Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Mega Apple Inc. (AAPL) Investor Just Dumped a Ton of Shares

The largest Apple Inc. (NASDAQ:AAPL) shareholder, equity mutual fund Fidelity Contrafund managed by Will Danoff, has reduced its stake in the company by about 10 percent in January-February 2013. The fund, which had about 11.56 million shares of Apple at the end of last year, has reported owning 10.43 million shares at the end of February, according to Reuters.

Should this Concern Apple Inc. (AAPL) and Google Inc (GOOG)?

In this way, after the selling of the shares, Apple fell to the second position, giving the first place to Google Inc (NASDAQ:GOOG) as Fidelity’s largest holding. Google accounts for 5.6% of the fund’s net assets, while Apple Inc. (NASDAQ:AAPL) now accounts for 5.2% of the Fidelity net assets.

Apple saw a declination in hedge fund interest last quarter, and was actually bounced from its No. 1 spot amongst the smart money by post-bailout insurer American International Group Inc (NYSE:AIG).

The change of the positions in Fidelity’s net assets, meanwhile, reflects the fact that Apple Inc. (NASDAQ:AAPL) was passed by Google as the top U.S -based mutual and hedge fund holding, according to AppleInsider. Based on a study from last month, Google was the most owned stock by the 50 largest actively managed mutual funds in the US.

On Monday, shares of Apple lost about 2% in morning trading, and since the launch of the last version of Apple’s iPhone (iPhone 5), over the last six months, the company’s shares lost almost 35%.

Analysts and market-watchers are concerned about Apple’s slowing growth, which is reflected by Google’s win in the smartphone market (Google’s Android has the largest market share). Analyst Gene Munster of Piper Jaffray even said that it is time to lower the expectations about Apple for the coming quarter, despite the fact that after hitting a 52-week low of $419, Apple’s shares slightly picked up 12% to $469.

At the same time, retail investors are also trying to figure out what is going on with Apple Inc. (NASDAQ:AAPL) and if the things can get still get worse. Many are also demanding higher dividends or a buy back of the shares, giving the existence of $137-billion cash reserves, despite the fact that a significant portion of this is tied up overseas.

Yes, Apple Inc. (NASDAQ:AAPL) does consider itself a “software company,” but numbers show that hardware actually is the one that rules in terms of sales and margins. Mr. Market is still waiting for the Apple’s next product cycle, and it’s possible that a rumored ‘iTV’ or an ‘iWatch’ could boost investors’ sentiments, along with a lower cost iPhone.

We’ve also compiled a list of the world’s biggest companies.


Disclosure: none

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!