In this article, we discuss the top 5 stock picks of Boykin Curry’s Eagle Capital Management. If you want to skip our detailed analysis of these stocks, go directly to Top 10 Stock Picks of Boykin Curry’s Eagle Capital Management.
5. Comcast Corporation (NASDAQ:CMCSA)
Value of Eagle Capital Management’s Stake: $1.7 billion
Percentage of Eagle Capital Management’s 13F Portfolio: 4.84%
No. of Hedge Fund Holders: 84
Comcast Corporation (NASDAQ:CMCSA) runs a telecommunications business. According to the second fiscal quarter results, the company, which ranks fifth on our list of top 10 stock picks of Boykin Curry’s Eagle Capital Management, surpassed market expectations on earnings per share and revenue. Its revenue came in at $28.5 billion, generating an EPS of $0.84 versus analyst estimates of $0.67.
Curry’s Eagle Capital Management owns more than 29 million shares in Comcast Corporation (NASDAQ:CMCSA), representing 4.84% of the hedge fund’s holdings based on the latest security filings.
Out of the hedge funds tracked by Insider Monkey, First Eagle Investment Management is a leading shareholder in Comcast Corporation (NASDAQ:CMCSA) with more than 29 million shares worth $1.7 billion.
4. Amazon.com, Inc. (NASDAQ:AMZN)
Value of Eagle Capital Management’s Stake: $2.3 billion
Percentage of Eagle Capital Management’s 13F Portfolio: 6.56%
No. of Hedge Fund Holders: 271
Based on the Q2 13F filings, Curry’s Eagle Capital Management increased its stake in the company by 30% in the second quarter of 2021.
Codex Capital is the biggest stakeholder in Amazon.com, Inc. (NASDAQ:AMZN) as of the end of the second quarter of 2021, with 2,850 shares worth $9.8 billion. According to data maintained by Insider Monkey, 271 funds were bullish on Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter of 2021, compared to 243 in the previous quarter.
In the second quarter of 2021, Amazon.com, Inc. (NASDAQ:AMZN) reported an EPS of $15.12, beating estimates by $2.80.
Worm Capital mentioned Amazon.com, Inc. (NASDAQ:AMZN) in their Q3 2021 investor letter. Here is what the fund said:
“Our core portfolio as of this writing—TSLA, SPOT, SHOP, ABNB, and AMZN—are all premier examples of companies that use the concept of aggregation of marginal gains to continuously improve their value proposition for customers. After all, what is innovation if not just a continuous search for fractional advantages in business?
Amazon, for instance, accumulates marginal gains by compressing their costs year after year for consumers, creating an infrastructure and logistics network unrivaled by its peers. In the short-term, the market can often misunderstand the intentions of the “marginal gain accumulators,” but over time, their value-creation becomes obvious in hindsight.”
3. Facebook, Inc. (NASDAQ:FB)
Value of Eagle Capital Management’s Stake: $2.6 billion
Percentage of Eagle Capital Management’s 13F Portfolio: 7.37%
No. of Hedge Fund Holders: 266
Facebook, Inc. (NASDAQ:FB) is a technology company that provides online social networking services. It allows users to communicate and exchange information using mobile devices and PCs. The company’s main products are Facebook, Instagram, Messenger, WhatsApp, and Facebook Reality Labs. It is the most popular social media platform globally, with 2.89 billion monthly active members as of the second quarter of 2021.
At the end of the second quarter of 2021, 266 hedge funds in the database of Insider Monkey held stakes worth $42.3 billion in Facebook, Inc. (NASDAQ:FB), up from 257 the preceding quarter worth $40.9 billion.
In October, Ivan Feinseth of Tigress Financial gave a Strong Buy rating to Facebook, Inc. (NASDAQ:FB) stock and increased his price target to $466 from $430. Feinseth added that growth in digital advertising, continued transition to social commerce, and upgrading its applications with increased communications and e-commerce capability will all benefit Facebook.
Wedgewood Partners mentioned Facebook, Inc. (NASDAQ:FB) in its Q3 2021 investor letter. Here is what the fund said:
“Facebook detracted from performance despite posting a staggering +56% growth in advertising revenues. Much of the stock’s underperformance was driven by nonoperating concerns that we view as mostly political in nature. The Company’s digital properties command a massive audience of over 2.7 billion daily users, so any government or state actor would be able to wield tremendous power by controlling that audience and it should not be a surprise when those actors attempt to do that. However, Facebook has invested aggressively in its content curation capabilities that address many of the concerns raised by media and political critics. We continue to carry Facebook at our maximum weighting as the stock is trading in line with a market multiple despite unrivaled competitive positioning and rapid growth, representing one of the best risk-rewards available in the market.”
2. Microsoft Corporation (NASDAQ:MSFT)
Value of Eagle Capital Management’s Stake: $2.9 billion
Percentage of Eagle Capital Management’s 13F Portfolio: 8.19%
No. of Hedge Fund Holders: 238
Microsoft Corporation (NASDAQ:MSFT) is a technology company. It is ranked second on our list of top 10 stock picks of Boykin Curry’s Eagle Capital Management. The company produces computer software, consumer devices, and computers. By the end of the second quarter of 2021, 238 hedge funds out of the 873 tracked by Insider Monkey held stakes in Microsoft Corporation (NASDAQ:MSFT), worth roughly $62.5 billion. Our data shows that Ivy Lane Capital is the leading shareholder in the company, with 86,000 shares worth $23.3 billion.
1. Alphabet Inc. (NASDAQ:GOOG)
Value of Eagle Capital Management’s Stake: $3.2 billion
Percentage of Eagle Capital Management’s 13F Portfolio: 9.15%
No. of Hedge Fund Holders: 155
Alphabet Inc. (NASDAQ:GOOG), headquartered in Mountain View, California, is a technology company. In October 2015, it was formed as a result of a restructuring of Google. It is placed first on our list of top 10 stock picks of Boykin Curry’s Eagle Capital Management.
Eagle Capital Management decreased stake in Alphabet Inc. (NASDAQ:GOOG) by 4% during the second quarter of 2021 compared to the first quarter. At the end of the second quarter, 155 hedge funds tracked by Insider Monkey owned stakes in Alphabet Inc. (NASDAQ:GOOG). The total value of these stakes is $33.8 billion. This is compared to 159 hedge funds in the previous quarter that held stakes worth $29 billion in the firm.
Ensemble Capital mentioned Alphabet Inc. (NASDAQ:GOOG) in its Q3 2021 investor letter. Here is what the fund said:
“Google: The combination of COVID’s acceleration of digital advertising spending, much improved execution in its cloud business, and very strong double-digit economic growth have all come together to supercharge Alphabet’s growth this year, with second quarter revenue growth of 62%. Compared to the second quarter of 2019, revenue grew 26% compounded over the two years. The scale of growth at Google is incredible, adding $24 billion in sales in the quarter over the year ago period, substantially beating Wall Street expectations. YouTube was particularly strong with advertising revenue growth of 84% as consumer engagement growth was complemented by advertising dollars shifting online from traditional TV. In addition, the Cloud business has really shown strong, sustained momentum under the leadership of its CEO Tom Kurian, who has done a tremendous job in the business over the last three years. The stock rose 10% in the quarter and is up 54% year-to-date.”
You can also take a look at 10 Best Stocks to Buy According to Billionaire Ken Fisher and 10 Best Defensive Stocks to Buy Today According to Billionaire Ken Fisher
