Ken Fisher Stock Portfolio: 5 Biggest Tech Stocks

3. Alphabet Inc. (NASDAQ:GOOG)

Fisher Asset Management’s Stake Value: $4,346,132,000
Percent of Fisher Asset Management’s 13F Portfolio: 2.72%
Number of Hedge Fund Holders: 155

In Q2 2021, Fisher Asset Management increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 4% and holds over 1.7 million shares in the company, worth $4.3 billion. The company represents 2.72% of the hedge fund’s 13F portfolio. In Q2 2021, Alphabet Inc. (NASDAQ:GOOG) reported revenue of $61.8 billion, showcasing a 61.6% growth from the prior-year quarter. In September, Jefferies lifted its price target on Alphabet Inc. (NASDAQ:GOOG) to $3,325, while maintaining a ‘Buy’ rating on the shares. 

Of the 873 hedge funds tracked by Insider Monkey, 155 hedge funds have positions in Alphabet Inc. (NASDAQ:GOOG) in Q2, compared with 159 in the previous quarter. These stakes are valued at over $33.7 billion.  With shares worth $76.1 billion, Crake Asset Management is the company’s leading shareholder. 

Mawer Investment Management mentioned Alphabet Inc. (NASDAQ:GOOG) in its second-quarter 2021 investor letter. Here is what the firm has to say: 

“Many higher growth companies reported strong results amid the pick-up in broad economic activity including Alphabet. These higher growth companies tend to have increased sensitivity to a change in discount rates and were supported as long-term interest rates stabilized over the period.”