Apple Stock Remains Most Favorite
Apple stock remains the most favorite among hedge funds during the last quarter of 2014. Shares for the multinational corporation have the most number of firms holding the stock and the most holdings by value, according to data compiled by Whale Wisdom.
The stock’s largest shareholder, the Vanguard Group, has added more than 5 million shares, finding itself with a market value of $37 billion. Other companies with billion-worth positions on Apple’s stock include State Street, which owns a $27 billion-position, Fidelity with almost $20 billion and Blackrock Institutional Trust with $17 billion, Fortune noted.
Activist Carl Icahn now has a position worth more than $5 million on the list of stocks, having recently predicted that Apple will reach a market cap of more than $1 trillion, increasing his own valuation to $216 per share.
All in all, there are 1130 filers with Apple stock in their top 10; 2175 13F filers holding the stock, 212 funds creating new positions, 799 funds adding to an existing position, 67 funds closing out their position and 1,004 funds reducing their position.
Whale Wisdom tracks the performance of Hedge Fund and Asset Managers in order to analyze and organize their 13F and Schedule 13D/13G filings. The firm aggregates financial information available to the public from the United States Securities and Exchange Commission or SEC. The firm compiles data on a daily basis.