5 Best Metaverse Stocks To Invest In

In this article, we will take a look at the 5  best metaverse stocks to invest in. To see more such companies, go directly to 11 Best Metaverse Stocks To Invest In.

5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135

Earlier this year, it was reported that Apple was working on a “mixed reality” AR headset which will allow users to have an immersive experience when using games, apps and software. According to Bloomberg, the headset will likely be named Reality Pro and could have a price tag of $3,000.

The device could be launched in June this year. The launch could cause metaverse developers to roll out several apps and games for Apple Inc. (NASDAQ:AAPL)’s headset, increasing Apple’s footprint in the industry.

As of the end of the fourth quarter of 2022, 135 hedge funds tracked by Insider Monkey had stakes in Apple Inc. (NASDAQ:AAPL). The biggest stakeholder of Apple Inc. (NASDAQ:AAPL) is Warren Buffett’s Berkshire Hathaway which owns an $116 billion stake in the company.

Here is what ClearBridge All Cap Growth Strategy has to say about Apple Inc.  (NASDAQ:AAPL) in its Q1 2023 investor letter:

“Reminiscent of the FAANG period of market leadership in recent years, performance was concentrated in a handful of the largest growth stocks in the benchmark. For example, Apple (NASDAQ:AAPL), Microsoft (MSFT) and Nvidia (NVDA) were responsible for close to half its total return (6.47%). Despite the Russell 3000 Growth Index losing nearly 29% in 2022 and underperforming its value counterpart by 2,100 bps, the benchmark remains extremely concentrated (Apple and Microsoft alone account for 22.4% of the index). Meanwhile, a tighter financing environment created by the Fed’s aggressive rate hike campaign, and worsened by the March failure of Silicon Valley Bank and Signature Bank (OTC:SBNY), hurt small cap companies the most (Exhibit 1) while health care stocks also trailed due to higher funding costs.

Despite limited mega cap exposure, the ClearBridge All Cap Growth Strategy held its own through the shift in market leadership. The combination of underweights to Apple and Microsoft, as well as the reclassification of payment providers PayPal (PYPL) and Visa (V) from IT to financials, caused the Strategy to finish the quarter close to 550 bps underweight IT. While diversification goals limit the Strategy from maintaining market weights in the index’s largest components, our positioning also reflects caution as we anticipate further multiple compression and earnings pressure among IT and shadow tech stocks due to exposure to economically-sensitive end markets.”