Investors Cut Apple Holdings by Most Since at Least 2008
- 13F filings show 1Q reduction, 3rd quarter in last 4 with cut
- U.S. bank shares also cut; emerging market ETFs see gains
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Institutional investors haven’t been this skeptical on Apple Inc. since at least the financial crisis.
They reduced their holdings in the iPhone maker by about 153 million shares in the first three months of the year, an analysis of 13F filings showed. That’s the biggest decrease since at least the first quarter of 2008 when Bloomberg started tracking the data. It’s also the most among any S&P 500 stock in the first quarter.