Freemont Management S.A., an investment firm, reduced its position in Apple Inc. (NASDAQ:AAPL) by 9.6% during the first quarter, according to a recent SEC filing.
The company sold 4,900 shares of Apple's stock, leaving it with 46,200 shares worth approximately $11.7 million at the end of the period.
Apple accounts for about 1.8% of Freemont Management S.A.'s investment portfolio, making it its 15th largest holding.
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