5 Best Warren Buffett Stock Picks for Beginners

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 140

Apple Inc. (NASDAQ:AAPL) is an American tech company headquartered in California. It is the largest US company by market capitalization. The company offers consumer electronics and software services and is a part of the US Big Five technology companies.

On December 21, Citi analyst Jim Suva told investors that Apple Inc. (NASDAQ:AAPL) performed in line with the market in 2022. He added that even though in the fourth quarter the company is facing supply constraints, the company’s product demand is resilient. Suva maintains a Buy rating on Apple Inc. (NASDAQ:AAPL) with a $175 price target and believes that the company shares will trade higher in the future.

The hedge fund sentiment for Apple Inc. (NASDAQ:AAPL) jumped substantially in the third quarter of 2022. 140 hedge funds held bullish positions on the company stock, compared to 128 in the previous quarter. Apple Inc. (NASDAQ:AAPL) is the largest holding in Berkshire Hathaway’s portfolio, holding a 41.76% weightage in the company. The firm has owned the stock since the first quarter of 2016.

TimesSquare Capital Management made the following comment about Apple Inc. (NASDAQ:AAPL) in its Q3 2022 investor letter:

“Apple Inc. (NASDAQ:AAPL) designs and manufactures smartphones, personal computers, tablets, and wearable devices. The company reported better than expected revenues, though that came from a lower-than-expected supply chain impact. Apple called out pockets of weakness in wearables as well as home & accessories. Management referenced macroeconomic uncertainty and sounded somewhat guarded when commenting on fourth quarter expectations. In September, Apple introduced four new iPhones with retail prices kept at last year’s levels. Its shares edged forward by 1% in consideration of these developments. We trimmed the position after evaluating the channel which highlighted some consumer demand choppiness.”