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Microsoft vs Alphabet: You Won’t Believe This!

Wedgewood Partners, an investment management firm, is bullish on Alphabet Inc. (NASDAQ:GOOG) stock. Alphabet is outgrowing industry leaders in the cloud computing space. For the quarter ended December 31st, 2019, Wedgewood Partners fund recorded a return of 9.57%, compared to 10.62% of Russell 1000 Growth Index and 9.07% of S&P 500 Index. After dropping to mid-teens growth in the first quarter of the year (from the mid-20’s during 2018), shares sold off and provided an attractive opportunity to add to positions, given Alphabet’s history of tweaking its Google model and the associated short-term effects. Since then, advertising revenue growth has accelerated and is back to nearly 20% growth. In Q1 2020, the number of bullish hedge fund positions on Alphabet Inc. (NASDAQ:GOOG) stock decreased by about 1% from the previous quarter (see the chart here), so a number of other hedge fund managers don't seem to agree with Alphabet's growth potential.

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