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TechApple

Here Are 10 Big Funds That Dumped Apple Last Quarter

By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
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By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
Down Arrow Button Icon
November 19, 2015, 2:55 PM ET

The biggest buyer of Apple last quarter—by far—was Apple itself, which bought and retired a record 131.7 million shares at anywhere from $112.94 to $124.66 each.

At those prices, there were plenty of sellers happy to unload the stock, and Apple closed the quarter at $109.83, down 11.7%.

The biggest sellers were Wellington Management and Fidelity, both based in Boston, which together dumped a total of 28 million shares worth $3.1 billion.

The biggest institutional buyer was a French bank, Société Générale, which gobbled up 24.5 million shares worth $2.7 billion.

The information comes from Whale Wisdom, an online service that assembles the information that funds with over $100,000 under management are required to file quarterly with the SEC. For the rest of the 361 days of the year, it bears repeating, these institutions are giant black holes.

According to Whale Wisdom’s Dan Collings, Apple topped his list once again—both in terms of the number of firms holding the stock (2,210) and in the value of their holdings ($358 billion). Overall, the number of Apple shares held by institutions in this period shrank by almost 3%.

According to Collins’ summary:

83 funds created new Apple positions
1,084 added to an existing Apple position
91 closed their Apple position
896 reduced their Apple position

Below: The 10 biggest buyers, not including Apple.

Of the 15 funds with the most Apple in their portfolio, 10 reduced their holdings, four increased them and one (Carl Icahn) stood pat.

Screen Shot 2015-11-19 at 2.42.15 PM

Follow Philip Elmer-DeWitt on Twitter at @philiped. Read his Apple (AAPL) coverage at coins2day.com/ped or subscribe via his RSS feed.You might also want to subscribe to Data Sheet, Coins2Day’s daily newsletter on the business of technology.

For more Coins2Day coverage of Apple, watch the video below.

About the Author
By Philip Elmer-DeWitt
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