Apple Share Price History: While some investors are shying away from Apple Inc. (NASDAQ:AAPL), others, including hedge fund managers, are becoming increasingly bullish on shares of the Cupertino based company. This is saying a lot, considering the fact that consumers are concerned about when Apple is finally going to release a new or updated device.
Let’s take a closer look at what other hedgies were up to, in terms of Apple Inc. (NASDAQ:AAPL) position, as of the fourth quarter 2012:
1. Sab Capital Management. 230,602 shares. 18 percent of portfolio.
2. Valiant Capital. 313,527 shares. 16.62 percent of portfolio.
3. Raiff Partners. 24,300 shares. 14.93 percent of portfolio.
4. Tiger Veda. 48,790 shares. 11.7 percent of portfolio.
5. Artis Capital Management. 81,160 shares. 11.07 percent of portfolio.
6. Greenlight Capital. 1,307,006 shares. 10.89 percent of portfolio.
7. Appaloosa Management Lp. 912,661 shares. 10.53 percent of portfolio.
8. Tiger Global Management LLC. 1,050,000 shares. 10.37 percent of portfolio.
9. Csat Investment Advisory. 43,502 shares. 9.65 percent of portfolio.
10. Seneca Capital. 49,500 shares. 8.86 percent of portfolio.
As you can see above, these are the top 10 Apple Inc. (NASDAQ:AAPL) hedge fund shareholders in terms of percent of shares in portfolio. Outside of Csat Investment Advisory, every hedge fund on the list showed an increase in activity during the quarter.
When you look at this list, you will see that Einhorn’s Greenlight Capital checked in at number 6. While his fund may not be at the top of the list in terms of percent of portfolio invested in Apple, it is important to note that he has the most shares of all the hedge funds.
Of course, since this data is from the fourth quarter things have changed.
Einhorn, among others, have been bullish holders of Apple Inc. (NASDAQ:AAPL) and have continued to add to shares in recent quarters. And with Greenlight adding to its position earlier today, this may be a sign of things to come in the near future.
While Greenlight holds the most shares of hedge funds listed above, by percent of portfolio, others are even more bullish. For example, Citadel Investment Group held 10,265,200 shares as of the fourth quarter. Trailing closely behind was D E Shaw with 3,102,300 shares and Oz Management with 1,699,700.
Now that Einhorn has taken the leap and added to his position, what are your thoughts on what other hedge funds will do when it comes to their Apple Inc. (NASDAQ:AAPL) investment? Should we expect some “follow the leader” to happen here? Share your thoughts on what the future holds in the comment section below.
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