Billionaire Cliff Asness’ Top 5 Technology Stock Picks

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%

AQR Capital Management inched up Apple Inc. (NASDAQ:AAPL) by 2% in Q3 to end September with a position worth almost $1.38 billion. Recently, Bloomberg reported that Apple Inc. (NASDAQ:AAPL) is preparing to begin to source chips from a facility under construction in Arizona to potentially reduce its reliance on Asian chips.

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 Warren Buffett’s Top 10 Dividend Stock Picks and 15 Largest Hotel Chains in the US in 2022.

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