Ray Dalio is Doubling Down on These 5 Stocks

1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 138  

Percentage Increase in Stake During Q3: 2,625%

Apple Inc. (NASDAQ:AAPL) makes and sells consumer electronics. At the end of the third quarter of 2021, Bridgewater Associates owned 72,600 shares in the company worth $10.9 million, representing 0.06% of the portfolio. 

Several reports published recently suggest that Apple Inc. (NASDAQ:AAPL) has achieved a “chip-related” breakthrough in its quest to develop an all-electric and fully autonomous car, a product that the firm could launch as soon as 2025. 

At the end of the second quarter of 2021, 138 hedge funds in the database of Insider Monkey held stakes worth $145 billion in Apple Inc. (NASDAQ:AAPL), up from 127 in the preceding quarter worth $131 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 Why These 10 Stocks Fell on Monday and 10 Penny Stocks With Long-Term Growth Catalysts.

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