Will Apple’s Construction Hang-Ups and Budget Spikes Worry These Top Institutional Shareholders?

Many ambitious, colossal construction projects tend to end up costing far more than originally anticipated, and Apple’s (NASDAQ:AAPL) ‘Spaceship’ headquarters building is no exception. Costs for the circular structure have swelled to over $5 billion, from under $3 billion, and its move-in date has been pushed back a year, to mid-2016. ”They could conceivably break ground in 2013, but only if everything goes smoothly,” said Cupertino City Manager David Brandt. He pointed to the fact that the situation relies on the city council’s approval, as well as lack of opposition from residents. “The project is running a little bit slow.” The company was hoping to break ground on the project this year, but the environmental impact report required may not be finished until June, at least.

These institutional firms indicated owning shares of Apple in Q1 2013. They reported owning a total of 405,179 shares on 03/31/2013. The shares closed at $442.66 on 03/31/2013.

Is Apple now a once-in-a-decade buying opportunity? Click here to get your 24-page Ultimate Cheat Sheet to Apple’s Stock now!

Here are the ten largest positions in Apple Inc. at the end of March 31st, 2013.

River & Mercantile Asset Management LLP held 81,199 shares on 03/31/2013 worth $35,928,000. This brought the portfolio total to 0.16%.

Neville, Rodie & Shaw Inc. held 80,842 shares on 03/31/2013 worth $35,786,000. This brought the portfolio total to 4.25%.

BB&T Corp. held 69,003 shares on 03/31/2013 worth $30,545,000. This brought the portfolio total to 1.27%.

Fulton Bank N.A. held 27,991 shares on 03/31/2013 worth $12,391,000. This brought the portfolio total to 1.54%.

First American Trust Co. held 22,218 shares on 03/31/2013 worth $9,835,000. This brought the portfolio total to 3.54%.

Nexus Investment Management Inc. held 21,903 shares on 03/31/2013 worth $9,791,000. This brought the portfolio total to 2.36%.

Park National Corp. held 19,458 shares on 03/31/2013 worth $8,613,278. This brought the portfolio total to 0.7%.

JW Burns & Co. held 14,098 shares on 03/31/2013 worth $6,241,000. This brought the portfolio total to 2.64%.

Bath Savings Trust Co. held 13,665 shares on 03/31/2013 worth $6,049,000. This brought the portfolio total to 2.87%.

NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW!

Calvert Investment Management Inc. held 11,030 shares on 03/31/2013 worth $4,882,000. This brought the portfolio total to 0.68%.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

More Articles About:   ,