Forbes – A number of top hedge fund managers dialed back their Apple holdings in Q3, just in time to avoid a slide that sent the stock tumbling from its all-time high.
Looking at recently filed 13-F SEC filings, a new report from FactSet found that the 50 largest hedge funds cut their exposure to the stock in the three months ended September 30. The disclosures, which offer a snapshot of the portfolios of high-profile fund managers including John Paulson, David Einhorn and Daniel Loeb, show that while Apple remains the top holding of 12 of the hedge funds considered, in the aggregate funds’ cut their stake in the company.
