This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Whitney Tilson Sells Apple Stake

NEW YORK ( TheStreet) -- Noted hedge fund manager Whitney Tilson has bailed out of Apple (AAPL - Get Report), for a loss, according to his 14th annual investment letter, a copy of which was obtained by TheStreet.

"Since I took over as sole portfolio manager seven months ago, I have purchased/repurchased only eight stocks, seven of which have risen - and are currently the seven largest positions in the fund (we took a small loss on Apple, which I sold)," wrote Tilson, famous for both short and long positions he has taken on Netflix (NFLX) among many other names.

Tilson, who started T2 Partners with Glenn Tongue, split away from Tongue, and formed his own fund, Kase Capital, taking over as sole portfolio manager seven months ago. Kase stands for the first letters of the first name of the four most important people in Tilson's life: his wife, Susan, and three daughters, Alison, Emily, and Katharine.

Tilson also gave details on his largest long positions in his portfolio, with Berkshire Hathaway (BRK.A - Get Report) continuing to account for the largest position in the fund. Rounding out the top five positions are AIG (AIG - Get Report), Howard Hughes (HHC - Get Report), Citigroup (C), and Goldman Sachs (GS - Get Report).

In addition to listing his long positions in the letter, Tilson also noted that he is short eight positions, including InterOil (IOC), Nokia (NOK) and K-12.

A call to Tilson was not immediately returned.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.25 -0.14%
AIG $54.81 0.04%
BRK.A $216,300.00 -0.55%
GS $192.23 2.27%
HHC $153.71 -0.85%


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs