Warren Buffett’s Top 5 Stock Picks

1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 134

Accounting for about 48% of Berkshire’s 13F portfolio, Apple is the biggest stake and indeed a “giant” in Berkshire’s business. The hedge fund has a $157 billion stake in the company. Warren Buffett added Apple to Berkshire’s portfolio for the first time in 2016 with about 39 million shares. At the end of 2021, the fund owned over 887 million shares of the company. Over the last five years, Apple stock has gained about 366%.

Alger, an investment management firm, published its “Alger Spectra Fund” fourth quarter 2021 investor letter and mentioned Apple Inc. (NASDAQ:AAPL). Here‘s what the fund said:

“Apple is a leading technology provider in telecommunications, computing and services. Apple’s iOS operating system is the company’s unique intellectual property and competitive strength. This software drives tight engagement with consumers and enterprises, fostering the growing purchases of high-margin services like music, apps and Apple Pay. Apple’s quarterly earnings exceeded street estimates on strong margin realization driven by a sales mix of more profitable services. The margin strength was even more impressive given significantly higher freight costs and supply constraints that prevented approximately $6 billion in revenue realization.”

You can also take a peek at the 10 Cryptocurrencies to Watch Amid Russia’s Attack on Ukraine and 10 Stocks to Buy Now According to Hari Hariharan’s NWI Management.

Follow Insider Monkey on Twitter