10 Most Profitable NASDAQ Stocks Today

1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 140

Net Income (TTM) as of September 30, 2022: $99.80 billion

Apple Inc. (NASDAQ:AAPL) was a part of 140 investors’ portfolios at the end of the third quarter of 2022. These funds held collective stakes worth $144 billion in the company. As of December 31, Warren Buffett’s Berkshire Hathaway is the leading investor in Apple Inc. (NASDAQ:AAPL) and has disclosed a position worth $116.3 billion in the company.

Apple Inc. (NASDAQ:AAPL) generated an annual net income of $99.80 billion in fiscal 2022. The stock is the most profitable NASDAQ stock today. As of February 17, Apple Inc. (NASDAQ:AAPL) has returned 21.97% to investors year to date.

Here is what Distillate Capital had to say about Apple Inc. (NASDAQ:AAPL) in its third-quarter 2022 investor letter:

“The largest new purchase was Apple Inc. (NASDAQ:AAPL), which after underperforming saw its valuation improve significantly. Over the course of the last year, Apple’s consensus estimated forward free cash flows rose modestly, while its enterprise value fell by around 30%. Apple ranks below the 25th most attractive name in the portfolio and so its weight is capped at 4% vs. 6% for names in the top quartile.”

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