Here’s What You Should Look Up to in Apple Inc, (AAPL)

Alger, an investment management firm, published its “Alger Spectra Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. During the fourth quarter of 2021, the largest portfolio sector weightings were Information Technology and Consumer Discretionary. The Health Care sector was the largest sector overweight and Consumer Staples was the largest sector underweight. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Alger Spectra Fund, 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 $2.6 trillion market capitalization. AAPL delivered a -10.02% return since the beginning of the year, while its 12-month returns are up by 11.61%. The stock closed at $159.78 per share on January 25, 2022.

Here is what Alger Spectra Fund has to say about Apple Inc. in its Q4 2021 investor letter:

“Apple 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 tight engagement with consumers and enterprises, fostering the growing purchases of high-margin services like music, apps and Apple Pay. Apple’s quarterly earnings exceeded street estimates on strong margin realization driven by a sales mix of more profitable services. The margin strength was even more impressive given significantly higher freight costs and supply constraints that prevented approximately $6 billion in revenue realization.”

Our calculations show that Apple Inc. (NASDAQ: AAPL) ranks 10th on 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 7.01% return in the past 3 months.

In June 2021, we also shared another hedge fund’s views on AAPL in another article. 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.