Annis Gardner Whiting Capital Advisors LLC Boosts Holdings in Apple Inc.

Ann Gardner Whiting Capital Advisors LLC increased its holdings in Apple Inc. (NASDAQ:AAPL) by 7.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,211 shares of the iPhone maker's stock after buying an additional 3,438 shares during the quarter. Apple comprises 2.0% of Annis Gardner Whiting Capital Advisors LLC's portfolio, making it its 9th biggest holding.

The total value of Apple in Annis' portfolio was $12,489,000 at the end of the most recent reporting period. This is not an isolated case, as other large investors have also added to or reduced their stakes in AAPL during the first quarter. For example, GatePass Capital LLC lifted its position in Apple by 18.4%, while California Public Employees Retirement System grew its stake in shares of Apple by 3.7%.

The news comes as India proposed extending tax exemptions through 2041 for foreign companies supplying equipment to contract manufacturers, which could lower Apple's manufacturing costs and support its strategy of shifting more iPhone production to India.