Apple Loses Major Shareholder Amid Patent Ruling Concerns

Nichols & Pratt Advisers LLP MA has reduced its stake in Apple Inc. (NASDAQ:AAPL) by 1.0% in the second quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm owned 521,022 shares of the iPhone maker's stock after selling 5,389 shares during the period.

Apple comprises about 9.2% of Nichols & Pratt Advisers LLP MA's holdings, making it its biggest position. Its stakes in Apple were worth $150,763,000 at the end of the most recent reporting period.

In other news, Berkshire Hathaway Inc purchased a new stake in Apple during the second quarter worth $65,950,297,000. Bank of America Corp DE also purchased a new position in shares of Apple in the second quarter valued at $36,986,090,000.