Qualivian Investment Partners recently released its Q3 2020 Investor Letter. In Q3 2020, the fund was up 9.3% and 9.1% on a gross and net basis versus the S&P’s 8.93% increase, outperforming by 0.3% and 0.2%. In October, we published an article revealing our exclusive interview with Qualivian Investment Partners’ co-founder Aamer Khan. You should check out Qualivian Investment Partners’ top 3 stock picks for investors to buy right now, which could be the biggest winners in 2021.
In the Q3 2020 Investor Letter, Qualivian Investment Partners highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) is one of them. Apple Inc. (NASDAQ:AAPL) is a technology company. Year-to-date, Apple Inc. (NASDAQ:AAPL) stock gained 62.1% and on November 30th it had a closing price of $119.05. Here is what Qualivian Investment Partners said:
“Apple: From a product standpoint, iPhone sales in AAPL’s fiscal Q4 quarter (calendar Q3) missed consensus estimates as customers deferred iPhone 11 purchases in anticipation of the launch of the 5G-enabled iPhone 12 in October, however, iPad and Mac sales continued to benefit from COVID-related work/learn from home trends, with each posting the fastest top line growth rates in the last 5 years. This in combination with continued long-term strength in wearables and services revenue, more than made up for the weakness in iPhone sales, allowing AAPL to beat on the top and bottom lines when they reported the quarter in late October. While the market was somewhat disappointed in AAPL’s lack of iPhone 12 guidance for the upcoming fiscal Q1 2021 quarter, we are optimistic that the iPhone 12 will represent a strong upcoming iPhone sales cycle for AAPL, and that the continued strength in its noniPhone product and service revenue categories (which represented 47% of revenue in the quarter, the highest it has ever been) supports the stock’s rerating and its continued outperformance in the coming years.”
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Last week, we published an article revealing that Apple Inc. (NASDAQ:AAPL) stock was one of the 15 best blue chip stocks to buy now. During the fourth quarter of the fiscal year 2020 that ended September 26, 2020, the company posted revenue of $64.7 billion and quarterly earnings per diluted share of $0.73.
In Q3 2020, the number of bullish hedge fund positions on Apple Inc. (NASDAQ:AAPL) stock increased by about 5% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in Apple’s growth potential. Our calculations showed that Apple Inc. (NASDAQ:AAPL) is ranked #9 among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
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Disclosure: None. This article is originally published at Insider Monkey.
