Here’s Why Apple Inc. (AAPL) Is in Spotlight Today

As industrywide interest jumped, key money managers were leading the bulls’ herd. Soroban Capital Partners, managed by Eric W. Mandelblatt, assembled the most valuable call position in Apple Inc. (NASDAQ:AAPL). Soroban Capital Partners had $1.6872 billion invested in the company at the end of the quarter. Warren Buffett’s Berkshire Hathaway also initiated a $1.0694 billion position during the quarter. The other funds with new positions in the stock are Eric W. Mandelblatt’s Soroban Capital Partners, John Griffin’s Blue Ridge Capital, and Karthik Sarma’s SRS Investment Management.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Apple Inc. (NASDAQ:AAPL) but similarly valued. We will take a look at Alphabet Inc (NASDAQ:GOOGL), Alphabet Inc (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), and Berkshire Hathaway Inc. (NYSE:BRK-B). This group of stocks’ market caps match AAPL’s market cap.

As you can see these stocks had an average of 128 hedge funds with bullish positions and the average amount invested in these stocks was $17573 million. That figure was $14822 million in AAPL’s case. Alphabet Inc (NASDAQ:GOOGL) is the most popular stock in this table. On the other hand Berkshire Hathaway Inc. (NYSE:BRK-B) is the least popular one with only 71 bullish hedge fund positions. Apple Inc. (NASDAQ:AAPL) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard GOOGL might be a better candidate to consider a long position.

Disclosure: None