Institutional Investors Flock to Apple Amid Optimism Over iPhone Demand

Port Capital LLC recently invested $13.91 million in Apple Inc. (NASDAQ:AAPL), acquiring 48,058 shares of the iPhone maker's stock during the second quarter.

This is not an isolated instance; other hedge funds and institutional investors have also added to or reduced their stakes in the company.

Prospect Hill Management LLC, for example, bought a new position in Apple worth approximately $146.37 million, while Focus Partners Advisor Solutions LLC acquired a 2.6% stake in the company worth $168.65 million.

Institutional investors currently own 67.73% of Apple's stock, indicating significant interest in the tech giant.