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Rating:Fidelity Doesn't Love Apple Anymore Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 02, 2013

Fidelity Doesn't Love Apple Anymore

News summary by MFWire's editors

The love is gone, just a little.

Will Danoff, portfolio manager of the $92 billion Fidelity Contrafund, has cut the fund's stake in by 10 percent during the first two months of 2013, reports Reuters.

The fund is the largest active shareholder in the manufacturer of iPhones, iPads and the iPod.

The newswire reports that Danoff began trimming his Apple stake late last year, but the latest monthly update from Boston-based Fidelity shows deeper cuts in the early part of 2013.

Read more about the move, as well as the fund's other holdings, in Reuters

Edited by: Tommy Fernandez


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