“Top U.S. hedge funds added to their positions in Apple Inc during the second quarter, even as shares of the iPhone maker were flat during the period,” Ross Kerber reports for Reuters.
“Filings with the U.S. Securities and Exchange Commission released on Friday showed Philippe Laffont’s Coatue Management added 860,000 Apple shares during the three months ended June 30, giving it 8.5 million shares in all,” Kerber reports. “Other so-called 13F filings showed London hedge fund manager Nevsky Capital LLP added 751,000 shares of Apple in the quarter, increasing its stake to 2.56 million shares. Tiger Eye Capital LLC added 25,000 shares of Apple to bring its total stake to 356,502 shares, filings showed.”
“At the end of the first quarter Apple was one of the most popular stocks owned by hedge funds, according to Goldman Sachs research,” Kerber reports. “Still, during the first quarter of this year a number of hedge funds cut their stakes in Apple as its shares rallied, previous filings showed.”
Read more in the full article here.
MacDailyNews Take: AAPL, feeling the hedge fund love again.
SEE ALSO:
What to make of Apple’s stock drop – August 14, 2015
Jim Cramer: This is why you hold Apple stock – August 10, 2015
Apple’s biggest problem: Wall Street – August 6, 2015
Apple stock will rebound for the same reason it’s swooning – August 6, 2015
Morgan Stanley: This is your chance to buy shares of Apple at a discount – August 6, 2015
Apple stock implosion shreds $113.4 billion and counting – August 4, 2015
Apple poised for $50 billion valuation loss after posting ‘disappointing’ record earnings – July 21, 2015
Apple shares plunge after ‘disappointing’ record third quarter results – July 21, 2015
Apple pulverizes the Street with record third quarter results – July 21, 2015
We knew this already. And they made bank. Now it’s time to form a posse to wrangle the manipulators.
Believe what you will. I just saw where a huge hedge fund reduced its shares of AAPL on television just five minutes ago. And the hedge fund manager was there in person so that can’t be disputed. September 2015 could look like September 2012. You do remember September 2012 don’t you? The start of an almost 50% drop the day after the iPhone 5 was introduced. And that was a new bigger phone not simply an iteration of the current iPhone. You know what they say about learning from history and those people who do not.
Nostradumbass!
Wow! That makes a tremendous amount of sense! The great lesson of 2012!
Hedge funds add Apple holdings …after trash-talking the stock down.
Anyone surprised?