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Highlights
- Investors often seek inspiration from billionaires and regularly keep a close watch on what they are doing with their money.
- Study of billionaires’ investment in stocks, or those which they are selling off, can be enlightening for retail investors.
Investors often seek inspiration from billionaires and often keep a close watch on what they are doing with their money. Studying which stocks billionaires such as hedge funds and advisories are investing in with their capital or which stocks they are selling off can be enlightening for retail investors.
Here are the top tech stock picks of billionaires. In all cases, these companies or individuals represent major holdings. In many cases, these tech stocks may be owned by more than one billionaire.
Global tech stocks billionaires love
Apple Inc (NASDAQ:AAPL)
Apple Inc. is a multinational technology provider which specialises in computer software, online services as well as consumer electronics. The company’s current market cap stands at US$2,582.74 billion.
Camden Capital, a top-class investment advisor, accounts for a 10.4% share in Apple’s shareholdings. Camden Capital initially invested in Apple in Q4 2019.
Microsoft Corp (NASDAQ:MSFT)
Microsoft is a technology firm engaged in providing consumer electronics, computer software, personal computers, and associated services. The market cap of the company currently stands at US$2,222.23 billion.
Microsoft is an obvious tech stock pick for most institutional investors. The company gains most of its revenues from the sales of its Windows operating system and cloud-based services to both individuals and businesses.
Skye Global Management, a US-based hedge fund, is a noteworthy investor in Microsoft with 19.9% of the portfolio. Skye first purchased MSFT stock in 2017.
Adobe Inc (NASDAQ:ADBE)
Adobe is a provider of computer software solutions for individuals and businesses. The company’s market cap stands at US$313.91 billion.
Suvretta Capital Management has been a key investor in Adobe since 2013. It accounts for a top holding at 5.6% of the equity portfolio. It owns 634,813 shares worth $371.8 million as of Q2 2021.
Cisco Systems Inc (NASDAQ:CSCO)
Cisco Systems is a global company engaged in manufacturing and selling networking hardware, telecommunications equipment, software, etc. The company’s market cap stands at US$244.4 billion.
Generation Investment Management, the UK-based advisory co-founded by former Vice President Al Gore, purchased over 18 million shares of Cisco in 2020. The company accounts for 3.9% of its assets.
Salesforce.com (NYSE:CRM)
Salesforce.com is a provider of customer relationship management services and enterprise applications. The market cap of the company stood at US$251.79 billion. In December 2020, the company acquired Slack Technologies, a software-as-a-service (SaaS) company, in a US$27.7 billion deal.
Meritage Group, a US-based hedge fund, accounted for 11.3% of Salesforce.com’s shareholding. The company owns a total of 2.5 million shares of Salesforce.com.
UK tech stocks
AVEVA Group Plc (LON: AVV)
AVEVA Group is an international IT consulting firm that specialises in developing and publishing engineering software for use across the chemical, pharma, oil & gas, and utility sectors. The shares of the company traded flat at GBX 4,036.00 at 8:30 AM on 13 September 2021, and the market cap stood at £12,156.10 million.
Recently, the company launched an employee development solution, AVEVA Unified Learning, that is available through AVEVA Connect cloud platform to transform organisational training.
For the period 1 April 2021 to 30 June 2021, AVEVA recorded revenue growth of 11% year-on-year.
Standard Life Investments Ltd., with 2.12% of the AVEVA’s assets, features among the top stakeholders of the company.
Wise Plc (LON: WISE)
Wise is engaged in designing and developing financial technology software solutions. The shares of the company traded flat at GBX 1,021.0 at 9:08 AM on 13 September 2021, and the market cap stood at £10,159.74 million.
For Q1 FY2022, Wise recorded revenues of £123.5 million, representing a growth of 43% year-on-year compared to Q1 FY2021.
Kristo Käärmann, the CEO and co-founder of Wise, currently owns 18.8% of Wise’s shares outstanding.
Sage Group Plc (LON: SGE)
Sage Group is a leading international developer of management software for small and medium enterprises. The shares of the company traded at GBX 746.80, up by 0.65% at 9:29 AM on 13 September 2021, and the market cap stood at £7,798.87 million.
For the nine months ended 30 June 2021, Sage Group’s revenue stood at £1,329 million compared to £1,296 million for the same period in 2020. The company’s cash and available liquidity stood at £1.3 billion.
FIL Investment Advisors (UK) Ltd., with 5.73% of Sage’s assets, features among the several fund managers that have Sage Group as their top tech stock picks.
Avast Plc (LON: AVST)
Avast is one of the leading global cybersecurity company. The shares of the company traded at GBX 586.00, down by 0.58% at 10:23 AM on 13 September 2021, and the market cap stood at £6095.89 million.
For H1 2021 ended 30 June 2021, Avast recorded revenue of $471.3 million, an increase of 8.8% year-on-year, and adjusted EBITDA of $270.2 million, representing an increase of 11.9%.
Avast announced a final dividend for 2020 of 11.2 cents per share, a total dividend of 16.0 cents per share, and an interim dividend of 4.8 cents per share payable in October 2021.
Pavel Baudis is the Co-Founder of Avast and owns 24.9% of Avast’s shares outstanding. Schroder Investment Management Ltd holds 6.13% shares of the company.
Softcat Plc (LON: SCT)
Softcat is the UK-based provider of IT infrastructure technology and services. The shares of the company traded at GBX 2,190.00, down by 0.64% at 10:31 AM on 13 September 2021, and the market cap stood at £4,386.88 million.
For the H1 ended 31 January 202, Softcat revenues grew by 10.1% year-on-year to reach £577.0 million compared to £524.1 million. For the same period, the company announced an interim dividend of 6.4 pence per share to shareholders.
Peter Kelly is the founder of Softcat. He currently owns 32.6% of Softcat’s assets. Mawer Investment Management Ltd is one of the major investors in the company, with around a 5% stake.
