Apple Stock Jumps Amid Supply Chain Concerns
Weiss Asset Management LP reduced its stake in Apple Inc. (NASDAQ:AAPL) by 55.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 46,140 shares of the iPhone maker's stock after selling 58,243 shares during the quarter. Weiss Asset Management LP's holdings in Apple were worth $11,710,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Everest Financial Group LLC grew its position in shares of Apple by 21.1% in the first quarter. OMERS ADMINISTRATION Corp raised its holdings in shares of Apple by 22.5% in the first quarter.
Apple's principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.