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Apple Gets Cut by T. Rowe, Fidelity Just Before Stock Rallies

Charles Stein
Apple Gets Cut by T. Rowe, Fidelity Just Before Stock Rallies

A group of trillion-dollar money managers cut their holdings in Apple Inc. in the first quarter, just before the stock rallied. T. Rowe Price Group Inc. sold 35.6 million shares, or roughly half its stake in Apple, according to regulatory filings. Its remaining position was valued at $6.18 billion as of March 31.