5 Tech Stocks to Buy According Billionaire Chase Coleman

1. Microsoft Corporation (NASDAQ:MSFT)

Tiger Global Management’s Stake Value: $2.8 billion 

Percentage of Tiger Global Management’s Portfolio: 6.21% 

Number of Hedge Fund Holders: 266

Tiger Global Management sold 36% of its stake in Microsoft Corporation (NASDAQ:MSFT) during the December quarter. Despite that, Microsoft Corporation (NASDAQ:MSFT) was the largest tech stock holding of Chase Coleman’s portfolio. In addition to prospects for steady share price appreciation, Microsoft is a good stock hold for the long term due to a dividend factor. 

Saturna Capital, an investment management firm, mentioned a few stocks including Microsoft. Here is what Saturna Capital stated:

“Only two companies remain from 2010’s top 10 list: Apple and Microsoft. Going back to 2000, only Microsoft remains. We expect that Microsoft will maintain its position as the dominant global provider of personal and business software, while growing its cloud business and potentially being a key provider of augmented and mixed hardware and software.

US Technology companies have been the equity market’s biggest winners in recent years. Because of the Amana Income Fund’s objective of current income, many of these zero- or low-dividend companies do not suit the Fund’s mandate. One that does — Microsoft, which returned 46.03% for 2021 — was the Fund’s second biggest contributor to returns during the year. While Technology no doubt underpins much of the current economy and its future potential, Tech stocks have also benefited from low inflation, globalization, and valuations that are near historic highs. With globalization backsliding and inflation worries escalating, we believe companies in other industries with strong financial positions, competitive advantages, strong management, attractive dividend yields, and reasonable valuations can offer investors diversification in the context of equity markets increasingly concentrated in a handful of very large Technology firms.”

You can also take a look at 10 Best Semiconductor Stocks to Invest in According to Ken Griffin’s Citadel Investment Group and Consumer Staples Stocks To Buy According To Billionaire Ray Dalio.

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