George Soros’ Top 5 Holdings

4. Alphabet Inc. (NASDAQ:GOOG)

Soros Fund Management’s Stake Value: $154,990,112

Percentage of Soros Fund Management’s 13F Portfolio: 2.13%

On February 10, Jefferies analyst Brent Thill maintained his $130 price target and a Buy rating on Alphabet Inc. (NASDAQ:GOOG). Over the past 3 months, the stock has received 10 Buy ratings from Wall Street analysts and has a consensus Strong Buy rating. Alphabet Inc. (NASDAQ:GOOG) has an average price target of $124.60 which represents an upside of 32.37% from its share price on February 14.

Alphabet Inc. (NASDAQ:GOOG) is among George Soros’ top 5 holdings. As of December 31, Soros Fund Management owns over 1.75 million shares of Alphabet Inc. (NASDAQ:GOOG) and has a stake worth $154.9 million in the company. The investment covers 2.13% of the fund’s 13F portfolio.

Here is what RiverPark Advisors had to say about Alphabet Inc. (NASDAQ:GOOG) in its fourth-quarter 2022 investor letter:

“Alphabet Inc. (NASDAQ:GOOG)t: Internet services leader Alphabet was a top detractor on market concerns about the global economic outlook. For its 3Q22 reported in October, the company reported disappointing advertising revenue, partially offset by better-than-expected results for its cloud business. The company reported third-quarter revenue of $69 billion, an increase of 6% year over year (11% on a currency neutral basis), with Google Services (mostly Advertising) up 2%, and Google Cloud up 38%.

With its high margin business model (25% operating margin last quarter), continued strength across its core Search and YouTube franchises, and emerging strength in its still relatively small Cloud business, we continue to view Alphabet as among the best-positioned secular growth franchises in the market. Additionally, GOOG shares trade at a compelling 13x the Street’s 2023 EPS estimate (which includes an approximate 10% earnings drag from losses in its Other Bets and Google Cloud segments), significant discounts to both the S&P 500, and the Russell 1000 Growth Index.”