Is Apple Inc. (AAPL) A Good Investment?

Saturna Capital Corporation, an investment management firm, published its fourth-quarter 2020 ‘Sextant Mutual Funds’ Investor Letter – a copy of which can be downloaded here. The letter contains the Q4 2020 results and updates of its Sextant Growth Fund (SSGFX), Sextant International Fund (SSIFX), Sextan Global High Income Fund (SGHIX), Sextant Core Fund (SCORX), and Sextant Short-Term (STBFX). You can view each fund’s top 5 holdings to have a peek at their top bets for 2021.

In their Q4 2020 investor letter, Sextant Growth Fund mentioned Apple Inc. (NASDAQ: AAPL) and shared their insights on the company. Apple Inc. currently has a $2.065 trillion market capitalization. Since the beginning of the year, AAPL delivered a -7.30% return, while its 12-month gains are up by 100.87%. As of April 01, 2021, the stock closed at $123.00 per share.

Here is what Sextant Growth Fund has to say about Apple Inc. in their Q4 2020 investor letter:

“Technology claimed six of the 10 Largest Contributors for 2020, demonstrating the effect of the pandemic, remote work, and the acceleration of various Technology and Consumer trends. Apple followed closely behind. More than once we have read Apple obituaries, but we believe the company’s combination of hardware and services will continue to drive the business for years to come, and we look forward to improved availability for the iPhone 12 Pro.”

Our calculations show that Apple Inc. (NASDAQ: AAPL) ranks 10th in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Apple Inc. (NASDAQ: AAPL) was in 146 hedge fund portfolios, compared to 134 funds in the third quarter. AAPL delivered a -7.30% return in the past 3 months.