Billionaire Dan Loeb’s Top Stock Picks

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12. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158 

Third Point’s Stake: $216.7 million

Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. There are several compelling factors that make this company a strong investment. Firstly, as per the reports for the third quarter of 2024, the company generated nearly $27 billion in operating cash flow, which reflects strong financial health. And, the company returned over $29 billion to shareholders, demonstrating the company’s commitment to maximizing shareholder value. Secondly, the company’s commitment to a $100 million pledge, including a first-of-its-kind education hub for HBCUs and an Apple Developer Academy in Detroit, reflects a long-term strategy for talent development. This would drive future innovation, enhance brand loyalty, and support sustainable growth. Moreover, the company commits to protecting the planet by focusing on recycled and renewable materials, clean electricity, and low-carbon shipping. This vision for 2030 would bring net emissions to zero across the company’s entire carbon footprint.

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