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And The Most Beloved Stock By Hedge Funds Is...

Tyler Durden's picture




 

Following the first quarter rout in AAPL stock, some wondered if there would finally be rotation at the top floor of the hedge fund hotel of stocks held by most hedge funds. The answer is no: as of March 31, AAPL still retains the title of stock with the largest number of hedge fund investors at 188, more than GOOG with 184 and above AIG with 180.

Most held as of March 31:

And as of December 31:

The quarterly hedge fund holdings of AAPL stock: the trendline is clearly broken now.

And as bonus: here are the largest hedge funds in the US ranked by equity assets:

 

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Wed, 05/22/2013 - 13:13 | 3588492 Cursive
Cursive's picture

Only I terrorist would sell this beloved American icon that holds its excess cash overseas.

Wed, 05/22/2013 - 13:38 | 3588580 otto skorzeny
otto skorzeny's picture

You can check out of the hedge fund hotel-but you can never leave (with as much $ as you started with)

Wed, 05/22/2013 - 13:13 | 3588493 The Thunder Child
The Thunder Child's picture

Haha looks like they all dumped Facefucked during the first quarter

Wed, 05/22/2013 - 13:43 | 3588597 disabledvet
disabledvet's picture

that made me laugh. sorry about ripping into you before...

Wed, 05/22/2013 - 13:15 | 3588499 derek_vineyard
derek_vineyard's picture

its not paying to be a contrarian

Wed, 05/22/2013 - 13:54 | 3588648 Lewshine
Lewshine's picture

Dow just hit the flatline and its 12:35 PM cst - Who wants to bet these algos ping this garbage back up 100 points before the bell? Not to worry, the yield move in bonds will be addressed at the same time - Watch Ben go!!  

Wed, 05/22/2013 - 13:17 | 3588507 observer007
observer007's picture

Zulauf: Bubble Will Burst In Two Years

Felix Zulauf:

  • "Currency manipulation is the game of the day for central banks, although they deny it.
  • What could happen if the real global economy does not react to the monetary stimulus and what could happen to equity markets when investors wake up one morning realizing that money printing does not work in the real economy?
  • There simply is no free lunch, even though our alchemists at central banks may make some believe it. In some cases, debt restructuring will be inevitable.
  • I hear all strategists singing the same song and also many investors: “We buy equities with decent dividends and solid business models because it is better than bonds or cash.” It is not untrue and does make sense – until it doesn’t anymore. The legendary market strategist Bob Farrell once said “when all the experts agree, something else is going to happen.” The question here is WHEN?
  • Once equity markets discover the emperor has no clothes, they could face a quick and painful adjustment"

Full Text:

http://homment.com/Zulauf-bubble

Wed, 05/22/2013 - 13:39 | 3588583 ebworthen
ebworthen's picture

Yes, "WHEN"?

My bet is when they lure enough retail money back into the casino.

You can hear the frustration in the Central Bankers and Investment Managers when they talk of near zero return on savings and Treasuries "Investors HAVE to buy equities if they want any return on their money!"

No, we don't "HAVE" to do anything assholes.

Fool me once, shame on you.

Fool me twice, shame on me.

Wed, 05/22/2013 - 13:22 | 3588524 slaughterer
slaughterer's picture

AAPL ==> over $500 next month.  Watch.

Wed, 05/22/2013 - 13:26 | 3588540 nope-1004
nope-1004's picture

I'll take the other side of that bet.  Let's chat in a month.

 

Wed, 05/22/2013 - 13:31 | 3588560 redpill
redpill's picture

ZNNMF should be fun for the next week and a half.  Independent testing of the new technology they are dependent on (finally) takes place on the 30th with results released soon thereafter.

 

Disclosure: I've been sitting on 2500 shares for years and probably won't be selling any time soon!

Wed, 05/22/2013 - 13:34 | 3588567 ebworthen
ebworthen's picture

You didn't sell at $600 because you didn't want to pay captial gains taxes?

Thu, 05/23/2013 - 14:02 | 3592884 redpill
redpill's picture

Heh, no I never owned any CRAPPL to begin with

Wed, 05/22/2013 - 13:22 | 3588528 Dareconomics
Dareconomics's picture

Hedge funds are underperforming the S&P by 65%, but that will not stop rich fools from continuing to dump their money in them. 

 

http://dareconomics.wordpress.com/2013/05/22/around-the-globe-05-22-2013/

Wed, 05/22/2013 - 13:28 | 3588535 ebworthen
ebworthen's picture

What?  They haven't rotated out yet?  And they call themselves "managers"?

However, I suppose they still collect their fees and can deduct their losses on taxes for their bonuses - so they are managing their money just fine.

Wed, 05/22/2013 - 13:37 | 3588576 Handful of Dust
Handful of Dust's picture

I wonder how the Hedgies felt watching it plunge 40%? Competititon is fierce from others....I 'rotated out' when Jobs left...glad I did.

Wed, 05/22/2013 - 13:41 | 3588586 otto skorzeny
otto skorzeny's picture

Love that big Bank of Israel buy of AAPL- I thought those guys were jewced in.

Wed, 05/22/2013 - 13:45 | 3588602 ebworthen
ebworthen's picture

Maybe they're going to go all Apple for Government and Military since Iran can't get them (?).

Of course, won't make up for the fact that the Copernicus of Cupertino Steve Jobs has passed on.

Wed, 05/22/2013 - 13:29 | 3588555 the Absurd
the Absurd's picture

Steve Jobs is in heaven now and probably running the place, so nothing bad will be allowed to happen to AAPL.

 

Comment posted via my iPad.

Wed, 05/22/2013 - 14:07 | 3588696 Lewshine
Lewshine's picture

Jobs in Heaven? Yeah, I don't think your perceptions of Heaven OR Jobs is accurate.

 

Don't bet on it (...Never mind, your statement tells me you already have)!

Wed, 05/22/2013 - 14:11 | 3588720 the Absurd
the Absurd's picture

Only a fool is in these markets, unless he has access to inside information and billions of dollars.

Heaven doesn't exist though.

Steve Jobs played his role, just like we all do.

Wed, 05/22/2013 - 13:29 | 3588558 Yen Cross
Yen Cross's picture

    Don't turn on the lights, Bitchez. There's roaches everywhere.

Wed, 05/22/2013 - 13:40 | 3588587 disabledvet
disabledvet's picture

"wow, honey. you're home early." ... "yep. went to work. they kept losing billions so i figured i'd come back here. wanna fool around?"

Wed, 05/22/2013 - 13:42 | 3588590 rogeliokh
rogeliokh's picture

What is most hated is obviously GOLD, acting like pile of steaming cow shit

Dropped $50 from the top today. Looks like it's going to zero now. Look at it..

Pink stock liquidation. That's how it looks like.

Wed, 05/22/2013 - 13:50 | 3588620 ebworthen
ebworthen's picture

Bought my Daughter an iPod Touch which she just loves, very slick.

However, my 19 year old son and his cohort of A.O.'s love their Android smartphones and their $250 Windows/Linux/Chrome netbooks that allow them to hack and download pirated content.

I'm hearing buzz that people are dumping their iPhones for Samsung Galaxies and the like.

WalMart has a $99 Android smart phone $40/per month no contract.

An iPhone is way above that price point.

Limited markets for Apple.

Wed, 05/22/2013 - 14:12 | 3588724 otto skorzeny
otto skorzeny's picture

iPhones are about as elegant- and weighty-as a brick

Wed, 05/22/2013 - 19:24 | 3589802 natty light
natty light's picture

z-10

Wed, 05/22/2013 - 14:08 | 3588706 pragmatic hobo
pragmatic hobo's picture

... are these the hedge funds that are under-performing S&P?

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