KRS Dumps Nearly 85% of Apple Holdings Amid Sector Pressures

Kentucky Retirement Systems (KRS) has significantly reduced its stake in Apple Inc. ($AAPL), selling 840,815 shares in the first quarter of this year. This move represents a substantial decrease of 91.9% in KRS's holdings of Apple stock.

According to a recent 13F filing with the SEC, KRS now owns 74,284 shares of Apple Inc., which have an aggregate value of $18,853,000 as of the latest filing.

This reduction is part of a larger trend in institutional investor activity related to Apple. While some investors like JMG Financial Group Ltd. and Reyes Financial Architecture Inc. have increased their holdings in the company, others are re-evaluating their positions due to rising memory costs and concerns over competition from other tech giants.