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  • Hedge Fund Heavyweight Increases Bet on AAPL


    According to the latest SEC filings published this week, some of the world's foremost hedge funds actually pared back their holdings in AAPL in Q3.

    A filing with the U.S. Securities and Exchange Commission released on Monday showed that Adage Capital Partners held 8.5 million Apple shares on Sept. 30, down 4 percent from June 30. Other filings showed that Appaloosa Management held 1.3 million Apple shares as of Sept. 30, down from 2.5 million shares on June 30
    But not all hedge funds are pessimistic. In fact, some of the biggest boys in the game went the other way with their bets.

    A standout buyer of AAPL last quarter was David Einhorn's Greenlight Capital. The hedge fund giant now clings to 11.2 million Apple shares as of September 30th. That's up significantly from 7.4 million shares of the Mac maker just three months prior.

    As for billionaire Carl Icahn? He still has 52.8 million Apple shares, unchanged over the last quarter ending in June 2015. Same goes for Cliff Asness' AQR Capital Management, which retains 7.6 million Apple shares, "little changed from the prior quarter," Reuters notes.

    Source: Reuters
    This article was originally published in forum thread: Hedge Fund Heavyweight Increases Bet on AAPL started by Michael Essany View original post