Balyasny Asset Management: Performance, AUM, Holdings

2. Apple Inc. (NASDAQ:AAPL)

In Apple Inc. (NASDAQ:AAPL), Balyasny boosted its stake by 123% to 1.95 million shares valued at $281.19 million during the second quarter. Apple Inc. (NASDAQ:AAPL)’s stock is 38% in the green year-to-date amid a string of positive developments, including the recent event, where the company unveiled several new products including two iPhones, iPhone 8/8S and the flagship iPhone X. However, Apple Inc (NASDAQ:AAPL) is also facing some issues with supply of the new iPhones, which led to the delay of the release day. A number of analysts have cut their forecasts for the shipments of iPhone X this year, with KGI Securities now estimating delivery figures of around 40 million, down from the previous 45 – 50 million. In addition, the delays are expected to have a negative impact on Apple Inc (NASDAQ:AAPL)’s financial results for the fiscal fourth quarter, which ends on October 25,  as consumers are more likely to wait for the iPhone X to become available instead of buying the iPhone 8. During the second quarter, the number of investors from our database long Apple Inc (NASDAQ:AAPL) increased by two to 115.

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