Billionaire Cliff Asness’ Top 5 Technology Stock Picks

2. Microsoft Corporation (NASDAQ:MSFT)

AQR Capital Management’s Stake Value as of 9/30: $1,106,019,000

Percentage of AQR Capital Management’s 13F Portfolio as of 9/30: 2.69%

AQR Capital Management inched up its position in Microsoft Corporation (NASDAQ:MSFT) by 2% in the third quarter to end the period with a stake worth over $1.1 billion. As a result of its large position, Microsoft Corporation (NASDAQ:MSFT) ranks #2 on our list of Billionaire Cliff Asness’ Top 10 Technology Stock Picks.

Given higher inflation has led to some consumers postponing new purchases, growth has slowed for Microsoft Corporation (NASDAQ:MSFT) recently. Nevertheless, Microsoft Corporation (NASDAQ:MSFT) CEO Satya Nadella is optimistic long term. Nadella said, “In a world facing increasing headwinds, digital technology is the ultimate tailwind. In this environment, we’re focused on helping our customers do more with less, while investing in secular growth areas and managing our cost structure in a disciplined way.”

Diamond Hill commented on Microsoft Corporation (NASDAQ:MSFT) in a Q3 2022 investor letter,

Also among our bottom contributors were media and technology giant Alphabet, software and IT services provider Microsoft Corporation (NASDAQ:MSFT) and insurance company American International Group (AIG). Microsoft shares declined in Q3, along with other tech companies, as rising interest rates impacted the near-term outlook. We expect the business to continue to generate strong revenue growth and benefit from operating leverage. Microsoft’s cloud computing services business, Azure, is generating robust growth, confirming its competitive positioning.