George Soros and Jim Cramer Love These 5 Stocks

1. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 163 

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology firm. Regulatory filings reveal that Soros Fund Management owned over 1.4 million shares of Alphabet Inc. (NASDAQ:GOOG) at the end of the third quarter of 2023 worth $183 million, representing 2.60% of the portfolio. 

Earlier this year, Jim Cramer outlined his bullish views on Alphabet Inc. (NASDAQ:GOOG) in response to a caller question about the firm on the Lightning Round of his show. He said, “Yes, you can still buy that. A monster good quarter, and the stock hasn’t really run. I’m going to say I’m going to bless buying that stock”.

Among the hedge funds being tracked by Insider Monkey, Texas-based investment firm Fisher Asset Management is a leading shareholder in Alphabet Inc. (NASDAQ:GOOG) with 43 million shares worth more than $5.7 billion.

In its Q3 2023 investor letter, Weitz Investment Management, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ:GOOG) was one of them. Here is what the fund said:

“As for other quarterly contributors, Alphabet Inc. (NASDAQ:GOOG) and Meta Platforms, Inc., (META) added to their exceptional year-to-date returns. Meta Platforms and Alphabet were the true year-to-date standouts. After steep declines in 2022, both stocks rebounded sharply due to a combination of solid fundamentals, disciplined operational execution, and improved sentiment. Despite outsized gains and attention, we think both Alphabet and Meta remain undervalued.”

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