“Apple’s stock, widely held by hedge funds, is now even more popular,” Chris Ciaccia reports for TheStreet.
“Investment managers including Viking Global Investors, Renaissance Technologies, Third Point and others increased their positions in the iPhone, iPad and Mac maker during the second quarter,” Ciaccia reports. “Shares of Apple fell during the period, losing 2.6% of its value, compared with a 5.1% decline in the Nasdaq.”
Ciaccia reports, “The $12 billion long-only [Viking Global Investors] fund run by Andreas Halvorsen and David C. Ott added 807,300 shares to bring their stake to just over 980,000 shares.”
Read more about some of the more notable hedge fund investors and what they did with their Apple holdings during the second quarter in the full article here.