Here’s What Makes Apple Inc. (AAPL) A Great Investment Pick

Guardian Fund, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. In 2021, the return of the Guardian Fund was 3.27%, measured in euros and net of fees and expenses. This compares to 28.71% for the S&P 500 Index, measured in U.S. dollars, and including dividends. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Guardian Capital Management, in its Q4 2021 investor letter, mentioned Apple Inc. (NASDAQ: AAPL) and discussed its stance on the firm. Apple Inc. is a Cupertino, California-based technology company with a $2.8 trillion market capitalization. AAPL delivered a -1.15% return since the beginning of the year, while its 12-month returns are up by 34.10%. The stock closed at $175.53 per share on January 12, 2022.

Here is what Guardian Capital Management has to say about Apple Inc. in its Q4 2021 investor letter:

“Apple’s market value has increased by USD 700 million per day since Tim Cook became CEO in 2011. As a result, Apple is worth more than the entire crypto market, and Microsoft is worth more than all 900 or so unicorns in the world. Both examples illustrate how scalable internet-enabled companies have become as well as how undervalued the rest of the world’s most promising innovation may be.”

Our calculations show that Apple Inc. (NASDAQ: AAPL) ranks 10th in our list of the 30 Most Popular Stocks Among Hedge Funds. AAPL was in 120 hedge fund portfolios at the end of the third quarter of 2021, compared to 138 funds in the previous quarter. Apple Inc. (NASDAQ: AAPL) delivered a 24.57% return in the past 3 months.

In December 2021, we published an article that includes AAPL in the Top 10 Stocks to Buy According to Legendary Value Investor Joel Greenblatt. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.