5 Best Performing Warren Buffett Stocks in 2023

4. Apple Inc. (NASDAQ:AAPL)

YTD Share Price Performance as of November 26: 51.89%

Berkshire Hathaway’s Stake Value: $156,753,093,002

Apple Inc. (NASDAQ:AAPL) is one of the best performing Warren Buffett stocks in 2023. In the third quarter, Warren Buffett held 915.5 million shares of Apple Inc. (NASDAQ:AAPL) worth $156.75 billion. It is the biggest holding of Buffett, representing 50.03% of the portfolio. 

On November 24, Wedbush analyst Dan Ives maintained an Outperform rating on Apple Inc. (NASDAQ:AAPL) stock with a $240 price target. The analyst noted that demand for the iPhone 15 in China is consistently strong, with no significant negative revisions to production. Despite the U.S. being a positive market for Apple and the iPhone 15 launch, China is expected to contribute significantly to the tech giant’s success, according to the analyst. 

According to Insider Monkey’s third quarter database, 134 hedge funds were bullish on Apple Inc. (NASDAQ:AAPL), compared to 135 funds in the prior quarter. Ken Fisher’s Fisher Asset Management is a prominent stakeholder of the company, with 53.6 million shares worth over $9 billion. 

RiverPark Advisors made the following comment about Apple Inc. (NASDAQ:AAPL) in its Q3 2023 investor letter:

“Apple Inc. (NASDAQ:AAPL): Apple shares were a top detractor in the quarter following reports of the Chinese government banning iPhone use by government employees. Additionally, while the iPhone 15 rollout went generally as expected, the market was underwhelmed by the upgrades in the new phone. Despite these overhangs, early reports from the supply chain seem to indicate demand for the new phone is in line with or better than investor expectations. In August, the company reported a broadly in-line fiscal 3Q23 with $82 billion of revenue and $24 billion of free cash flow. High margin Services Revenue continues to grow faster than the overall business leading to gross and operating margin expansion.

With an installed base of 2 billion active devices and significant growth of the company’s recurring revenue Services segment (now 18% of revenue), we believe that Apple remains one of the most innovative, best positioned and most profitable companies in the mobile technology industry.”