Long-Term Stock Portfolio: 5 Best Stocks for 20 Years

In this piece, we will take a look at the 5 best stocks for the next 20 years. For more stocks on this list, head on over to Long-Term Stock Portfolio: Best Stocks for 20 Years.

5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 131

There is widespread agreement among hedge funds and Wall Street analysts that Apple Inc. (NASDAQ: AAPL) is an excellent long-term investment choice. The consensus stems from various factors such as Apple Inc.’s robust product line, significant growth in services and software, and its ongoing commitment to innovation and long-term strategies. Apple Inc. (NASDAQ:AAPL) announced its financial results for FQ2 on May 4, surpassing expectations on Wall Street with a GAAP EPS of $1.52 and revenue of $94.84 billion, exceeding estimates by $0.09 and $2 billion, respectively. Similar to some other names in our list, Apple Inc. (NASDAQ:AAPL) has been favored by billionaire Warren Buffett for several years.

Our hedge fund data for the first quarter shows 131 hedge funds long Apple Inc. (NASDAQ:AAPL). Their total stake value was $165 billion. Holding 915.6 million shares in the company, Warren Buffett’s Berkshire Hathaway was the largest stakeholder in Apple Inc. (NASDAQ:AAPL) at the end of the first quarter.

Silver Ring Value Partners made the following comment about Apple Inc. (NASDAQ:AAPL) in its first-quarter 2023 investor letter:

“Exited the Apple Inc. (NASDAQ:AAPL) put options position, as I came to the conclusion that I was wrong about the degree to which the stock is overvalued. While I still believe it’s optimistically priced, the fundamentals over the last few years made me believe that my initial decision to buy the put options was wrong.”