5 Large-Cap Stocks to Buy According to Claes Fornell’s CSat Investment

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1. Apple Inc. (NASDAQ:AAPL)

CSat Investment’s Stake Value: $5.8 million

Percentage of CSat Investment’s 13F Portfolio: 4.92%

Number of Hedge Fund Holders: 120

Market Capitalization as of 12/3/21: $2.7 trillion

Apple Inc. (NASDAQ:AAPL) is one of the largest consumer electronics companies in the world that is known for its iconic product design and closed ecosystem. Made famous by the mercurial approach of its late co-founder Mr. Steve Jobs, Apple’s products target the smartphone, wearable, and personal computing industries.

CSat Investment owned 47,965 Apple Inc. (NASDAQ:AAPL) shares during the third quarter of this year. These were worth $5.8 million and represented 4.92% of its portfolio. 120 of the 867 hedge funds polled by Insider Monkey for Q3 2021 owned the company’s shares.

For its fourth fiscal quarter, Apple Inc. (NASDAQ:AAPL) posted $83 billion in revenue and $1.24 in GAAP EPS, missing analyst estimates for revenue and meeting them for EPS. Its price target was raised to $200 from $185 by Wedbush in November 2021, with the firm believing that Apple Inc. (NASDAQ:AAPL) will touch $3 trillion in market capitalization in 2022.

Apple Inc. (NASDAQ:AAPL) was worth $2.7 trillion in market capitalization by the close of trading on Friday, December 3rd, 2021. The company’s largest shareholder is Warren Buffett’s Berkshire Hathaway who owns a whopping 887 million shares worth an equally staggering $125 billion.

Distillate Capital mentioned Apple Inc. (NASDAQ:AAPL) in its Q1 2021 investor letter. 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 the 10 Best SPACs to Invest In According to Reddit and Jim Cramer is Bearish on These 10 Stocks.

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