Deals
Heebner Sold Most of His Apple Stake in Third Quarter
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Kenneth Heebner, manager of the top-performing diversified U.S. mutual fund in the past 10 years, sold most of his stake in Apple Inc. in the third quarter.
Heebner’s Capital Growth Management LP sold 1.04 million Apple shares, leaving his holdings in the Cupertino, California-based maker of iPhones and computers at 110,000 shares, according to a filing today with the U.S. Securities and Exchange Commission. Heebner bought stakes in Freeport-McMoRan Copper & Gold Inc., Priceline.com Inc. and Southwest Airlines Co. in the quarter.