AAPL is Still the Most Popular Stocks between Hedge FundsMore than one out of 5 hedge funds are invested in Apple Inc.’s stocks, following to a recent report by Insider Monkey, a finance website that provides free hedge fund and insider trading data,.
At the moment there are many metrics stock traders use to value publicly traded companies. Some of the most under-the-radar metrics are hedge fund and insider trading sentiment. Hedge fund experts at Insider Monkey have shown that, historically, those who follow the best picks of the best investment managers can outperform the market by a significant amount.
With all of this in mind, let’s analyze the recent action encompassing Apple Inc. (NASDAQ:AAPL).
Heading into Q4, a total of 153 of the hedge funds tracked by Insider Monkey were long in this stock, a change of 1% from one quarter earlier. With hedge funds’ capital changing hands, there exists a few key hedge fund managers who were upping their holdings meaningfully.
According to hedge fund intelligence website Insider Monkey, Carl Icahn’s Icahn Capital had the number one position in Apple Inc. (NASDAQ:AAPL), worth close to $5.3157 billion, amounting to 15.8% of its total 13F portfolio. The second largest stake is held by D E Shaw, led by D. E. Shaw, holding a $1.1743 billion position; 1.5% of its 13F portfolio is allocated to the stock. Some other members of the smart money that are bullish contain Ken Fisher’s Fisher Asset Management, Philippe Laffont’s Coatue Management and David Einhorn’s Greenlight Capital.Source: Tech Insider