Icahn hasn’t made a good trade since his son forced him to buy NFLX at $60. On the other hand, Einhorn has been outperforming in 2016, posting a positive gain of 1.4% for the first month of the year, despite the wheels falling off the market.
Apparently, both men decided against holding Tim “I am so gay and single” Cook’s Apple into 2016.
Icahn sold 7 million Apple shares in the fourth quarter, leaving him with 45.8 million shares worth $4.8 billion. Greenlight Capital cut its stake by 44 percent to 6.3 million shares worth $661.5 million as of Dec. 31, according to a regulatory filing Tuesday. Vanguard Group Inc. and Northern Trust Corp. were also among the institutional investors that reduced Apple holdings in their portfolios.
Shares of AAPL are down 7.71% for 2016.
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