Goldman Sachs Tech Stocks: Top 5 Stock Picks

2. Microsoft Corporation (NASDAQ:MSFT)

Goldman Sachs’ Stake Value: $12,016,868,237

Number of Hedge Fund Holders: 289

Microsoft Corporation (NASDAQ:MSFT) is yet another one of Goldman Sachs’ top tech stocks. On June 14, Microsoft Corporation (NASDAQ:MSFT) declared a quarterly dividend of $0.68 per share, in line with previous. The dividend is payable on September 14, to shareholders of record as of August 17. At the conclusion of Q1 2023, Goldman Sachs owned 41.6 million shares of Microsoft Corporation (NASDAQ:MSFT) worth just over $12 billion.

According to Insider Monkey’s first quarter database, 289 hedge funds were bullish on Microsoft Corporation (NASDAQ:MSFT), up from 259 funds during the previous quarter. Bill & Melinda Gates Foundation Trust is the biggest shareholder in the company, with 39.2 million shares worth $11.3 billion. 

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).”