Apple stock split

I haven’t been involved in the beta so don’t know how pies work, but don’t you have a ā€˜total holdings’ view/option, to see your total holdings pre-pie allocation?

Yes… it’s what we can see on ā€œInvestā€ tab… the total assets for each stock.
How they are distributed on Pies may be more a ā€œcosmeticā€ thing (of course used to some calculations).

Exactly as I thought, pies are a cosmetic allocation of your overall holding.

I highly doubt if your total Apple holding is in rounded off shares, that they would not be split. If you have 2 full shares across four pies, I’d expect you will - after split - have 8 (is it a 1-4 split again? I’m getting confused with TSLA now!) across four pies.

@David can you validate the above please? The split will occur against total holdings, not on a pie-by-pie basis, right?

Thanks

Maybe the import/export from pie feature will be available by that point, then we can all merge pie and non-pie holdings into one, then ā€œtop it upā€ to a round number (or as close as you can get) :crossed_fingers:

If not, my instinct says pie and non-pie would be treated separately (because they are everywhere else) and non-pie would go to free funds, and pie would go to pie free cash.

@Joey_Fantana but again that same visual/esthetic prevents T212 to provide split shares even to fractional owners. Same logic could be applied tbh.

But anyway, it would be wise for T212 to make a detailed statement on the topic and sticky, so there is no confusion and panic on D-Day.

I could be wrong (never was in the latest 40 years), but you own a specific number of a company’s shares, those 10 shares ā€œare register in your nameā€ somewhere, if your current broker divide that internally among 50 Pies, it should no matter in terms of share holding positions.

an update on the Apple pies thing. I asked in chat today with T212 and got told pies and investments are treated separately.

Why would you top up to 3.01 and not 3?

Because it is not possible to top up exactly to a whole number of shares. In a pie you have to place an order by value so it is impossible to know in advance exactly how many shares you will receive. I did a small calculation and topped up by £23 and now have in a pie 2.0000379 shares. But there is no way I could have ensured I would have exactly 2. When the 0.0000379 is sold I will have something like £0.02 added to my free funds.

Thanks for the explanation.

I don’t use pies yet, so I didn’t realise that.

For those of you that haven’t been following the equivalent Tesla topic, a lot of the information contained in this Apple topic has been invalidated by this:

To summarise for Apple:

  1. Your total shares are multiplied by 4
  2. You retain any resulting whole shares and the fractional part is sold at the post-split price
  3. Your post-split whole shares are split between the pie and non-pie parts in the same ratio as pre-split

Looks like it’s happening now have 2 shares. The graph is kind of bugged

Did this not happen with Tesla? My fraction shares have been split and I now have whole shares. So where it was 0.6. It’s now 3 shares

If you had less than 0.25 shares in Apple or 0.2 shares in Tesla then all your shares would’ve been liquidated. Any more than that and you’d still have at least one share. If you held an exact multiple of 0.25 or 0.2 respectively then nothing would’ve been liquidated.