Girish Kumar’s TenCore Partners is Investing in These 5 Technology Stocks

1. Alphabet Inc. (NASDAQ:GOOG)

Kumar’s Stake Value: $121,064,000
Percentage of Girish Kumar’s 13F Portfolio: 17.43%
Number of Hedge Fund Holders: 155

Alphabet Inc. (NASDAQ:GOOG) is a multinational technology company formed through the restructuring of Google in 2015. The company has a market capitalization of $1.93 trillion, and is ranked 1st on the list of the 10 technology stocks Girish Kumar’s TenCore Partners is investing in.

Girish Kumar’s TenCore Partners currently owns 49,580 shares of Alphabet Inc. (NASDAQ:GOOG), amounting to $121.06 million in worth, representing 17.43% of the fund’s portfolio. As of Q2 2021, 190 hedge funds tracked by Insider Monkey have positions in Alphabet Inc. Inc.

Qualivian Investment Partners, an investment management firm, mentioned Alphabet Inc. (NASDAQ:GOOG) in their Q2 2021 investor letter. Here is what the fund said:

“The opportunity in online advertising remains very attractive for Alphabet’s subsidiary Google. In the recent June quarter, Google’s ad sales grew 69%. Alphabet’s subsidiary YouTube’s ad revenue soared 84%, to $7 billion, in the second quarter, putting the business on par with Netflix, which reported quarterly revenue of $7.3 billion. Netflix is expected to grow sales by 19%, to $29.7 billion this year, while YouTube’s ad revenue is forecast to rise 45%, to $28.7 billion.

Alphabet slashed operating losses for the Google Cloud by more than half, as the business continues to scale, growing at 50%+ clips. Furthermore, the company continues to have potentially new growth options via its investments in autonomous driving (Waymo) and various healthcare businesses such as Verily and Calico.”

You can also take a look at 10 Best Stocks To Buy According To Billionaire Larry Robbins and 10 Best Tech Stocks to Buy According to Stanley Druckenmiller.

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