Morris Mark’s Mark Asset Management Latest Portfolio: Top 5 Stock Picks

4. Apple Inc. (NASDAQ:AAPL)

Mark Asset Management’s Stake Value: $27,499,000

Percentage of Mark Asset Management’s 13F Portfolio: 4.04%

Number of Hedge Fund Holders: 131

Apple Inc. (NASDAQ:AAPL) is among the few companies considered large cap and operating in the tech sector that haven’t seen their stock fall in the last year. Shares of Apple Inc. (NASDAQ:AAPL) are up over 11% in the last one year.

On August 1, Bloomberg reported that Apple Inc. (NASDAQ:AAPL) had started its four-part bond sale that the company had announced earlier. According to the sources that Bloomberg spoke with, the longest portion of this four-part sale will be a bond with a 40-year maturity that the company will issue at a credit spread of just 1.5% over the US treasury bonds. Apple Inc. (NASDAQ:AAPL) plans to use the proceeds from this four-part bond sale for general corporate purposes, which include buybacks and dividends.