Bridgewater Advisors Inc. Doubles Down on Apple Inc.
Bridgewater Advisors Inc., a prominent institutional investor, has significantly increased its stake in Apple Inc. (NASDAQ:AAPL). According to the company's latest 13F filing with the Securities and Exchange Commission (SEC), Bridgewater Advisors Inc. boosted its holdings in Apple by 14.4% in the first quarter.
The investment firm now owns 216,109 shares of Apple's stock, valued at $54,846,000 as of its most recent SEC filing. This represents 3.4% of Bridgewater Advisors Inc.'s portfolio and makes Apple its 8th largest holding.
Other large investors have also been increasing their stakes in Apple. First National Bank of Hutchinson increased its holdings by 24.6% during the fourth quarter, while Eagle Capital Management LLC lifted its stake by 0.5% during the same period.