Top Hedge Funds Rack Up $2 Billion in Losses on Their Apple Holdings
- AQR, Adage, Millennium among firms with stakes in tech giant
- Apple was Adage Capital’s biggest holding as of Sept. 30
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Eight hedge funds that own large stakes in Apple Inc. have seen the value of their holdings plunge about $2.13 billion since the company cut its revenue outlook.
AQR Capital Management saw its holdings decline by about $732 million on Thursday as the stock slid as much as 9 percent. The firm held 8.8 million shares as of Sept. 30, according to data compiled by Bloomberg.