“Apple’s stock, widely held by hedge funds, is now even more popular,” Chris Ciaccia reports for TheStreet.
“Investment managers including Viking Global Investors, Renaissance Technologies, Third Point and others increased their positions in the iPhone, iPad and Mac maker during the second quarter,” Ciaccia reports. “Shares of Apple fell during the period, losing 2.6% of its value, compared with a 5.1% decline in the Nasdaq.”
Ciaccia reports, “The $12 billion long-only [Viking Global Investors] fund run by Andreas Halvorsen and David C. Ott added 807,300 shares to bring their stake to just over 980,000 shares.”
Read more about some of the more notable hedge fund investors and what they did with their Apple holdings during the second quarter in the full article here.
They should get a nice dividend check.
…and they have all the tax loopholes to take advantage of .
“Loopholes” such as… ?
+1
Let The Manipulation Begin.
2 control or influence (a person or situation) cleverly, unfairly, or unscrupulously : the masses were deceived and manipulated by a tiny group.
• alter (data) or present (statistics) so as to mislead.
Well, manipulation at this time is going to be less successful seeing as the masses are driving up AAPL’s price to something approaching reasonable due to the impending dividend payout. After Thursday, expect the usual fakery, FUD and fraud to begin again.
So who here still believes in the value of stock invested 401k plans? 😯
Depends on the stock.