As Apple soared last quarter, one superstar fund manager added 12.4 million shares to his portfolio. The other sold 0.4 million.
From the Wall Street Journal:
Warren Buffett’s Berkshire Hathaway Inc. continued to load up on technology giant Apple Inc. in the second quarter. Berkshire increased its holdings of Apple stock by 12.4 million shares in the quarter, taking its stake to $46.6 billion by the end of June, according to a new securities filing on Tuesday.
From Bloomberg:
Beleaguered hedge fund manager David Einhorn sold shares of Apple Inc. in the second quarter before they continued their ascent in the third period. Einhorn, who runs Greenlight Capital, trimmed his stake in Apple by 486,000 shares, reducing his position to about $26.3 million at the end of the second quarter, according to regulatory filings. Shares of Apple have jumped about 13 percent in the third quarter.
Below: AAPL’s year to date fever chart.
My take: I remember when Einhorn was a hotshot super Apple bull, suing the company to force it to share its cash with shareholders. See here. What happened? See here.
Stay tuned for my quarterly round-up all the big Apple funds, coming as soon as their SEC 13f forms are complete.
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