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Used to being near the top of the list on Edgar's database sorted by reported portfolio...

Used to being near the top of the list on Edgar's database sorted by reported portfolio weightings for Apple (AAPL), Wedgewood Partners (9% AUM in the stock) fell to 67th place in September. The fickle money is in the process of being weaned out, says the firm's David Rolfe, expecting Wedgewood will have moved back up the Edgar list by mid-February's update.
Comments (3)
  • chopchop0
    , contributor
    Comments (3131) | Send Message
     
    Is that when AAPL can expect to end its prolonged period of stock market funk?
    29 Dec 2012, 12:19 PM Reply Like
  • Jack Baker
    , contributor
    Comments (886) | Send Message
     
    No, it ends on Wednesday. Unless the whole market tanks big due to the fiscal cliff. But, in any case, that will be resolved in early January.
    29 Dec 2012, 01:22 PM Reply Like
  • larryhn
    , contributor
    Comments (2) | Send Message
     
    Opinion

     

    As soon as the giant Obama tax increases take effect 1/1/13 I think Apple will jump back - I believe that the looming increase in capital gains tax could wit the large capital gains that have accrued in Apple stock is artificially dragging it down as sellers take their gain under today's rates - I expect that it will jump back as soon as that pressure is removed - in fact since there will be increased demand due to the need to re-establish positions with an increased basis it is likely to set new highs IMHO - time will tell
    30 Dec 2012, 05:26 AM Reply Like
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