Masters Capital Management’s Apple AAPL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-8,000,000	Closed	-$226M	–	66
2016 Q3	$226M	Buy	8,000,000 +210,000	+3%	+$5.56M	4.54%	6
2016 Q2	$186M	Buy	+7,790,000	New	+$194M	5.48%	5
2015 Q1	–	Sell	-2,000,000	Closed	-$55.2M	–	64
2014 Q4	$55.2M	Sell	2,000,000 -6,000,000	-75%	-$163M	1.52%	18
2014 Q3	$202M	Buy	+8,000,000	New	+$196M	7.41%	3
2014 Q2	–	Sell	-5,600,000	Closed	-$107M	–	50
2014 Q1	$107M	Sell	5,600,000 -14,000,000	-71%	-$266M	3.61%	8
2013 Q4	$393M	Buy	19,600,000 +5,600,000	+40%	+$106M	16.46%	1
2013 Q3	$238M	Sell	14,000,000 -19,600,000	-58%	-$325M	12.84%	1
2013 Q2	$476M	Buy	+33,600,000	New	+$517M	36.55%	1