Top 5 Stock Picks of John Armitage’s Egerton Capital

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1. Alphabet Inc. (NASDAQ:GOOG)

Egerton Capital’s Stake Value: $2,276,913,000

Percentage of Egerton Capital’s 13F Portfolio: 10.82%

Number of Hedge Fund Holders: 156

Egerton Capital owns 854,277 Alphabet Inc. (NASDAQ:GOOG) shares as of the third quarter of 2021, worth $2.27 billion, representing 10.82% of the fund’s 13F securities. Alphabet Inc. (NASDAQ:GOOG) is the largest holding in John Armitage’s Q3 portfolio. 

Alphabet Inc. (NASDAQ:GOOG) announced on January 4 that given Google Cloud’s commitment to advancing invisible security and democratizing security operations for organizations, Alphabet Inc. (NASDAQ:GOOG) has acquired Siemplify, a leading security orchestration, automation, and response provider. Siemplify will join Google Cloud’s security team to help companies better manage their threat response.

Observing the company’s increasing focus on artificial intelligence and consequent product innovation, Tigress Financial analyst Ivan Feinseth on December 3 raised the price target on Alphabet Inc. (NASDAQ:GOOG) to $3,540 from $3,185 and reiterated a Strong Buy rating on the shares. 

156 hedge funds were bullish on Alphabet Inc. (NASDAQ:GOOG) in the third quarter, holding stakes worth approximately $35 billion. Harris Associates is one of the leading Alphabet Inc. (NASDAQ:GOOG) stakeholders, with a $5 billion position in the company. 

On October 26, Alphabet Inc. (NASDAQ:GOOG) announced its Q3 earnings, posting an EPS of $27.99, outperforming estimates by $4.75. 

Here is what Saturna Capital Amana Funds has to say about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2021 investor letter:

“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.”

You can also take a look at 10 Healthcare Stocks to Buy According to Tiger Cub Chase Coleman and 10 Key Quarterly Reports to Watch.

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