1. Insider Monkey
Insider Monkey is a financial website that provides investors with data on insider trading and hedge funds. The website offers a premium newsletter that uses an exclusive strategy for picking the best stock picks of top hedge funds and insiders. Insider Monkey covers the most recent market news, macroeconomic forecasts, stock screeners, up-to-date 13D and 13G filings, hedge fund analysis, dividend stocks, retirement plans, and insider trading data. Insider Monkey is at the top of our list of the best websites for researching stocks because it provides comprehensive stock picks from a select group of elite hedge funds, market movers, and popular stocks throughout the week, dividend picks, analyst favorites, downgraded securities, and more.
Insider Monkey specializes in hedge funds and provides in-depth analysis of holdings, manager information, and performance statistics for several prominent funds. Individuals can use this information to better understand hedge fund activities as well as reflect on the investments they make. Secondly, access to the most recent 13D and 13G filings is a significant benefit that sets Insider Monkey apart as the top website for stock research. These filings expose hedge fund holdings that surpass certain thresholds, providing readers with actual insight into where these noteworthy investors are investing their money.
Dr. Inan Dogan, the research director of Insider Monkey,’s portfolio of stock picks, returned 199.2% between March 2017 and March 2024, beating the S&P 500 ETFs’ 144.9% gain by more than 54 percentage points.
According to the Insider Monkey Quarterly Newsletter, its flagship small-cap hedge fund strategy has returned 275.3% from its start in May 2014 (through May 20th, 2024), compared to a 125.2% gain for its benchmark (50% S&P 500 index ETF (SPY) and 50% Russell 2000 ETF (IWM)) during the same time. The stock selections outperformed the benchmark by 150 percentage points.
The website offers a premium newsletter that uses an exclusive strategy for picking the best stock picks of top hedge funds and insiders. Insider Monkey’s newsletters turn its insights into practical investing recommendations. So don’t forget to Subscribe to Insider Monkey’s Premium Newsletter.
The article published on May 16 by Insider Monkey discloses “Warren Buffett’s Top Picks for 2024 Stocks”. One of those stocks is Apple Inc (NASDAQ:AAPL), an American multinational corporation and technology company headquartered in Cupertino, California. Warren Buffet’s Berkshire Hathaway is a significant shareholder in the business. Warren Buffett had 789.36 million shares of the company in Q1, valued at $135.36 billion. 150 hedge funds held Apple Inc. (NASDAQ:AAPL) as of the end of March, down from 131 funds in the previous quarter, according to data compiled by Insider Monkey. Moreover, the second-largest shareholder in Apple Inc. is Ken Fisher’s Fisher Asset Management, with 55.88 million shares valued at $9.58 billion.
RiverPark Large Growth Fund stated the following regarding Apple Inc. (NASDAQ:AAPL) in its first quarter 2024 investor letter:
“Apple Inc. (NASDAQ:AAPL): Apple shares were a top detractor in the quarter. The company’s stock was pressured by negative news items including a government antitrust case, an Apple Watch patent dispute, and slowing China iPhone sales. Ultimately the company’s fiscal 1Q24 earnings report delivered a slightly better than expected quarter, but with guidance that disappointed investors. 1Q24 revenue and gross margin were better than feared, buoyed by stronger than expected worldwide iPhone sales which grew 6% despite a slight decline in China iPhone sales. Services revenue in the quarter was as expected and signaled the third quarter in a row of accelerating growth. Gross margins were also stronger than expected at 45.9%, the highest level in more than a decade. Guidance of $90 billion of revenue for 2Q24 was light however, due to weaker than expected iPhone sales in the current period and year-over-year declines in other hardware products facing difficult year-over year comps.
Although near-term trends are a bit muted, Apple is carrying lean inventory into an iPhone refresh cycle later this year. With an installed base of 2.2 billion active devices and significant growth of the company’s recurring revenue Services segment, we believe that Apple remains one of the most innovative, best positioned and most profitable companies in the mobile technology industry.”
While we acknowledge the potential of AAPL, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
