5 Best Reddit Stocks To Buy Now

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 131

Apple Inc. (NASDAQ:AAPL) has always been one of the favorite stocks of Redditors. This time the popularity of the stock among the community revolves around Lionel Messi’s contract with Inter Miami, which leads to the possibility of Messi getting a portion of the revenue generated by MLS Season Pass, which is the league’s streaming package on Apple TV+.

In addition to this, Apple Inc. (NASDAQ:AAPL)’s representation in the S&P 500 has reached a historic high, accounting for 7.6% of the index’s total value, as of July 3. This makes it the largest single stock in the history of the benchmark index. With such a significant presence, any movements in the stock’s share price can have a significant impact on the overall performance of the S&P 500 index.

Apple Inc. (NASDAQ:AAPL) was a part of 131 hedge fund portfolios at the end of Q1 2023, as per Insider Monkey’s database. These stakes are collectively worth over $165.2 billion.