An apparatus for transferring a circuit component is presented that includes a plurality of component holders each of which includes an axial portion and a component holding portion which is provided at a lower end of the axial portion and which holds a circuit component, a rotatable body which is rotatable about an axis line thereof and which has, at respective equal distances from the axis line, a plurality of holding holes in which the respective axial portions of the component holders are fitted, respectively, such that each of the component holders is rotatable about an axis line thereof and is movable in an axial direction thereof, a drive gear which is concentric with the rotatable body and which is rotated by a desired angle by a drive source, a plurality of driven gears which are fixed to the component holders, respectively, such that each of the driven gears is concentric with a corresponding one of the component holders, the each driven gear being meshed with the drive gear, and an elevating and lowering device which elevates and lowers the component holding portion oft he each component holder, by moving the each component holder in the axial direction thereof, the meshing of the driven gear fixed to the each component holder with the drive gear being maintained while the elevating and lowering device moves the each component holder in the axial direction thereof.