Billionaire Chris Hohn’s Top 9 Stock Picks

8. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 202

TCI Fund Management’s Stake: $2.8 billion

Alphabet Inc. (NASDAQ:GOOGL) is a California-based technology company that owns and runs the internet search engine Google. The following aspects illustrate why the company stands out as an investment opportunity. Firstly, a strong momentum across the business is reflected in the report for the third quarter of 2024. For instance, consolidated revenues increased 15%, or 16%, in constant currency, year over year. Additionally, net income increased by 34%, and EPS increased by 37% to $2.12, which shows efficient cost management, driving greater returns for shareholders. Secondly, Google is teaming up with HP to integrate Project Starline with Google Meet and Zoom, with plans to launch the 3D video call platform in 2025. After refining the technology from a booth to a screen, Google is bringing Project Starline to the public to enhance the video conferencing experience. Moreover, Google Cloud, a division of Alphabet, has announced that the streaming giants Spotify and Paramount Global are now utilizing its newly developed Axion chip.