15 Dow Stocks Listed and Ranked By 2022 Hedge Fund Bullishness Index

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3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 131 

Apple Inc. (NASDAQ:AAPL) was a popular stock among investors in the first quarter of 2022, as 131 hedge funds owned $182 billion worth of shares in the company. This was in comparison to 134 hedge funds in the previous quarter with aggregate positions worth $186 billion. Warren Buffett’s Berkshire Hathaway held a gigantic $155 billion stake in Apple Inc. (NASDAQ:AAPL) consisting of 890 million shares, making it the firm’s largest Q1 shareholder.

Here is what Weitz Investment Management had to say about Apple Inc. (NASDAQ:AAPL) in its Q1 2022 investor letter:

“Changes to Apple’s (NASDAQ:AAPL) mobile operating system have temporarily impacted growth of Meta’s advertising business just as the company’s investments in Instagram’s “Reels” feature ramp ahead of full monetization. (Shareholders can read research analyst Jon Baker’s in-depth discussion of current events impacting Meta and reasons why we’re optimistic about the company in our recent Analyst Corner feature.) CoreCard (formerly Intelligent Systems) struggled early in the fiscal year to hire and train staff to handle growth from new and existing clients. Lately, Apple-related headlines also took a bite out of CoreCard shares, as reports suggest Apple is exploring a transition of its credit card and other financial services to internally built solutions. Such a move would create revenue headwinds for its partners, which CoreCard is widely believed to be. We are monitoring these developments and stress-testing our model accordingly.”

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