Top 5 Stock Picks of Anand Parekh’s Alyeska Investment Group

2. Alphabet Inc. (NASDAQ:GOOG)

Alyeska Investment Group’s Stake Value: $143.4 million
Percentage of Alyeska Investment Group’s 13F Portfolio: 1.81%
No. of Hedge Fund Holders: 156

Ranked second on our list of top 10 stock picks of Anand Parekh’s Alyeska Investment Group is Alphabet Inc. (NASDAQ:GOOG), which is a collection of businesses.

At the end of the third quarter of 2021, 156 hedge funds in the database of Insider Monkey held stakes worth $34.9 billion in Alphabet Inc. (NASDAQ:GOOG). At the end of the third quarter of 2021, the company represents 1.81% of the total investment portfolio of the hedge fund.

Oppenheimer increased its price target on Alphabet Inc. (NASDAQ:GOOG) from $3,000.00 to $3,500.00. It gave an “Outperform” rating on the stock.

Saturna Capital, an investment management firm, released its 3Q21 investor letter and mentioned Alphabet Inc. (NASDAQ:GOOG). Here is what the fund said:

Alphabet was a new addition to the Fund this year, as we believed it important to have exposure to the top online media and advertising company in the world. Some have raised concerns surrounding Alphabet’s exposure to political interference, but we take comfort from the belief that were the company to be broken up, it would quite likely be worth even more than as a single entity.”