In this article, we discuss the top 5 tech stock picks of Amir Mokari’s Emerson Point Capital. If you want to read our detailed analysis of the topic, go directly to read the Top Tech Stock Picks of Amir Mokari’s Emerson Point Capital.
5. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 250
Insider Monkey’s Q3 data shows that hedge funds remained bullish on Microsoft Corporation (NASDAQ:MSFT), a multinational technology company. In Q3, 250 hedge funds tracked by Insider Monkey held stakes in the company, up from 238 in the previous quarter. The total value of these stakes is over $65.8 billion.
On October 29, Microsoft Corporation (NASDAQ:MSFT) announced its fiscal Q1 2022 results and reported revenue of $45.3 billion, up 21.8% from the prior-year quarter. Recently, Wells Fargo initiated its coverage on Microsoft Corporation (NASDAQ:MSFT) with an Overweight rating and a $400 price target. The firm’s analyst noted that the company still has a bright future ahead as it has continued growth opportunities in its IT sector.
As of Q3, Emerson Point Capital owns 72,202 shares in Microsoft Corporation (NASDAQ:MSFT), valued at over $20.5 million. The company accounts for 3.05% of the hedge fund’s 13F portfolio.
Polen Capital mentioned Microsoft Corporation (NASDAQ:MSFT) in its Q3 2021 investor letter. Here is what the investment management firm has to say:
“After modest Portfolio activity during the second quarter of 2021, activity increased during the third quarter. We would broadly characterize the various trades into two objectives: 1) managing risk, and 2) managing valuation. In both cases, we aimed to maintain the Portfolio’s growth profile. In aggregate, we believe we were able to increase expected earnings growth while reducing risk and the overall portfolio valuation… We also trimmed Microsoft, which had grown to nearly 10% of the Portfolio. At an 8% weighting, it still represents one of our largest positions.”