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

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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 Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!