Unknown Billionaire Phill Gross’ Top 5 Stock Picks

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1. Apple Inc. (NASDAQ: AAPL)

The iPhone maker Apple Inc (NASDAQ: AAPL) is the largest stock holding of Phill Gross’ Adage Capital, accounting for 5.17% of the fund’s portfolio. Shares of Apple surged significantly last year, thanks to pandemic-related growth in tech products.

Saturna Capital Corporation, an investment management firm, stated in the Q4 investor letter that the combination of hardware and services will support Apple’s growth momentum in the years ahead. Here is what Saturna Capital Corporation said:

“Technology claimed six of the 10 Largest Contributors for 2020, demonstrating the effect of the pandemic, remote work, and the acceleration of various Technology and Consumer trends. Apple followed closely behind. More than once we have read Apple obituaries, but we believe the company’s combination of hardware and services will continue to drive the business for years to come, and we look forward to improved availability for the iPhone 12 Pro.”

You can also take a peek at 10 Biggest Companies Competing With Netflix and 15 Fastest Growing Franchises.

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