Billionaire Cliff Asness’ Top 5 Dividend Stocks

1. Apple Inc. (NASDAQ:AAPL)

AQR Capital Management’s Stake Value as of 9/30: $1,377,056,000

Percentage of AQR Capital Management’s 13F Portfolio as of 9/30: 3.35%

Dividend Yield as of 11/17: 0.62%

With a holding of over $1.37 billion as of the end of Q3, Apple Inc. (NASDAQ:AAPL) is AQR Capital Management’s largest position as the tech giant accounts for 3.35% of the fund’s 13F equity portfolio. Given Apple Inc. (NASDAQ:AAPL)’s huge market capitalization of over $2.3 trillion, AQR Capital Management is actually underweight the stock versus the company’s weight in the S&P 500 index, for instance. As of 11/17, Apple Inc. (NASDAQ:AAPL) has a dividend yield of 0.62%.

Wedgewood Partners commented on Apple Inc. (NASDAQ:AAPL) in a Q3 2022 investor letter,

“Apple Inc. (NASDAQ:AAPL) grew revenues +5% (foreign exchange adjusted and excluding Russia) driven by record iPhone revenues that were up about +3% on an exceptional year ago comparison of +50%. Apple’s installed base is over 1.8 billion devices which helps drive a software and services business that has generated almost $80 billion of revenue over the past 4 quarters. As we have highlighted in the past, Apple’s relentless focus on the development and integration between hardware (especially ICs) as well as software, continues to add significant value for customers of its products and services. We expect this favorable competitive dynamic to continue for the foreseeable future.”

You can also take a look at 15 Biggest IT Companies in the World and 15 Biggest Insurance Companies in the World.

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