These Hedge Funds Have Been Killed By Apple Inc. (AAPL)’s Selloff

Apple Inc. (NASDAQ:AAPL) is the most popular stock in the hedge fund industry; that’s no question. Of the 400+ money managers we track here at Insider Monkey, Cupertino takes the cake with 146 funds invested, above the likes of Google Inc (NASDAQ:GOOG)‘s 132 and American International Group, Inc. (NYSE:AIG)‘s 110. Thus, it’s important to understand that it’s not just retail investors who have been harmed by Apple’s selloff, but the smart money as well.

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

Without further ado, let’s take a look at the top 12 hedge funds invested in Apple Inc. (NASDAQ:AAPL) at the end of the last 13F filing period with the SEC. This data is gathered from our records (see every hedge fund invested in this tech giant), and is organized by the percentage of 13F capital that each fund has allocated to shares of AAPL. Long-only positions are shown below.

Without a doubt, the most committed Apple Inc. (NASDAQ:AAPL) bull in the hedge fund industry–at least at the end of the third quarter–was Robert Raiff’s Raiff Partners, which had close to a quarter of its 13F assets invested in the tech giant. Rob Citrone also had over 20% of his portfolio invested in the stock, and held a much larger position, in dollar terms.

Some of the bigger names on this list include David Einhorn’s Greenlight Capital, Tiger Global Management, and Tiger Management, though it’s worth noting that the total size of Citrone’s position trumps this trio quite handily.

Of this dozen, John Hurley’s Cavalry Asset Management was the most bullish in the third quarter, increasing the size of his Apple Inc. (NASDAQ:AAPL) investment by a whopping 437%.

A few other names that aren’t on this list, but fell in the top 20 include David Tepper and Dan Loeb, two of the hedge fund industry’s most prominent billionaires.

As of this writing Apple is still up close to 8% over the past year, but its 6-month (-24.5%), 3-month (-26.5%) and 1-month (-12.8%) returns are pitiful, making it a failed gamble for any investors hoping to catch a falling knife, so to speak.

Moving forward, we’ll be excited to see the next round of 13F filings, to see what hedgies have been doing with Apple Inc. (NASDAQ:AAPL) more recently, but until then, it’s still important to track which money managers have been hurt most by the stock’s selloff.

For more Apple coverage, continue reading here:

Almost Every Investor is Misunderstanding This Apple Fact

Apple: Cut Losses, Hold, or Double Down?

Is Apple the Next RIM?

Disclosure: I have no positions in any of the stocks mentioned above

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!