'I never thought it would actually reach $510': Liontrust's Uru dumps Apple after hitting $2trn mark

Switching from tech giant to Disney

Liontrust's Storm Uru sold out of Apple after it hit his three-year price target on breaching the $2trn market cap barrier, admitting: "I never thought it would actually reach $510".

Uru said his Liontrust Global Dividend fund had offloaded the tech giant this year, recycling the proceeds into Disney and Estée Lauder. The manager accepted Apple continued to have structural tailwinds behind it, including from the forthcoming 5G cycle. The stock had previously been a key example of Uru's process, which is to search for companies delivering consistently high cashflow return on capital.  'Significant tailwinds' can sustain FAANG outperformance despite growing regulation risk This, he explained, means a firm can continually reinvest into their business as they gr...