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Apple a hedge fund target; Soros doubles stake

USA Today – Well-known investor George Soros has nearly doubled the size of his investment in Apple, the latest sign how the struggling stock is drawing big bets from celebrity investors.

Just a day after investor Carl Icahn revealed his plans to build a big position in Apple, fellow billionaire Soros disclosed in a regulatory filing that he now owns 66,800 shares of the company. The two are the latest deep-pocketed investors eyeing Apple’s nearly $150 billion in cash and investments, hoping the company will do something with that financial warchest to enrich shareholders.

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