Castleark Management Cuts Stake in Apple Amid Pricing Concerns
Castleark Management LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 9.6% in the first quarter, according to a recent SEC filing. The fund owned approximately 350,011 shares of Apple's stock after selling 37,030 shares during the period.
The sale reduced Castleark Management LLC's holdings in Apple to about 2.9% of its investment portfolio, making it the company's fifth largest holding. Castleark Management LLC's total stake in Apple was worth $88,829,000 at the end of the first quarter.
Several other large investors have also made adjustments to their Apple holdings. First National Bank of Hutchinson increased its position in Apple by 24.6% during the fourth quarter, while Eagle Capital Management LLC boosted its holdings in Apple by 0.5% during the same period.