Bloom Tree Partners’ founder and CEO is Alok Agrawal. After working at Tiger Management, he became an Investment Professional. Harvard Business School and the Indian Institute of Technology, Kanpur, where he earned a B.Tech in Computer Science. Bloom Tree Partners was founded in 2008 by Alok Agrawal, with funding provided by a mentor at Tiger Management. High-net-worth individuals and institutions can use the fund as a resource for investment advice. A few of the company’s more notable holdings include Microsoft Corporation, Amazon.com, and Facebook.
Insider Monkey discussed the 10 technology stock picks of Alok Agrawal’s Bloom Tree Partners portfolio. Salesforce.com, Inc. is a cloud-based enterprise software provider based in San Francisco, California. In addition to CRM, the company’s solutions include analytics, customer support, consultation, and application development. CRM is at the heart of everything the company does. During the same three-month period, the fund reduced its involvement in the company by 24%. In total, Bloom Tree Partners owned 8,233 shares of Amazon.com, Inc. worth $27.04 million, or 3.22 percent of the company’s portfolio. The stock of Uber Technologies, Inc. was maintained by Needham analyst Bernie McTernan as a Buy, with a price target of $77. This week, CEO Dara Khosrowshahi said that the company performed well on all fronts. For Meta Platforms, Inc., Loop Capital analyst Alan Gould kept a Buy rating but lowered his price target from $420 to $380. Gould speculated that the Metaverse could see an influx of funding in the years ahead. In the third quarter, 72 of the 867 hedge funds tracked by Insider Monkey owned a stake in Workday, Inc. As a result, Bloom Tree Partners reduced its ownership of the business by 16% during the most recent quarter. For more details, click Alok Agrawal’s Bloom Tree Partners Portfolio: Technology Stock Picks.