Back in the start of March, before the vertical ascent part of the parabolic move in Apple stock truly took off, we first pointed [4]out that out of nowhere, Dan Loeb, long well-known for being quite persuasive in getting his hedge fund friends to piggyback on his ideas, had made the iPad maker his Top 5th position [4]as of the end of February, despite not owning one share two months prior. Well as of the end of March, per the firm's just released update of its top positions, Apple is no longer in the Top 5, even as it was his 2nd best performer [5]of the month on March 15. Has Loeb, acutely aware of such things as blow off tops and manias, merely trimmed his position, or has he cut his exposure entirely? As a reminder, this wont be the first time Loeb "rented in" and out of the AAPL hedge fund hotel, having done so most recently in Q2 of 2011 [6]. And if Third Point is gone, are Loeb's idea dinner buddies out as well?
Before - as of February 29 (source [4]):
[7]
And after - as of March 31:
[8]