Joel Greenblatt’s Top 5 Stock Picks

2. Microsoft Corporation (NASDAQ:MSFT)

Gotham Asset Management Q1 2023 Stake: $55.32 million

Boasting a massive user base surpassing 1 billion, Microsoft Corporation (NASDAQ:MSFT) achieved remarkable financial success in 2022, with a revenue of $198.27 billion and a net income of $72.73 billion. With a market capitalization exceeding $2.56 trillion, the company unmistakably showcases its considerable value. As a prominent market leader in the technology industry, Microsoft Corporation (NASDAQ:MSFT) ongoing triumph can be attributed to its unwavering commitment to innovation, effective marketing strategies, and a devoted customer base. Gotham Asset Management reported holding $55.32 million worth of stakes in the tech giant, making up 1.34% of his hedge fund portfolio.

At the end of Q1 2023, 289 hedge funds in Insider Monkey’s database owned stakes in Microsoft Corporation (NASDAQ:MSFT), worth collectively nearly $58 billion.

Ariel Investments mentioned Microsoft Corporation (NASDAQ:MSFT) in its first-quarter 2023 investor letter:

“Enterprise software provider, Microsoft Corporation (NASDAQ:MSFT) also traded higher in the period alongside the investor enthusiasm for Artificial Intelligence. Microsoft is well positioned as this new technology advances given its large investment in Open AI, the parent company of ChatGPT. Looking ahead, we continue to like Microsoft’s solid fundamentals, competitive positioning and long-term business outlook. We anchor on the company driving value creation by capitalizing on a broad and deep set of opportunities, most notably within Azure, its hybrid cloud infrastructure. The platform continues to demonstrate share gains and strong multi-year purchase intent as enterprises transition to cloud based platforms. At current trading levels, we believe Microsoft’s risk/reward is skewed to the upside.”