MutualFundWire.com: Fidelity Doesn't Love Apple Anymore
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Tuesday, April 2, 2013

Fidelity Doesn't Love Apple Anymore


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.


Printed from: MFWire.com/story.asp?s=43458

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