Hedge Funds and other institutional investors have just completed their 13F deposit with the Securities and Exchange Commission, revealing their equity portfolios at the end of September. At Insider Monkey, we track nearly 900 hedge funds and notable investors and by analyzing their 13F deposits, we can determine the shares they are collectively made up of. One of their choices is Apple Inc. (NASDAQ: AAPL), so let’s take a closer look at the sentiment surrounding it in the current quarter.
It is Apple Inc. (NASDAQ: AAPL) a splendid investment right now? Smart money was going up. The number of long hedge fund positions has increased by 12 recently. Apple Inc. (NASDAQ: AAPL) was in the portfolios of 146 hedge funds at the end of December. The highest value of all time for this statistic is 152. Our calculations also showed that AAPL ranked 10th among the 30 most popular hedge fund shares (click for Q4 ranking). There were 134 hedge funds in our database with AAPL positions at the end of the third quarter.
Bart Baum of Ionic Capital Management
At Insider Monkey we do not leave any stone unturned when we look for the next excellent investment idea. For example, the CBD market is growing at an annual rate of 33%, so let’s take a closer look hemp stock under radar. We go through lists like the 10 the best biotech stocks below $ 10 to identify the next stock with a 10-fold growth potential. Even if we recommend positions in only a small part of the companies we analyze, we check as many actions as possible. We read hedge fund investors’ letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website. Now let’s review the fresh stock of hedge funds that includes Apple Inc. (NASDAQ: AAPL).
Do you think AAPL hedge funds are a good stock to buy now?
At the end of the fourth quarter, a total of 146 of the hedge funds pursued by Insider Monkey were long with this action, a 9% change from the third quarter of 2020. Below, you can check the change in the sentiment of hedge funds towards of LPAs in the last 22 quarters. So, let’s check which hedge funds were among the shareholders and which hedge funds were making big moves.
The largest stake in Apple Inc. (NASDAQ: AAPL) was owned by Berkshire Hathaway, which reportedly held $ 1,777 million worth of shares at the end of December. It was followed by Fisher Asset Management with a position of $ 8130.6 million. Other dynamic investors in the company included Millennium Management, Adage Capital Management and AQR Capital Management. In terms of portfolio weights assigned to each position, Berkshire Hathaway allocated the largest share to Apple Inc. (NASDAQ: AAPL), about 43.61% of its 13F portfolio. Element Capital Management is also relatively optimistic about equities, allocating 22.08% of its 13F share portfolio to AAPL.
As industry-wide interest rates rose, top money managers came to Apple Inc. (NASDAQ: AAPL). OZ management, managed by Daniel S. Och, initiated the most oversized position in Apple Inc. (NASDAQ: AAPL). OZ Management invested $ 301.9 million in the company at the end of the quarter. Jeffrey Talpins’ Element Capital Management also invested $ 211.4 million in shares in that quarter. The other funds with new equity positions are Rokos Capital Management by Chris Rokos, Balyasny Asset Management by Dmitry Balyasny and Hillhouse Capital Management by Lei Zhang.
Let’s take a look now at hedge fund activity in other similar actions with Apple Inc. (NASDAQ: AAPL). We’ll take a look at Microsoft Corporation (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Facebook Inc. (NASDAQ: FB), Tesla Inc. (NASDAQ: TSLA), Alibaba Group Holding Limited (NYSE: BABA) and Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM). This group of stock market caps resembles the market cap of the AAPL.
[table] Ticker, number of HFs with positions, Total value of HF positions (x1000), Modification of HFT position MSFT, 258,52899029,24 AMZN, 273,51531301,28 GOOGL, 179,21902583,17 FB, 242,38233910,12 TSLA, 68.12308025.1 BABA, 156.17892090, -10 TSM, 72.11843403.5 Medium, 178.3.29515763.11 [/table]
View the table here if you have formatting issues.
As you can see, these shares had an average of 178.3 hedge funds, and the average amount invested in these shares was $ 29516 million. This figure was 141811 million dollars in the case of AAPL. Amazon.com, Inc. (NASDAQ: AMZN) is the most popular stock in this table. On the other hand, Tesla Inc. (NASDAQ: TSLA) is the least popular, with only 68 bullish hedge fund positions. Apple Inc. (NASDAQ: AAPL) is not the least popular stock in this group, but the interest rate of hedge funds is still below average. Our overall score of hedge fund sentiment is 68.8. Shares with a higher number of hedge fund positions than other stocks, as well as in relation to their historical range, receive a higher sentiment score. This is a slightly negative signal and we prefer to spend our time researching stocks that hedge funds accumulate. Our calculations showed that the most popular 30 shares of hedge funds returned 81.2% in 2019 and 2020 and outperformed the S&P 500 ETF (SPY) by 26 percentage points. These shares gained 12.3% in 2021 by April 19 and again outperformed the market by 0.9 percentage points. Unfortunately, the AAPL was not as successful as these 30 actions. LPA investors were disappointed, as shares returned 1.8% from the end of December (to 4/19) and performed poorly in the market. If you are interested in investing in high-capacity stocks with huge growth potential, you should consult the more diverse list of the top 30 most popular stocks among hedge funds, as most of these stocks have already outperformed the market since early 2020. .
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Disclosure: None. This article was originally published at Insider Monkey.
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