Would You Still Dare to Invest in Apple Inc. (AAPL)?

ClearBridge Investments, an investment management firm, published its “Global Growth Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. During the fourth quarter, the ClearBridge Global Growth Strategy outperformed its MSCI ACWI benchmark. The Strategy delivered gains across eight of the nine sectors in which it was invested (out of 11 total), with the information technology (IT) and industrials sectors the primary contributors. The communication services sector was the sole detractor. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

ClearBridge Investments Global Growth Strategy, in its Q4 2021 investor letter, mentioned Apple Inc. (NASDAQ:AAPL) and discussed its stance on the firm. Founded in 1976, Apple Inc. (NASDAQ:AAPL) is a Cupertino, California-based technology company with a $2.9 trillion market capitalization, and is currently spearheaded by its CEO, Tim Cook. Apple Inc. (NASDAQ:AAPL) delivered a -1.67% return since the beginning of the year, while its 12-month returns are up by 41.96%. The stock closed at $174.61 per share on March 31, 2022.

Here is what ClearBridge Investments Global Growth Strategy has to say about Apple Inc. (NASDAQ:AAPL) in its Q4 2021 investor letter:

“Despite these mixed emerging growth results, the ClearBridge Global Growth Strategy outperformed the benchmark due to resilience among our secular and structural growth holdings. The bulk of these contributions came from U.S. mega-cap growth stocks Apple and Microsoft which continued to uniquely act both offensively and defensively as they have through most of the pandemic.”

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Our calculations show that Apple Inc. (NASDAQ:AAPL) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Apple Inc. (NASDAQ:AAPL) was in 134 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 120 funds in the previous quarter. Apple Inc. (NASDAQ:AAPL) delivered a -2.01% return in the past 3 months.

In March 2022, we also shared another hedge fund’s views on Apple Inc. (NASDAQ:AAPL) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.