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Are Billionaire Investors Bullish or Bearish Apple?

With so much chatter about Apple , it seemed like a good time to parse through the 13F filings and see how the big boys are positioned.

As it turns out they’re split. They are still plenty of Apple bulls but there are plenty of Apple bears too. See for yourself:

Apple Bulls
Dan LoebAdded 150,000
David EinhornAdded 525,000
Steve MandelAdded 450,000
Paul Tudor JonesAdded 365,000
George SorosAdded 248,000

Apple Bears
Eric MindichSold 450,000 (out)
Steve CohenSold 450,000
Ken HeebnerSold 1.04M


Considering they’re all smart guys, who’s got it right? How should you position?

Instant Insights with the Fast Money traders

I'm bearish, says Guy Adami. Since Steve Jobs talked about margins the stock hasn't done much. And if the tape rolls over I think Apple goes down with it. I suspect it trades down to $285.

Not enough of their sales come from overseas, says Tim Seymour. Their overseas sales number has to get a lot bigger before I can say Apple has more upside.

The 50-day is $295 and the 100-day is around $275, adds Pete Najarian. If the stock pulls back the way Guy and Tim says it will - I'm a buyer.

I'm long and I plan to stay long, says Karen Finerman. I'm not worried about a move lower; if it comes I suspect it will be modest. I don't find valuations to be stretched.

I wouldn't bet against Apple into the holidays, says Simon Baker. I'm also a buyer on weakness.






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Trader disclosure: On November 16th, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour owns (AAPL), (BAC); Seymour is short (FCX); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman owns (AAPL); Finerman owns (BAC); Finerman owns (JPM); Finerman’s firm owns (WMT); Finerman and Finerman’s firm owns (JCG); Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (SPY); Finerman's Firm Is Short (MDY); Finerman's Firm Is Short (IJR); Finerman's Firm Is Long Russell Puts; Finerman's Firm Is Long S&P Puts; Pete Najarian owns (BAC); Pete Najarian owns (SLV) and call spreads; Pete Najarian owns (CNI); Pete Najarian owns (F) Bonds; Pete Najarian owns (FIRE)

For Simon Baker
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For Dan Nathan
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