5 Best Stocks To Buy According To Jay Genzer’s Thames Capital Management

2. Apple Inc. (NASDAQ:AAPL)

Thames Capital Management’s Stake Value: $24.9 million
Percentage of Thames Capital Management’s 13F Portfolio: 5.86%
Number of Hedge Fund Holders: 138

Apple Inc. (NASDAQ:AAPL) is placed second on our list of the 10 best stocks to invest in according to Jay Genzer’s Thames Capital Management. The California-based company operates as a technology firm with a large stake in the consumer electronics business.

On October 8, Morgan Stanley analyst Katy Huberty maintained an Overweight rating and $168 price target on Apple Inc. (NASDAQ:AAPL) shares.

By the end of the second quarter of 2021, Jay Genzer held 182,512 shares in Apple Inc. (NASDAQ:AAPL), worth more than $24.9 million. These shares represented 5.86% of his hedge fund’s portfolio value. According to our database, 138 hedge funds were long in Apple Inc. (NASDAQ:AAPL) in the second quarter of 2021, compared to 127 funds in the preceding quarter.

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.”