Apple Inc. (AAPL): Billionaire Ken Fisher Just Gave The Stock a Giant Vote of Confidence

Billionaire Ken Fisher is an investment fund manager, not a hedge fund manager, and he chooses to disclose his 13F filings, which are used to track the equity holdings of prominent investors, earlier than his peers. 13F forms are very useful for investors, who like to use it as a way to find stock ideas for further research. According to a filing from April 8th, Fisher has rencently increased his stake in Apple Inc. (NASDAQ:AAPL) by 551,660 shares.

Owning at the end of 2012 a total of 949,124 shares, Fisher currently has 1,500,784 shares in Apple Inc. (NASDAQ:AAPL), according to a Form 13F filed by Fisher Asset Management’s Chief Compliance Officer, Tom Fishel to the United States Securities and Exchange Commission (SEC).

Ken Fisher FISHER ASSET MANAGEMENTNot so far ago, we have reported about hedge funds’ top consensus picks, where we mention that Apple, despite being the most popular stock among hedge funds for a very long time, according to the latest filings, hedge funds were dumping their top tech picks in favor of financials.

According to the 13F filings for the last quarter of 2012, Apple Inc. (NASDAQ:AAPL) had surrendered the first place as the most popular stock in favor of American International Group Inc (NYSE:AIG); 142 hedge funds held long positions in the insurer. Even though in the last three months of 2012, 132 of the funds we track were still long Apple, 26 stocks dumped the stock, while top-tier hedge fund managers like Dan Loeb or Stephen Mandel were cutting Apple Inc. (NASDAQ:AAPL) entirely in the fourth quarter.

Fisher’s latest move into Apple, then, is a gargantuan development.

Ken Fisher is one of the 40 or so billionaires that we track in the MarketWatch Insider Monkey Billionaire Hedge Fund Index. Also, he has ranked in Forbes’s 400 richest Americans (252nd position in 2010 list).

In his 13F filing from the previous quarter, Fisher had reported holding about 33 million shares in Cisco Systems, Inc. (NASDAQ:CSCO), 19 million shares in Wells Fargo & Co (NYSE:WFC), and 3.3 million shares in International Business Machines Corp. (NYSE:IBM). Also, in an article in Forbes (where Fisher works as a columnist), he said that his top stock pick for 2013 is Pfizer Inc. (NYSE:PFE). The drug manufacturer is Fisher’s largest holding, where his fund has about 32 million shares.

For more Apple Inc. (NASDAQ:AAPL) news, check out how analysts are trading the stock.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!