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How much Apple should mutual funds own?

Every mutual fund owner who invests in large growth stocks has to wrestle with the Apple question. How much should they own? A fund that holds too few shares will likely lag the market and may look like a looser compared with peers. Managers who buy too much may set off alarms about having too many eggs in one basket. Apple’s rare combination of sheer size and stellar performance is putting fund managers in an awkward situation.

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