5 Blue Chip Stocks in Warren Buffett’s Portfolio

1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 134

Apple Inc. (NASDAQ:AAPL) is one of the most renowned blue chip stocks in Warren Buffett’s portfolio and specializes in consumer electronics, software, and online services.

Bernstein’s Toni Sacconaghi holds a Market Perform rating on shares of Apple Inc. (NASDAQ:AAPL) as of this March.

In the fiscal first quarter of 2022, Apple Inc. (NASDAQ:AAPL) had an EPS of $2.1, beating estimates by $0.2. The company’s revenue was $123.9 billion, also beating estimates by $5.4 billion. The stock has gained 15.9% in the past six months as well.

Out of 924 hedge funds, 134 hedge funds held stakes in Apple Inc. (NASDAQ:AAPL) in the fourth quarter. Their total stake value was $186 billion.

Saturna Capital, an investment management firm, mentioned Apple Inc. (NASDAQ:AAPL) in its fourth-quarter 2021 investor letter. Here’s what they said:

“Concerning the stock market, we avoid short-term predictions. But what of the next decade? A theme since the start of the pandemic has been the big getting bigger. Apple flirts with a $3 trillion market capitalization, trailed by Microsoft, as Alphabet and Amazon also appear among the top five largest companies.

While Apple may not be a network in the traditional sense, it does have over one billion active users dedicated to its products. Apple’s unrivalled ability to integrate complex technology with a user-friendly customer experience positions the company to extend into media content, augmented reality, the connected home, and perhaps EVs, all while growing its profitable subscription revenue.”

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