Renaissance Technologies Sinks Millions into Apple Stock

Renaissance Technologies LLC, an institutional investor, has acquired a new position in Apple Inc. (NASDAQ:AAPL) shares, according to its recent 13F filing with the Securities & Exchange Commission.

The company bought 3,075,638 shares of AAPL stock valued at approximately $780,569,000, making it the third-largest position in Renaissance Technologies LLC's portfolio, which accounts for 1.2% of their holdings.

This is not an isolated incident; several other hedge funds and institutional investors have also added to or reduced their stakes in Apple Inc. this quarter.