Conservative Stock Portfolio: 5 Best Stocks To Buy

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 289

There were 289 hedge funds long Microsoft Corporation (NASDAQ:MSFT) in the first quarter, with a total stake value of $57.9 billion.

Alex Haissl at Redburn Partners holds a Buy rating and a $440 price target on Microsoft Corporation (NASDAQ:MSFT) shares as of August 11.

Microsoft Corporation (NASDAQ:MSFT) is another big tech company on our list. It is based in Redmond, Washington.

Third Point Management made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its second-quarter 2023 investor letter:

“While our gross equity exposure is still modest (below 100% on the long side), we have increased our nets to 70% as of this writing and 77% on a beta adjusted basis. About 45% of that net long exposure is composed of direct and indirect AI beneficiaries trading at reasonable valuations. We have sized up our investments in certain cloud software businesses including Microsoft Corporation (NASDAQ:MSFT), a clear AI winner as a result of its rapidly growing Azure cloud business, upside from applying AI features to its core Office products, investment in Open AI, and ability to provide AI services to other companies (for example, Microsoft holds a stake in one of our portfolio companies, LSE, which it is also assisting in harnessing greater value in its data via AI).”

See also Starter Stock Portfolio: 15 Safe Stocks To Buy and 12 Dividend Kings To Buy For Safe Dividend Growth.