Dozens of Hedge Funds Sell Apple Shares

Hedge Fund: Duquesne Capital Management, based in Pittsburgh, has 109 reported holdings with a value of nearly $2.2 billion as of Dec. 31. At the end of the third quarter, the fund had 162 reported holdings worth $4.3 billion.

Shares of Apple Sold in Quarter: 689,200

Position Remaining in Apple: 42,640 shares worth only $13.8 million (as of Dec. 31)

Top Buys in Quarter: Elan(ELN) was Duquesne Capital's largest purchase in the fourth quarter, based on share count. The fund added more than 11 million shares of the biotech company in the quarter. Duquesne also bought 3.4 million shares of Halliburton(HAL) and 2.2 million shares of Swift Energy(SFY).

Top Sales in Quarter: While the sale of Apple by Duquesne was significant, the fund made other sales of far greater magnitude on a share-count basis. The hedge fund dumped more than 5.6 million shares of Altria(MO), as well as more than 4 million shares each of Freeport-McMoRan(FCX), King Pharmaceuticals(KG), AT&T(T) and Verizon(VZ).

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Hedge Fund: Lone Pine Capital is based in Greenwich, Conn., and has 52 reported holdings worth $12 billion as of Dec. 31.

Shares of Apple Sold in Quarter: 992,480

Position Remaining in Apple: 1.7 million shares worth $553 million (as of Dec. 31)

Top Buys in Quarter: Lone Pine's largest acquisition on a share-count basis was Global Logistic Properties, which trades overseas. Among U.S. stocks, the fund bought a whopping 145 million shares of Citigroup(C), 7 million shares of Schlumberger(SLB), 5.1 million shares of Cablevision(CVC) and 5 million shares of Dollar General(DG).

Top Sales in Quarter: Lone Pine sold nearly 24 million shares of Popular(BPOP) during the fourth quarter, making it the fund's largest sale by share count. Other big sales included 9.5 million shares of Invesco(IVZ), 7 million shares of Activision Blizzard(ATVI) and 5.2 million shares of Green Mountain Coffee Roasters(GMCR).

-- Written by Robert Holmes in Boston.

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