Here are Billionaire Ray Dalio’s Top Tech Stock Picks

Page 3 of 3

#1 Apple Inc. (NASDAQ:AAPL)

Shares held (as of September 30): 274,852
Total Value (as of September 30): $30.32 million
Percent of Portfolio (as of September 30): 0.41%

Bridgewater cut its holdings in Apple Inc. (NASDAQ:AAPL) by 48% in the third quarter, but still retained a stake of 274,852 shares, good for 0.41% of the fund’s portfolio. The reduced stake still makes Apple Bridgewater’s number one tech holding. Famed activist investor Carl Icahn, whose fund Icahn Capital LP owned 52.76 million shares at the end of June, recently called Apple ‘the greatest company in the world’ at an investor conference, citing the company’s cheap valuation. Despite the buybacks, hundreds of billions of cash on the balance sheet, and its strong eco-system, Apple trades at a forward P/E of 10.7 versus the S&P 500’s forward P/E of 17.65. Shares have rallied 6.62% year-to-date.

Follow Apple Inc. (NASDAQ:AAPL)

Disclosure:None

Page 3 of 3