Hedge Funds
Appaloosa Management went from holding 2.5 million Apple shares to just 1.3 million — a nearly 50% reduction. Bridgewater Associates took its Apple holdings down to 274,852 shares — slashing its position in half. Nevsky Capital reported owning 2.5 million Apple shares in the second quarter and now owns just 908,156 shares. There’s the possibility that a fair amount of these hedge funds were scaling down because of the feat that iPhone sales show robust growth in the third or fourth quarters of 2015 like it has in previous years. Due to the fact that Apple shares decreased 12 percent...

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