Vivaldi Capital Management Sells Part of Apple Stake Amid Rising Costs
Vivaldi Capital Management LP cut its stake in Apple Inc. (NASDAQ:AAPL) by 2.2% in the first quarter, according to a recent SEC filing. The firm owned 147,173 shares of the iPhone maker's stock after selling 3,381 shares during the period. Apple accounts for approximately 5.2% of Vivaldi Capital Management LP's portfolio, making it the company's largest position.
The total value of Vivaldi Capital Management LP's holdings in Apple was $37,351,000 at the end of the most recent reporting period. Several other large investors have also bought and sold shares of AAPL during this time. JMG Financial Group Ltd. grew its stake in Apple by 0.7% in the first quarter.
Additionally, some analysts are expressing caution about Apple's near-term prospects due to rising memory prices, supply constraints, and policy risks that could pressure margins. However, others believe that the company's core business momentum remains strong, with revenue up roughly 16% year over year in its latest quarter.