While we own Apple stock across all of our quantitative long equity strategies, we’ll admit to having mixed feelings when the company shot up to an S&P 500 index weighting of just over four percent last month (4.04%).
Our Tech sector outpaced the S&P 500 Tech sector by 1400 bps and our Materials sector lagged the S&P 500 Materials by 2300 bps. Here’s why…
A discussion on mounting Apple insanity and an old study revisited focusing on long term corporate survivorship— “Is Apple Forever?”
Apple now comprises 4.4% of the S&P 500, making it the fifth entrant into the Four Percent Club since 1990.