16:32:31 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Apple CDR (CAD Hedged)
Symbol AAPL
Shares Issued 7,650,000
Close 2023-12-04 C$ 28.11
Market Cap C$ 215,041,500
Recent Sedar Documents

Globe says for Sollbach, Apple was one that got away

2023-12-04 07:39 ET - In the News

The Globe and Mail reports in its Monday edition that Money manager Ed Sollbach is not buying big bank stocks to balance his portfolio or betting on the hottest artificial intelligence play for growth. The Globe's Brenda Bouw writes that instead, the portfolio manager at Spartan Fund Management in Toronto puts together a mix of high-yielding large and medium-cap equities and lesser-known micro and small-cap securities he believes are set to rebound. Mr. Sollbach refers to it as a "core and more" strategy for the $65-million Spartan Fund Management MM Fund he oversees. He says the strategy has enabled the fund to generate double-digit compounded annualized returns since its inception in 2015. His one regret is selling Apple a couple of years ago: "It saw a big bump during the pandemic with so many people working from home, so we thought sales would slow after that. Our thesis was correct. Sales growth has slowed, but the stock keeps increasing. So, that's one we wish we would have stuck with." His advice for new investors is that investing is a learning game, and start slowly. Mr. Sollbach adds: "If you have an investment idea, buy a few shares and see how it goes before taking a full position. Also, be diversified."

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