Apple Stock vs. Tesla Stock: Billionaires Are Buying One and Selling the Other Ahead of 2025
Apple(AAPL) The Motley Fool·2024-12-13 17:00
Apple (AAPL 0.60%) and Tesla (TSLA -1.57%) are two of the largest and most popular stocks among retail and institutional investors. But a few billionaire-led hedge funds sold Apple and bought Tesla during the third quarter. Here are the details.Israel Englander of Millennium Management sold 11.5 million shares of Apple, reducing his stake by 90%. Apple had been one of his 10 largest holdings, but it no longer ranks in the top 50. Meanwhile, Englander bought 225,760 shares of Tesla, increasing his position b ...