“I’ve explained before why I think Apple is going to be the world’s first trillion dollar company,” James Altucher reports for The Wall Street Journal. “I also explained my admiration for the man behind it in, 10 Unusual Things About Steve Jobs.”
Altucher reports, “But it also helps to see some of the other forces behind Apple, particularly some of the billionaires who are far smarter than me who are busy accumulating shares of the company while mom and pop portfolios are being scared into selling.”
• Stevie Cohen of SAC Capital bought 553,000 more shares of APPL last quarter, bringing his total to $282 million worth.
• Ken Griffin at Citadel bought 2.5 million shares of Apple last quarter.
• George Soros bought 57,000 shares of Apple, bringing his total ownership to just under $100 million.
• Dan Loeb, from Third Point Capital, a noted activist investor, bought 10,000 new shares of APPL. His total position now is worth slightly over $50 million.
Read more in the full article here.