The more conservative institutions, by contrast, trimmed their positions.
Here’s how Apple performed in calendar Q4 2018 (Apple’s fiscal Q1 ’19):
Here, from 10,000 feet, is what the funds did in calendar Q4 (from Whale Wisdom):
Click to enlarge.
That was last quarter. What have the funds been doing during Apple’s calendar Q1 recovery? We won’t find out until May 15, 45 days after the quarter’s end.
My take: In the September quarter, these guys were contrary indicators. See As Apple rose, funds dumped. Go figure.
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