Freestone Grove Partners LP Acquires Significant Stake in Apple Inc.

Freestone Grove Partners LP acquired a significant new position in Apple Inc. (AAPL) during the second quarter, as revealed by its recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 203,775 shares of AAPL's stock, worth approximately $58,964,000.

Freestone Grove Partners LP is not the only investor to have increased its holdings in AAPL recently; several other hedge funds and institutional investors have also done so. Legal & General Group Plc acquired a new position in Apple during the second quarter worth $30,443,242,000, while Deutsche Bank AG acquired a new stake in shares of Apple in the 2nd quarter valued at $13,658,359,000.

In related news, SVP Jennifer Newstead sold 2,399 shares of AAPL's stock on Tuesday, September 22nd. The sale was disclosed in a legal filing with the SEC and represents a decrease in their ownership of the stock by 5.13%.