The Amazing Apple Effect

The following Apple ($AAPL) stats come to us from the Econ Brothers blog in their recap of Q1 2012…

Apple of course was the big story. The effect this stock has had is amazing.. The weighting of Apple in the Russell 1000 Growth Index started the year at 5.81%. At the end of this quarter, the weight in the index had grown to 7.72%. A year ago Apple had a 4.57% weighting in the index. It seems like every mutual fund owns shares of the tech firm. According to the WSJ, 788 US stock funds own shares, and it is the largest holding in 465 of those funds. On average, large cap funds own 5.5% in their portfolios. At least 50 small & mid cap funds own it, as does the Blackrock High Yield Bond fund, and three Fidelity Europe focused stock funds.

Good stuff, more interesting stats follow in the rest of their post.

Source:

Some Q1 random observations that took place in the land of mutual funds (Econ Brothers)