In this piece, we will take a look at the top five technology stocks to invest in according to billionaire Paul Tudor Jones. If you want to get the details about the hedge fund and other stocks, then head on to 10 Technology Stocks to Invest in According to Billionaire Paul Tudor Jones.
5. Zoom Video Communications, Inc. (NASDAQ:ZM)
Tudor Investment Corp’s Stake Value: $20.8 million
Percentage of Tudor Investment Corp’s 13F Portfolio: 0.34%
Number of Hedge Fund Holders: 48
Zoom Video Communications, Inc. (NASDAQ:ZM) is a video communications platform provider based in the United States. The company’s software application allows the general public and professionals users to virtually interact with each other in the form of video calls, chats, and more.
Mr. Tudor’s investment firm owned 113,356 Zoom Video Communications, Inc. (NASDAQ:ZM) shares by the end of last year’s fourth quarter. These were worth $20.8 million and they represented 0.34% of the company’s portfolio. During the same time period, 48 of the 924 hedge funds polled by Insider Monkey had also invested in the firm.
Zoom Video Communications, Inc. (NASDAQ:ZM) reported $1 billion in revenue and $1.29 in non-GAAP EPS, beating analyst estimates for both. Benchmark set a $124 price target for the company in March 2022, stating that this was conservative and the full forecast implies a price target of $198.
Zoom Video Communications, Inc. (NASDAQ:ZM)’s largest investor is Catherine D. Wood’s ARK Investment Management which owns 6.8 million shares worth $1.2 billion.
4. Unity Software Inc. (NYSE:U)
Tudor Investment Corp’s Stake Value: $22.8 million
Percentage of Tudor Investment Corp’s 13F Portfolio: 0.38%
Number of Hedge Fund Holders: 36
Unity Software Inc. (NYSE:U) is a software company that develops a platform to allow content creators to run their software such as games for allowing regular users to use and interact with it. This allows the developers to monetize their products and providers users with a host of different applications.
For its fiscal fourth quarter, Unity Software Inc. (NYSE:U) raked in $315 million in revenue and -$0.05 in non-GAAP EPS, beating analyst estimates for both metrics. Citi set a $125 price target for the company in April 2022, stating that the company has a leading position in the highly growing mobile gaming market.
Tudor Investment Corporation owned a $22.8 million stake in Unity Software Inc. (NYSE:U) as part of its Q4 2021 investment portfolio. This came in the form of 160,115 shares and represented 0.38% of its holdings. During the same time period, 36 of the 924 hedge funds surveyed by Insider Monkey had invested in the company.
Jim Davidson, Dave Roux, and Glenn Hutchins’s Silver Lake Partners is Unity Software Inc. (NYSE:U)’s largest investor. It owns 34 million shares that are worth $5 billion.
3. C3.ai, Inc. (NYSE:AI)
Tudor Investment Corp’s Stake Value: $24.5 million
Percentage of Tudor Investment Corp’s 13F Portfolio: 0.41%
Number of Hedge Fund Holders: 24
C3.ai, Inc. (NYSE:AI) is an artificial intelligence software company based out of Redwood City, California. Its products allow customers to develop and deploy artificial intelligence models, use artificial intelligence to optimize raw materials, inventory, work in progress and conduct other tasks.
By the end of its fiscal third quarter, C3.ai, Inc. (NYSE:AI) reported $69 million in revenue and -$0.07 in non-GAAP EPS, beating Wall Street analyst estimates for both metrics. Morgan Stanley reduced the company’s share price target to $20 from $31 in March 2022, outlining that consistent execution is needed for a rosier outlook.
As part of its Q4 2021 investments, Mr. Tudor’s hedge fund held 786,896 C3.ai, Inc. (NYSE:AI) shares which were worth $24.5 million and represented 0.41% of its investment portfolio. Insider Monkey’s survey of 924 hedge fund holdings for the same time period revealed that 24 had owned the company’s shares.
C3.ai, Inc. (NYSE:AI)’s largest investor is Jim Simons’ Renaissance Technologies which owns 1.7 million shares that are worth $54 million.
2. GreenSky, Inc. (NASDAQ:GSKY)
Tudor Investment Corp’s Stake Value: $27.6 million
Percentage of Tudor Investment Corp’s 13F Portfolio: 0.46%
Number of Hedge Fund Holders: 25
GreenSky, Inc. (NASDAQ:GSKY) is a financial technology firm that is headquartered in Atlanta, Georgia, United States. It offers a technology platform that allows credit allocation, funding settlement, servicing, and other services.
Tudor Investment Corporation owned 2.4 million GreenSky, Inc. (NASDAQ:GSKY) shares which were worth $27.6 million and represented 0.46% of its investment portfolio as December 2021 came to an end.
GreenSky, Inc. (NASDAQ:GSKY) was bought by investment bank Goldman Sachs for a $2.4 billion transaction in March 2022. The takeover also saw some controversy with a McKinsey analyst that advised the bank for the takeover being sentenced to jail for insider trading.
GreenSky, Inc. (NASDAQ:GSKY)’s largest investor prior to its acquisition was Israel Englander’s Millennium Management which owned 4 million shares worth $45 million.
1. Apple Inc. (NASDAQ:AAPL)
Tudor Investment Corp’s Stake Value: $80 million
Percentage of Tudor Investment Corp’s 13F Portfolio: 1.33%
Number of Hedge Fund Holders: 134
Apple Inc. (NASDAQ:AAPL) is one of the world’s largest consumer electronics and technology firms. The company sells smartphones, tablets, smartwatches, notebooks, music players, and other devices. Additionally, it also has its services division that targets payments and entertainment.
Mr. Tudor’s investment firm owned 450,536 Apple Inc. (NASDAQ:AAPL) shares as 2021’s final quarter came to an end. These were worth $80 million and represented 1.33% of its investment portfolio. Insider Monkey studied the portfolios of 924 hedge funds for the fourth quarter of last year to discover that 134 had also invested in the company.
Apple Inc. (NASDAQ:AAPL) earned $123 billion in revenue and $2.10 in GAAP EPS for its fiscal Q1, beating analyst estimates for both metrics. Morgan Stanley believes that for its upcoming quarterly results, the company will see strengths from the iPhone and Mac lineup offset weaknesses in other products.
According to Insider Monkey’s research, Warren Buffett’s Berkshire Hathaway is Apple Inc. (NASDAQ:AAPL)’s largest investor. It owns 887 million shares that are worth $157 billion.
ClearBridge Investments mentioned the company in its Q4 2021 investor letter. Here is what the fund said:
“Despite these mixed emerging growth results, the ClearBridge Global Growth Strategy outperformed the benchmark due to resilience among our secular and structural growth holdings. The bulk of these contributions came from U.S. mega-cap growth stocks Apple and Microsoft which continued to uniquely act both offensively and defensively as they have through most of the pandemic.”
Disclosure: None. You can also take a look at 10 Companies that Benefit From Crypto Mining and 10 Best Solar Energy Stocks To Buy Now.
