2nd Largest Apple Shareholder Fidelity Begins Liquidation In SEC Filing
2nd Largest Apple (AAPL) Fidelity Sells 4M Shares
February 14, 2013 2:29 PM EST
In an amended 13G filing on Apple, Inc. (NASDAQ: AAPL), Fidelity parent FMR LLC disclosed a 4.41%, or 41,472,327 share, stake in the company. This is down 8.84% from the 45,494,145 shares held at the end of the latest quarter ending September 30, 2012.
FMR is the second largest Apple holder behind BlackRock.
once these institutions liquidate they remain out of the story for years. this is a disturbing trend for apples new untested management team. again apple has demonstrated little interest in filling this gaping void left by legacy stakeholders with value investors.