Wednesday , October 20 2021

Big name mutual funds have played big bets in the AAPL before the 15% drop so far this month



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A number of large-name investment funds increased AAPL stockholders significantly during the third quarter. At the moment, the stock is currently not a timed bet because it has lost 15% of its value loss so far.

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Reuters reported investments in investments yesterday.

Investment fund giant Fidelity added 7 million shares and reached 110,9 million shares, legal regulations and data from the Symmetric.io research firm. The Janus Henderson Group received 3.3 million shares for a total of 20.8 million shares, and J.P. Morgan Chase & Co increased its holding to 42.7 million shares after adding 1.3 million.

Philippe Laffont's Coatue Management made a big bet by raising its 938% stake to 884,321 shares. Chase Coleman's Tiger Global Management opens a new position with over 1 million shares […]

Declines in Apple can be added as evidence that it is a difficult year for the hedge fund industry. In general, according to Hedge Fund Research, the average hedge fund declined by about 3 percent in October, the worst monthly loss since 2011, due to excessive exposure to the technology industry.

Investments were made at a time when many hedge funds were out of technology stocks.

Losses will remain on paper unless the funds sell their shares and remain on paper. For long distance everyone may be less concerned about short-term losses. For example, Warren Buffett added more than half a million shares to Berkshire Hathaway's portfolio and said he was interested in the next quarter or next year, but not about the long-term value of Apple's brand loyalty.

AAPL stock falls as a result of a number of different factors. Apple's recent gains in the announcement of the announcement, now the iPhone & # 39; s and other products will not announce the unit sales of the tension began. The holiday period was weaker than expected and led to speculation that the company believed that iPhone sales had reached its peak.

This was followed by a succession of Apple suppliers, commonly referred to as the iPhone maker, which reported a significantly reduced order from an anonymous customer. Two of them, Lumentum and AMS AG, are suppliers of Face ID components, and suggest one or more of the new models for this year, XS, XS Max or XR, should be reduced.

Analysts cut sales forecasts for the iPhone, but some show that the market is overreacting.

Photo: Shutterstock


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