12 Best Fortune 500 Stocks To Buy According to Hedge Funds

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4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) holds the honor of being the largest company in the world, with a market cap of around $3.69 trillion as of the writing of this article. The Silicon Valley-based tech giant is famous for creating the iPhone, iPad, and Macintosh computers.

Despite a mixed performance in certain segments, Apple Inc. (NASDAQ:AAPL) reported revenue of $124.3 billion for Q1 2025, up 4% YoY, and an all-time record. EPS also set an all-time record of $2.40, 10% higher YoY and surpassing market expectations. Services continue to be a major growth factor for Apple, achieving a record revenue of $26.34 billion in Q1 and illustrating the company’s focus on high-margin businesses such as digital streaming and cloud services. However, Apple’s iPhone revenue in the first quarter was $69.14 billion, slightly down from $69.7 billion a year ago, potentially due to market saturation and less demand in Greater China. The company remains financially robust and ended the quarter with $141 billion in cash and marketable securities.

Apple Inc (NASDAQ:AAPL) stands out for its capital-return program and since the start of 2013, the tech company has bought back almost 43% of its outstanding shares at a cost of close to $750 billion. Apple maintained this momentum and returned over $30 billion to shareholders in Q1 2025. This included $3.9 billion in dividends and equivalents and $23.3 billion through open market repurchases. The tech giant declared a cash dividend of $0.25 per share last month.

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