7 Top Stocks Most Bought by Hedge Funds in 2021

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5. Alphabet (GOOG, GOOGL)

The pandemic sparked a surge in online activity, which was great news for Alphabet’s YouTube video streaming service and online advertising business. Last year, Google’s parent company saw a 12.7 percent increase in revenue and a 17.2 percent increase in net income, while its stock rose 30.8 percent. In 2021, Alphabet remains a top hedge fund holding. Alphabet’s long history of innovation and growth is expected to continue, according to fund managers. Fisher was one of the fund managers who bought GOOGL stock in the fourth quarter, and he now owns 1.67 million shares worth $3.5 billion in Alphabet.


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