners

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1. Alphabet Inc. (NASDAQ:GOOG)

AltaRock Partners’ Stake Value: $932,058,000
Percentage of AltaRock Partners’ 13F Portfolio: 23.76%
Number of Hedge Fund Holders: 158

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology holding company headquartered in Mountain View. In the first quarter, Mark Massey loaded up on Alphabet Inc. (NASDAQ:GOOG), increasing his hold on the company by 17%. AltaRock Partners owns 335,110 shares of Alphabet Inc. (NASDAQ:GOOG), worth $932.06 million.

On May 17, Alphabet Inc. (NASDAQ:GOOG) launched the Assured Open Source Software service, which allows commercial and government users of open-source software to effortlessly incorporate the same OSS packages used by Google into their own development processes.

In the first fiscal quarter of 2022, Chris Hohn’s TCI Fund Management held a prominent stake in Alphabet Inc. (NASDAQ:GOOG), with 2.37 million shares worth over $6.62 billion. 158 hedge funds were bullish on Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter of 2021, compared to 156 funds the previous quarter, according to Insider Monkey’s data. The aggregate stakes owned in the fourth quarter of 2021 amounted to $36.63 billion, up from $34.96 billion in the third quarter of 2021.

Farrer Wealth Advisors, in its Q1 2022 investor letter, mentioned Alphabet Inc. (NASDAQ:GOOG). Here is what the fund said:

“Alphabet: We won’t waste much time trying to explain to our clients why Alphabet is such a phenomenal business, we believe that is quite self-evident. The better explanation is why we never bought Alphabet before. The reason was a personal bias we held based on three beliefs (which we now believe to be incorrect)

Growth in YouTube would stall as the increased ad-load would turn-off viewers (the double ad-load at the beginning of videos for example). Consumers will focus on discovery rather than search to purchase new items. For example – using Instagram/TikTok to decide what new clothes to buy instead of ‘googling’ for clothes. Other Bets: In general, we felt that capital spent on “Other Bets” has been a bit wasteful with the segment earning just around $3.1bn in revenue versus nearly $21bn in operating losses over the last five years…” (Click here to see the full text)

You can also take a peek at Top 10 Stock Picks of Eli Cohen’s Crescent Park Management and 10 Best Tech Stocks to Buy Now According to Joe Dimenna’s Zweig-DiMenna Partners

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