Valiant Capital’s Performance, Holdings, and India Investments

4. Apple Inc. (NASDAQ:AAPL)

During the second quarter, Valiant Capital Management had unloaded 102,800 shares of Apple Inc. (NASDAQ:AAPL) and owned 464,000 shares worth $66.83 million at the end of June. In addition, the fund owns ‘Call’ options underlying 4.0 million shares of Apple. The stock of the iPhone maker have jumped by 38% since the beginning of the year, driven by positive financial results and strong iPhone sales. In its most recent quarter, the company sold slightly over 41 million iPhones, beating the expectations of 40.7 million, even though consumers usually anticipate a new model around this time of the year and hold off on buying an iPhone. Apple’s latest flagship smartphone, the iPhone 8, is expected to be announced this fall.

Apple Inc. (NASDAQ:AAPL) has also increased its dividend earlier this year to $0.63 from $0.57 and its stock currently has an yield of 1.58%. Other investors bullish on the company include Fisher Asset Management, Coatue Management, and Diamond Hill Capital.

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