Hedge Funds Dump Most Apple Stock Since 2008: Full 13F Summary
by Tyler Durden
While Q1 saw hedge funds generally attracted to "growthy" tech names again (as shown yesterday with Druckenmiller and Tepper), one name stood out: Apple, which hedge funds dumped in droves.
According to Bloomberg calculations, in Q1 investors slashed their AAPL holdings by about 153 million shares: the biggest decrease since at least the first quarter of 2008. It’s also the most among any S&P 500 stock in the first quarter. Some, like Appaloosa and Glenview exited their entire positions in Apple altogether.