CNBC – Hedge funds flocked to Apple in the run-up to the launch of the iPhone 6, but new data shows the company is now the most sold position among some of world’s largest funds.
Three of the top 10 U.S. hedge funds by equity holdings decreased their position in Apple and two funds moved out completely resulting in a $1.3 billion drop according to the quarterly “13F fillings” of investment firms’ holdings analysed by S&P Capital IQ for the third quarter.
