Te Ahumairangi Doubles Down on Apple with $30M Stake

Te Ahumairangi Investment Management Ltd acquired a new position in Apple Inc. (NASDAQ:AAPL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 105,532 shares of the iPhone maker's stock, valued at approximately $30,537,000.

This represents about 4.9% of Te Ahumairangi Investment Management Ltd's investment portfolio, making Apple its third-largest holding. Other institutional investors and hedge funds have also added to or reduced their stakes in the company.