Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Is Apple Inc. (AAPL) A Good Stock To Buy?

Now, key hedge funds have jumped into Apple Inc. (NASDAQ:AAPL) headfirst. Coatue Management, managed by Philippe Laffont, created the most outsized position in Apple Inc. (NASDAQ:AAPL). Coatue Management had $735 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $623.8 million position during the quarter. The other funds with brand new AAPL positions are Aaron Cowen’s Suvretta Capital Management, Dan Loeb’s Third Point, and Lee Ainslie’s Maverick Capital.

Let’s go over hedge fund activity in other stocks that are similarly valued. These stocks are Alphabet Inc (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT), and Exxon Mobil Corporation (NYSE:XOM). This group of stocks’ market caps are similar to AAPL’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
GOOGL 137 14788520 2
GOOG 134 14227250 8
MSFT 126 18140293 -5
XOM 59 2828791 -1

As you can see these stocks had an average of 114 hedge funds with bullish positions and the average amount invested in these stocks was $12.5 billion. That figure was $16.2 billion in AAPL’s case. Alphabet Inc (NASDAQ:GOOGL) is the most popular stock in this table. On the other hand Exxon Mobil Corporation (NYSE:XOM) is the least popular one with only 59 bullish hedge fund positions. Compared to these stocks Apple Inc. (NASDAQ:AAPL) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio. We should note that this isn’t a universally shared opinion. Today one of our writers published an article that listed 8 reasons why Apple is doomed.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.