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Spiro Seagalas comment 2q16

Spiros Segalas Comments on Apple - Aug 18, 2016

Apple (NASDAQ:AAPL), whose shares fell on a lull in major product cycles, was a major detractor from relative returns, along with Nike and Alexion Pharmaceuticals. Amazon.com, the Fund’s largest holding as of June 30, 2016, was the top contributor to relative returns.

From Spiros Segamas' Armiel Appreciation second quarter 2016 commentary.