Kanen Wealth Management Buys New Position in Apple Worth Over $1.8M

Kanen Wealth Management LLC has acquired a new position in Apple Inc. (AAPL) stock, purchasing 7,100 shares worth approximately $1,802,000 in its most recent 13F filing with the Securities & Exchange Commission.

The institutional investor's purchase represents about 0.6% of Kanen Wealth Management LLC's portfolio, making Apple its 23rd largest holding.

This is not an isolated instance; other hedge funds have also recently modified their holdings of AAPL. Norges Bank acquired a new stake in Apple during the fourth quarter worth approximately $52,266,468,000, while Nuveen LLC acquired a new position in shares of Apple in the first quarter valued at around $17,472,482,000.

Cardano Risk Management B.V. boosted its holdings in shares of Apple by 890.7% in the fourth quarter and now owns 41,984,810 shares of the iPhone maker's stock valued at approximately $11,413,990,000.