What is a Covered Call? 5 Best Stocks For Covered Calls

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135

An American multinational tech company, Apple Inc. (NASDAQ:AAPL) generated over $81.8 billion in revenues in the third quarter of 2023. The company also generated an operating cash flow of $26 billion and returned $24 billion to shareholders through dividends and share repurchases. Apple Inc. (NASDAQ:AAPL) also pays dividends and has raised its payouts for 11 consecutive years. In the past five years, the stock has delivered a staggering return of 209.6%.

As of the close of Q2 2023, 135 hedge funds tracked by Insider Monkey reported having stakes in Apple Inc. (NASDAQ:AAPL), up from 131 in the previous quarter. Warren Buffett’s Berkshire Hathaway was the company’s leading stakeholder in Q2.

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