“For 361 days of the year, hedge funds are black holes — invisible to the public,” Philip Elmer-DeWitt reports for Fortune. “But once every three months, 45 days after the end of the quarter, they are required by the Securities Exchange Commission to disclose any changes in their holdings in a so-called Form 13F.”
“The 13Fs for the first quarter of 2014 came in Thursday, and according to Whale Wisdom’s Daniel Collins, Apple (AAPL) topped the list once again — both in terms of the number of firms holding the stock and in the value of their holdings — although the gap between No. 2 Microsoft (MSFT) was narrower this quarter,” P.E.D. reports. “Apple closed the quarter at an adjusted share price of $554.58, up 20%, but the aggregate number of shares held by firms with over $100,000 in management actually fell 6% — perhaps because Apple was once again in the market aggressively buying up its own stock.”
List of which hedge funds bought and which ones sold Apple last quarter here.
So the aggregate went down, but the stock price jolted up?
Actually I just looked at the stock chart. All of this happened before Apple’s report in April, so these are probably old numbers.
Still… we could have a real bloodbath with some of these forms trying to get out of their short positions.
firms*
Or not…