Apple Inc. Seizes Hedge Fund Attention: A Closer Look at Recent 13F Filings
At Holdings Channel, we have reviewed the latest batch of 22 13F filings from hedge funds for the reporting period ending 09/30/2024. Notably, Apple Inc (Symbol: AAPL) garnered interest from 18 of these funds. This strong interest suggests it’s worth examining these holdings more closely.
However, it’s essential to understand that 13F filings do not provide a complete picture. Funds are only required to disclose their long positions to the SEC, leaving out any short positions. A fund might be betting against a stock through short sales while holding a long position. Consequently, a long position could suggest bullish sentiment, but the fund’s overall stance may be bearish due to undisclosed shorting activities.
Despite this limitation, analyzing groups of 13F filings can yield valuable insights, particularly when comparing different holding periods. Below, we examine the changes in AAPL positions from the most recent 13F filers:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000’s) |
|---|---|---|---|
| CWA Asset Management Group LLC | NEW | +510,355 | +$118,913 |
| Equitable Trust Co. | Existing | +928 | +$5,095 |
| AEGON ASSET MANAGEMENT UK Plc | Existing | +104,457 | +$78,270 |
| Source Financial Advisors LLC | Existing | +199 | +$472 |
| Beckerman Institutional LLC | NEW | +5,923 | +$1,380 |
| Leavell Investment Management Inc. | Existing | +18,861 | +$9,775 |
| Fiera Capital Corp | Existing | –420 | +$597 |
| Easterly Investment Partners LLC | Existing | UNCH | +$185 |
| Triune Financial Partners LLC | NEW | +980 | +$228 |
| Skylands Capital LLC | Existing | –21,470 | –$1,096 |
| Retirement Solution LLC | Existing | +20,467 | +$5,046 |
| Eos Management L.P. | Existing | –8,756 | –$415 |
| Costello Asset Management INC | Existing | +620 | +$309 |
| Avid Wealth Partners LLC | Existing | +365 | +$159 |
| Ted Buchan & Co | Existing | –181 | +$63 |
| Rocky Mountain Advisers LLC | Existing | +1 | +$151 |
| Transcendent Capital Group LLC | Existing | –12,902 | –$1,728 |
| Houlihan Financial Resource Group Ltd. | Existing | –109 | +$393 |
| Aggregate Change: | +619,318 | +$217,797 | |
In total, eight of these funds increased their AAPL holdings between 06/30/2024 and 09/30/2024. Conversely, six funds reduced their positions, while three established new ones.
Moreover, when analyzing the larger landscape, we tallied the AAPL share count across all funds that held the stock as of 09/30/2024—out of a total of 2,790 funds analyzed. Comparing this number to the share count from the 06/30/2024 period reveals a substantial increase. Overall, funds collectively increased their AAPL holdings by 103,801,233 shares, rising from 582,505,805 to 686,307,038 shares—a growth of approximately 17.82%.
The top three funds holding AAPL as of 09/30/2024 include:
We will continue to monitor the latest 13F filings from hedge fund managers. Such data can provide valuable insights, especially when examined across different groups. While individual filings may present a partial view due to their long-only disclosures, aggregate data helps illuminate trends and stock considerations, including Apple Inc (Symbol: AAPL).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
