Horizon Kinetics LLC, an investment management company, has released its Q4 2023 Investor Letter. You can download a copy of the same here. The letter discussed a comprehensive discussion of global macroeconomic conditions and plans. Check out the fund's top 5 holdings to learn more about the best stocks of 2023.
Horizon Kinetics highlighted stocks such as Apple Inc. (NASDAQ:AAPL) in its Q4 2023 Investor Letter. Apple Inc. (NASDAQ:AAPL), headquartered in Cupertino, California, is a multinational technology company that designs and manufactures smartphones, computers, tablets, wearables, and accessories. On February 23, 2024, Apple Inc. (NASDAQ:AAPL) stock closed at $182.52 per share. His 1-month return for Apple Inc. (NASDAQ:AAPL) is -4.80%, and the company's stock has increased 23.39% in value over the past 52 weeks. Apple Inc. (NASDAQ:AAPL) has a market capitalization of $2,818 billion.
Horizon Kinetics said the following about Apple Inc. (NASDAQ:AAPL) in its Q4 2023 investor letter:
“Importantly, if BYD looks from the domestic market to direct global competition, other Chinese companies can do the same. A visible example concerns the second most important company in the world: the S&P500, Apple. (NASDAQ:AAPL).
In September 2023, Huawei Technologies announced the Mate 60 Pro smartphone. It uses his own 5G-enabled chip, which clearly competes with the Apple A17 chip. In practical terms, it has the functionality of the iPhone 15 Pro. This came as a big surprise, perhaps even a shock, to the U.S. technology community, as four years ago the U.S. had imposed harsh sanctions against China's access to cutting-edge semiconductor manufacturing technology…” (Full text) Click here to read )
Apple Inc. (NASDAQ:AAPL) ranks 10th on the list of 30 most popular stocks among hedge funds. According to our database, Apple Inc. (NASDAQ:AAPL) was held by 131 hedge fund portfolios at the end of the fourth quarter, down from 134 stocks at the prior quarter.
We covered Apple Inc. (NASDAQ:AAPL) in another article and shared a list of the best leading stocks to buy. Additionally, for investor letters from hedge funds and other leading investors, please visit our Hedge Fund Investor Letters Q4 2023 page.
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Disclosure: None. This article was originally published on Insider Monkey.
