Will Investors Follow Warren Buffett's Lead And Dump Apple Stock? Here's What Other Hedge Funds Are Doing With Their Apple Shares
Portfolio Pulse from Aaron Bry
Warren Buffett's Berkshire Hathaway has significantly reduced its Apple Inc (AAPL) holdings, selling nearly half of its shares over the first two quarters of 2024. Despite this, Apple remains Berkshire's largest public holding. Other hedge funds have mixed reactions: Jennison Associates and William Jones Wealth Management increased their Apple positions, while Coatue Management and Cerity Partners reduced theirs.
August 05, 2024 | 6:05 pm
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POSITIVE IMPACT
Coatue Management sold its entire Apple position and added shares of Broadcom Inc (AVGO) in the first quarter of 2024.
The addition of Broadcom shares by Coatue Management could indicate a positive outlook for the stock, potentially leading to a short-term price increase.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Coatue Management sold its entire Apple position and added shares of Taiwan Semiconductor Manufacturing (TSM) in the first quarter of 2024.
The addition of Taiwan Semiconductor Manufacturing shares by Coatue Management could indicate a positive outlook for the stock, potentially leading to a short-term price increase.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Berkshire Hathaway sold nearly half of its Apple shares, which may impact its portfolio value and investor sentiment. Despite the sale, Apple remains its largest public holding.
While the sale of Apple shares by Berkshire Hathaway could impact its portfolio value, the firm still holds a significant position in Apple. The overall impact on Berkshire's stock price is likely to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Berkshire Hathaway sold nearly half of its Apple shares in the first two quarters of 2024, but Apple remains its largest public holding. Other hedge funds have mixed reactions, with some increasing and others reducing their positions.
The significant reduction in Apple shares by Berkshire Hathaway, a major investor, could signal a lack of confidence in the stock, potentially leading to a short-term price decline. However, the mixed reactions from other hedge funds add complexity to the overall impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100