Top 5 Stock Picks of Billionaire Louis Bacon

2. Microsoft Corporation (NASDAQ:MSFT)

Moore Global Investments’ stake value: $79 million

Percentage of Moore Global Investments’ portfolio: 1.58%

Number of hedge fund holders: 266

Microsoft Corporation (NASDAQ:MSFT) is among the favorite stocks of Louis Bacon’s hedge fund. The technology giant has generated double-digit financial growth in the past two years due to increasing demand for its products and services. Consequently, its share price appreciated sharply and the company returned hefty cash to shareholders in the form of dividends. Moreover, the company’s fundamentals appear strong with expectations for more than 15% revenue growth in the quarters ahead.

In the fourth quarter investor letter, Motiwala Capital, an investment management firm, mentioned a few stocks including Microsoft. Here is what Motiwala stated:

“Microsoft (NASDAQ:MSFT) re-enters our portfolio after a long gap. MSFT sells enterprise and consumer software products as well as hardware products such as the Xbox video game console and Surface laptops. All business segments experienced double-digit revenue growth and earnings per share have compounded in the mid-double digits over the last 5 years. We believe MSFT continues this momentum in the years ahead.”