As Apple rose, funds dumped
November 15, 2018 by Steven M. Peters
According to Whale Wisdom, 1,481 funds either reduced or closed their Apple position in calendar Q3 2018.
Here’s how Apple’s shares performed in calendar Q3:
Click to enlarge.
Here, from 10,000 feet, is what the funds did in calendar Q3 (from SEC Forms `13f): 
Click to enlarge.
What have the funds been doing during this quarter’s Apple sell-off? We won’t find out until February 15, 2019, 45 days after the quarter’s end.
My take: These fund managers risk becoming a contrary indicator for Apple. More to come when I dig into the positions of individual funds.
CORRECTION: An earlier version of this story had a math error. 1,481 is the correct total for funds that reduced or closed their Apple position in Q3.
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