Billionaire Prem Watsa’s Top 15 Long-Term Stock Picks

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3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 202

Fairfax Financial Holdings’ Stake: $45.6 million 

Alphabet Inc. (NASDAQ:GOOGL) is a California-based technology company that owns and runs the internet search engine Google. This company’s investment appeal is driven by the following key factors. The first thing that makes this company worth investment is its strong financial health and commitment to shareholder value. As per the report of the third quarter of 2024, dividend payments to stockholders of Class A, Class B, and Class C shares were $1.2 billion, $173 million, and $1.1 billion, respectively, totalling $2.5 billion for the three months ended September 30, 2024. Secondly, Google is entering a strategic partnership with Intersect Power and TPG Rise Climate to synchronize new clean power generation with data centre growth in a novel way. The tri-party partnership brings a new approach that can enable US leadership in AI development while thoughtfully building data centre load next to new additional power generation where possible — reducing both the timeline to operation and the amount of new transmission required. Moreover, the company has also partnered with IIMA Ventures to support 22 AI startups in India, fostering innovation in the AI ecosystem.

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