Apple Attracts More Hedge Fund Investors

Phillip Gross, Adage Capital -- The Boston-based hedge fund is the seventh-largest hedge fund owner of Apple, with more than 1.2 million shares, but Gross sold about 179,000 shares of the gadget maker during the third quarter.

David Tepper, Appaloosa Management -- The headlines around Tepper's third-quarter moves center around his dumping of bank stocks, but Tepper also quietly sold more than 161,000 shares of Apple. Appaloosa owned only 38,000 shares of Apple as of Sept. 30.

Ray Dalio, Bridgewater Associates -- The world's largest hedge fund, based in Westport, Conn., was a seller of Apple in the third quarter. Dalio's fund completely sold out of its position of 31,000 Apple shares.

Barry Rosenstein, Jana Partners -- The activist investor cut his position in Apple by 39,000 shares in the third quarter, leaving his hedge fund with 235,000 shares as of Sept. 30.

-- Written by Robert Holmes in Boston.

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