See Which Of The Latest 13F Filers Holds Apple

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At Holdings Channel , we have reviewed the latest batch of the 20 most recent 13F filings for the 12/31/2017 reporting period, and noticed that Apple Inc (Symbol: AAPL) was held by 12 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)
McQueen Ball & Associates Inc. Existing +50 +$582
Raub Brock Capital Management LP Existing -70 +$15
Stillwater Investment Management LLC Existing +53,250 +$3,189
Needelman Asset Management Inc. Existing -50 +$83
QUANTRES ASSET MANAGEMENT Ltd Existing +9,700 +$1,768
Abner Herrman & Brock LLC Existing +710 +$287
Private Asset Management Inc. Existing -8,553 +$241
West Oak Capital LLC Existing -439 +$157
Chickasaw Capital Management LLC Existing -5,059 +$924
First National Bank of Mount Dora Trust Investment Services Existing +603 +$630
Marshwinds Advisory Co. Existing -100 +$12
Curbstone Financial Management Corp Existing -24,264 -$3,394
Aggregate Change: +25,778 +$4,494

In terms of shares owned, we count 5 of the above funds having increased existing AAPL positions from 09/30/2017 to 12/31/2017, with 7 having decreased their positions.

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 12/31/2017 reporting period (out of the 4,325 we looked at in total). We then compared that number to the sum total of AAPL shares those same funds held back at the 09/30/2017 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 40,095,419 shares in the aggregate, from 3,099,587,418 down to 3,059,491,999 for a share count decline of approximately -1.29%. The overall top three funds holding AAPL on 12/31/2017 were:

Fund Shares of AAPL Held
1. Vanguard Group Inc. 344,588,690
2. BlackRock Inc. 314,603,530
3. State Street Corp 206,447,491
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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