JANUS HENDERSON GROUP PLC

Hedge Funds Add Apple, Reshuffle Technology Portfolio

Hedge Funds Add Apple, Reshuffle Technology Portfolio

Hedge funds continued to buy into some of the biggest technology companies including Apple Inc. in the second quarter while trimming positions in Nvidia Corp., as they reshuffle their positions in the artificial intelligence boom that had fueled a blistering rally in the US stock market.The iphone maker saw the biggest increase by market value for a single stock in the three months through the end of June, according to Bloomberg’s analysis of data from 13F filings. The stock soared nearly 25% during the period, attracting an aggregated net buy of more than 8.5 million shares from hedge funds. Janus…
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