Retirement Stock Portfolio: 5 Safe Tech Stocks To Consider

In this article, we discuss the 5 safe tech stocks to consider for retirement. If you want to read our detailed analysis of these stocks, go directly to the Retirement Stock Portfolio: 10 Safe Tech Stocks To Consider. 

5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 120  

Apple Inc. (NASDAQ:AAPL) recently crossed $3 trillion in market capitalization, becoming the first company in the world to do so. Despite the achievement, market experts believe there is still a lot of room for Apple Inc. (NASDAQ:AAPL) to grow. Famous investors like Warren Buffett hold large stakes in Apple Inc. (NASDAQ:AAPL) as it ventures into virtual reality and autonomous driving while steadily taking the smartphone business forward as well. Apple Inc. (NASDAQ:AAPL) has registered nine consecutive years of dividend growth. 

Apple Inc. (NASDAQ:AAPL) is one of the most popular stocks among hedge funds. 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.”