Billionaires Can’t Live Without These 10 Stocks

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  1. Apple Inc. (NASDAQ:AAPL)
  • Billionaires with Long Positions (as of June 30): 15
  • Aggregate Value of Billionaires’ Holdings (as of June 30): $12.16 billion

Billionaires were quite bearish on Apple Inc. (NASDAQ:AAPL) in the second quarter, with ownership dropping by one and the value of their holdings falling by nearly $790 million despite a slight gain in Apple’s shares during that time. While Apple has made a nice rebound from the lows it hit during the market turmoil, it’s still down by about 10% in the third quarter. The iconic tech company’s recent event did little to spur investor adulation, just as the company’s revelation that it is on pace to break opening weekend iPhone sales records failed to do. Billionaire Carl Icahn remains one of the company’s staunchest supporters, while David Tepper showed renewed confidence in Apple Inc. (NASDAQ:AAPL) by re-opening a position a couple quarters after closing it.

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