Here’s What Makes Alphabet (GOOG) a Great Investment Pick

Mayar Capital, an asset management firm, published its second-quarter 2022 investor letter – a copy of which can be downloaded here. For the three months ending March 31, 2021, Mayar Fund (Class A) was down 6.6% net of all expenses and fees, while the MSCI World Index declined by 5.2% in the same period. Since its inception in May 2011, Mayar Fund has seen a 198.7% increase versus a 180.9% increase for the MSCI. That corresponds to a 10.6% annualized rate of return for the Mayar Fund, compared to 10.1% for the MSCI. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.

In its Q2 2022 investor letter, Mayar Capital mentioned Alphabet Inc. (NASDAQ:GOOG) and explained its insights for the company. Founded in 2015, Alphabet Inc. (NASDAQ:GOOG) is a Mountain View, California-based multinational conglomerate company with a $1.5 trillion market capitalization. Alphabet Inc. (NASDAQ:GOOG) delivered a -15.32% return since the beginning of the year, while its 12-month returns are down by -10.77%. The stock closed at $122.51 per share on August 16, 2022.

Here is what Mayar Capital has to say about Alphabet Inc. (NASDAQ:GOOG) in its Q2 2022 investor letter:

“Our technology businesses enjoyed a strong year of operating performance – from Google. Google saw revenue growth of over 40% in the year, with operating profits growing above 90%; YouTube ended the year with higher viewership than Netflix – without the content costs. With its dominant position in online advertising, we continue to monitor regulatory risks for this business.”

Photo by Kai Wenzel on Unsplash

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 160 hedge fund portfolios at the end of the second quarter of 2022, compared to 158 funds in the previous quarter. Alphabet Inc. (NASDAQ:GOOG) delivered a 4.98% return in the past 3 months.

In July 2022, we also shared another hedge fund’s views on Alphabet Inc. (NASDAQ:GOOG) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q2 page.

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

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