Reuters: Technology News: Fidelity Contrafund cuts Apple stake by another 9 percent in April

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Fidelity Contrafund cuts Apple stake by another 9 percent in April Jun 3rd 2013, 12:45 Tweet Share this Email Print Related News Apple enjoyed Irish tax holiday from the start Thu, May 23 2013 Apple CEO makes no apology for company's tax strategy Tue, May 21 2013 Ireland rejects blame for Apple's low tax rate Tue, May 21 2013 Hedge funds shop at Supervalu, sour on Apple Wed, May 15 2013 Analysis & Opinion The fix for corporate income tax Apple tax fight needs global response A worker climbs outside an Apple store in Hong Kong April 10, 2013. Credit: Reuters/Bobby Yip BOSTON | Mon Jun 3, 2013 8:45am EDT BOSTON (Reuters) - After cutting its stake in Apple Inc by 12 percent in the first quarter, Fidelity's Contrafund trimmed its holdings in the iPhone maker by another 9 percent in April. Contrafund, run by portfolio manager Will Danoff, reported owning about 9.2 million shares of Apple at the end of April, according to disclosures by Boston-based Fidelity Investments. Contrafund owned 10.1 million Apple shares at the end of the first quarter. Contrafund is the largest active shareholder in Apple. Only a Vanguard Group index fund owns more shares. (Reporting by Tim McLaughlin; Editing by Jeffrey Benkoe) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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