5 Long-Term Stocks to Buy According to Warren Buffett

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 120   

Buffett has been a longtime admirer of Apple Inc. (NASDAQ:AAPL) and finally bought a stake in the company through his fund in early 2016. Today, it is the largest holding of Berkshire Hathaway. Buffett has increased stake in the company by over 100% since he first bought it. The value of the stake has increased from $1 billion in 2016 to $125 billion at the end of the third quarter of 2021. 

At the end of the third quarter of 2021, 120 hedge funds in the database of Insider Monkey held stakes worth $145 billion in Apple Inc. (NASDAQ:AAPL), down from 138 in the preceding quarter worth $146 billion.

In its Q1 2021 investor letter, Distillate Capital, an asset management firm, highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) was one of them. 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.”