Apple is up about 74% in 2012, which is not bad considering that performance follows years of 26%, 53%, and 147% the prior three years. This stock has made careers for a number of fund managers.
Will it continue? Research from Rob Arnott suggests it is certainly challenging for the largest company in a sector or market (Apple is both) to keep up the momentum.
Below are the nine hedge funds where Apple (AAPL) represents the highest % of their long stock holdings according to the most recent 13F (HT: RM, via AlphaClone):
Raiff Partners Inc. 28.1%
Coatue Management 16.7%
Greenlight Capital 13.9%
Tiger Global Management 13.5%
JAT Capital Management 12.7%
Tiger Veda Management 11.6%
Appaloosa Management 11.5%