5 Stocks To Buy According To Ronald Hua’s QTRON Investments

2. Apple Inc. (NASDAQ:AAPL)

QTRON Investments’ Stake Value: $15.5 million
Percentage of QTRON Investment’s 13F Portfolio: 3.93%
Number of Hedge Fund Holders: 138

Apple Inc. (NASDAQ:AAPL), a multinational technology company,  turned red in the pre-market trading on October 29, after the company missed expectations for the fiscal fourth quarter of 2021. On the other hand, the tech company claimed 34.6% of the worldwide tablet market, up from 30% in the same quarter a year ago, an increase partly attributed to the sales of its iPad products.

By the end of the second quarter of 2021, Ronald Hua’s QTRON Investments reported holding held 113,368 shares in Apple Inc. (NASDAQ:AAPL), worth more than $15.5 million. These shares accounted for 3.93% of the investment firm’s portfolio value.

According to our database, 138 hedge funds were long Apple Inc. (NASDAQ:AAPL) in the second quarter of 2021, compared to 127 funds in the preceding quarter. Out of the hedge funds being tracked by Insider Monkey, Warren Buffett’s Berkshire Hathaway is a leading shareholder in Apple Inc. (NASDAQ:AAPL), with over 887 million shares worth more than $121.5 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.”