South Dakota Investment Council Lowers Stake in Apple

The South Dakota Investment Council has reduced its stake in Apple Inc., one of its largest holdings. According to a recent filing, the council lowered its position by 0.4% during the first quarter, selling off 3,018 shares.

As of its most recent filing with the SEC, the fund owned 749,700 shares of Apple's stock, valued at $190,266,000. This represents about 3.6% of the council's portfolio.

The sale is a relatively minor adjustment to the council's overall position in Apple, which has been one of its top holdings for some time.