5 Best Growth Stocks to Buy Today According to Billionaire Ken Fisher

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1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 138  

Apple Inc. (NASDAQ:AAPL) makes and sells smartphones, personal computers, tablets, and other tech items globally. At the end of the third quarter of 2021, Fisher Asset Management owned 60 million shares in the company worth $8.6 billion, representing 5.35% of the portfolio. 

Arete analyst Richard Kramer recently raised the price target on Apple Inc. (NASDAQ:AAPL) stock to $180 from $168 and kept a Buy rating on the shares, noting the firm was poised to benefit from a broad refresh of its product portfolio. 

At the end of the second quarter of 2021, 138 hedge funds in the database of Insider Monkey held stakes worth $145 billion in Apple Inc. (NASDAQ:AAPL), up from 127 in the preceding quarter worth $131 billion.

In its Q1 2021 investor letter, Distillate Capital, an asset management firm, highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) was one of them. Here is what the fund said:

“Apple is an even more notable situation and one that highlights our free cash valuation methodology and bears further discussion given its Q3 ‘20 sale from our strategy. For an extended period, Apple was extraordinarily inexpensive on a free cash flow basis and was the largest position in our strategy, exceeding 5% of the portfolio.”

You can also take a peek at 10 Best Healthcare Dividend Stocks to Buy Now and 10 Dividend Stocks with Over 20 Years of Dividend Increases.

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