Top 5 Stock Picks of Girish Kumar’s TenCore Partners

2.    Alphabet Inc. (NASDAQ:GOOG)

Girish Kumar’s TenCore Partners’ Stake Value: $120,255,000

Percentage of Girish Kumar’s TenCore Partners’ 13F Portfolio: 16.61%

Number of Hedge Funds: 156

Stock Price as of December 31: $2,893.59

Alphabet Inc. (NASDAQ:GOOG) is the fourth member of the Big Five tech giants in TenCore Partners’ portfolio. The stock has been a part of Girish Kumar’s TenCore Partners’ portfolio every quarter since Q4 2019.

Hedge fund manager Dan Niles has also recommended Alphabet Inc. (NASDAQ:GOOG) as one of the few stocks to consider for investment in 2022. Although the hedge fund manager thinks the S&P 500 Index is trading at a high valuation and an interest rate increase by the Federal Reserve will result in a decline in the broader equity markets and the treasury market in 2022, he still believes that Alphabet Inc. (NASDAQ:GOOG) stock provides an upside for the investors. Meanwhile, Rohit Kulkarni, managing director at MKM Partners, considers Alphabet Inc’s decision to spin-off YouTube and take it public as a separate entity as one of the 10 Black Swan events for 2022.

RiverPark Funds mentioned Alphabet Inc. (NASDAQ:GOOG) in its Q3 2021 investor letter. Here’s what the firm said:

“Internet services leader Alphabet was also a top contributor for the quarter, hitting its all-time high on September 1. Fundamentals at the company remain stellar—the company reported its highest quarter ever for sales and profit in late July. The company reported secondquarter revenue of $62 billion, an increase of 62% year over year, which, when combined with strong expense controls, led to a tripling of operating income to $19 billion. The company experienced strong revenue growth across all its segments—Google Services (mostly Advertising) grew 63%, Google Cloud grew 54% and Other Bets grew 30%.

With its continued strength across its core Search and YouTube franchises and emerging strength in its still small Cloud business, we continue to view Alphabet as among the best-positioned secular growth franchises. Additionally, despite its strong performance this year, GOOG shares trade at a compelling 20x our 2022 EPS estimate (which includes earnings drags from losses in its Other Bets and Google Cloud segments, which lost a combined $2 billion last quarter), only a slight premium to the market.”