Cliff Asness’ Portfolio: Top 5 Stock Picks

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1. Apple Inc. (NASDAQ:AAPL)

AQR Capital Management’ Stake Value: $1.98 billion
Percentage of AQR Capital Management’s 13F Portfolio: 3.42%
Number of Hedge Fund Holders: 138

Apple Inc. (NASDAQ:AAPL) is placed first on our list of the top 10 stock picks in Cliff Asness’ portfolio. The California-based company operates as a technology firm with a large stake in the consumer electronics business.

By the end of the second quarter of 2021, Cliff Asness held over 14.5 million shares in Apple Inc. (NASDAQ:AAPL), worth more than $1.98 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.”

You can also take a peek at Forget Tesla (TSLA): 10 Cheap EV Stocks to Buy Now and 15 Best Consumer Discretionary Stocks to Buy Now.

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