Jennison Associates LLC Cuts Apple Stake by Nearly 6%
Jennison Associates LLC has reduced its stake in Apple Inc., selling nearly 2.1 million shares during the first quarter.
The institutional investor now owns approximately 33.6 million shares of Apple, making up about 5.9% of its holdings and ranking it as its third-largest holding.
The sale resulted in a total value of $8.52 billion, representing roughly 0.23% of Apple's outstanding stock.