Top 5 Technology Stocks to Buy According to Billionaire Cliff Asness

2. Microsoft Corp. (NASDAQ:MSFT)

AQR Capital Management’s Stake Value: $1,195,293,000

Percentage of AQR Capital Management’s 13F Portfolio: 2.7%

Number of Hedge Fund Holders: 258

Microsoft Corp. (NASDAQ:MSFT) retained its top spot as the most popular stock among hedge funds covered by Insider Monkey, with 258 hedge funds disclosing a stake in the company at the end of Q2, one less than the 259 that reported a stake at the end of the previous quarter. Also, billionaire Ken Fisher’s Fisher Asset Management increased its stake in the company by 3% to 28,694,382 shares and remained the hedge fund with the largest stake in Microsoft Corp. (NASDAQ:MSFT) at the end of Q2 among the 895 hedge funds we cover.

For the fourth quarter of its fiscal year 2022, Microsoft Corp. (NASDAQ:MSFT) reported earnings per share of $2.23 on revenue of $51.87 billion, missing analysts’ projections by $0.07 and $493.37 million, respectively. Nonetheless, most analysts covering the stock continue to remain bullish on it. On August 12, analysts at Guggenheim initiated coverage on Microsoft Corp.’s  (NASDAQ:MSFT) stock with a ‘Neutral’ rating and a $292 price target.