Apple shares are one reason hedge funds lag mutual funds in 2016

By David Randall NEW YORK (Reuters) - Hedge funds may have taken too big a bite of Apple Inc . Shares of the iPhone maker are one of the biggest bets among hedge funds, with 47 of them listing Apple among their ten largest holdings as of the end of 2015, according to a report from Goldman Sachs on March 18. At the same time, mutual funds are going the opposite direction: Apple is their second-largest underweight holding, meaning the funds invest less of their portfolio in the company than its pe