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Is Alphabet Inc. (GOOG) A Good Investment?

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·3 min read
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L1 Capital, an investment management firm, published its ‘L1 Capital International Fund’ first quarter 2021 investor letter – a copy of which can be downloaded here. A net return of 15% was recorded by the fund outperforming the benchmark by 8.7%. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

L1 Capital International Fund, in its Q1 2021 investor letter, mentioned Alphabet Inc. (NASDAQ: GOOG), and shared their insights on the company. Alphabet Inc. is a California-based multinational conglomerate company that currently has a $1.58 trillion market capitalization. Since the beginning of the year, GOOG delivered a 35.93% return, extending its 12-month gains to 71.52%. As of May 06, 2021, the stock closed at $2,381.35 per share.

Here is what L1 Capital International Fund has to say about Alphabet Inc. in its Q1 2021 investor letter:

"Long term followers of the Fund will be aware that we have held investments in some of the leading global technology businesses since inception of the fund. Alphabet’s (Google) share price increased by 18% during the quarter as advertising continued to recover."

GongTo/Shutterstock.com

Our calculations show that Alphabet Inc. (NASDAQ: GOOG) ranks 6th in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Alphabet Inc. was in 157 hedge fund portfolios, compared to 150 funds in the third quarter. GOOG delivered a 13.51% return in the past 3 months.

The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 15 best innovative stocks to buy to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:

Disclosure: None. This article is originally published at Insider Monkey.