Kim Schrier Stock Portfolio: 5 Stocks To Consider

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 120  

Apple Inc. (NASDAQ:AAPL) makes and sells consumer electronics. The company was one of the only stock purchases of Schrier in recent months, according to the latest data. A PTR from November 2021 shows that the lawmaker bought Apple Inc. (NASDAQ:AAPL) stock worth between $250,000 and $500,000 on October 28. 

Hedge funds have also been piling into Apple Inc. (NASDAQ:AAPL) stock. 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). 

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.”