5 Best Stocks to Buy According to DE Shaw

1. Apple Inc. (NASDAQ:AAPL)

DE Shaw’s Stake Value: $1,558,119,000

Percentage of DE Shaw’s 13F Portfolio: 1.45%

Number of Hedge Fund Holders: 131

Apple Inc. (NASDAQ:AAPL) is an American multinational consumer electronics company. Wall Street analysts have a consensus ‘Buy’ rating on Apple Inc. (NASDAQ:AAPL), with an average price target of $182.20. Apple Inc. (NASDAQ:AAPL) is the biggest holding of DE Shaw, and the hedge fund boosted its position in the company by 34%. DE Shaw owned about 9 million shares worth $1.5 billion, representing 1.45% of the total 13F portfolio. 

TF International Securities analyst Ming-Chi Kuo said on July 14 that demand for Apple Inc. (NASDAQ:AAPL)’s iPhone 14 is “continuing to increase” among distributors, retailers, and scalpers. Bank of America recently observed that Apple Inc. (NASDAQ:AAPL) had reduced the trade-in prices for its iPhone, iPad, Apple Watch, Mac earlier this month, which suggests “strong demand”. 

Among the hedge funds tracked by Insider Monkey, 131 funds were bullish on Apple Inc. (NASDAQ:AAPL) at the end of March 2022, compared to 134 funds in the earlier quarter. Warren Buffett’s Berkshire Hathaway is the biggest position holder in the company, with approximately 891 million shares worth $155.5 billion. 

Here is what Weitz Investment Management Partners III Opportunity Fund has to say about Apple Inc. (NASDAQ:AAPL) in its Q1 2022 investor letter:

“Changes to Apple’s (NASDAQ:AAPL) mobile operating system have temporarily impacted growth of Meta’s advertising business just as the company’s investments in Instagram’s “Reels” feature ramp up ahead of full monetization. (Shareholders can read research analyst Jon Baker’s in-depth discussion of current events impacting Meta and reasons why we’re optimistic about the company in our recent Analyst Corner feature.) CoreCard (formerly Intelligent Systems) struggled early in the fiscal year to hire and train staff to handle growth from new and existing clients. Lately, Apple-related headlines also took a bite out of CoreCard shares, as reports suggest Apple is exploring a transition of its credit card and other financial services to internally built solutions. Such a move would create revenue headwinds for its partners, which CoreCard is widely believed to be. We are monitoring these developments and stress-testing our model accordingly.”

You can also take a look at 10 Best Stocks to Buy For The Long Term According to ValueAct Capital and 10 Latest Stocks to Consider in the Portfolio of Nancy Pelosi. 

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