Activist investor Carl Icahn may have given everyone a heads up on Tuesday via Twitter that he had a “large position” in Apple, but later this week, all institutional investment managers and advisors will have to fess up as to all of their securities holdings worth $100 million or more.
The U.S. Securities and Exchange Commission requires large investors to report their significant holdings, but only about a month and a half after the quarter ends, as AppleInsider reported in mid-February.
Bloomberg reported Icahn now owns a piece of Apple worth more than $1 billion. The report cited the ever-popular unnamed “person with knowledge of the purchase” as saying that Icahn had “accumulated the position over the past month.”
The deadline for major institutional investment managers and advisors to disclose the common stock holdings and options is August 15th. All reports will be as of the end of the June quarter.