5 Best Inflation-Proof Stocks

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1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 138   

Apple Inc. (NASDAQ:AAPL) is another technology company that makes it to our list of inflation-proof stocks. Apple is one of the most recognizable brand names in the world with incredible sales numbers and margins. Even legendary value investors like Warren Buffett have held onto the stock during times of crisis, attesting to their confidence in the company. 

Apple Inc. (NASDAQ:AAPL) has been expanding into the auto sector as well, with reports that the company is planning to debut an all-electric car in 2025. Tim Cook, the CEO of the firm, recently also revealed that he owned crypto assets and was “interested” in the technology. 

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 Micro-Cap Stocks to Invest In and Top 10 Stocks to Buy According to Charles Pollnow’s Triple Frond Partners.

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