Academy Capital Makes Big Bet on Apple With $79M Investment

Academy Capital Management acquired a new position in Apple Inc., acquiring 273,364 shares of the iPhone maker's stock valued at approximately $79,101,000 in the second quarter.

The fund's acquisition of Apple represents 10.5% of its portfolio, making it the company's biggest position.

This is not the only change to institutional investors' positions in AAPL; other firms such as Sterling Wealth Management Inc., Evansbrook LLC, JMG Financial Group Ltd., Advocate Investing Services LLC, and Interactive Financial Advisors Inc. have also made adjustments to their holdings of Apple stock.