Gary Vaynerchuk Stock Portfolio: 5 Stocks to Consider

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 138 

Vaynerchuk appeared on the first TV show produced by Apple Inc. (NASDAQ:AAPL) called Planet of the Apps. As a big believer in technology stocks, he has been bullish on the company. However, he blames the failure of the TV show on marketing efforts of the electronics giant. 

JPMorgan analyst Samik Chatterjee recently maintained an Overweight rating on Apple Inc. (NASDAQ:AAPL) stock with a price target of $180, backing the company to deliver a “solid” earnings beat in the fourth quarter. 

At the end of the second quarter of 2021, 138 hedge funds in the database of Insider Monkey held stakes worth $145 billion in Apple Inc. (NASDAQ:AAPL), up from 127 in the preceding quarter worth $131 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.”