Weiss Asset Management Cuts Apple Stake by 55.8% Amid Tech Giant's Shift

Weiss Asset Management LP has reduced its stake in Apple Inc. (NASDAQ:AAPL) by 55.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

The institutional investor owned 46,140 shares of the iPhone maker's stock after selling 58,243 shares during the quarter.

Weiss Asset Management LP's holdings in Apple were worth $11.71 million at the end of the most recent reporting period.