Prominent investment fund managers loaded up on Apple before recent share price decline

“Several prominent investors put fresh money to work in Apple during the third quarter even as they sold out of other high-flying tech companies, betting the iPhone maker’s stock would keep rising as strong growth overshadowed rising trade tensions between the United States and China,” Svea Herbst-Bayliss and David Randall report for Reuters. “The purchases, which were revealed in securities filings on Wednesday, may be leaving large investors with steep losses if Apple continues its more than 15 percent decline for the month so far.”

MacDailyNews Take: Only if they sell. (Hopefully their rules allow them to hold for a bit).

“Mutual fund giant Fidelity added 7 million shares, bringing its total holdings to 110.9 million shares,” Herbst-Bayliss and Randall report. “Janus Henderson Group added 3.3 million shares for a total of 20.8 million shares and J.P. Morgan Chase & Co boosted its holding to 42.7 million shares after adding 1.3 million. Philippe Laffont’s Coatue Management made a big bet by raising his exposure by 938 percent to 884,321 shares while Chase Coleman’s Tiger Global Management put on a new position to own just over 1 million shares.”

“Despite the steep declines in Apple, some hedge fund managers said that they are continuing to add to shares in the company,” Herbst-Bayliss and Randall report. “The moves into the shares of Apple came at a time when several prominent hedge funds were starting to shed their holdings of the FANG stocks – Facebook Inc, Inc, Netflix Inc, and Google’s parent Alphabet Inc.”

Read more in the full article here.

MacDailyNews Take: Now, bundle up, put on the tea kettle, and ride out the storm!

Apple supplier AMS cuts forecast – November 15, 2018
Apple: Ignore the noise – November 14, 2018
Dialog Semi says not seeing hit to demand from Apple – November 14, 2018
Don’t panic about iPhone sales just yet – November 14, 2018
Apple stock: This is not a repeat of 2015-16 – November 14, 2018
Apple’s Asian suppliers fall on report of canceled iPhone XR production boost – November 6, 2018
Nikkei claims iPhone XR production cuts, Apple stock drops over 3% – November 5, 2018
Apple’s revolutionary iPhone X was the world’s best selling smartphone in Q118 – June 14, 2018
Nikkei again claims ‘weak demand’ for iPhone X despite much evidence to the contrary – February 20, 2018
iPhone X drives smartphone revenue dominance; Apple made more money in Q417 than the rest of the smartphone makers combined – February 16, 2018
Apple iPhone took more than half of worldwide smartphone revenue share in Q417, a new record – February 15, 2018
Apple supplier says report of iPhone X production cuts was overstated – January 30, 2018
Another January, another misleading iPhone supply cuts story from Nikkei – January 29, 2018
Apple stock drops after Nikkei report of iPhone X production cut – January 29, 2018
Canalys: Apple shipped 29 million iPhone X units in Q4 2017; world’s best-selling smartphone over the holiday season – January 23, 2018
Reports of Apple cutting iPhone X orders make no sense – January 2, 2018
Apple stock tumbles on one poorly-sourced report of low iPhone X demand – December 26, 2017
Apple and suppliers shares drop on report of weak iPhone X demand – December 26, 2017
Nikkei: Apple to decrease iPhone production 10% in first quarter of 2017 – December 30, 2016


    1. At least smart retail investors should keep their cool when the rest of the herd is stampeding away. It’s really silly to dump like those hedge fund traders are doing. I’m really long Apple and never bought stock on margin, so why should I panic. It’s not easy to find better-performing stocks when the entire market is in turmoil. While the fools are dumping Apple stock, I’m holding and getting my dividends which is great for me. Always think long-term if you can.

  1. I bought during the early stages of this recent decline and I’m entirely sanguine about it. I have no doubt that the stock will rise again and greatly exceed the price I paid. I’ve been in this situation many times before and expect to be in exactly the same position from time to time in the future too.

    I’m an investor, not a speculator, so I don’t need to show a big profit by the end of each quarter. Long term gains are absolutely fine by me.

  2. This could explain in part the severity of this correction, as these speculators scurry for the exits.

    As always, press commentary on this is shallow and sensational – even at its lowest, this only took us back to July’s prices, and though the spike in price since then might be justified, such spikes also usually presage a correction.

    And what’s more predictable than Ming-Chi Kuo and Nikkei triggering a drop with their fake takes. Guys, if you’re going to make such dodgy predictions, at least use fresh tea leaves…! 😏

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