Deals
Apple Stock Sold by Mindich, Rosenstein in Fourth Quarter
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Viking Global Investors LP, the hedge fund run by O. Andreas Halvorsen, eliminated its entire stake in Apple Inc. in the fourth quarter, joining rivals that either exited or cut holdings as shares of the maker of iPhones and MacBooks slumped.
Viking sold 1.1 million Apple shares, according to a regulatory filing today. Other funds that exited Apple included Lone Pine Capital LLC, run by Stephen Mandel Jr., which sold 805,269 shares and Third Point LLC, run by Daniel Loeb, which sold all of its 710,000 shares, filings show. In aggregate, investors who made filings sold 21.7 million Apple shares in the quarter, about 3.8 percent of their total holdings, according to data compiled by Bloomberg.