Union Heritage Capital Cuts Apple Holdings by 32.8% in Q1

Union Heritage Capital LLC has reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 32.8% in the first quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The firm sold 22,850 shares during the quarter, leaving it with 46,888 shares of Apple's stock. This represents approximately 4.4% of Union Heritage Capital LLC's holdings, making Apple its third-biggest position.

The company's holdings in Apple were worth $11,900,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also modified their holdings of AAPL recently. JMG Financial Group Ltd. increased its holdings in Apple by 0.7% in the first quarter, while Reyes Financial Architecture Inc. boosted its holdings in shares of Apple by 0.4% during the third quarter.

Apple's stock opened at $305.93 on Friday, with a market capitalization near $4.46 trillion and a forward earnings outlook that leaves the stock sensitive to execution.