Apple Inc. (AAPL) Drop Hurts Hedge Funds, Asset Managers

Apple Inc. (NASDAQ:AAPL) has seen its shares tumble more than 13% so far in 2013, and more than 33% since it hit highs of over $700 per share in September. The stock was the most widely held among hedge funds and those vehicles are being sorely tested in the first quarter of 2013. Here's a chart of the top holders of the stock in the financial world (the list consists of the largest asset managers, many of which hold the stock in mutual funds):

The average hedge fund returned just 6.2% in the full year for 2012. The S&P returned more than double that...