Apple (AAPL) Shares Draw Institutional Buying as Apple Faces Rising Costs
TLDR
- Lombard Odier Asset Management Switzerland increased its Apple stake by 7.7% during the first quarter.
- The firm purchased 49,829 additional AAPL shares, bringing its total holding to 697,188 shares worth about $176.9 million.
- Apple represents roughly 6.7% of Lombard Odier’s portfolio, making it the firm’s second-largest holding.
- Institutional investors and hedge funds own about 67.73% of Apple stock, showing continued large-investor exposure.
- Apple is testing CXMT memory chips for some iPhones and MacBooks sold in China as it looks to expand its supply options.
Lombard Odier Asset Management Switzerland SA increased its Apple position by 7.7% during the first quarter, according to its latest 13F filing. The firm bought 49,829 additional shares, bringing its total holding to 697,188 AAPL shares valued at about $176.9 million.
Apple now represents around 6.7% of Lombard Odier’s portfolio and ranks as its second-largest holding. Institutional investors and hedge funds currently own about 67.73% of Apple stock, showing continued large-investor exposure to the company. The purchases came as investors continued assessing Apple’s product pipeline, costs and supply plans.
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