The big funds on Apple: Who bought and who sold last quarter

May 17, 2013, 1:46 PM UTC

Data: Whale Watch. Options trades not included.

FORTUNE — Any institution with more than $100 million in equities under management was required to file a Form 13f Wednesday telling the U.S. Securities and Exchange Commission what stocks they bought and sold last quarter, and once again Apple (AAPL) was the No. 1 equity in their portfolios.

Although several news sites — including CNBC, CBS and
USA Today
— ran headlines to the effect that hedge funds were “fleeing” Apple (USA Today‘s verb), the stats don’t quite support them.

To be sure, there was a 5.2% reduction in the number of shares held by the big institutions — to 572 million from 603 million the previous quarter.

But according to Whale Watch, which provides a summary of the 13fs on its website, more big funds added to their Apple holdings in Q1 2013 than reduced them.

From Whale Watch’s report, as of Friday morning:

  • Number of funds holding Apple: 1,809
  • Number that had Apple as their top holding: 650
  • Funds adding to an existing Apple position: 1,009
  • Funds reducing their Apple position: 664
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