Nancy Pelosi Stock Portfolio: 5 Latest Stocks To Consider

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 131

Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. Mandatory filings from early June show that Pelosi purchased 100 CALL options on Apple Inc. (NASDAQ:AAPL) stock worth somewhere around $500,000 and $1,000,000 in mid-May 2022. The options have an expiration date of March 2023. 

On July 1, Morgan Stanley analyst Katy Huberty maintained an Overweight rating on Apple Inc. (NASDAQ:AAPL) stock with a price target of $185, noting that the net revenue of the App Store was growing compared to the previous year. 

At the end of the first quarter of 2022, 131 hedge funds in the database of Insider Monkey held stakes worth $182 billion in Apple Inc. (NASDAQ:AAPL), compared to 134 in the previous quarter worth $186 billion.

In its Q1 2022 investor letter, Weitz Investment Management highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) was one of them. Here is what the fund said:

“Changes to the Apple Inc. (NASDAQ:AAPL) mobile operating systems have temporarily impacted growth of Meta’s advertising business just as the company’s investments in Instagram’s “Reels” feature ramp ahead of full monetization. (Shareholders can read research analyst Jon Baker’s in-depth discussion of current events impacting Meta and reasons why we’re optimistic about the company in our recent Analyst Corner feature.) CoreCard (formerly Intelligent Systems) struggled early in the fiscal year to hire and train staff to handle growth from new and existing clients. Lately, Apple-related headlines also took a bite out of CoreCard shares, as reports suggest Apple Inc. (NASDAQ:AAPL) is exploring a transition of its credit card and other financial services to internally built solutions. Such a move would create revenue headwinds for its partners, which CoreCard is widely believed to be. We are monitoring these developments and stress-testing our model accordingly.”