Pennington Partners Boosts Stake in Apple by 351.2%

Pennington Partners & CO. LLC significantly increased its stake in Apple Inc.'s stock during the first quarter, according to a recent SEC filing. The institutional investor acquired an additional 16,379 shares of AAPL, bringing its total holdings to 21,043 shares. This represents a 351.2% increase in Pennington Partners & CO. LLC's ownership stake in Apple.

The increased investment in Apple makes up about 1.8% of Pennington Partners & CO. LLC's overall holdings, with the stock being its seventh largest holding. The value of Pennington Partners & CO. LLC's holdings in Apple was approximately $5,341,000 as of its most recent filing.

This is not an isolated instance of increased investment in Apple by institutional investors and hedge funds. Other notable holders of AAPL stock include GC Wealth Management RIA LLC, which lifted its position by 2.2% during the first quarter, and Arrowstreet Capital Limited Partnership, which increased its stake in shares of Apple by 12.0%.