Hedge Funds Make Big Bets on Apple Shares

PMV Capital Advisers LLC has acquired a new stake in Apple Inc. (NASDAQ:AAPL) worth approximately $1,134,000, according to its most recent Form 13F filing with the Securities and Exchange Commission.

The fund bought 3,918 shares of Apple's stock in the second quarter, making it the company's 12th largest position at 1.7% of PMV Capital Advisers LLC's investment portfolio.

This is not the only significant change to Apple's share ownership in recent months: several other hedge funds have also modified their holdings of the company.