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See Which Of The Latest 13F Filers Holds Apple

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At Holdings Channel , we have reviewed the latest batch of the 26 most recent 13F filings for the 06/30/2017 reporting period, and noticed that Apple Inc (Symbol: AAPL) was held by 24 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.

Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen .

Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in AAPL positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value($ in 1000's)
America First Investment Advisors LLC Existing -500 -$70
Narus Financial Partners LLC Existing -371 -$51
Deane Retirement Strategies Inc. Existing UNCH +$1
Charter Trust Co. Existing -2,568 -$343
Lenox Wealth Advisors Inc. Existing +20 +$5
Hutchens Investment Management Inc Existing UNCH +$7
First Hawaiian Bank Existing -428 -$60
Grubman Wealth Management Existing +4 +$1
First Command Bank Existing +249 +$38
First American Bank Existing +1,195 +$246
Berson & Corrado Investment Advisors LLC Existing +6 +$3
Salem Capital Management Inc. Existing UNCH +$1
Farmers Trust Co. Existing -1,555 -$205
Capital One National Association Existing -6,883 -$898
Baker Boyer National Bank Existing -2,700 -$377
Highwater Wealth Management LLC Existing +654 +$96
Prentiss Smith & Co. Inc. Existing +495 +$74
Cardinal Capital Management Inc. NEW +30 +$4
Community Trust & Investment Co. Existing -5,551 -$740
BKD Wealth Advisors LLC Existing +2,028 +$310
Narus Financial Partners LLC Existing -371 -$51
Factory Mutual Insurance Co. Existing -51,500 -$6,716
Capital Asset Advisory Services LLC Existing -54 -$7
Cordasco Financial Network Existing +49 +$9
Aggregate Change: -67,751 -$8,723

In terms of shares owned, we count 9 of the above funds having increased existing AAPL positions from 03/31/2017 to 06/30/2017, with 11 having decreased their positions and 1 new position. Worth noting is that Salem Capital Management Inc. , included in this recent batch of 13F filers, exited AAPL common stock as of 06/30/2017.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the AAPL share count in the aggregate among all of the funds which held AAPL at the 06/30/2017 reporting period (out of the 71 we looked at in total). We then compared that number to the sum total of AAPL shares those same funds held back at the 03/31/2017 period, to see how the aggregate share count held by hedge funds has moved for AAPL. We found that between these two periods, funds reduced their holdings by 636,270 shares in the aggregate, from 7,028,032 down to 6,391,762 for a share count decline of approximately -9.05%. The overall top three funds holding AAPL on 06/30/2017 were:

Fund Shares of AAPL Held
1. DnB Asset Management AS 1,167,507
2. Xact Kapitalforvaltning AB 889,513
3. Handelsbanken Fonder AB 610,800
4-10 Find out the full Top 10 Hedge Funds Holding AAPL

We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like Apple Inc (Symbol: AAPL).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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