5 Tech Stocks Chinese Billionaire Chen Tianqiao Loves

In this article, we will take a look at the 5 tech stocks Chinese billionaire Chen Tianqiao loves. You can see our detailed analysis of Tianqiao’s history, investment philosophy, and hedge fund performance at 10 Tech Stocks Chinese Billionaire Chen Tianqiao Loves.

5. Apple Inc. (NASDAQ:AAPL)

Tianqiao’s Stake Value: $34.2 million

Percentage of Chen Tianqiao’s 13F Portfolio: 2.79%

Number of Hedge Fund Holders: 138

Apple Inc. (NASDAQ: AAPL) is a multinational technology company that develops, manufactures, and sells smartphones, laptops, tablets, and smartwatches, among other electronics and accessories. Founded in 1976, the tech giant is ranked fifth on the list of the 10 tech stocks Chinese billionaire Chen Tianqiao loves.

The hedge fund managed by Chen Tianqiao owns 250,000 shares in Apple Inc. (NASDAQ: AAPL), worth over $34.2 million, representing 2.79% of his fund’s investment portfolio. By the end of the second quarter of 2021, 138 hedge funds out of the 873 tracked by Insider Monkey held stakes in Apple Inc. (NASDAQ:AAPL), worth roughly $145.5 billion, up from 127 hedge funds in the preceding quarter.

For the second quarter of 2021, Apple Inc. (NASDAQ:AAPL) reported earnings per share of $1.40, crossing estimates by $0.41. The company also reported revenues amounting to $89.58 billion, an increase of 53.63% on a year-over-year basis, surpassing market predictions by $12.3 billion.

On September 1, investment advisory Bank of America restated a Neutral rating on Apple Inc. (NASDAQ:AAPL) stock with a price target of $160.

ClearBridge Investments, in its Q1 2021 investor letter, mentioned Apple Inc. (NASDAQ: AAPL). Here is what the fund said:

“As we actively manage holdings and position sizes, we look to regularly recycle capital into more compelling opportunities. Maintaining our valuation discipline, we sharply reduced our position in Apple, whose shares more than doubled following our initial purchase in mid-2019 with an earnings multiple rising from the low-to-mid teens to nearly 30x.”