Daiichi Life Doubles Down on Apple with Massive Stock Purchase

Daiichi Life Insurance Co. Ltd., a Japanese insurance company, has made a significant investment in Apple Inc. by purchasing 767,131 shares of its stock during the second quarter.

The shares were valued at approximately $221,977,000 and now represent 5.2% of Daiichi Life's entire investment portfolio, making Apple its single largest holding.

This move is part of a larger trend where institutional investors are increasingly buying into Apple stock, with other notable purchases made by Commerce Bank, GQG Partners LLC, Northwestern Mutual Wealth Management Co., Cadence Wealth Management LLC, and Academy Capital Management.