Top 5 Stock Picks of Gordon Malin’s Mountain Road Advisors

2. Alphabet Inc. (NASDAQ:GOOG)

Mountain Road Advisors Stake Value: $45,978,000
Percentage of Mountain Road Advisors’ 13F Portfolio: 8.98%
Number of Hedge Fund Holders: 190

Alphabet Inc. plans to invest $1 billion in Africa over the next five years. The funds will be used to help Africa’s digital revolution, which will cover anything from greater internet access to startup investment. Alphabet was in 190 hedge funds’ portfolios at the end of the second quarter of 2021, up from 185 hedge funds in our database at the end of the previous quarter.

Alger, an investment management firm, in its third-quarter 2021 investor letter, mentioned Alphabet Inc. (NASDAQ:GOOG). Here is what Alger has to say about the company:

“Alphabet Inc. was among the top contributors to performance during the third quarter. Alphabet is a leading internet search provider and is a beneficiary in the share shift of advertising dollars from traditional mediums like television, radio and newspapers to digital platforms. The company is a leader in implementing Al, autonomous vehicles and cloud computing it and owns the highly trafficked YouTube property. Alphabet contributed to performance due to a strong quarterly report highlighted by revenue growth that beat consensus expectations across segments. The company’s core search revenues have increased 10% over the past two years, with cloud computing increasing 8%. Results from YouTube also exceeded expectations. When discussing quarterly results, Alphabet management said retail, entertainment and travel were end markets that were particularly strong. The fixed cost structure of Alphabet’s search service resulted in profitability resulting from the increase in revenues being better than expected.”