Exclusive: Watch the big hedge funds roll their Apple dice (updated)

Below: Five quarters of massive trades in one interactive chart.

Sell-offs dominated the hedge fund news last last year, especially the big dump by State Street in the September 2016 quarter. The first of two big buys by Warren Buffett's Berkshire Hathaway was the headline in February. The big blip in the March quarter (reported in May) was created by consolidation of several Blackrock Funds. The June quarter, by comparison, was so quiet that what shows up as the biggest buy was actually created by the merger of the Janus Fund and the Henderson Group, both major holders of Apple.

According Whale Wisdom's Daniel Collins, 1,312 funds reduced their Apple position last quarter and 72 closed it. Overall, the number of shares held by the biggest funds fell 2.3%.

UPDATE: Friend-of-the-blog Ken Cheng complained that the changing scales and automatic re-sorting make it hard to read the chart above. This one's for you, Ken:

5 Comments

  1. Fred Stein said:
    Whale wisdom? Looks like “Sell low buy high”.
    Buffet, who I respect, bought heavily just as AAPL’s extend panic sales ended.

    0
    August 18, 2017
  2. Ken Cheng said:
    Great charts. The only thing is that it’s hard to compare one quarter to the next, without stopping and looking at the actual numbers, since they all use the same scale, even if one quarter the largest change is 9m shares and another quarter the largest change is 168m shares.

    1
    August 18, 2017
  3. Ken Cheng said:
    Thank you! Looks even better! Now the Berkshire buys really jump at you.

    0
    August 20, 2017
  4. David Emery said:
    In March ’17, did Blackrock just move shares around between its various companies/funds? Kinda looks that way.

    0
    August 23, 2017

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