“Institutional ownership of Apple Inc. shares declined by about 4% in the second quarter, the third such quarterly decline in a row, according to Michael Amenta, research analyst at FactSet,” Wallace Witkowski reports for MarketWatch. “But with a recent rebound in the tech giant’s share price, that trend may not hold.”
“In the second quarter, Apple ownership declined by 3.5% among institutional shareholders, with Fidelity Management & Research — Apple’s largest holder as recently as the third quarter of 2012 — the largest seller during the period,” Witkowski reports. “Over one year, Fidelity’s stake in Apple has declined to 3.2% from 4.8%, according to FactSet.”
Witkowski reports, “Over the second quarter, Apple shares fell 10.4% to close at $396.50. That tide may have shifted though. Shares have rebounded 28% since the end of the second quarter.”
Read more in the full article here.
And looking at the price today, they lost a ton of cash.
Yeah I get a really nice cruel chuckle out of that to the “ye of little faith.” Those that listen to the clueless ANAL-lyst sword DIE financially by the ANAL-Lyst bad advice sword.
Dump n Pump?!?
^ Possibly. Too much momentum on the upswing now. We’re off to 600.
AAPL had been pegged last october in the options market not to move until august… why would funds complicit in this knowledge not take out a bunch of cash from AAPL and go play in the casino elsewhere where their money would not be standing still? Now that AAPL is moving, the institutional investors will come back.
The analysis in the linked article is flawed. Because share prices changed, the number of shares held is NOT proportional to the $$ value of holdings.
I read another article yesterday that said hedge fund managers INCREASED their holdings of AAPL during the same quarter.
Google stock charts definitely shows a decline in institutional ownership. I tend to watch this carefully. One thing that has taken place is now there are more institutional owners despite major institutions decreasing their positions. It could be a good thing in the long run.
Apple is down to 62% from its high of last year of 67%. Meanwhile Google is at 71% ownership. It shows what the big money thinks of Apple as an investment. All the buybacks, dividends and growing reserve cash and Apple is still on the sh!t-list compared to Google. Eric Schmidt, Larry Page and Google shareholders must be laughing all the way to the bank after undermining iOS with Android OS. Although it doesn’t mean all that much for Apple it’s still rather disappointing to experience such an utter defeat in terms of market share.