Stocks
Altshuler Shaham Ltd Doubles Down on Apple Stake
Altshuler Shaham Ltd increased its stake in Apple Inc. (NASDAQ:AAPL) by 165.2% during the first quarter, according to its latest SEC filing. The fund now owns 591,698 shares of Apple's stock after acquiring an additional 368,606 shares.
This represents about 2.4% of Altshuler Shaham Ltd's portfolio, making Apple its 13th biggest holding. The total value of Apple's holdings in the fund was $150,167,000 at the end of the reporting period.
Altshuler Shaham Ltd is not alone in increasing its stake in Apple. Other institutional investors and hedge funds have also boosted their positions in the company during the same quarter.