Top 5 Stock Picks of Mark Kleiman’s Factorial Partners

3. Apple Inc. (NASDAQ:AAPL)

Factorial Partners’ Stake Value: $3,741,000

Percentage of Factorial Partners’ 13F portfolio: 3.04%

Number of Q2 Hedge Fund Holders: 130

Apple Inc. (NASDAQ:AAPL) creates, manufactures, and sells smartphones, personal computers, tablets, wearables, and accessories all over the world. Factorial Partners added Apple Inc. (NASDAQ:AAPL) to its portfolio in Q2 by obtaining 27,360 shares worth $3.7 million, representing 3.04% of the portfolio’s total holdings.

On July 29, Morgan Stanley analyst Erik Woodring said Apple Inc.’s (NASDAQ:AAPL) June quarter results were “better than feared,” as iPhone and Services upside offset Mac and iPad supply constraints and a decline in Wearables. Management’s September quarter guidance for revenues to be up a mid-single digits percentage year-over-year appears “rightfully conservative,” said Woodring, who maintains Apple as his Top Pick with an unchanged $180 price target and ‘Overweight’ rating.

According to Insider Monkey’s data, 130 hedge funds were bullish on Apple Inc. (NASDAQ:AAPL) at the end of Q2, down from 132 funds in the prior quarter. Ken Fisher’s Fisher Asset Management featured as one of the largest stakeholders in the company, with 65.7 million shares worth $8.9 billion.