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Elefante Fund Buys $12.5 Million in Apple Stock

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AAPL
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Mark B's Elefante fund has acquired 43,366 shares of Apple Inc. (AAPL) stock in the second quarter, valuing the stake at approximately $12,548,000.

This purchase accounts for about 5.4% of Elefante Mark B's holdings, making it the company's fourth-largest holding.

Apple's revenue has seen a 16.4% increase year-over-year, with net margins reaching 27.62%, and return on equity at 135.46%.

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