Warren Buffett and Hedge Funds Love These 5 Stocks

4. APPLE Inc. (NASDAQ:AAPL)

Number of Hedge Funds: 134

APPLE Inc. (NASDAQ:APPL) is one of the most favorite stocks of Warren Buffett. Berkshire owns a $157 billion stake in APPLE Inc. (NASDAQ:APPL) as of the end of the third quarter.

Recently, a Financial Times report said that APPLE Inc. (NASDAQ:APPL) is considering India as a production site for batteries of its next generation iPhones.

Here is what Claret Asset Management has to say about Apple Inc. (NASDAQ:AAPL) in its Q3 2023 investor letter:

“We have mentioned in the last letter that the “magnificent seven”, including Apple Inc.,dominated the performance of the S&P 500. We might have left you with the feeling that we are bearish because we don’t find the Magnificent 7 attractive. Let us make it clear: we are just not so pessimistic as to believe there are only 7 growth opportunities in the entire global equity market. In fact, we are optimists and think opportunity is abundant. Just not in everyone’s current 7 favorite stocks.”