Joel Greenblatt’s Top 5 Stock Picks

4. Alphabet Inc. (NASDAQ:GOOG)

Gotham Asset Management Q1 2023 Stake: $41.94 million

Alphabet Inc. (NASDAQ:GOOG) reigns as a prominent technology giant among the Big 5. At the core of its operations lies Google, a search engine that handles billions of queries every single day. The firm also encompasses an array of video streaming and productivity platforms, including Youtube. Additionally, the company engages in the sale of electronic devices such as smartphones, ultra-thin notebooks, and speakers. Joel Greenblatt initiated a position in the tech giant back in Q2 2016, at an average quarterly share price of $36.70. Currently, his hedge fund holds a stake worth $41.84 million in the company.

On April 25, Alphabet Inc. (NASDAQ:GOOG) reported a Q1 GAAP EPS of $1.17 and a revenue of $69.79 billion, outperforming market estimates by $0.10 and $950 million, respectively

After digging through 943 hedge funds for their first quarter of 2023 shareholdings, Insider Monkey found out that 155 had bought Alphabet Inc. (NASDAQ:GOOG)’s shares. Out of these, the firm’s largest investor is Ken Fisher’s Fisher Asset Management with a $4.3 billion stake.

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