Seeing as Apple Inc. (NASDAQ:AAPL) is scheduled to report its Q2 FY2013 financials today, it will be especially important to see how any particular key announcement affects individual and institutional Apple shareholders, including those operating in the hedge fund space. With this in mind, it is worth looking at the major hedge funds invested in Apple, and how they were adjusting their positions for the year 2013.
We have compiled a list of the top 10 hedge funds with maximum exposure to Apple Inc. (NASDAQ:AAPL) shares, focusing on long-only holdings–no options are in play. In this list we have the hedge fund’s name, manager information and a link to their full profile, the size of each position as of the fund’s last 13F filing with the SEC, market value at the current market price, and quarter-over-quarter change in the size of the position.
Photo Credit: Karl Baron
The weight that Apple also has on the fund’s 13F portfolio is also included in the discussion.
The following Apple Inc. (NASDAQ:AAPL) list has all of the hedge fund world’s biggest names, like D.E. Shaw, David Einhorn of Greenlight Capital, Ken Griffin of Citadel Investment Group, and David Tepper’s Appaloosa Management LP, to name a few.
Generally speaking, hedge fund sentiment isn’t a metric that is used by many retail investors, but our research has shown that those who pay attention to bullish activity have been handsomely rewarded trouncing the S&P’s return in the process. You can learn more about the phenomenon of hedge fund activity here, on Insider Monkey, your source for all things related to the smart money.
It’s worth pointing out that Apple Inc. (NASDAQ:AAPL) isn’t hedgies’ favorite stock anymore–that title would have to go to AIG–but it’s still extremely popular among the ranks. The industry’s full interest among the funds we track can be seen here, on Apple’s profile page.
The image of Apple Inc. (NASDAQ:AAPL)’s HQ above was taken by kalleboo, and was originally featured in this article: Apple: 5 Insane Images Of The New HQ.
Take a look at the full list:
No. 10
Fund name: Arrowstreet Capital
Manager: Peter Rathjens, Bruce Clarke And John Campbell
Shares of Apple owned heading into 2013: 700,737
Today’s market value: $ 280 million
Activity: +84%
Percentage of equity portfolio: 1.89%
No. 9
Fund name: Discovery Capital Management
Manager: Rob Citrone
Shares of Apple owned heading into 2013: 716,192
Today’s market value: $ 286 million
Activity: -64%
Percentage of equity portfolio: 5.5%
No. 8
Fund name: Columbus Circle Investors
Manager: Donald Chiboucis
Shares of Apple owned heading into 2013: 734,735
Today’s market value: $ 294 million
Activity: -25%
Percentage of equity portfolio: 3.13%
No. 7
Fund name: Appaloosa Management LP
Manager: David Tepper
Shares of Apple owned heading into 2013: 912,661
Today’s market value: $ 365 million
Activity: +75%
Percentage of equity portfolio: 10.53%
No. 6
Fund name: Fisher Asset Management
Manager: Ken Fisher
Shares of Apple owned heading into 2013: 949,124
*Fisher has issued his Q1 13F early. In it, he announced his Apple stake was upped by 551,660 shares to a little over 1.5 million.
Today’s market value (of Q1 position): $ 606 million
No. 5
Fund name: Citadel Investment Group
Manager: Ken Griffin
Shares of Apple owned heading into 2013: 1,041,890
Today’s market value: $ 417 million
Activity: +91%
Percentage of equity portfolio: 0.85%
No. 4
Fund name: Tiger Global Management LLC
Managers: Chase Coleman and Feroz Dewan
Today’s market value: $ 420 million
Activity: -19%
Percentage of equity portfolio: 10.37%
No. 3
Fund name: Greenlight Capital
Manager: David Einhorn
Shares of Apple owned heading into 2013: 1,307,006
Today’s market value: $ 523 million
Activity: +20%
Percentage of equity portfolio: 10.89%
No. 2
Fund name: Adage Capital Management
Manager: Phill Gross And Robert Atchinson
Shares of Apple owned heading into 2013: 1,331,636
Today’s market value: $ 533 million
Activity: +1%
Percentage of equity portfolio: 2.6%
No. 1
Fund name: D E Shaw
Manager: D. E. Shaw
Shares of Apple owned heading into 2013: 1,549,030
Today’s market value: $ 620 million
Activity: +1%
Percentage of equity portfolio: 2%
Disclosure: none
