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“Apple is everywhere on Wall Street. Few stocks are as widely held in regular mutual funds as well as in hedge funds,” Arends reports. “Few affect the performance of so many retirement portfolios. This is especially unusual because Apple is such a volatile growth stock. In recent years it’s fallen by two-thirds and it’s quadrupled. Most of the other shares that crop up in every portfolio are dull ones like Exxon Mobil or Procter & Gamble or Johnson & Johnson.”
Arends reports, “According to a review of company filings that I conducted using FactSet, a market data provider, an astonishing 4,100 mutual funds hold stock in Apple. (That compares to just 3,630 for Exxon and J&J and 3,200 for P&G, although the figure for Microsoft is even higher at almost 4,800.) And many of the funds holding Apple are making very big bets on the stock on your behalf: More than 750 of them have invested at least 5% of their entire portfolio in this one stock. Seven hundred and fifty. (The figure for Exxon: just 188.)”
“In fact, more than 100 mutual funds have invested more than 10% of their assets in Apple,” Arends reports. “If your U.S. stock portfolio is up over the past few years, and especially last year, Apple’s remarkable performance probably has something to do with it. So you might want to pay attention to events at One Infinite Loop in Cupertino, Calif., after all. It’s not just about the next iPad. We are all Apple stockholders now.”
Full article here.
[Thanks to MacDailyNews Reader “Citymark” for the heads up.]
Yes, I suppose we are all Apple stockholders now, though I still seem to have a tough battle trying to convince some financial advisers to include AAPL in their investment portfolio.
Of course the solution is to go to one that does have AAPL in their portfolio.
Wow, 4800 hold Microsoft, a stock that hasn’t moved in 10 years? I guess that means it’s safe, but what’s the point if you’re not earning anything?
No, you own shares in a mutual fund that own Apple shares. As someone who owns Apple stock directly and owns funds that owns Apple shares, I know the difference.
@Progressive Agent Provocateur : Wow, you really missed the point of this piece, didn’t you? I also own both, and I also know the difference. Such hair-splitting misses the point. Would you feel more comfortable if the author had used the term “stakeholder”? I believe that was his point.
Mutual funds, what’s the point?!
I just received my quarterly report last night (granted I only do a very minimal amount each month to keep my wife and creditors happy).
Let’s see, I’ve been adding to it for over 13 year and my total “growth” has been 20% over what I have actually put in in all those years. What a waist of time and money. Hell, I do 25% in six months controlling my own investing.
I prefer my 5000% increase in my AAPL investments.
Mutual funds…..investments for people who are not good at math.
Mutual funds, what’s the point?!
I just received my quarterly report last night (granted I only do a very minimal amount each month to keep my wife and creditors happy).
Let’s see, I’ve been adding to it for over 13 year and my total “growth” has been 20% over what I have actually put in in all those years. What a waist of time and money. Hell, I do 25% in six months controlling my own investing.
I prefer my 5000% increase in my AAPL investments.
Mutual funds…lotteries…investmenting for people who are not good at math.
waste not waist
investmenting????
Glad you are good at Maths as your English needs some work.