Billionaire DE Shaw’s Top 5 Stock Picks

1. Apple Inc. (NASDAQ:AAPL)

DE Shaw’s Stake Value: $2.4 billion

Percentage of DE Shaw’s 13F Portfolio: 2.03%

Number of Hedge Fund Holders: 138

Apple Inc. (NASDAQ:AAPL) is the world’s largest company by market capitalization, and it engages in the production of smartphones and computers under the iPhone and Mac brands.

As of the second quarter, 138 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in Apple Inc. (NASDAQ:AAPL) worth $145.5 billion versus 127 hedge funds with $131 billion worth of stakes in the previous quarter.

Here is what ClearBridge Investments has to say about Apple Inc. in its Q1 2021 investor letter:

“As we actively manage holdings and position sizes, we look to regularly recycle capital into more compelling opportunities. Maintaining our valuation discipline, we sharply reduced our position in Apple, whose shares more than doubled following our initial purchase in mid-2019 with an earnings multiple rising from the low-to-mid teens to nearly 30x.”

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