Is it Still Safe to Invest in Apple Inc. (AAPL)?

Saturna Capital, an investment management firm, published its “Amana Funds” fourth-quarter 2021 investor letter – a copy of which can be downloaded here. For the fourth quarter of 2021, the Amana Income Fund Investor Shares returned 13.76% and the Institutional Shares returned 13.85%. The Amana Growth Fund sprinted to a strong finish in the fourth quarter, wrapping up an outstanding year by any measure. For the three months ended December 31, 2021, the Amana Growth Fund Investor Shares returned 14.41%, significantly outpacing the 6.91% Morningstar “Large Growth” category return, as well as the 11.03% return of the S&P 500. For the 2021 calendar year, Amana Developing World Fund Investor Shares returned 7.31% versus -2.54% for the MSCI Emerging Markets Index. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Saturna Capital Amana Funds, in its Q4 2021 investor letter, mentioned Apple Inc. (NASDAQ: AAPL) and discussed its stance on the firm. Founded in 1976, Apple Inc. is a Cupertino, California-based technology company with a $2.5 trillion market capitalization, and is currently spearheaded by its CEO, Tim Cook. AAPL delivered a -11.34% return since the beginning of the year, while its 12-month returns are up by 31.22%. The stock closed at $157.44 per share on March 08, 2022.

Here is what Saturna Capital Amana Funds has to say about Apple Inc. in its Q4 2021 investor letter:

“Concerning the stock market, we avoid short-term predictions. But what of the next decade? A theme since the start of the pandemic has been the big getting bigger. Apple flirts with a $3 trillion market capitalization, trailed by Microsoft, as Alphabet and Amazon also appear among the top five largest companies.

While Apple may not be a network in the traditional sense, it does have over one billion active users dedicated to its products. Apple’s unrivalled ability to integrate complex technology with a user-friendly customer experience positions the company to extend into media content, augmented reality, the connected home, and perhaps EVs, all while growing its profitable subscription revenue.”

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Our calculations show that Apple Inc. (NASDAQ: AAPL) ranks 9th on our list of the 30 Most Popular Stocks Among Hedge Funds. AAPL was in 134 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 120 funds in the previous quarter. Apple Inc. (NASDAQ: AAPL) delivered a -10.08% return in the past 3 months.

In February 2022, we published an article that includes AAPL in the 10 Technology Stocks Hedge Funds Are Talking About. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.