Apple Makes Up Largest Holding in Old North State Trust LLC's Portfolio
Old North State Trust LLC, an institutional investor, made a significant move in the tech sector by purchasing 61,415 shares of Apple Inc. (NASDAQ:AAPL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The acquisition is valued at approximately $17,771,000, making it a substantial addition to Old North State Trust LLC's investment portfolio, which now holds Apple as its largest holding at 9.1%.
Notably, this is not the only institutional investor that has shown interest in Apple recently. Berkshire Hathaway Inc., Bank of America Corp DE, and Legal & General Group Plc have all bought new stakes in the company during the second quarter, with valuations ranging from $65,950,297,000 to $30,443,242,000.
Furthermore, other institutional investors such as Nuveen LLC and Amundi have increased their holdings in Apple by 3.8% and 23.2%, respectively, during the first and fourth quarters of this year.