Some Folks Have Been (Gasp!) Selling Apple Stock, Here’s Who

As Apple (AAPL) stock has climbed ever-higher, the temptation grows for some to sell and take profits. The Wall Street Journal suggested doing so in a story before the latest iPhone debut.

And it turns out that some big value managers have lightened up on the stock, according to the SEC’s 13F filings and the site dataroma.

Among them: Appaloosa Management’s David Tepper reduced his position by 24.62% last quarter, to 11.58% of his $2.6 billion portfolio. Sam Peters at Legg Mason Value Trust sold 16.67% -- to 5.25% of that $2.2 billion.

Greenlight’s David Einhorn, who has said Apple could be a $1 trillion stock (see YCharts) and who owns more than 1.4 million shares, reduced his number of shares ever so slightly, by less than 1%. To be sure, it's still 14.34% of his $5.9 billion portfolio.

So what could look better than Apple these days? In the last quarter, Tepper added to positions in companies that include Citigroup (C), United Continental (UAL), U.S. Airways (LCC) and Google (GOOG).

AAPL PE Ratio Chart

AAPL PE Ratio data by YCharts

AAPL Revenue Growth Chart

AAPL Revenue Growth data by YCharts

Peters’ buys included JPMorgan Chase (JPM), Pepsi (PEP) and Marvell Technology (MRVL).

AAPL PE Ratio Chart

AAPL PE Ratio data by YCharts

AAPL Revenue Growth Chart

AAPL Revenue Growth data by YCharts

And Einhorn loaded up on Seagate (STX):

AAPL PE Ratio Chart

AAPL PE Ratio data by YCharts

AAPL Revenue Growth Chart

AAPL Revenue Growth data by YCharts

But lighten up at your own risk. Apple has a tendency to cause sellers’ remorse.

AAPL Chart

AAPL data by YCharts

From the editors of YCharts.YCharts Pro Investor Service includes professional stock charts, stock ratings and portfolio strategies.

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