Research>These Are Billionaires Favorite Tech Stocks
The Motley Fool analyzed 16 hedge funds run by billionaires to determine what the wealthiest investors are buying.
ByJack Caporal –Apr 16, 2024 at 6:39PM
Key Points
Big four: Alphabet, Meta, Nvidia, and Microsoft are the most common technology stocks in hedge funds managed by billionaires.
Chip craze: Semiconductor stocks are among the most popular types of technology stocks owned by billionaires.
Diversified holdings: Seventy-one different technology stocks are in the top tech holdings of the 16 hedge funds analyzed.
Motley Fool Issues Rare “All In” Buy Alert
Ken Griffin’s Citadel, Ray Dalio’s Bridgewater, Chase Coleman’s Tiger Global -- these and other billionaire-led hedge funds manage massive portfolios. Looking at these funds, it’s clear that billionaire investors have some favorite tech stocks but don’t always agree on how much of their portfolios they should devote to them.
Read on for a deep dive into which technology stocks billionaires are investing in.
Methodology
The Motley Fool analyzed 16 hedge funds run by billionaires to determine what the wealthiest investors are buying. Analysis is based on these funds’ 2023 Q4 Forms 13F.
The following funds are included in the analysis:
- Citadel (Ken Griffin)
- Renaissance Technologies (Jim Simons)
- Bridgewater Associates (Ray Dalio)
- Carl Icahn’s Personal Holdings (Carl Icahn)
- BlueCrest Capital Management (Michael Platt)
- Millennium Management (Israel Englander)
- Tiger Global Management (Chase Coleman)
- D.E. Shaw & Co. (David Shaw)
- Tudor Investment Corp. (Paul Tudor Jones)
- Coatue Management (Philippe Laffont)
- Two Sigma Investments (John Overdeck and David Siegel)
- The Children’s Investment Fund (Christopher Hohn)
- Soros Fund Management (George Soros)
- Caxton Associates (Bruce Kovner)
- Viking Global Investors (Andreas Halvorsen)
- Elliott Management (Paul Singer)
The top tech stocks billionaires are buying
The top tech stocks billionaires are buying
These are the technology stocks that appear in the top 10 tech holdings of more than one of the hedge funds analyzed:
| Stock | Number of Funds Stock Appears in Top 10 Tech Holdings |
|---|---|
| Alphabet* (NASDAQ:GOOG) (NASDAQ:GOOGL) | 11 |
| Meta Platforms (NASDAQ:META) | 11 |
| Nvidia (NASDAQ:NVDA) | 10 |
| Microsoft (NASDAQ:MSFT) | 10 |
| Salesforce (NYSE:CRM) | 6 |
| Apple (NASDAQ:AAPL) | 5 |
| Uber (NYSE:UBER) | 4 |
| Snowflake (NYSE:SNOW) | 4 |
| Advanced Micro Devices (NASDAQ:AMD) | 4 |
| Micron Technology (NASDAQ:MU) | 4 |
| Atlassian (NASDAQ:TEAM) | 3 |
| Workday (NASDAQ:WDAY) | 3 |
| General Electric (NYSE:GE)** | 3 |
| Western Digital Corporation (NASDAQ:WDC) | 3 |
| Take-Two Interactive Software (NASDAQ:TTWO) | 2 |
| Intuit (NASDAQ:INTU) | 2 |
| Lam Research (NASDAQ:LRCX) | 2 |
| Adobe (NASDAQ:ADBE) | 2 |
| Taiwan Semiconductor Manufacturing (NYSE:TSM) | 2 |
| Corpay (NYSE:CPAY) | 2 |
| Veeva Systems (NYSE:VEEV) | 2 |
| Pinterest (NYSE:PINS) | 2 |
| Splunk (NASDAQ:SPLK)*** | 2 |
| Oracle (NYSE:ORCL) | 2 |
| Cadence Design Systems (NASDAQ:CDNS) | 2 |
Alphabet, Meta, Nvidia, and Microsoft are clear favorites among billionaire-led hedge funds. Billions of dollars worth of shares of those stocks are held by some funds, including Citadel, Tiger, Philippe Lafonte’s Coatue Management, Israel Englander’s Millennium Management, David Shaw’s D.E. Shaw and Co., and Andreas Halvorsen’s Viking Global Investors.
Beyond the household name favorites, billionaires are invested in a range of tech stocks. Seventy-one different tech stocks appear in the top 10 tech holdings across the 18 funds analyzed.
Companies in the software and IT services industry accounted for 35 of those 71 stocks. Eleven are in the semiconductor space, with Nvidia, AMD, and Micron being the most popular.
The top tech stocks billionaires are investing in by hedge fund
Citadel
The top tech stocks held by Citadel
| Stock | Value of Shares | Total Shares | Percent of Portfolio |
|---|---|---|---|
| Nvidia | $1,799,146,641 | 3,633,025 | 1.8% |
| Microsoft | $1,594,704,415 | 4,240,784 | 1.6% |
| AMD | $885,324,265 | 6,005,863 | 0.9% |
| Meta | $869,014,629 | 2,455,121 | 0.9% |
| Micron Technology | $604,046,932 | 7,078,122 | 0.6% |
| Snowflake | $538,866,727 | 2,707,873 | 0.5% |
| Salesforce | $451,911,111 | 1,717,379 | 0.5% |
| Apple | $401,046,344 | 2,083,033 | 0.4% |
| Roblox (NYSE:RBLX) | $393,881,366 | 8,615,078 | 0.4% |
| Western Digital | $361,319,116 | 6,899,353 | 0.4% |
- Total value of all technology investments: $19.6 billion
- Percent of portfolio in technology stocks: 19.7%
Four of the top five stocks held by Ken Griffin’s Citadel are technology stocks, with the only exception being Amazon, the hedge fund’s third-largest holding.
Citadel’s portfolio includes more than 4,000 stocks and funds, so Nvidia, Microsoft, AMD, and Meta taking up between 1% to 2% each of the hedge fund’s holdings is significant.
Semiconductor companies occupy the first, third, and fifth place in Citadel’s tech holdings.
Otherwise, its top tech holdings are diversified within the sector, spread among juggernauts such as Microsoft and Apple, social media through Meta, entertainment through Roblox, data storage through Western Digital, and business solutions through Snowflake and Salesforce.
Renaissance Technologies
The top tech stocks held by Renaissance Technologies
| Stock | Value of Shares | Total Shares | Percent of Portfolio |
|---|---|---|---|
| Uber | $853,382,000 | 13,860,349 | 1.3% |
| Nvidia | $767,478,000 | 1,549,772 | 1.2% |
| Palantir (NYSE:PLTR) | $748,465,000 | 43,591,426 | 1.2% |
| Meta | $744,020,000 | 2,101,986 | 1.2% |
| VeriSign (NASDAQ:VRSN) | $627,249,000 | 3,045,490 | 1.0% |
| Alphabet* | $487,227,000 | 3,475,180 | 0.8% |
| CrowdStrike (NASDAQ:CRWD) | $450,891,000 | 1,765,983 | 0.7% |
| Apple | $435,137,000 | 2,260,097 | 0.7% |
| Atlassian | $386,742,000 | 1,625,923 | 0.6% |
| Zoom Video Communications (NASDAQ:ZM) | $352,226,000 | 4,898,148 | 0.5% |
- Total value of all tech investments: $13.7 billion
- Percent of portfolio in tech stocks: 21.1%
Uber is Jim Simons’ Renaissance Technology’s top tech holding and second-largest investment overall. The fund’s second- through fifth-largest holdings are all technology stocks.
Nvidia is the only semiconductor company to crack the Renaissance’s top 10 tech holdings.
Like Uber, Palantir, the firm’s third-largest investment, struggled for years to turn a profit. Both companies had a profitable year for the first time in 2023.
Renaissance is the only fund analyzed in this article to feature Palantir, as well as VeriSign, which provides domain name registry services and other Internet infrastructure, and the cybersecurity firm CrowdStrike in its top 10 technology stocks. Zoom is another top 10 tech holding unique to Renaissance.
Renaissance’s investments in its top 10 technology stocks is relatively evenly distributed relative to other funds analyzed.
Bridgewater
The top tech stocks held by Bridgewater Associates
| Stock | Value of Shares | Total Shares | Percent of Portfolio |
|---|---|---|---|
| Alphabet* | $285,587,405 | 2,044,437 | 1.6% |
| Meta | $235,758,244 | 666,059 | 1.3% |
| Nvidia | $132,961,123 | 268,489 | 0.7% |
| Veeva Systems | $86,794,754 | 450,835 | 0.5% |
| Microsoft | $74,355,141 | 197,732 | 0.4% |
| GE** | $49,030,468 | 384,161 | 0.3% |
| Uber | $43,042,848 | 699,088 | 0.2% |
| Corpay | $36,333,755 | 128,565 | 0.2% |
| ON Semiconductor Corporation (NASDAQ:ON) | $36,281,088 | 434,348 | 0.2% |
| Amdocs (NASDAQ:DOX) | $21,361,313 | 243,046 | 0.1% |
- Total value of all tech investments: $1.4 billion
- Percent of portfolio in tech stocks: 7.6%
Ray Dalio’s Bridgewater tilts its tech holdings toward Alphabet, Meta, and Nvidia. No other tech stock accounts for more than 0.5% of its portfolio (Veeva Systems makes up 0.49%).
Two semiconductor companies feature in Bridgewater’s top tech holdings: Nvidia and ON Semiconductor.
The rest of Bridgewater’s top tech investments are diverse within the sector, featuring life science cloud computing provider Veeva Systems, communications booster Amdocs, transport company Uber, conglomerate GE, and digital payment company Corpay.
BlueCrest Capital Management
The top tech stocks held by BlueCrest Capital Management
| Stock | Value of Shares | Total Shares | Percent of Portfolio |
|---|---|---|---|
| Wolfspeed (NYSE:WOLF) | $15,360,923 | 22,884,000 | 2.6% |
| Nvidia | $12,932,175 | 26,114 | 2.2% |
| Lumentum Holdings (NASDAQ:LITE) | $12,048,900 | 14,473,000 | 2.0% |
| Bentley Systems (NASDAQ:BSY) | $ 7,968,473 | 8,015,000 | 1.3% |
| Nova (NASDAQ:NVMI) | $ 5,959,710 | 9,000,000 | 1.0% |
| Oracle | $ 3,355,204 | 31,824 | 0.6% |
| Alphabet* | $ 1,421,206 | 10,174 | 0.2% |
| Salesforce | $ 1,225,969 | 4,659 | 0.2% |
| Clarivate (NYSE:CLVT) | $ 1,107,215 | 28,909 | 0.2% |
| GE** | $657,677 | 5,153 | 0.1% |
- Total value of all tech investments: $78.4 million
- Percent of portfolio in tech stocks: 13.1%
Michael Platt’s BlueCrest is top-heavy when it comes to its technology investments. Its top three tech picks take up 2% or more each of the fund’s entire portfolio, while the fund has much less conviction in the other tech stocks it holds.
Three of its top 10 tech holdings are in the semiconductor industry: Wolfspeed, Nvidia, and Nova. Nvidia has become a household name among investors. The other two may be less well known.
- Wolfspeed, BlueCrest’s top tech stock, specializes in the production of silicon carbide, which has applications in a range of electronics, including semiconductors.
- Nova produces metrology equipment used to manufacture semiconductors. Taiwan Semiconductor Manufacturing is one of its largest customers.
Millennium Management
The top tech stocks held by Millennium Management
| Stock | Value of Shares | Total Shares | Percent of Portfolio |
|---|---|---|---|
| Microsoft | $1,947,866,894 | 5,179,946 | 1.8% |
| Alphabet* | $1,562,592,606 | 11,143,701 | 1.5% |
| Apple | $1,122,877,124 | 5,832,219 | 1.1% |
| Nvidia | $1,021,559,625 | 2,062,840 | 1.0% |
| Meta | $719,706,868 | 2,033,300 | 0.7% |
| Western Digital | $549,021,995 | 10,483,521 | 0.5% |
| Micron Technologies | $536,638,743 | 6,288,244 | 0.5% |
| Oracle | $497,072,086 | 4,714,712 | 0.5% |
| Salesforce | $399,908,594 | 1,519,756 | 0.4% |
| Workday | $380,111,983 | 1,376,918 | 0.4% |
- Total value of all tech investments: $20.7 billion
- Percent of portfolio in tech stocks: 19.7%
Israel Englander’s Millennium Management’s top tech stocks are among the most well-known in the sector. Microsoft, Alphabet, Apple, Nvidia, and Meta make up its top five tech holdings.
More business-facing companies round out its top 10: Western Digital, Micron, Oracle, Salesforce, and Workday.
Tiger Global
The top tech stocks held by Tiger Global Management
| Stock | Value of Shares | Total Shares | Percent ofPortfolio |
|---|---|---|---|
| Meta | $2,642,360,600 | 7,465,139 | 18.8% |
| Microsoft | $2,009,619,807 | 5,344,165 | 14.3% |
| Take-Two Interactive | $829,886,205 | 5,156,174 | 5.9% |
| Alphabet* | $566,711,853 | 4,056,925 | 4.0% |
| Workday | $546,940,286 | 1,981,237 | 3.9% |
| Nvidia | $479,548,763 | 968,355 | 3.4% |
| NOW | $409,520,461 | 579,655 | 2.9% |
| Corpay | $368,436,114 | 1,303,691 | 2.6% |
| Taiwan Semiconductor Manufacturing | $316,678,960 | 3,044,990 | 2.3% |
| Lam Research | $315,640,465 | 402,983 | 2.2% |
- Total value of all tech investments: $9.8 billion
- Percent of portfolio in tech stocks: 69.8%
Tech stocks make up close to 70% of Chase Coleman’s Tiger Global Management. The fund is top-heavy, with 18.8% of its holdings invested in Meta and 14.3% invested in Microsoft.
It’s the largest investor in videogame developer Take-Two Interactive among the firms analyzed. Take-Two makes up 5.9% of Tiger Global’s portfolio.
Three semiconductor companies are among Tiger Global’s top 10 technology investments: Nvidia, TSM, and Lam Research.
D.E. Shaw & Co.
The top tech stocks held by D.E. Shaw & Co.
| Stock | Value of Shares | Total Shares | Percent of Portfolio |
|---|---|---|---|
| Microsoft | $2,568,939,070 | 6,831,558 | 3.7% |
| Apple | $1,986,452,533 | 10,317,626 | 2.9% |
| Nvidia | $1,861,273,475 | 3,758,478 | 2.7% |
| AMD | $1,367,788,793 | 9,278,806 | 2.0% |
| Meta | $993,649,609 | 2,807,237 | 1.4% |
| Uber | $886,123,136 | 14,392,125 | 1.3% |
| Alphabet* | $798,905,150 | 5,705,741 | 1.2% |
| Micron Technologies | $503,684,873 | 5,902,096 | 0.7% |
| Snapchat (NYSE:SNAP) | $377,401,454 | 227,347,102 | 0.5% |
| Zscaler (NASDAQ:ZS) | $365,519,004 | 65,166,453 | 0.5% |
- Total value of all tech investments: $21.8 billion
- Percent of portfolio in tech stocks: 31.6%
Nearly a third of David Shaw’s hedge fund, D.E. Shaw & Co., is composed of tech stocks. The firm’s top 10 tech holdings are known commodities. Microsoft commands nearly 4% of the fund’s entire portfolio, while Apple and Nvidia are close to accounting for another 3% each.
The fund’s other high-conviction technology stocks include AMD, Meta, Uber, Alphabet, Micron, Snapchat, and Zscaler. Shaw is the only fund analyzed to have Snapchat and Zscaler in its top 10 technology investments.
Tudor Investment Corp.
The top tech stocks held by Tudor Investment Corp.
| Stock | Value of Shares | Total Shares | Percent of Portfolio |
|---|---|---|---|
| Splunk* | $254,364,931 | 1,669,609 | 3.5% |
| Nvidia | $65,382,906 | 132,028 | 0.9% |
| Salesforce | $43,155,486 | 164,002 | 0.6% |
| Cadence Design Systems | $37,107,689 | 136,240 | 0.5% |
| Meta | $36,014,368 | 101,747 | 0.5% |
| Microsoft | $31,719,726 | 84,352 | 0.4% |
| Snowflake | $29,034,299 | 145,901 | 0.4% |
| TE Connectivity (NYSE:TEL) | $28,559,295 | 203,269 | 0.4% |
| Electronic Arts (NASDAQ:EA) | $27,334,364 | 199,798 | 0.4% |
| Check Point Software Technologies (NASDAQ:CHKP) | $24,924,480 | 163,129 | 0.3% |
- Total value of all tech investments: $1.49 billion
- Percent of portfolio in tech stocks: 20.7%
Paul Tudor Jones’ Tudor Investment Corp. distributes its tech investments relatively evenly. The only technology company that commands more than 0.9% of Tudor’s portfolio is Splunk, which was acquired by Cisco in March at $157 per share.
Tudor is bullish on semiconductors -- specifically Nvidia, its second-largest tech holding, and its fourth-largest tech investment, Cadence Design Systems, which helps companies such as Nvidia design chips.
The other technology sector stocks in Tudor’s top 10 are distributed among different industries, including social media through Meta, business software and data solutions through Salesforce and Snowflake, cybersecurity through Check Point Software, transportation sensors and connectivity through TE Connectivity, and video game development through Electronic Arts.
Coatue Management
The top tech stocks held by Coatue Management
| Stock | Value of Shares | Total Shares | Percent of Portfolio |
|---|---|---|---|
| Nvidia | $2,140,440,379 | 4,322,201 | 9.0% |
| Meta | $1,992,678,702 | 5,629,672 | 8.4% |
| AMD | $1,840,546,224 | 12,485,898 | 7.7% |
| Microsoft | $1,433,440,037 | 3,811,935 | 6.0% |
| Eaton Corporation (NYSE:ETN) | $960,015,684 | 3,986,445 | 4.0% |
| Adobe | $880,212,304 | 1,475,381 | 3.7% |
| Vertiv Holdings (NYSE:VRT) | $663,383,059 | 13,811,848 | 2.8% |
| Salesforce | $564,188,474 | 2,144,062 | 2.4% |
| Lam Research | $533,489,352 | 681,114 | 2.2% |
| Intuit | $482,110,015 | 771,339 | 2.0% |
- Total value of all tech investments: $15.1 billion
- Percent of portfolio in tech stocks: 63.6%
Philippe Laffont’s Coatue Management hedge fund is tilted toward technology stocks. They occupy the top three holdings in the fund and comprise seven of its top 10 investments.
Three of Coatue’s top 10 tech investments are semiconductor companies: Nvidia, its top holding; AMD, its third-largest holding; and Lam Research, its ninth-largest tech holding.
Coatue is relatively top-heavy. The fund’s top four tech holdings make up nearly a third of its total portfolio.
Two Sigma
The top tech stocks held by Two Sigma Investments
| Stock | Value of Shares | Total Shares | Percent of Portfolio |
|---|---|---|---|
| HP (NYSE:HPQ) | $322,563,433 | 15,287,611 | 0.8% |
| Microsoft | $279,210,452 | 742,502 | 0.7% |
| Nvidia | $275,700,364 | 556,723 | 0.7% |
| Micron Technologies | $274,823,133 | 3,220,332 | 0.7% |
| Apple | $265,929,175 | 1,381,235 | 0.6% |
| $262,694,310 | 7,092,179 | 0.6% | |
| Alphabet* | $254,875,580 | 1,824,580 | 0.6% |
| Meta | $251,203,288 | 709,694 | 0.6% |
| Snowflake | $241,841,317 | 1,215,283 | 0.6% |
| Block (NYSE:SQ) | $239,388,659 | 3,094,876 | 0.6% |
- Total value of all tech investments: $8.9 billion
- Percent of portfolio in tech stocks: 21.5%
Two Sigma Investments, led by billionaires John Overdeck and David Siegel, is extremely diversified, with nearly 3,000 investments. That’s reflected in the fairly even distribution of its top technology holdings.
Two Sigma’s top technology holdings are spread between hardware and software companies that are consumer- and business-facing. HP is its top tech investment, followed by Microsoft, Nvidia, and Micron.
It's the only fund analyzed in this article that features Block (formerly Square) in its top 10 technology holdings.
The Children’s Investment Fund
The top tech stocks held by The Children’s Investment Fund
| Stock | Value of Shares | Total Shares | Percent of Portfolio |
|---|---|---|---|
| GE* | $5,315,799,200 | 41,650,076 | 14.8% |
| Microsoft | $4,000,375,567 | 10,638,165 | 11.1% |
| Alphabet** | $2,407,517,208 | 17,084,456 | 6.7% |
- Total value of all tech investments: $11.7 billion
- Percent of portfolio in tech stocks: 32.6%
Christopher Hohn’s The Children’s Investment Fund holds 10 investments, three of which are in the technology sector. GE (before it spun off GE Verona, its energy business), is its top holding overall. Microsoft is its sixth-largest holding overall, and Alphabet (combined class A and C shares) is its seventh-largest investment.
Hohn has made waves in recent years by calling for Alphabet to pursue layoffs, even after the company let 6% of its employees go in early 2023.
Soros Fund Management
The top tech stocks held by Soros Fund Management
| Stock | Value of Shares | Total Shares | Percent of Portfolio |
|---|---|---|---|
| Splunk* | $240,713,152 | 1,580,001 | 8.7% |
| Alphabet** | $170,293,285 | 1,219,080 | 6.2% |
| Uber | $42,634,454 | 692,455 | 1.5% |
| Indie Semiconductor (NASDAQ:INDI) | $33,405,901 | 4,119,100 | 1.2% |
| Snowflake | $23,641,200 | 118,800 | 0.9% |
| Datadog (NASDAQ:DDOG) | $20,099,314 | 165,590 | 0.7% |
| Inuit | $17,759,602 | 28,414 | 0.6% |
| Atlassian | $13,474,055 | 56,647 | 0.5% |
| Clearwater Analytics Holdings (NYSE:CWAN) | $10,415,600 | 520,000 | 0.4% |
| Taiwan Semiconductor Manufacturing | $ 8,320,000 | 80,000 | 0.3% |
- Total value of all tech investments: $7.9 billion
- Percent of portfolio in tech stocks: 22%
George Soros' namesake fund is top-heavy when it comes to technology investments. It had a significant part of its portfolio tied up in Splunk prior to its acquisition by Cisco. Six percent of its holdings are invested in Alphabet. No other technology investment commands more than 1.5% of its portfolio.
Soros is bullish on companies that provide business-facing technology solutions, including Snowflake, Datadog, Atalassian, and Clearwater Analytics.
The fund also eschewed the popular Nvidia for the more niche Indie Semiconductor, which builds chips for advanced driver assistance systems used in vehicles.
Caxton Associates
The top tech stocks held by Caxton Associates
| Stock | Value of Shares | Total Shares | Percent of Portfolio |
|---|---|---|---|
| Microsoft | $145,100,299 | 385,864 | 7.4% |
| Adobe | $74,747,417 | 125,289 | 3.8% |
| Analog Devices (NASDAQ:ADI) | $71,481,600 | 360,000 | 3.7% |
| Alphabet* | $61,649,946 | 441,334 | 3.2% |
| Salesforce | $57,890,800 | 220,000 | 3.0% |
| Meta | $48,481,547 | 136,969 | 2.5% |
| Intel (NASDAQ:INTC) | $45,225,000 | 900,000 | 2.3% |
| Microchip Technology (NASDAQ:MCHP) | $36,072,000 | 400,000 | 1.9% |
| Cadence Design Systems | $24,513,300 | 90,000 | 1.3% |
| Autodesk (NASDAQ:ADSK) | $23,623,890 | 97,026 | 1.2% |
- Total value of all tech investments: $0.79 billion
- Percent of portfolio in tech stocks: 40.8%
Microsoft accounts for 7.4% of Bruce Kovner’s Caxton Associates’s technology investments -- nearly doubling its second-largest tech holding, Adobe.
Seven of the fund's 10 largest holdings overall are in the tech sector.
Three of Caxton’s top 10 tech investments are semiconductor companies:
- Analog Devices, which specializes in analog and power-control chips.
- Intel, a longstanding innovator in advanced semiconductors.
- Microchip Technology, which specializes in microcontrollers.
Viking Global
The top tech stocks held by Viking Global Investors
| Stock | Value of Shares | Total Shares | Percent of Portfolio |
|---|---|---|---|
| Workday | $1,133,701,951 | 4,106,723 | 4.2% |
| Meta | $1,058,918,417 | 2,991,633 | 3.9% |
| AMD | $698,339,987 | 4,737,399 | 2.6% |
| GE* | $649,176,977 | 5,086,398 | 2.4% |
| Alphabet** | $460,063,567 | 3,293,461 | 1.7% |
| Take-Two Interactive Software | $388,249,062 | 2,412,234 | 1.4% |
| Five9 (NASDAQ:FIVN) | $213,573,867 | 2,714,117 | 0.8% |
| Veeva Systems | $111,614,048 | 579,753 | 0.4% |
| EPAM Systems (NYSE:EPAM) | $109,631,637 | 368,708 | 0.4% |
| Atlassian | $103,694,116 | 435,946 | 0.4% |
- Total value of all tech investments: $5.0 billion
- Percent of portfolio in tech stocks: 18.4%
Andreas Halvorsen’s Viking Global Investors’ tech investments are somewhat top-heavy. Its top five tech holdings account for 80% of its technology portfolio.
Those top five technology investments are diversified among companies that largely operate in five different industries:
- Workday provides human resources software to businesses.
- Meta offers multiple social media products.
- AMD produces semiconductors.
- GE is a consumer goods conglomerate.
- Alphabet is a technology conglomerate.
Outside of Viking’s top five technology investments -- but still in its top 10 -- are two companies that don’t appear in other hedge funds’ top technology holdings:
- Five9, which provides cloud services to enable virtual call centers.
- EPAM Systems, a tech consulting company.
Elliott Management
The top tech stocks held by Elliott Management
| Stock | Value of Shares | Total Shares | Percent of Portfolio |
|---|---|---|---|
| $1,037,120,000 | 28,000,000 | 11.4% | |
| Palo Alto Networks (NASDAQ:PANW) | $518,820,318 | 175,000,000 | 5.7% |
| E2open Parent Holdings (NYSE:ETWO) | $119,627,500 | 27,250,000 | 1.3% |
| Match Group (NASDAQ:MTCH) | $109,500,000 | 3,000,000 | 1.2% |
| RingCentral (NYSE:RNG) | $71,567,310 | 82,500,000 | 0.8% |
| Western Digital | $62,058,450 | 1,185,000 | 0.7% |
| Unity Software (NYSE:U) | $39,098,550 | 47,000,000 | 0.4% |
| BILL Holdings (NYSE:BILL) | $37,490,435 | 45,000,000 | 0.4% |
| Rapid7 (NASDAQ:RPD) | $37,413,084 | 41,500,000 | 0.4% |
| Confluent (NASDAQ:CFLT) | $35,441,672 | 42,500,000 | 0.4% |
- Total value of all tech investments: $2.1 billion
- Percent of portfolio in tech stocks: 23.5%
Elliott Management, led by Paul Singer, is another fund that’s top-heavy when looking at its top 10 technology investments.
Pinterest accounts for nearly half of its technology portfolio, while Palo Alto Networks, a cybersecurity company, takes up about a quarter of its tech holdings.
The rest of its top 10 tech investments add up to roughly 5% of its overall portfolio and about a quarter of its technology portfolio.
How to invest in tech like a billionaire
While the world of hedge funds that manage billions of dollars worth of investments spread across thousands of assets can seem overwhelming, billionaires' investments in tech stocks follow a few patterns that everyday investors can model.
- Let winners run: The largest tech investments across many funds are well-known companies that have generated consistent, market-beating returns over multiple years. Funds are adding to or keeping large positions in those companies and not cashing out.
- Invest in what you know: In the top three tech investments in nearly every fund are companies with familiar names that run businesses that impact people’s everyday lives. Investors are always better off understanding the companies they’re investing in than guessing at their actual value.
- Diversify: Hedge funds run by billionaires hold hundreds or even thousands of investments. While the average investor isn’t likely to have a portfolio of that size, the lesson to take away is that some of the most successful investors believe in diversification -- big time.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jack Caporal has positions in Advanced Micro Devices, Apple, Datadog, Micron Technology, Microsoft, Pinterest, and Snowflake. The Motley Fool has positions in and recommends Adobe, Advanced Micro Devices, Alphabet, Amdocs, Apple, Atlassian, Autodesk, Bill Holdings, Block, Cadence Design Systems, Check Point Software Technologies, Cisco Systems, Confluent, CrowdStrike, Datadog, EPAM Systems, Five9, HP, Intuit, Lam Research, Match Group, Meta Platforms, Microsoft, Nvidia, Oracle, Palantir Technologies, Palo Alto Networks, Pinterest, Roblox, Salesforce, Snowflake, Taiwan Semiconductor Manufacturing, Take-Two Interactive Software, Uber Technologies, Unity Software, Veeva Systems, VeriSign, Wolfspeed, Workday, Zoom Video Communications, and Zscaler. The Motley Fool recommends Bentley Systems, Corpay, Electronic Arts, Intel, Lumentum, and ON Semiconductor and recommends the following options: long January 2025 $45 calls on Intel, long January 2026 $395 calls on Microsoft, short January 2026 $405 calls on Microsoft, and short May 2024 $47 calls on Intel. The Motley Fool has a disclosure policy.
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