In this article, we discuss the top 5 stock picks of Ronald Hua’s QTRON Investments based on its Q3 2021 portfolio and evaluate its performance based on the return of its holdings over the past 12 months. If you want to read our detailed analysis of Ronald Hua’s history, investment philosophy, and hedge fund performance, go directly to Was Ronald Hua’s QTRON Investments Right About These 10 Stocks?.
5. Alphabet Inc. (NASDAQ:GOOG)
QTRON Investments’ Stake Value: $6.25 million
Percentage of QTRON Investments’ 13F Portfolio: 1.68%
GOOG’s Performance Over the Past 12 Months as of November 19: -34%
Alphabet Inc. (NASDAQ:GOOG) is a collection of businesses, the largest of which is Google.
By the end of September, 156 funds out of the 867 tracked by Insider Monkey had stakes in Alphabet Inc. (NASDAQ:GOOG), up from 155 in the previous quarter. The company represents 1.68% of the total investment portfolio of the hedge fund at the end of the third quarter of 2021.
On October 27, Oppenheimer increased its price target on Alphabet Inc. (NASDAQ:GOOG) and the stock was given an Outperform rating.
Saturna Capital, in its Q3 2021 investor letter, mentioned Alphabet Inc. (NASDAQ:GOOG). Here is what the fund said:
“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.”
4. Amazon.com, Inc. (NASDAQ:AMZN)
QTRON Investments’ Stake Value: $10.4 million
Percentage of QTRON Investments’ 13F Portfolio: 2.79%
AMZN’s Performance Over the Past 12 Months as of November 19: -48%
Incorporated in the year 1994 in the state of Washington and reincorporated in 1996 in the state of Delaware, Amazon.com, Inc. (NASDAQ:AMZN) is a leading online retailer and an American multinational technology company. The company is one of the highest-grossing e-commerce aggregators.
At the end of the third quarter of 2021, the company represents 2.79% of the total investment portfolio of the hedge fund. Bank of America analyst Justin Post gave a Buy rating on Amazon.com, Inc. (NASDAQ:AMZN) with a price target of $4,250, saying that the tech giant continues to gain online market share.
At the end of the third quarter of 2021, 242 funds out of the 867 tracked by Insider Monkey held stakes worth $42.5 billion, down from 271 in the preceding quarter worth $60.4 billion.
Davis Funds, an investment management firm, published its Q3 2021 investor letter and mentioned Amazon.com, Inc. (NASDAQ:AMZN). Here is what the fund has to say about the company:
“E-commerce, online search and advertising, social media and software are another component of the portfolio that have proven, attractive businesses. The online portion of the Fund is currently dominated by such market leaders as Amazon.com. We are attracted to these names based on the size and rapid expansion of their market opportunities globally, their ability to generate and grow new revenue sources through constant innovation, ample operating leverage as they continue to scale and capable, focused, highly competitive leadership teams. If purchased at sensible prices, these types of businesses in our experience can contribute meaningfully to long-term results.”
3. Microsoft Corporation (NASDAQ:MSFT)
QTRON Investments’ Stake Value: $14.6 million
Percentage of QTRON Investments’ 13F Portfolio: 3.92%
MSFT’s Performance Over the Past 12 Months as of November 19: -29%
Microsoft Corporation (NASDAQ:MSFT) is engaged in the business of developing and licensing consumer and enterprise software. The company is famous for its Windows operating systems and Office productivity suite. The company, with a market cap of $2.57 trillion, is third on our list of top 10 stock picks of Ronald Hua’s QTRON Investments. At the end of the third quarter of 2021, the company made 3.92% of the total investment portfolio of the hedge fund.
At the end of the third quarter of 2021, 250 funds out of the 867 tracked by Insider Monkey held stakes worth $65.8 billion, up from 238 in the preceding quarter worth $62.4 billion.
Wedbush analyst Dan Ives has given a price target of $375 and has an Outperform rating on the stock of Microsoft Corporation (NASDAQ:MSFT).
In its third quarter 2021 investor letter, Baron Funds, an asset management firm, mentioned a few stocks and Microsoft Corporation (NASDAQ:MSFT) was one of them. Here is what the fund has to say:
“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.”
2. Apple Inc. (NASDAQ:AAPL)
QTRON Investments’ Stake Value: $16.7 million
Percentage of QTRON Investments’ 13F Portfolio: 4.5%
Apple’s Performance Over the Past 12 Months as of November 19: -5.7%
Established in 1977, Apple Inc. (NASDAQ:AAPL) is a leading consumer electronics and personal computer company in the world. The company is engaged in the business of designing, manufacturing and marketing smartphones, personal computers, tablets, wearables, and accessories. The company is second on our list of top 10 stock picks of Ronald Hua’s QTRON Investments. At the end of the third quarter of 2021, the company represents 4.5% of the total investment portfolio of the hedge fund.
According to the 13F Filings for the third quarter of 2021, the hedge fund managed by Ronald Hua holds 118,229 shares in the company.
Morgan Stanley analyst Katy Huberty kept an Overweight rating on Apple Inc. (NASDAQ:AAPL) and increased its price target to $200 from $165, applauding the company’s iPhone sales and App Store activity.
At the end of the third quarter of 2021, 120 funds out of the 867 tracked by Insider Monkey held stakes worth $146 billion.
1. Alibaba Group Holding Limited (NYSE:BABA)
QTRON Investments’ Stake Value: $22.2 million
Percentage of QTRON Investments’ 13F Portfolio: 5.97%
Alibaba’s Performance Over the Past 12 Months as of November 19: -42%
Ranked first on the list of top 10 stock picks of Ronald Hua’s QTRON Investments is Alibaba Group Holding Limited (NSYE:BABA). It is the largest online and mobile commerce company in the world. The company is engaged in operating China’s online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer).
According to the 13F Filings for the third quarter of 2021, Alibaba Group Holding Limited (NYSE:BABA) represents 5.97% of the total investment portfolio. By the end of September, 115 hedge funds tracked by Insider Monkey held positions in Alibaba Group Holdings Limited (NYSE:BABA). These stakes are valued at $10.2 billion. In the quarter ended September, Alibaba Group Holding Limited (NYSE:BABA) posted EPS of $1.76, missing the estimates by $0.19.
CLSA analyst Elinor Leung kept the buy rating on Alibaba Group Holding Limited (NYSE:BABA), but decreased the price target to $250 from $273. The analyst believes in the company’s strategic investments.
Baron Funds, an asset management firm, published its third-quarter 2021 investor letter and mentioned Alibaba Group Holding Limited (NYSE:BABA). Here is what the fund has to say:
“Alibaba Group Holding Limited is the largest retailer and e-commerce company in China. Alibaba operates shopping platforms Taobao and T-Mall and owns 33% of Ant Group, which operates Alipay, China’s largest thirdparty online payment provider. Shares of Alibaba were down given crackdowns by Chinese regulators on various aspects of digital technology and consumer data, as President Xi and the Chinese Communist Party seek to seize greater control of social discourse and consumer data and curb monopolistic behavior. We decreased our Alibaba weighting in light of this uncertainty. Despite the uncertain environment, we do retain conviction that Alibaba will benefit from rapid growth in cloud services, logistics, and digital retail.”
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