Hedge Funds Who Are Bullish On Apple

Apple APPL has been on an absolute tear as of late, rising from just $96 on October 16th to nearly $120 per share on Tuesday, November 25th.  Investors have been accumulating shares of the tech giant for years.  Last quarter, hedge funds got in the action as well.

According to the 13F filings reported in Q3, the five largest hedge funds holding Apple shares totaled more than $36 billion worth of market cap.

DE Shaw & Co. LP is the largest US based hedge fund (per assets under management) with their top position being Apple.  DE Shaw had assets under management of $50.4 billion at the end of the third quarter.  DE Shaw & Co. enjoyed a return of 4.2% in Q3 alone, far outpacing the effectively flat return in the S&P in Q3.

AQR Capital Management LLC was the second largest hedge fund (per assets under management) in Q3 to make Apple their top holding according to 13F filings.  AQR had assets under management of $41.2 billion at the end of the third quarter.  AQR Capital Management LLC suffered a 1.3% loss for their Q3 performance.

Gateway Investment Advisors LLC comes in third for largest hedge funds to make Apple their top holding.  Gateway had assets under management of $13.1 billion at the end of the third quarter.  Gateway Investment Advisors gave investors a 2.7% gain during Q3.

Coatue Management LLC ranks as the fourth largest who had enough confidence in Tim Cook and company to make Apple their top holding.  Coatue Management had assets under management at the end of the third quarter of $10 billion while providing their investors with a return of an amazing 21% during the third quarter.

Balyasny Asset Management LLC rounds out our top five hedge funds to make Apple their top holding.  Balyasny Asset Management had assets under management of $7.9 billion at the end of the third quarter, and gave investors a mind blowing 35.3% return in the Q3.