rtmark
LearnBonds.com

AAPL Stock: 4 Well-Known Investors Who Are Backing Apple Inc. In a Big Way

Apple Inc. (NASADAQ:AAPL)

Apple Inc.  has been a Wall Street favorite for quite a while, but the firm’s recent poor performance has made a lot of people pause. After hedge funds released their 13-F filings for the three months through September on Monday it became clear that not all of Wall Street has abandoned Tim Cook.

Apple Inc. logo

Here’s a look at the biggest, most important, traders that kept adding Apple shares during the third quarter, despite the fact that rumors of the demise of the iPhone kept attention almost the whole way through the Summer.

David Einhorn is still a big Apple Inc. fan

David Einhorn of Greenlight Capital upped his Apple Inc.  stake by more than 50 percent during the third quarter. At the end of September Mr. Einhorn’s hedge fund had a total of to 11,227,274 shares in the firm, up from 7,382,571 at the end of the second quarter.

Mr. Einhorn has been an outspoken supporter of Apple for a long time, and his influence may have helped fellow investor Carl Icahn secure larger payouts from the Cupertino firm. Mr. Einhorn fought long and hard to get Apple to pay out more of its massive cash pile to investors, and it seems that he still thinks Apple is well worth betting on.

Glenview Capital adds first Apple shares

Everything needs to start somewhere. Despite being well behind Mr. Einhorn’s Greenlight in terms of raw size, Glenview Capital made a new foray into Apple shares in the third quarter. The firm added a 301,778 share position in the iPhone maker in the three months through September.

Glenview was founded by Larry Robbins, and is one of the world’s largest hedge funds. The firm’s purchase of Apple shares isn’t a major move either way, but it is a vote of confidence for Tim Cook and the direction Apple is going right now.

Blue Ridge Capital buys in big

Blue Ridge Capital also bought into Apple Inc. with a new stake in the third quarter, but the firm didn’t do it in any small way. 2,250,000 shares in the firm, worth a total of more than $250M on today’s market, were added to Blu Ridge’s portfolio in the third quarter.

Blue Ridge was founded by John Griffin, a “tiger cub” who formerly worked under Julian Robertson. The firm’s long equity portfolio was worth  has close to $9B at the end of the quarter.

Icahn stays strong for Apple

Carl Icahn didn’t buy any new shares in Apple Inc. during the three months through September, but his lack of movement is just as encouraging as anything else. The Icahn Enteprises boss is one of the world’s richest men, and he’s one of the major reasons that Apple is paying out such a huge chunk of its cash to its shareholders.

During the third quarter Icahn kept his incredible 52,760,848 share stake in Apple. That stake is worth more than $6B on today’s market. Icahn has a lot of reasons to love Apple, and he’s been pretty public about them. It looks like none of that changed during the third quarter.

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar