Tao Value, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. A return of -4.82 percentage points was delivered by the fund for the fourth quarter of 2021, underperforming its benchmark, the MSCI All Country World Index which delivered +6.98 percentage points for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
Tao Value, in its Q4 2021 investor letter, mentioned Alphabet Inc. (NASDAQ:GOOG) and discussed its stance on the firm. Founded in 2015, Alphabet Inc. (NASDAQ:GOOG) is a Mountain View, California-based multinational technology conglomerate holding company with a $1.8 trillion market capitalization, and is currently spearheaded by its CEO, Sundar Pichai. Alphabet Inc. (NASDAQ:GOOG) delivered a -5.45% return since the beginning of the year, while its 12-month returns are up by 34.21%. The stock closed at $2,736.03 per share on March 18, 2022.
Here is what Tao Value has to say about Alphabet Inc. (NASDAQ:GOOG) in its Q4 2021 investor letter:
“Our top contributors this quarters included Yet Alphabet (NASDAQ:GOOG), adding 125 bps respectively. As of the end of this quarter, our top 3 positions also includes Alphabet (NASDAQ:GOOG). Alphabet (NASDAQ:GOOG) seemed to defy such impact and still delivered strong results, beating both revenue & earnings expectations.”
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Our calculations show that Alphabet Inc. (NASDAQ:GOOG) ranks 5th on our list of the 30 Most Popular Stocks Among Hedge Funds. Alphabet Inc. (NASDAQ:GOOG) was in 158 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 156 funds in the previous quarter. Alphabet Inc. (NASDAQ:GOOG) delivered a -3.93% return in the past 3 months.
In March 2022, we published an article that includes Alphabet Inc. (NASDAQ:GOOG) in the 10 Stocks to Buy Today According to Jed Nussdorf’s Soapstone Capital. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.
Disclosure: None. This article is originally published at Insider Monkey.
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