Fidelity Investments’ Contrafund was the largest Apple shareholder as of November 2008, likely meaning all parties involved aren’t terribly impressed with the latest Steve Jobs developments. Well, not really. It’s holdings equal $1 billion of its $48.5 billion mutual fund, only about 2.25 percent of its holdings and 8th largest position.
Jobs’ announcement would have hurt the fund a little more in September when its Apple holdings were closer to $6 billion. After the news broke that the Apple chief executive was stepping down until late June to tend to his health problems, Apple’s share price dropped almost 10 percent in aftermarket trading. Currently it’s sitting down 6 percent.
(Image Credit: nebarnix)
