These hedge funds bought a lot of cheap Apple shares last quarter

From ETF Daily, reposting a MarketBeat News report posted Sunday:

A number of large investors have recently added to or reduced their stakes in AAPL.

    • IFM Investors Pty Ltd grew its stake in shares of Apple by 20.0% during the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after acquiring an additional 435,891 shares during the last quarter.
    • Ironwood Wealth Management LLC. boosted its position in Apple by 0.4% in the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after buying an additional 1,040 shares during the last quarter.
    • Markel Corp boosted its position in Apple by 0.7% in the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after buying an additional 8,450 shares during the last quarter.
    • Camden Capital LLC boosted its position in Apple by 9.2% in the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after buying an additional 13,200 shares during the last quarter.
    • Finally, Harbor Island Capital LLC boosted its position in Apple by 0.3% in the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after buying an additional 400 shares during the last quarter. 57.60% of the stock is currently owned by institutional investors.

My take: I skipped past ETF Daily's headline -- linked to a Stock Target Advisor report -- assuming it to be either a typo or a juke:

National Bank Financial Cuts Apple (NASDAQ:AAPL) Price Target to $54.00

4 Comments

  1. Kirk DeBernardi said:
    Once again, the great Apple Come-Around.

    How many times have AAPL longs witnessed THIS parade?

    3
    January 22, 2023
  2. Roger Schutte said:
    They really didn’t buy much…I think the PED30 subscribers as a group bought more via dividend reinvestment and regular purchases than 4 of those 5 hedge funds combined did.

    8
    January 22, 2023
  3. Dave Calderon said:
    Whats with that national bank price target?? Any guesses??

    1
    January 22, 2023
    • Charles A. said:
      Don’t worry: “The firm currently has an “outperform” rating on the iPhone maker’s stock.” LOL!

      0
      January 23, 2023

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