Saranac Partners Buys Into Apple With $9.5 Million Stake

Saranac Partners Ltd has acquired a new position in Apple Inc. (NASDAQ:AAPL) during the second quarter, according to its recent disclosure with the Securities & Exchange Commission.

The fund bought 32,986 shares of AAPL's stock, valued at approximately $9,513,000, making it Apple's 9th largest holding in Saranac Partners Ltd's portfolio, accounting for about 2.8% of the fund's assets.

This is not an isolated incident; other hedge funds and institutional investors have also recently added to or reduced their stakes in AAPL.