Obama Stock Portfolio: 10 Year Returns and Top 5 Stocks

In this article, we discuss the top 5 stocks of the Obama stock portfolio. If you want to read about some more stocks in the Obama stock portfolio, go directly to Obama Stock Portfolio: 10-Year Returns.

5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 140     

Apple Inc. (NASDAQ:AAPL) designs, manufactures and markets smartphones, personal computers, tablets, wearables, and accessories. It is one of the best stocks in the Vanguard index in which Obama had stakes in during his time in the office. On November 3, Apple disclosed that it will continue to source modem chips from Qualcomm, a semiconductor and software creator, for the 2023 iPhone 15 lineup. Qualcomm will provide the vast majority of modem chips for Apple devices.

On October 27, Wedbush analyst Daniel Ives maintained an Outperform rating on Apple Inc. (NASDAQ:AAPL) stock and lowered the price target to $200 from $220, noting that the company delivered a mixed September quarter that featured top and bottom line beats despite 600+ basis points of FX headwinds.

At the end of the third quarter of 2022, 128 hedge funds in the database of Insider Monkey held stakes worth $144 billion in Apple Inc. (NASDAQ:AAPL), compared to 128 in the previous quarter worth $183 billion.

In its Q2 2022 investor letter, Alger 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 Inc. (NASDAQ:AAPL) is a leading technology provider in telecommunications. computing and services. Apple’s iOS operating system is the company’s unique intellectual property and competitive strength. This software drives extremely tight engagement with consumers and enterprises. The engagement is fostering the growing purchase of high-margin services like music, apps, and apple pay. Apple’s shares detracted from performance as management lowered its guidance for the second quarter due to headwinds from the war in Ukraine, adverse foreign currency shifts, and dampened consumer demand associated with the coronavirus in China. Additionally, many investors were concerned that lockdowns implemented to curtail the spread of COVID-19 would impact the production of apple products, however, the manufacturing facilities have resumed activity.”