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Palogic Value Management L.P. Buys $26 Million Worth of Apple Stock

Guavy AI Editorial Team
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AAPL
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Palogic Value Management L.P., a hedge fund, acquired 92,876 shares of Apple Inc. (NASDAQ:AAPL) in the second quarter, according to its most recent Form 13F filing with the SEC.

The purchase valued at approximately $26,874,000 makes up about 8.9% of Palogic Value Management L.P.'s portfolio and is now the fund's largest position in Apple stock.

This news comes amidst mixed sentiment regarding Apple's recent performance, with some analysts expressing optimism about iPhone demand in India and others warning that rising component costs could pressure margins.

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