Billionaire DE Shaw’s Latest Portfolio: Top 5 Stock Picks

2. Apple Inc. (NASDAQ:AAPL)

DE Shaw’s Stake Value: $1,159,739,000

Percentage of DE Shaw’s 13F Portfolio: 1.3%

Number of Hedge Fund Holders: 128

Apple Inc. (NASDAQ:AAPL) is another big tech IT company. It designs and manufactures smartphones, computers, tablets, wearables, and accessories.

An Outperform rating was reiterated on Apple Inc. (NASDAQ:AAPL) shares on September 8 by Martin Yang, an analyst at Oppenheimer. The analyst also has a $190 price target on the shares.

This September, Loup Ventures commented that Apple Inc.’s (NASDAQ:AAPL) decision to hold its iPhone pricing steady will help the company increase its market share in the smartphone space. The firm mentioned that the iPhone currently holds a global market share of 18%, which is set to increase based on Apple Inc.’s (NASDAQ:AAPL) pricing decision.

Apple Inc. (NASDAQ:AAPL) had 128 hedge funds holding stakes in it in the second quarter, with a total stake value of $143 billion. In the previous quarter, 131 hedge funds were long the stock, with a total stake value of $182 billion.

Alger Capital, an investment management company, mentioned Apple Inc. (NASDAQ:AAPL) in its second quarter 2022 investor letter. Here’s what the firm said:

Apple Inc. (NASDAQ:AAPL) is a leading technology provider in telecommunications. computing and services. Apple’s iOS operating system is the company’s unique intellectual property and competitive strength. This software drives extremely tight engagement with consumers and enterprises. The engagement is fostering the growing purchase of high-margin services like music, apps, and apple pay. Apple’s shares detracted from performance as management lowered its guidance for the second quarter due to headwinds from the war in Ukraine, adverse foreign currency shifts, and dampened consumer demand associated with the coronavirus in China. Additionally, many investors were concerned that lockdowns implemented to curtail the spread of COVID-19 would impact production of apple products, however the manufacturing facilities have resumed activity.”