True North Advisors Trims Stake in Apple Inc. Amid Ongoing Portfolio Adjustments
True North Advisors LLC, an institutional investor, has made adjustments to its holdings in Apple Inc. (AAPL) shares. According to a recent SEC filing, the firm reduced its stake in AAPL by 0.7% in the first quarter of this year. This decrease was achieved through the sale of 2,054 shares, resulting in a total of 299,636 shares owned by True North Advisors LLC as of the latest filing.
The stock accounts for approximately 8.7% of the firm's portfolio, making it its second-largest position. As of its most recent SEC filing, Apple's holdings were valued at $76,045,000. This is not an isolated instance of institutional investors adjusting their AAPL stakes; SEB Asset Management AB acquired a new position in shares of Apple during the same quarter, valuing its investment at $1,265,497,000.
Other notable investors have also made changes to their holdings in AAPL. Swiss National Bank boosted its stake by 6.1% in the first quarter and now owns 43,134,968 shares worth $10,947,224,000. AIA Group Ltd grew its stake by 5.8%, while Legacy Wealth Advisors LLC increased its holdings by 24.6%