5 Tech Stock Picks of Billionaire Mario Gabelli

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In this article, we discuss 5 tech stock picks of billionaire Mario Gabelli. If you want to read our detailed analysis of these stocks, go directly to 10 Tech Stock Picks of Billionaire Mario Gabelli.

5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 134   

Apple Inc. (NASDAQ:AAPL) makes and sells consumer electronics. It is one of the top tech stocks in the finance world. At the end of the fourth quarter of 2021, 134 hedge funds in the database of Insider Monkey held stakes worth $186 billion in Apple Inc. (NASDAQ:AAPL), up from 120 in the preceding quarter worth $146 billion.

According to the latest filings, GAMCO Investors owned over 209,000 shares of Apple Inc. (NASDAQ:AAPL) at the end of the fourth quarter of 2021 worth $37 million, representing 0.31% of the portfolio. 

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.”

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