Apple Inc. (AAPL): Unmasking Bullish Hedge Funds After 13F Filings Season


Apple Inc. (NASDAQ:AAPL) is expected to make some big announcement about the iPhone 6 in the coming months. But before that the mandatory 13F filings with the Securities and Exchange Commission have been revealing some important investment details, which are good for the investors who love tracking hedge-fund strategies. The 13F filing has been mixed for Apple and the stock was trending down about 0.23% in the early afternoon as more details trickled in about fund managers loading up on the stock or trimming their stakes. Bloomberg’s Erik Schatzker took a look at some of the prominent hedge funds that bet Apple during the second quarter.

Apple AAPL Smartphone

On Bloomberg TV’s “In The Loop,” Schatzker talked about how investors can use them as trading strategies, but of course, with some caution because sometimes there is no unanimity in the document, at least looking at the case of Apple Inc. (NASDAQ:AAPL)  in the second-quarter 13F filings.

“[…] Apple is one of the most actively traded stocks, obviously it has the largest market capitalization, but it is a hedge fund favorite. Over the past quarter, we saw a number of hedge funds load up on Apple […],” said Schatzker.

Tudor Investment, founded by Paul Tudor Jones, was one of the bullish hedge funds on Apple Inc. (NASDAQ:AAPL), making an addition in the second quarter of 1.31 million shares. Other funds that boosted stake in Apple included Coatue Management, which added 8.51 million shares, D E Shaw, adding 4.72 million shares and Millennium Management, which raised its exposure by 1.75 million shares. Some hedge funds, on the other hand have reduced their exposure in Apple Inc. (NASDAQ:AAPL), among them being Greenlight Capital, Capstone Investment, and Blue Ridge Capital, which sold out its stake that previously contained 2.24 million shares.

Schatzker noted that the behavior of hedge funds in Apple Inc. (NASDAQ:AAPL) lacks unanimity, which raised the question about the value of mimicking fund managers. However, he said that investors still have so much to draw from the 13F documents.

“[…] There are trading strategies that you can employ using 13Fs, if you look at some of the long/short equity managers who are biased towards being net long. You can draw an assumption that perhaps they are in these stocks for a while […],” he stated.

Disclosure: none

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