Stocks
Lombard Odier Boosts Stake in Apple Inc.
Lombard Odier Asset Management Switzerland SA increased its stake in Apple Inc. (NASDAQ:AAPL) by 7.7% during the first quarter, according to the company's latest 13F filing with the SEC.
The fund now owns 697,188 shares of the iPhone maker's stock, which is worth $176,939,000 and makes up about 6.7% of Lombard Odier Asset Management Switzerland SA's investment portfolio, its second-largest position.
This move comes as other institutional investors and hedge funds have also been buying and selling AAPL shares in the recent quarter.