Apple Inc. sees significant new investments from institutional investors

Several institutional investors have significantly increased or established new positions in Apple Inc. stock, according to recent SEC filings.

During the second quarter, Wealth Effects LLC purchased 79,306 shares valued at approximately $22.95 million, making Apple its second-largest position. Centric Wealth Management also acquired 66,927 shares worth roughly $18.53 million. Other notable new investments include Stoneridge Investment Partners LLC, which purchased $8.64 million in shares, and Orca Investment Management LLC, which bought 35,923 shares valued at approximately $10.4 million.

Additional large-scale acquisitions were reported by Prospect Hill Management LLC, Focus Partners Advisor Solutions LLC, and Avalon Trust Co. Institutional investors and hedge funds collectively own approximately 67.73% of Apple's stock.