Julian Robertson's Tiger Management sold all of its Apple stock
Julian Robertson's Tiger Management LLC sold its entire stake in Apple Inc. during the first quarter, as the hedge fund nearly halved the value of its equity holdings, according to its latest 13F regulatory filing. Tiger had owned 409,310 shares of Apple as of Dec. 31. The fund's equity assets were valued at $398.7 million as of March 31, down from $775.2 million as of Dec. 31. Some other moves Robertson's fund made during the quarter included cutting its Alphabet Inc. stake by 46% to 38,785 shares, slashing its Citigroup Inc. holding by 54% to 303,000 shares, selling his entire 1.1 million share stake in DeVry Education Group Inc. , adding a new 228,840-share stake in Celgene Corp. , reducing his Facebook Inc. bet by 57% to 212,000 shares, adding a new 124,600-share stake in FedEx Corp. , nearly halving its holding in Delta Air Lines Inc. to 511,775 shares and by selling off its 230,300-share stake in IAC/InterActiveCorp.
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