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 Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 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!