TECH - Prominent Apple Bull Just Revealed That His Firm Does Not In Fact Own Any Apple Stock Right Now: 'But ... This Is The One We Continue To Believe In' | Benzinga
Prominent Apple, Inc. (NASDAQ:AAL) bull Gene Munster, Managing Partner at Deepwater Asset Management, disclosed in a CNBC interview on Tuesday that his firm had sold all of its shares in the tech giant. This revelation stirred a response on social media platforms.
What Happened: During Munster’s appearance on CNBC Squawk Box, he mentioned Deepwater’s ownership of Meta Platforms and Google-parent Alphabet, omitting any mention of Apple. However, Munster has consistently advocated for Apple in various media appearances, social media posts, and research notes.
When directly questioned about Apple’s absence in the fund, Munster clarified that Deepwater manages various types of funds with different investment strategies. He stated, “But currently we do not own it [Apple]. But we continue to believe in it strongly and look for opportunities to do that, to get back.”
Interestingly, Munster could not recall when Deepwater sold ...