Sprott Inc’s Tech Picks: Apple Inc. (AAPL), Verizon Communications Inc. (VZ) & More

Sprott has another interesting pick, Microsoft Corporation (NASDAQ:MSFT). As of March 31, the investor holds 90,000 shares of Microsoft Corporation (NASDAQ:MSFT) worth $3.65 million. Microsoft Corporation (NASDAQ:MSFT) shares surged by 10% on Friday as the company reported fiscal third quarter EPS of $0.61, beating consensus estimates by $0.10. Revenues grew by 6.5% year-over-year to $21.73 billion, beating estimates by $670 million. Investors applauded the performance of its Surface tablets.  Since the beginning of the second quarter, Microsoft is up almost 17%. Click here for other roaring tech stocks from Friday.

As of the end of the first quarter, Sprott Inc owns 516,000 shares of Verizon Communications Inc. (NYSE:VZ) for a value of $25.1 million. Investors like Verizon Communications Inc. (NYSE:VZ) because of its superior cash flows and 4.4% dividend. The company also recently said it will offer a la carte packages. Among the funds we track, Warren Buffett’s Berkshire Hathaway is the largest shareholder of Verizon followed by Phill Gross and Robert Atchinson’s Adage Capital Management and Cliff Asness’ AQR Capital Management, among others.

Sprott Inc also more than doubled its position in Pfizer Inc. (NYSE:PFE) to 842,000 shares, valued at $29.3 million. Pfizer Inc. (NYSE:PFE) is one of the most popular healthcare picks among the funds that we track. The company spends billions in buybacks and its stock sports a dividend yield of 3%. Pfizer Inc. (NYSE:PFE) was one of Healthinvest’s top bullish picks. Furthermore, among the billionaires that we track, 10 had an aggregate investment of $1.56 billion at the end of the fourth quarter of 2014, including Ken Fisher, David Shaw and Israel Englander.

Sprott Inc also boosted its position in Apple Inc. (NASDAQ:AAPL) by 160% on the quarter to 202,000 shares, valued at $25 million. Moreover, the fund initiated a noteworthy ‘Put’ position equivalent to 110,000 shares valued at $13.7 million. The iPhone brand continues to be a juggernaut and investors seem to be optimistic about the Apple Watch’s prospects. Apple Pay may also be getting investors excited. Carl Icahn’s Icahn Capital is the largest shareholder of Apple, among the funds that we track. Another investor that is bullish on Apple is David Einhorn’s Greenlight Capital, which in the latest letter to investors said that they consider the stock undervalued and that Apple is a superior company that merits a premium multiple.”
Disclosure: None