Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Why are fund managers' average/minimum purchase price from form 13F the same?
The GuruFocus Link is just reporting the high and low price of the quarter.  Price Range (Average) – The estimated trade prices. The average price   is calculated from the time weighted average during the period. If no   price range is shown, the trade prices are estimated trade prices,   which are more accurate estimates. AAPL: $420.05 - $549.03 ($467.26) The numbers for the high and low match what I found for AAPL on Yahoo Finance. Keep in mind their definition uses estimate 3 times.