Top 5 Stock Picks of Rob Cope’s Columbus Point

1. Microsoft Corporation (NASDAQ:MSFT)

Columbus Point Stake Value: $26,096,000
Percentage of Columbus Point’s 13F Portfolio: 12.42%
Number of Hedge Fund Holders: 250

Ken Fisher’s hedge fund Fisher Asset Management is the leading shareholder of Microsoft Corporation (NASDAQ:MSFT) with 25.52 million shares worth $7.20 billion.

Overall, hedge funds are loading up on Microsoft Corporation (NASDAQ:MSFT), as 250 out of the 867 funds tracked by Insider Monkey held stakes in the tech giant, compared to 238 funds out of the 873 funds a quarter earlier.

Baron Funds, in its third-quarter 2021 investor letter, mentioned Microsoft Corporation (NASDAQ:MSFT). Here is what the fund said:

“Shares of Microsoft Corporation, a cloud-software leader and provider of software productivity tools and infrastructure, rose during the quarter following a strong earnings report highlighting solid demand for its broad product stack and continued momentum migrating its business to the cloud. Microsoft’s results continued to be strong across the board, with total revenue beating Street estimates by 4.5%, an acceleration in Commercial Cloud revenue to 31% constant-currency growth, a four-point improvement in Commercial Cloud gross margins (to 70% from 66%), and GAAP earnings up 42%. We believe the company is positioned to deliver 13% to 15% organic growth over the next three years, underpinned by TAM expansion across its disruptive cloud product portfolio, as more companies look to transform and digitize their businesses, as well as strong operating leverage as its cloud products gain scale.”

You can also take a peek at 10 Top Stock Picks of Mario Gabelli and Cathie Wood Portfolio: Green Energy Stock Picks

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