Greenwoods Asset Management Cuts Apple Stake by 40.9%

Greenwoods Asset Management Hong Kong Ltd., an investment firm, revealed in its latest filing with the Securities & Exchange Commission that it reduced its stake in Apple Inc. (AAPL) by 40.9% during the second quarter. The company now owns 146,668 shares of Apple's stock after selling 101,700 shares during the period. This change represents a significant reduction in Greenwoods Asset Management Hong Kong Ltd.'s investment portfolio, which lists Apple as its 9th largest position.

The value of Greenwoods Asset Management Hong Kong Ltd.'s holdings in Apple was approximately $42,440,000 as of its most recent filing with the Securities & Exchange Commission. Meanwhile, other hedge funds have also made adjustments to their positions in AAPL during the second quarter, including Longfellow Investment Management Co., which purchased a new position worth around $30,000.