Top 5 Stocks to Buy According to Charles Pollnow’s Triple Frond Partners

2. Alphabet Inc. (NASDAQ:GOOG)

Triple Frond Partner’s Stake Value: $123 million
Percent of Triple Frond Partner’s Portfolio: 13.35%
Number of Hedge Fund Holders: 155

Alphabet Inc. (NASDAQ:GOOG) is based in California and operates as an advertising company. Alphabet Inc. (NASDAQ:GOOG) has operations in the Americas, Middle East, Europe, and Asia. Alphabet Inc. (NASDAQ:GOOG) runs its operations in segments like Google Services, Google Cloud, and Other Bets.

In the Q2 of 2021, Triple Frond Partners owned 49,120 shares worth $123 million. Alphabet Inc. (NASDAQ:GOOG) accounts for 13.35% of the hedge fund’s portfolio of 13F securities.

In September 2021, Goldman Sachs initiated coverage of Alphabet (NASDAQ:GOOG) with a ‘Buy’ rating and a $3,350 price target.

In the Q2 2021 investor letter of Polen Capital, the fund mentioned Alphabet Inc. (NASDAQ: GOOG). Here is what the fund said:

“Alphabet was the top contributor to our return for the second consecutive quarter. The company has over $1 trillion market capitalizations. Yet, based on first quarter 2021 results, GOOG is currently still growing revenue at over 30% organically! Alphabet has generated earnings and intrinsic value growth for many years, driven largely by the mostly free services the company provide to people who can easily choose to stop using them and spend their time elsewhere.

That said, we are regularly asked about the perceived high regulatory risk around Alphabet. We examine risks to businesses and, in particular, regulatory risks through a lens of risk exposure versus actual risk. However, we do not believe risk exposure is the same as actual risk…” (Click here to see the full text)