Carl Icahn, David Einhorn Dump "No Brainer" Apple Shares

Tyler Durden's picture

Having opened his position in AAPL in Q3 2013, Carl Icahn's projections, prognostications, and positioning have all lent credence (for CNBC watchers) to buying into the "no brainer" stock. However, it appears the plunge in the stock of the last few months has taken the shine of Icahn's glee as, according to his fund's latest 13F, he dumped 7 million shares (or aound 14% of his position) in Q4 2015. In addition, Greenlight's David Einhorn dumped 44% of his holding in Tim Cook's releveraging firm.

It began here in August 2013...

 

And here is where it appers to be ending...

  • *ICAHN CUT APPLE STAKE BY 7M SHRS TO 45.8M SHRS

His first adjustment since Q1 2014...

 

AAPL stock is limping lower after-hours on the news...

 

But, according to Bloomberg, his cost basis for the entire position is $68.05 and so his exit here is still significantly positive.

In addition, Greenlight Capital, the hedge fund led by David Einhorn, also slashed its stake in Apple by 44% during the fourth quarter. According to Bloomberrg, Einhorn's averasge cost basis was $74.53...

 

The firm sold 4.9 million shares of Apple, leaving it with 6.3 million shares worth $661.5 million as of Dec. 31, according to a regulatory filing Tuesday.

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knukles's picture

Oh Jesus!  Is nothing Sacred? 
Next thing you know the severed body parts and organs of unborn children will be sold for profit!

fx's picture

Applecalypse now! Bitchez...

undertow1141's picture

"We must kill them. We must incinerate them. Pig after pig. Cow after cow. Village after village. Army after army. And they call me an assassin. What do you call it when the assassins accuse the assassin? They lie. They lie, and we have to be merciful, for those who lie. Those nabobs. I hate them. I do hate them."

Dr. Engali's picture

Nothing wrong with taking profits. The problem I have is how he got away from pumping it on Twitter.

Yukon Cornholius's picture

Because it wasn't the REAL Carl Icahn. His Bleeter handle proves its an imposter.

fx's picture

'pumping on twitter'?? WTF is twitter? Sounds like lone voice in the wilderness to me...

Wile's picture

AAPL has seen its highs for our lifetime.

tc06rtw's picture

   
 …  Any chance of new lows for our lifetime?

R.R.Raskolnikov's picture

blasphemy! It's Apple. No problem. I've got two puts on this bitchz! Bullish!

BlueStreet's picture

New iPad coming out in march, all will be well again. Need a new coaster for my coffee table thinking of picking one up. 

R.R.Raskolnikov's picture

... and ackmann went long.

Omega_Man's picture

Apple products are crap... I boycott them...

can't change the batteries and this leb Jobs was an asshole

Now Ichan wants you to boost his stock... go F yourself!!

- - - - - -'s picture
- - - - - - (not verified) Omega_Man Feb 16, 2016 6:24 PM

steve jobs is one of the biggest liars ive seen. really nasty guy. and 99.99999% of people belive his shit

l.kimbot's picture

"Blazing fast video"  LOL!

TradingIsLifeBrah's picture
TradingIsLifeBrah (not verified) Feb 16, 2016 6:25 PM

"Money on the sidelines", think of how high Apple will go when they get back in :/

starman's picture

Get your apples get your apples fifty bucks fifty bucks!

Charming Anarchist's picture

The good thing about these dumps is that none of them are news!

Tegrat's picture

I dumped the market in July 2015 on technincals. Why is it news these geniouses just started doing it?

 

Thunder Muffin's picture

Ah, but who bought?  That is the real story.  Apple buy back?

hooligan2009's picture

all we have to wait for is the next "rhubabrb crumble" p.o.s. to inflate until it becomes a "utility", print loads of words on coffee table journals and cry "this time it's different" .. this cellphone is a revolution ...bleh bleh bleh..it has its own econ-system built on this new kind of manure that means it is the equivalent of perpetual motion and the dollars it creates actually have some kind of value in a world of fiat...

just saying

tommylicious's picture

FUCK YOU, FANBOIZ!!!!!!!!!        BASTARDS!!!!!!!!!!!!!!!!!!!!!!!!