“Apple which recently hit $500 a share for the first time, is growing in popularity with hedge fund managers, reflecting the consumer tech giant’s upward trajectory,” Olivia Oran reports for MarketWatch.
“Star hedge fund managers such as David Einhorn of Greenlight Capital and Steven Cohen of SAC Capital Advisors increased their stakes in Apple, according to 13F filings for the period ending Dec.31, 2011,” Oran reports. “The iPhone maker, which recently reported stellar first-quarter results, is expected to continue its product momentum in 2012.”
Full article, with a roundup of high profile hedge funds who added to–or decreased–their stakes in Apple at the end of 2011, here.