5 Best Roth IRA Stocks To Buy According To Hedge Funds

In this article, we discuss the 5 best Roth IRA stocks to buy according to hedge funds. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Roth IRA Stocks To Buy According To Hedge Funds.

5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 138   

Apple Inc. (NASDAQ:AAPL) is perhaps the most famous technology company in the world. It recently announced a new lineup of laptops and phones. Both products are expected to drive the revenue for the company through the holiday season into the new year. However, supply chain issues could hit a part of the sales, according to market analysts. The company has also announced that it will be adding a much-requested health technology to the new AirPods, a flagship product of the firm.  

On October 19, investment advisory DA Davidson raised the price target on Apple Inc. (NASDAQ:AAPL) stock to $175 from $167 and kept a Buy rating on the shares, underlining that the products of the firm had benefited from the pandemic. 

At the end of the second quarter of 2021, 138 hedge funds in the database of Insider Monkey held stakes worth $145 billion in Apple Inc. (NASDAQ:AAPL), up from 127 in the preceding quarter worth $130 billion.

In its Q1 2021 investor letter, Distillate Capital, an asset management firm, highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) was one of them. Here is what the fund said:

“Apple is an even more notable situation and one that highlights our free cash valuation methodology and bears further discussion given its Q3 ‘20 sale from our strategy. For an extended period, Apple was extraordinarily inexpensive on a free cash flow basis and was the largest position in our strategy, exceeding 5% of the portfolio.”