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Apple is the largest holding in Meeks's Sextant Growth Fund, representing approximately 7 percent of assets. Other top holdings include Amazon.com, Johnson & Johnson, Honeywell and Delta Airlines.
Meeks noted that the fund had purchased shares at an average cost of $8.25 per share.
Apple would likely continue to innovate, he added, noting new products already in the pipeline.
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"What happens over time, it's not just an iPhone story," Meeks said. "Well, you may have a new iPhone S. You may have a lower-cost iPhone. But you also have the iWatch and the television and maybe a deal with China Mobile, so there's other catalysts besides a laser-beam focus just on the iPhone franchise."
Meeks also said that he remained positive on chip maker and iPhone supplier Qualcomm.
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"The reason I continue to like it long-term is that they will continue – in my view, even as technology evolves –to dominate their space in mobile chips, which is a very important, very large, fast-growing space," he said. "However, as the market has morphed, we're going from developed countries to emerging markets. We're going from smartphones to feature phones.
"I like Qualcomm a lot."
— By CNBC's Bruno J. Navarro. Follow him on Twitter @Bruno_J_Navarro. CNBC's Patricia Martell contributed to this report.
Trader disclosure: On July 23, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Josh Brown is long AAPL; Josh Brown is long XLU; Josh Brown is long TGT; Josh Brown is long DD; Joe Terranova is long VRTS; Joe Terranova is long TRV; Joe Terranova is long AXP; Joe Terranova is long OXY; Joe Terranova is long EMC; Joe Terranova is long MS; Joe Terranova is long GS; Joe Terranova is long CRUDE OIL FUTURES; Steve Weiss is long BAC; Steve Weiss is long C; Steve Weiss is long MS; Steve Weiss is long GILD; Steve Weiss is short CAT; As of 7/22/13 Jon Najarian is long AAPL; Jon Najarian is long GLD ; Jon Najarian is long ABX; Jon Najarian is long NUGT; Jon Najarian is long BBRY; Jon Najarian is long PBR; Jon Najarian is long ITUB ; Jon Najarian is long WLL; Jon Najarian is long ZNGA.