“A new report reveals hedge fund investors turned back to Apple for investments in the last quarter, making the Cupertino company the most-held stock among those investors,” Kevin Bostic reports for AppleInsider.
“Citi analyst Tobias Levkovich noted in his most recent report that Google remains the most held stock among mutual funds, a position the search giant took from Apple in March of this year,” Bostic reports. “Apple, though, beat out Google, Priceline, and Qualcomm to take first place among hedge fund holdings.”
Bostic reports, “Apple previously lost the top spot to insurance giant AIG in February, according to some estimates. At the time, Apple fell to third place behind Google. Google subsequently went on to become the top holding in both hedge and mutual funds in March.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Judge Bork” and “Edward W.” for the heads up.]
Apple is the hedge fund king once again – May 16, 2013
More top hedge funds dropped Apple shares in first quarter – May 15, 2013
Google overtakes Apple as top U.S. hedge fund, mutual fund holding – March 7, 2013
Goldman Sachs: Apple out, AIG in as hedge fund fave – February 21, 2013
Big surprise: Hedge funds fueled Apple stock’s fourth-quarter plunge – February 14, 2013
Hedge funds load up on Apple stock – August 14, 2012