Top 12 Stocks to Buy According to Bourgeon Capital

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders as of Q4: 234

Bourgeon Capital’s Equity Stake: $21.28 Million 

An American multinational technology conglomerate holding company, Alphabet Inc. (NASDAQ:GOOGL) ranks third among our top 12 stocks to buy according to Bourgeon Capital. Based in Mountain View, California, the company is the parent holding company of Google and several former Google subsidiaries.

In August 2015, Google announced the formation of a new parent company, Alphabet Inc. (NASDAQ:GOOGL), as part of a major corporate restructuring. Alphabet served as a holding company overseeing Google and its various subsidiaries, such as X Development, Calico, Nest, Verily, Fiber, CapitalG, and GV. This shift was aimed at streamlining Google’s core operations while allowing other ventures to operate more independently. The restructuring was intended to enhance management efficiency, increase transparency, and provide clearer oversight of Google’s expanding business portfolio.

At the 2025 World Government Summit in Dubai, Google & Alphabet CEO Sundar Pichai engaged in a virtual fireside chat with UAE Minister of State for AI, Digital Economy, and Remote Work Applications, H.E. Omar Al Olama. The discussion focused on Google’s AI-first approach, long-term investment in foundational technologies, and the cultural principles that fuel its innovation. Pichai highlighted AI-driven products like Maps, Search, and Android, which serve over 2 billion users, and Google’s progress with its Gemini models’ growth. Pichai also spoke about the safety record and expansion plans for Waymo, Google’s self-driving car initiative, emphasizing collaboration with regulators.

Oakmark Equity and Income Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOGL) in its Q4 2024 investor letter:

“Alphabet Inc. (NASDAQ:GOOGL) was the top contributor during the quarter. Despite ongoing litigation with the Department of Justice in its antitrust case, the U.S.-headquartered interactive media and services company’s stock price rose after posting solid third-quarter earnings. In the Search division, the company generated low-teens year-over-year revenue growth and management highlighted that they’re seeing strong user engagement with their new AI Overviews feature. The biggest upside surprise came from the Cloud division, where revenue growth accelerated to 35% and margins reached a record of 17%. This performance was driven by client demand for AI Infrastructure and Generative AI Solutions as well as core Google Cloud Platform (GCP) products. We continue to believe Alphabet is a collection of great businesses that can unlock further value over the long term through its world-class AI capabilities.”