Billionaire Leon Cooperman is Crazy About these 5 Stocks

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1. Alphabet Inc. (NASDAQ: GOOGL)

Cooperman’s Stake Value: $123,751,000
Percentage of Leon Cooperman’s 13F Portfolio: 7.72%
Number of Hedge Fund Holders: 185

Billionaire Leon Cooperman has been holding a position in Alphabet Inc. (NASDAQ: GOOGL) since 2015 and he left his position unchanged in the first quarter of 2021. At the end of the first quarter of 2021, he held 60,000 shares of Alphabet. The company’s stock price is up 36% since the beginning of this year, enlarging twelve-month gains to 65%.

Artisan Partners, a high value-added investment management firm, mentioned a few stocks including Alphabet in the first quarter investor letter. Here is what Artisan Partners stated:

“Large-cap tech companies have been resilient through the pandemic—Alphabet among them. A top contributor, Alphabet’s Play Store and Google Cloud are in demand as businesses accelerate online activity which, along with strong YouTube user growth, is helping stabilize temporarily weaker search ad revenue trends. Through the lens of our disciplined bottom-up research process, we view Alphabet as one of the best businesses in the world, capable of expanding revenues at a rapid rate for years to come, with a bullet proof balance sheet and an average asking price. It’s a name we’ve owned since 2012 and for which we continue to have high hopes regarding future prospects.”

You can also take a peek at 10 Best Stocks to Buy According to Warren Buffett and 10 Best Stocks to Buy Now According to Bill Gates.

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