Jim Langevin Stock Portfolio: 5 Stocks To Consider

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 120  

Apple Inc. (NASDAQ:AAPL) is a California-based technology company. It is one of the most popular tech stocks among hedge funds. At the end of the third quarter of 2021, 120 hedge funds in the database of Insider Monkey held stakes worth $146 billion in Apple Inc. (NASDAQ:AAPL). 

Langevin is among a series of lawmakers who have traded Apple Inc. (NASDAQ:AAPL) stock in recent weeks. Langevin revealed in a PTR dated August 2021 that he sold Apple Inc. (NASDAQ:AAPL) shares worth somewhere between $100,000 and $250,000 on July 2. 

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.”