5 Best Performing S&P 500 Stocks in the Last 5 Years

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 140

5-Year Share Price Gains as of January 6: 192.79%

Apple Inc. (NASDAQ:AAPL) is a California-based company that designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. On January 3, Apple Inc. (NASDAQ:AAPL) saw net revenue growth for its App Store in December, its first growth since June, which means there could be “upside” in its services segment. It is one of the best performing stocks over the last five years, with shares up nearly 193% over the period. 

On January 4, Apple Inc. (NASDAQ:AAPL)’s short-term production challenges create a long-term buying opportunity, Tigress Financial analyst Ivan Feinseth told investors in a research note. The analyst noted that the company’s “massive” installed user base, growing ecosystem, and expanding Services revenue will continue to support accelerating trends and higher shareholder value creation. The analyst reiterated a Strong Buy rating on Apple Inc. (NASDAQ:AAPL) shares with a $210 price target.

According to Insider Monkey’s data, 140 hedge funds were bullish on Apple Inc. (NASDAQ:AAPL) at the end of Q3 2022, compared to 128 funds in the prior quarter. Warren Buffett’s Berkshire Hathaway is the biggest stakeholder of the company, with 894.80 million shares worth $123.6 billion. 

TimesSquare Capital made the following comment about Apple Inc. (NASDAQ:AAPL) in its Q3 2022 investor letter:

“Apple Inc. (NASDAQ:AAPL) designs and manufactures smartphones, personal computers, tablets, and wearable devices. The company reported better than expected revenues, though that came from a lower-than-expected supply chain impact. Apple called out pockets of weakness in wearables as well as home & accessories. Management referenced macroeconomic uncertainty and sounded somewhat guarded when commenting on fourth quarter expectations. In September, Apple introduced four new iPhones with retail prices kept at last year’s levels. Its shares edged forward by 1% in consideration of these developments. We trimmed the position after evaluating the channel which highlighted some consumer demand choppiness.”