Billionaire David Shaw’s Quant Models Love These 5 Stocks

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 300
D.E Shaw’s Stake Value: $2.15 Billion
Percent of Portfolio: 2.19%

Microsoft Corporation (NASDAQ:MSFT) is a software juggernaut that develops and supports software services and solutions worldwide. Headquartered in Redmond, Washington, it is best known for offering a suite for applications used in work environments, including Microsoft Teams, office 365 Security and Compliance, Microsoft Viva, and Microsoft 365 co-pilot. The company also has a huge presence in cloud computing through Azure and gaming through the Xbox console.

Microsoft Corporation (NASDAQ:MSFT) has emerged as one of billionaire David Shaw’s top stock picks on generating significant returns over the years. The stock is already up by more than 40% for the year as it benefits from the artificial intelligence boom. Starting late last year, the company has invested close to $13 billion in OpenAI to strengthen its exposure to the revolutionary technology.

At the end of the second quarter of 2023, Microsoft Corporation (NASDAQ:MSFT) was the most popular stock among hedge funds, according to Insider Monkey’s database. 300 hedge funds held stakes in the company, worth about $70 billion.

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