Canada Pension Plan Investment Board Dives Deeper into Apple Holdings

The Canada Pension Plan Investment Board has made a significant investment in Apple Inc., acquiring 26,489,978 shares of the company's stock during the second quarter. This acquisition valued at approximately $7.665 billion makes Apple one of the largest holdings in the pension fund's portfolio.

Apple accounts for about 4.2% of the Canada Pension Plan Investment Board's investment portfolio and is its 2nd largest holding, according to the most recent filing with the Securities & Exchange Commission.

The news comes as Apple continues to perform well on the market, with a 10% increase in value over the past month. Analysts remain bullish on the company's prospects, with several maintaining price targets above $300 per share.