Billionaire Chen Tianqiao Dumped 3 Tech Stocks and Betting On These 4 Stocks

5. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 202

Alphabet Inc. (NASDAQ:GOOGL) is a California-based technology company that owns and runs the internet search engine Google. In the securities filings for the second quarter of 2024, Shanda Asset Management reported owning 2.5 million shares in the company worth more than $455 million, representing nearly 25.56% of the portfolio. However, in the filings for the third quarter of 2024, the hedge fund reported that it had sold off this stake entirely. The stock has climbed more than 7% in value over the past six months and is presently trading at around $196 per share.