With $5.4 trillion under management, it’s the world’s largest asset manager.
For 361 days of the year, hedge funds are black holes—invisible to the public. But once every three months, 45 days after the end of the quarter, they are required by the Securities Exchange Commission to disclose any changes in their holdings in a so-called Form 13f.
I’ve been tracking the 13fs filed by the 20 largest Apple funds for the past four quarters and have discovered something interesting. While the press was focused on the big bets on Apple by Warren Buffett’s Berkshire Hathaway, the action by a much bigger fund has gone largely unnoticed.
Over the past four quarters, it’s the BlackRock funds whose trading most closely aligns with action in Apple’s share price: down last summer, up this spring. The pattern should be clearer going forward, now that three BlackRock funds have been consolidated into one.
Change the quarters (June, September, December, March) in the chart below to watch the action.
Not seeing the nifty interactive bar chart? Try the website.
Founded in 1988 as a risk management and fixed income institutional asset manager, BlackRock is now the world’s largest asset manager with $5.4 trillion under management.
Thanks to friend-of-the-blog Daniel Collins at Whale Wisdom for access to the data.