Dearborn Partners Doubles Down on Apple with $114M Stake
Dearborn Partners LLC, a hedge fund, recently acquired 394,954 shares of Apple Inc. (AAPL) stock in the second quarter, according to its latest SEC disclosure. This new stake is valued at approximately $114,284,000 and accounts for about 5.3% of Dearborn Partners' portfolio.
Apple makes up a significant portion of several other institutional investors' portfolios as well. Berkshire Hathaway Inc bought a new stake in shares of Apple during the second quarter valued at around $65,950,297,000. Bank of America Corp DE also acquired a new position in Apple in the same period worth $36,986,090,000.
On the other hand, Amundi boosted its holdings in shares of Apple by 23.2% during the first quarter. The company now owns 73,082,616 shares of the iPhone maker's stock valued at around $18,547,637,000 after buying an additional 13,780,080 shares.