What smart money is saying about Apple
AAPL · Technology · Consumer Electronics · Market cap $4944.79B
7 funds in our archive have pitched Apple, most recently Mar Vista U.S. Quality Portfolio in September 2026.
Company profile
Apple Inc. is a global technology corporation that specializes in the conceptualization, production, and sale of a diverse suite of electronic devices. Its comprehensive hardware lineup features the well-known iPhone smartphones, Mac personal computers, and versatile iPad tablets. The company also supplies a range of wearables, smart home products, and accessories, including AirPods, Apple TV, Apple Watch, items from the Beats brand, and HomePod speakers. Beyond its device offerings, Apple delivers essential support services like AppleCare and robust cloud solutions. It oversees key digital platforms, prominently the App Store, which acts as a central hub for customers to discover and download countless applications and digital content, from e-books and music to videos, games, and podcasts. The company also generates revenue via advertising, leveraging both its proprietary ad platforms and third-party licensing deals. Apple's ecosystem is further bolstered by a wide array of subscription-based services: Apple Arcade for gaming, Apple Fitness+ for personalized wellness, Apple Music for curated audio experiences and on-demand radio, Apple News+ for access to news and magazines, and Apple TV+ for exclusive original video programming. Its financial services portfolio includes the co-branded Apple Card and the mobile payment system, Apple Pay. Additionally, Apple strategically licenses its intellectual property. The company serves a broad clientele that spans individual consumers, small and medium-sized enterprises, as well as institutional clients in the education, corporate, and governmental sectors. Products are distributed through a multi-channel strategy, utilizing Apple's own physical retail locations and online storefronts, a dedicated direct sales team, and collaborations with external partners such as mobile network providers, wholesalers, general retailers, and authorized resellers. The App Store additionally functions as the primary conduit for third-party applications designed for its devices. Founded in 1976, Apple Inc. is headquartered in Cupertino, California.
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Fund signal · last 12 months
84 lettersMore funds are buying than selling
+6
Net flow
11 buys · 2 new positions · 69%5 sells
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q4 2024 and Q4 2026, 101 fund letters reported a position in Apple, with 11 buys (opened or added) and 8 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q4 2026 | 1 | 0 | 0 | 0 |
| Q3 2026 | 43 | 4 | 5 | 3 |
| Q2 2026 | 28 | 6 | 0 | 1 |
| Q1 2026 | 8 | 1 | 0 | 0 |
| Q4 2025 | 4 | 0 | 0 | 2 |
| Q3 2025 | 5 | 0 | 1 | 0 |
| Q2 2025 | 6 | 0 | 1 | 1 |
| Q1 2025 | 5 | 0 | 1 | 0 |
Showing the 8 most recent quarters of 9 on record. Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 101 positions · 20 moves
- HoldsBlueBox Global Technology FundOctober 2026
Listed in BlueBox Global Technology Fund’s reported holdings.
Apple - September 2026
“Apple (AAPL) Apple continues to benefit from one of the strongest consumer ecosystems in the world, supported by a loyal customer base, growing recurring services revenue, and a balance sheet that remains among the best in corporate America.”
Apple - New positionClearBridge Investments Value StrategySeptember 2026
“Our AI-related holdings already covered one side of the AI trade, and we initiated positions in Apple and Microsoft to cover the other.”
Apple - September 2026
“Apple, the Fund's largest position at the end of June, rose 15% over the quarter and we sold most of it into that strength;”
Apple - September 2026
“During the quarter, we did not initiate any new positions and we exited our position in Oracle (ORCL). We also added to our holdings in NVIDIA (NVDA) and trimmed Apple (AAPL).”
Apple - September 2026
“Together, these holdings helped offset significant weakness in Applied Materials and Broadcom and the relative impact of the portfolio's smaller weight in Apple.”
Apple - September 2026
“Performance Overview Relative performance in the quarter showed a mix of positives and negatives in most sectors, with few major factors dominating. Our IT underweight detracted, although our positioning in the sector contributed positively: not owning the high-beta cyclical picks and shovels beneficiaries of the AI infrastructure buildout helped as these stocks sold off in the third quarter. However, our measured and underweight positions in Apple, Nvidia and Microsoft detracted.”
Apple - September 2026
“This quarter, as Apple rose and the semiconductor complex fell, we reversed the trade, selling almost all of Apple after a strong run, and almost all of Amazon, and putting the proceeds into the companies that had fallen furthest: memory, optics and semiconductors.”
Apple - September 2026
“Apple Inc. United States 5.9 Technology Hardware, Storage & Peripherals”
Apple - September 2026
“Apple Inc. United States 4.7 Technology Hardware, Storage & Peripherals”
Apple - September 2026
Listed in Middle Coast Investing Equity Portfolios’s reported holdings.
Apple - September 2026
“ In Communication Services, Meta Platforms’ new personal AI assistant, Muse, quickly rose to the top of Apple’s App Store in September, reinforcing investor optimism about the company’s position in consumer AI services.”
Apple - September 2026
“Not owning a position in Apple Inc was a larger drag to performance in the quarter given our lack of exposure and its strong absolute returns in the period.”
Apple - September 2026
“In Communication Services, Meta Platforms’ new personal AI assistant, Muse, quickly rose to the top of Apple’s App Store in September, reinforcing investor optimism about the company’s position in consumer AI services.”
Apple - AddedDistillate CapitalSeptember 2026
“AI Risk & How the Market Gained $30 Trillion in 3 Years: We are growing weary of discussing the AI trade somewhat repeatedly in the last several letters. That said, the figures are not those of a typical market cycle and they consume our time as the outcome will likely prove relevant to stock returns for the next decade or longer. In that context, even more remarkable than the fact that the market gained $30 trillion in value in three years is the concentration of that gain. Just the 20 biggest AI-stocks accounted for $20 trillion of the $30 trillion of growth with Apple adding another $2 trillion to that figure.”
Apple - September 2026
“We also reduced positions in Apple (AAPL), Microsoft (MSFT), NVIDIA (NVDA), and Veeva Systems (VEEV) following strong share-price appreciation, driven by valuation and portfolio construction considerations rather than meaningful changes to our long-term assessments of the underlying businesses.”
Apple - September 2026
“Apple also contributed significantly to the quarter's performance.”
Apple - HoldsAugustine Asset Management Quarterly FundSeptember 2026
“Positive contributions from US technology (Apple, Microsoft), US healthcare (Halozyme, Merck, Gilead, Regeneron), Japanese financials (Mizuho, Mitsubishi UFJ), and European energy (Shell, TotalEnergies) more than offset slight detractions from European technology (ASML), European and US industrials (Siemens, CSX), and European healthcare (Novo, Sanofi).”
Apple - September 2026
“Information technology (+13.0% vs. +7.3%), consumer discretionary (-2.5% vs. -5.1%) and financials (+1.6% vs. -.1%) contributed positively to the relative performance of the Large Cap Core Strategy. Information technology outperformance was driven by overweight positions in Microsoft, Salesforce and Apple and an underweight in memory stocks as software stocks outperformed semiconductor stocks in the quarter.”
Apple - September 2026
“Apple outperformed following the launch of the iPhone 18 and iPhone Duo, which, paired with their upgraded Apple Intelligence and Siri features, are expected to support continued growth in its services segment.”
Apple - September 2026
“While portfolio holdings Microsoft, Apple, NVIDIA, and PTC all had strong quarters, they were partially offset by weaker returns from MKS Instruments and Littelfuse.”
Apple - September 2026
“While portfolio holdings Microsoft, Apple, and PTC all had strong quarters, they were partially offset by weaker returns from MKS Instruments and Littelfuse.”
Apple - September 2026
“The LCG strategy outperformed the primary benchmark Russell 1000 Growth in the quarter driven by security selection. Microsoft (MSFT) was the largest contributor to relative returns, followed by Apple (AAPL) and cancer diagnostics company Natera (NTRA).”
Apple - September 2026
“Apple (AAPL) Apple continues to benefit from one of the strongest consumer ecosystems in the world, supported by a loyal customer base, growing recurring services revenue, and a balance sheet that remains among the best in corporate America.”
Apple - September 2026
“PORTFOLIO UPDATE Class A shares of the Alger Growth & Income Fund underperformed the S&P 500 Index during the third quarter of 2026. Microsoft Corporation, Apple Inc., and Meta Platforms Inc were among the top contributors to performance.”
Apple - September 2026
“Top detractors from relative performance: The portfolio’s large overweight in Industrials hurt relative returns. Higher oil prices weighed on aerospace-parts supplier HEICO and airline Ryanair in this sector. The portfolio was modestly underweight the best-performing sector, Energy, which detracted from relative returns. Apple, a strong IT stock in the quarter, also detracted due to the portfolio’s underweight.”
Apple - September 2026
Listed in Royal London AM Global Equity Select Fund’s reported holdings.
Apple - September 2026
Listed in Royal London AM Global Equity Diversified Fund’s reported holdings.
Apple - September 2026
Listed in Buffalo funds Growth & Income Fund’s reported holdings.
Apple - September 2026
Listed in Royal London AM US Equity Fund (IRL)’s reported holdings.
Apple - September 2026
Listed in Royal London AM US Equity Trust’s reported holdings.
Apple - September 2026
Listed in Royal London AM Global Equity Enhanced Fund’s reported holdings.
Apple - September 2026
“During the quarter, we followed through on our plan to add information technology exposure after FTSE Russell's June reconstitution brought several mega-cap technology companies into the Russell 1000 Value Index. We built a position in Apple and added to Microsoft, narrowing the fund's underweight in the sector, while reducing exposure to semiconductor and semiconductor equipment stocks.”
Apple - September 2026
“Apple, the Fund's largest position at the end of June, rose 15% over the quarter and we sold most of it into that strength; Nvidia we rebuilt through July as the shares fell, and it ended the quarter among the Fund's largest holdings, now at the centre of the buildout's financing as well as its hardware.”
Apple - HoldsBuffalo Growth FundSeptember 2026
“TOP 10 HOLDINGS (%)* NVIDIA Corporation 12.12 Alphabet, Inc. 11.29 Apple, Inc. 8.33 Amazon.com, Inc.”
Apple - September 2026
Listed in Buffalo funds Blue Chip Growth Fund’s reported holdings.
Apple - September 2026
Listed in Royal London AM Global Equity Income Fund’s reported holdings.
Apple - HoldsMiralta Asset ManagementSeptember 2026
Listed in Miralta Asset Management’s reported holdings.
Apple - HoldsSomma Investimentos Fund FamilySeptember 2026
“The Open Vista Tecnologia Global fund closed September with a positive return of 4.5% in reais, equivalent to a gain of 4.8% in dollars. The global technology sector surprised once again in the month and posted another gain, with the sector's global index up 4.3% in dollars in September, a performance below that of the fund, which holds investments that diverge from the composition of the sector index. The global technology sector exhibited a behavior of "opposite extremes," with artificial intelligence infrastructure assets concentrating at the top, while Asia-Pacific suffered a correction. The U.S. technology stock market, driven by semiconductor stocks and large technology companies, rose, with the Nasdaq 100 index accumulating a gain of approximately 3% in the month and renewing its all-time high on September 22. In contrast, China's Shenzhen growth companies index accumulated a decline of 8.8%, and Hong Kong's Hang Seng index fell 4.1%. This divergence is not due to the deterioration of the artificial intelligence narrative, but rather to a new round of "competition for profits" in global markets, in which assets linked to chips and computational infrastructure were repriced based on the certainty of profits, while assets that previously relied only on expectations were forced to adjust. From a market perspective, September witnessed a series of crucial events that reshaped the pricing pattern of the technology sector. On the mergers and acquisitions front, Advanced Micro Devices - AMD announced the acquisition of World Labs, an artificial intelligence startup founded by Fei-Fei Li, for 8.2 billion dollars, with the goal of positioning itself at the frontier of "physical artificial intelligence" and spatial intelligence. In the primary market, SpaceX reached orbit with the success of its Starship rocket, further strengthening the profit expectations of the space infrastructure chain. Nvidia approved a record share buyback plan worth 150 billion dollars, raising the remaining balance of authorized buybacks to 235 billion dollars, a move that directly drove the share price against the trend. JP Morgan believes that the ratio between the expected price-earnings multiple of the "seven technology giants" of the United States and that of the market average has already fallen to about one standard deviation below the historical median, reaching the lowest level in ten years, and the room for valuation compression is already extremely limited, with earnings growth about to become the main driving force behind share prices. Driven by this information, the Philadelphia semiconductor index rose more than 4% in a single day, and AMD's market value surpassed one trillion dollars. Among the fund's positions, in addition to Nvidia, Microsoft and Broadcom, which together represent 20.1% of the fund, companies such as Apple, TSMC, Samsung and Lam Research stand out, the latter with 18.2% of the fund. The ten largest positions represent 46.5% of the fund's net assets.”
Apple - HoldsNakano World Growth FundSeptember 2026
Listed in Nakano World Growth Fund’s reported holdings.
Apple - August 2026
“Theme 9: Memory chip supply significantly below demand The semiconductor industry is experiencing a significant supply shortage in advanced memory architectures, specifically HBM, standard dynamic random access memory (DRAM), and NAND (a type of non-volatile computer storage) upgrades, which are essential to feed high-power AI accelerators. While this represents a major revenue driver for memory and equipment manufacturers, it has introduced severe component cost headwinds for hardware device makers. High memory inflation is compressing product gross margins for consumer hardware companies, forcing them to implement selective price hikes to offset commodity pressures and preserve profitability. Apple CEO, Tim Cook: "we expect the impact from supply constraints to increase significantly sequentially.”
Apple - August 2026
“Top 10 Holdings Company Sector Geography Weight NVIDIA Corporation Information Technology US ).9% Microsoft Corporation Information Technology US 5.$% Alphabet Inc. Communication Services US 5.$% Amazon.com, Inc. Consumer Discretionary US 3.4% Broadcom Inc. Information Technology US 2.9% Apple Inc. Information Technology US 2.3% Meta Platforms, Inc. Communication Services US $.4%”
Apple - August 2026
Listed in Harding Loevner Global Developed Markets Equity’s reported holdings.
Apple - July 2026
Listed in Bell Global Equities Fund Wholesale Class’s reported holdings.
Apple - June 2026
Listed in Tributary Capital Management All Cap Equity Strategy’s reported holdings.
Apple - June 2026
Listed in Artisan Partners Antero Peak Strategy’s reported holdings.
Apple - June 2026
Listed in Guinness Global Innovators Fund’s reported holdings.
Apple - June 2026
Listed in Royal London AM Global Equity Diversified Fund’s reported holdings.
Apple - June 2026
“I included Apple (AAPL) in the chart, but I would not include it in this bucket.”
Apple - June 2026
“Apple was also a top contributor to performance during the quarter.”
Apple - June 2026
Listed in Buffalo Funds Growth Fund’s reported holdings.
Apple - June 2026
Listed in Harding Loevner Global Equity’s reported holdings.
Apple - June 2026
Listed in Harding Loevner Global Equity ADR’s reported holdings.
Apple - June 2026
“FUND MANAGEMENT TOP 10 HOLDINGS (%)* NVIDIA Corporation 12.66 Apple, Inc. 9.05 Microsoft Corporation 7.94 Alphabet, Inc. 6.34 Amazon.com, Inc.”
Apple - June 2026
Listed in Royal London AM Global Equity Income Fund’s reported holdings.
Apple - June 2026
Listed in Artisan Partners US Focus Fund’s reported holdings.
Apple - June 2026
Listed in Royal London AM Global Equity Enhanced Fund’s reported holdings.
Apple - June 2026
Listed in Royal London AM Royal London US Equity Trust’s reported holdings.
Apple - HoldsOakmark FundJune 2026
Listed in Oakmark Fund’s reported holdings.
Apple “Portfolio Changes We initiated new positions in Equinix and Arista Networks and exited our positions in Aon and Intuit. Positions in Microsoft, Waste Management, Netflix, Ecolab, and Yum! Brands were added to on weakness while also adding to our positions in Alphabet, Apple, Nvidia, and ServiceNow given their strong long-term growth prospects.”
AppleListed in Jensen Investment Management Quality Growth Equity Composite’s reported holdings.
Apple- June 2026
“In late June, Apple (AAPL) announced price increases across many of its devices due to these memory chips.”
Apple - June 2026
Listed in Liontrust Global Technology Fund’s reported holdings.
Apple - June 2026
Listed in Liontrust GF Global Technology Fund’s reported holdings.
Apple - June 2026
“We added materially to existing holdings on the same logic: Apple’s share count rose c.90% (now the Fund’s largest position at 5.4%),”
Apple - June 2026
“Magnificent 7: Our targeted positioning in Alphabet, Amazon and Apple saw positive attribution.”
Apple - June 2026
“We added materially to existing holdings on the same logic: Apple’s share count rose c.90% (now the Fund’s largest position at 5.4%), Danaher, Thermo Fisher, L’Oréal and Ferrari were all more than doubled, and Lilly, Amazon, Alphabet and Meta increased.”
Apple Listed in Tributary Capital Management All Cap Plus Equity Strategy’s reported holdings.
Apple- June 2026
“Five new positions were added to the strategy in the second quarter. PepsiCo was added to the portfolio as the company works to restage its brands and address changes in customer preferences. PepsiCo is a leader in beverages and convenient food with a portfolio of more than 30 billion-dollar brands. Abbott is a healthcare company with products in diagnostics, medical devices, nutrition and branded generic medicines. Abbott expects its nutrition business to return to growth in the second half of the year, and the company should continue to produce solid organic growth. Boston Scientific is a medical technology company that provides devices and therapies that treat cardiovascular, respiratory, digestive, oncological, neurological and urological diseases and conditions. Innovation and positive clinical trial results should continue to drive long-term growth. Duke Energy is one of the largest energy holding companies in the U.S. Its electric and natural gas utilities serve customers in North Carolina, South Carolina, Ohio, Kentucky, Florida and Indiana. Duke has 5GW of data centers currently under construction in its footprint and is looking to add ~14GW of total capacity by 2031. Apple is a global technology company that makes consumer electronics, including the iPhone, iPad, Mac and Apple Watch, along with a growing services business that includes the App Store, iCloud, Apple Music and Apple TV.”
Apple - June 2026
Listed in Parnassus Investments Core Equity Fund’s reported holdings.
Apple - HoldsAugustine Asset Management Global Equity & Fixed Income StrategiesJune 2026
“Positive contributions from global technology (Taiwan Semiconductor Manufacturing, ASML, Apple), European industrials (Siemens), Japanese financials (Mizuho, Sumitomo Mitsui), and US and Asian materials (Freeport McMoran, BHP) were partially offset by Japanese industrials (Mitsui, Marubeni), US healthcare (Gilead, Regeneron, United Therapeutics, Medtronic), and European energy (Shell, TotalEnergies).”
Apple - June 2026
Listed in Royal London AM Global Equity Transitions Fund’s reported holdings.
Apple - HoldsBuffalo Growth FundMarch 2026
“FUND MANAGEMENT TOP 10 HOLDINGS (%)* NVIDIA Corporation 12.20 Alphabet, Inc. 11.82 Microsoft Corporation 11.22 Amazon.com, Inc. 8.79 Apple, Inc. 8.21 Meta Platforms, Inc.”
Apple - March 2026
Listed in Buffalo Blue Chip Growth Fund’s reported holdings.
Apple - March 2026
Listed in Hardman Johnston Large Cap Equity’s reported holdings.
Apple - March 2026
“Portfolio Holdings Data as of March 31, 2026. Source: FactSet, Hardman Johnston Global Advisors LLC®. The data shown is of a representative portfolio for the Hardman Johnston Select Equity strategy and is for informational purposes only and is not indicative of future portfolio characteristics/returns. Actual results may vary for each client due to specific client guidelines and other factors. The representative portfolio was chosen as most representative of the Select Equity strategy. Future investments may or may not be profitable. C ountry We ig ht ( %) Indus try Communicat ion Serv ices 8.1 Alphabet Inc. United States 7.1 Interactive Media & Services Comcast Corp. United States 0.9 Diversified Telecommunication Services Versant Media Group, Inc. United States 0.1 Media Consumer Discret ionary 2.7 SharkNinja, Inc. United States 2.7 Household Durables Consumer St aples 0.8 Estee Lauder Companies Inc. United States 0.8 Personal Care Products Energy 1.9 Cameco Corporation Canada 1.9 Oil, Gas & Consumable Fuels Financials 9.7 Charles Schwab Corp United States 3.0 Capital Markets Marsh & McLennan Cos. Inc. United States 3.0 Insurance Mastercard Inc. United States 3.8 Financial Services H ealt h Care 17.9 AstraZeneca plc United Kingdom 3.5 Pharmaceuticals Becton, Dickinson & Co. United States 1.4 Health Care Equipment & Supplies Edwards Lifesciences Corp. United States 2.8 Health Care Equipment & Supplies Illumina, Inc. United States 2.0 Life Sciences Tools & Services IQVIA Holdings Inc. United States 1.9 Life Sciences Tools & Services Medtronic plc United States 1.7 Health Care Equipment & Supplies UnitedHealth Group Inc. United States 1.0 Health Care Providers & Services Vertex Pharmaceuticals Inc. United States 3.2 Biotechnology Waters Corporation United States 0.5 Life Sciences Tools & Services I ndust rials 23.4 Automatic Data Processing, Inc. United States 1.5 Professional Services Curtiss-Wright Corporation United States 5.9 Aerospace & Defense Howmet Aerospace, Inc. United States 7.0 Aerospace & Defense Stanley Black & Decker Inc. United States 2.0 Machinery Vertiv Holdings Co. United States 7.0 Electrical Equipment I nformat ion Technology 25.3 Adobe Inc. United States 1.2 Software Advanced Energy Industries United States 4.3 Electronic Equipment, Instruments & Components Apple Inc. United States 5.0 Technology Hardware, Storage & Peripherals”
Apple - HoldsAntero Peak StrategyMarch 2026
Listed in Antero Peak Strategy’s reported holdings.
Apple - AddedThe Davenport FundsMarch 2026
“We also engaged in a range of investment weighting changes as we adjusted position sizing to reflect emerging valuation opportunities and concerns during a volatile quarter. We added to positions in several technology companies including Accenture PLC (ACN), Apple, Inc. (AAPL), Microsoft Corp (MSFT), and ServiceNow, Inc. (NOW).”
Apple - March 2026
Listed in Alger Growth & Income Fund’s reported holdings.
Apple - March 2026
“Within our reduced equity exposure, we are emphasizing a few key themes. Technology remains our largest area of exposure, though at roughly half the weight of technology in the SP500 (about 33%). We favor the largest, most financially secure companies with durable strategies and the ability to repurchase shares during periods of volatility. Nvidia is our largest holding, with an AA- S&P credit rating, followed by Microsoft with an AAA rating. We also hold a core position in Apple, which continues to benefit from its ecosystem even without a single, dominant AI narrative.”
Apple - December 2025
Listed in Royal London Global Equity Diversified Fund’s reported holdings.
Apple - December 2025
“Apple (AAPL) shares continued to rebound in calendar Q4 2025 as investor concerns waned around tariffs and the lack of traction with Apple Intelligence, its new generative AI offering, and investor attention shifted to strong demand for Apple’s iPhone and Services offerings.”
Apple - December 2025
“Apple, despite slower AI progress, benefited from evidence of a potential iPhone upgrade cycle and a more measured approach to AI investment, appealing to investors during periods where investors are more cautious about the return potential of AI spending.”
Apple - HoldsTsai CapitalDecember 2025
“• Apple (AAPL—Year of First Purchase: 2016) We initiated our Apple investment in 2016 and elevated it to a core holding in 2018, the same year the company unveiled its redesigned 13-inch and 15-inch MacBook Pro models.”
Apple - September 2025
“For the third quarter our top five contributors to performance (based upon price change and position size) were NVIDIA, Alphabet, Broadcom, Apple and GE Aerospace.”
Apple - September 2025
“ In Information Technology, we added to Analog Devices (ADI) and Workday (WDAY) and trimmed Apple (AAPL), Autodesk (ADSK) and Marvell Technology.”
Apple - September 2025
Listed in RiverPark Next Century Large Growth Fund’s reported holdings.
Apple - September 2025
“Although the market showed some signs of broadening in the third quarter, performance continued to be dominated by a handful of mega-cap technology companies. The so-called Magnificent Seven—Apple (AAPL), Microsoft, Alphabet (GOOG), Amazon (AMZN), Meta (META), NVIDIA (NVDA), and Tesla (TSLA)—now represent more than 35% of the S&P 500’s total market capitalization and accounted for over half of the Index’s return.”
Apple - September 2025
“Apple: AAPL shares rose strongly in the quarter following better-than-expected fiscal Q3 results and optimism around the company’s AI strategy.”
Apple - HoldsRS Global StrategyJune 2025
Listed in RS Global Strategy’s reported holdings.
Apple - ExitedTitan Wealth Global Blue ChipJune 2025
“Exits: We exited several healthcare and tech names that either faced deteriorating fundamentals or offered limited upside. Apple, as previously mentioned, was sold following an underwhelming WWDC and signs of strategic drift in AI.”
Apple - June 2025
“Apple Apple contributed to performance in the second quarter due to the underweight in the portfolio.”
Apple - June 2025
Listed in RS Large Cap Growth Strategy’s reported holdings.
Apple - June 2025
Listed in Mar Vista Global Quality’s reported holdings.
Apple - June 2025
“Apple Inc. declined in the quarter and meaningfully underperformed the S&P 500. The security contributed to relative performance due to our underweighting, approximately 50% lower than the benchmark weight.”
Apple - March 2025
“The primary absolute detractors were Broadcom, Nvidia, Amazon.com, Apple and Tesla.”
Apple - March 2025
“The primary absolute detractors were Nvidia, Amazon.com, Microsoft, Tesla and Apple.”
Apple - March 2025
Listed in Macquarie Large Cap Growth Fund’s reported holdings.
Apple - TrimmedTouchstone Sands Capital Select Growth FundMarch 2025
“We sold Apple in March to fund what we view as compelling additions to existing holdings during the market selloff and to strengthen our cash position for future opportunities.”
Apple - March 2025
“Top 10 Holdings Company Sector Geography Weight Microsoft Corporation Information Technology US 5.8% NVIDIA Corporation Information Technology US 5.3% Alphabet Inc. Communication Services US 5.0% Amazon.com, Inc. Consumer Discretionary US 4.6% Unitedhealth Grp Health Care US 4.1% Novo Nordisk A/S Health Care DK 3.7% ASML Holding NV Information Technology NL 3.2% Booking Holdings Inc. Consumer Discretionary US 3.2% Apple Inc. Information Technology US 3.0%”
Apple - HoldsAMG Renaissance Large Cap Growth FundDecember 2024
Listed in AMG Renaissance Large Cap Growth Fund’s reported holdings.
Apple
Also mentioned · 95
These funds discuss Apple as a competitor, benchmark or comparable, without disclosing a position in it.
- September 2026
“Apple was once Intel’s most prestigious PC customer, yet beginning in 2020, it transitioned the entire Mac line to its own ARM-based M-series chips.”
Apple - September 2026
“The term “consensus” within the capital markets industry refers to the average of earnings estimates made by professionals. Magnificent 7 data refers to the following set of stocks: Microsoft (MSFT), Amazon (AMZN), Meta (META), Apple (AAPL), Google parent Alphabet (GOOGL), Nvidia (NVDA), and Tesla (TSLA).”
Apple - September 2026
“Microsoft, Apple, and Amazon accounted for nearly all of the Index’s total return.”
Apple - September 2026
“such that Microsoft, Apple, and Amazon accounted for nearly all of the Index’s total return.”
Apple - September 2026
“Relative performance was also held back by our positioning in the benchmark’s largest technology companies. Dividend Select did not own Apple and held a smaller position in Microsoft than the benchmark, and both stocks outperformed during the quarter.”
Apple - MentionedPolen Focus GrowthSeptember 2026
“By contrast, the largest relative detractors were NVIDIA, Apple (not owned), and Lam Research.”
Apple - September 2026
“During the quarter, we sold Qorvo and used that capital to purchase shares of Skyworks. Both companies design and manufacture radio frequency (RF) semiconductors that enable wireless connectivity across mobile devices, industrial equipment, autos, broadband infrastructure, WiFi devices, and aerospace & defense systems. Apple is a major customer for both Skyworks and Qorvo.”
Apple - MentionedRowan Street Capital FundSeptember 2026
“In 2022, it fell more than 75% as Apple’s privacy changes hit the ad business, TikTok pulled away younger users, and Zuckerberg kept pouring tens of billions into the metaverse over investors’ objections.”
Apple - September 2026
“Muse quickly reached the top of Apple’s US App Store, and Meta shares rose almost 25% over the month.”
Apple - MentionedBrandes IP Global Equity FundSeptember 2026
“The four largest relative detractors were all index holdings in which we do not have a position: Microsoft, Nvidia, Apple, and Meta Platforms.”
Apple - MentionedArtisan Select Equity StrategySeptember 2026
“Muse quickly climbed to the top of Apple’s App Store, demonstrating that Meta is making some tangible progress with its massive investments in AI. The stock market applauded.”
Apple - MentionedKNA Capital Core Equity StrategySeptember 2026
“Given the above, it’s not surprising that 75% of S&P 500 stocks were down in September. The S&P 500 itself was buoyed by good performance among a small group of very large companies. Meta (Facebook’s parent company) was up 26.8% in September and NVIDIA, Apple, and Microsoft all finished positive.”
Apple - September 2026
“This disparity was particularly consequential in a quarter where increasingly concentrated mega cap stocks dominated, such that Microsoft, Apple, and Amazon accounted for nearly all of the Index’s total return.”
Apple - MentionedArtisan Partners Global Value FundSeptember 2026
“Muse quickly climbed to the top of Apple’s App Store, demonstrating that Meta is making some tangible progress with its massive investments in AI. The stock market applauded.”
Apple - September 2026
“Muse quickly climbed to the top of Apple’s App Store, demonstrating that Meta is making some tangible progress with its massive investments in AI. The stock market applauded.”
Apple - September 2026
“Microsoft and Apple were both added to the value index at its June reconstitution. They were the two largest individual detractors, Microsoft because our weight is smaller than the index, and Apple because we did not own it.”
Apple - September 2026
“Among the largest headwinds were large benchmark- only stocks that we did not own performing well, and the index reconstitution, although these two things are somewhat redundant. Microsoft and Apple were both added to the value index at its June reconstitution. They were the two largest individual detractors by way of not owning them.”
Apple - September 2026
“Small-cap stocks faced headwinds during the third quarter, as rising interest rates and persistent inflation concerns weighed on investor sentiment. The Russell 2000 declined 7.2%, compared with a 2.3% gain for the S&P 500, which was supported in part by strong performance from several of the Magnificent 7 stocks, including Microsoft, Nvidia and Apple.”
Apple - MentionedPolen Capital Global GrowthSeptember 2026
“The Portfolio benefited from this change in sentiment, with top relative contributors including ServiceNow, Shopify, and Microsoft. By contrast, the largest relative detractors were Tokyo Electron, Apple (not owned), and GE Aerospace.”
Apple - MentionedRewey AM Smid Value StrategySeptember 2026
Named in a table in Rewey AM Smid Value Strategy’s letter.
Apple - MentionedEdgewood Large Cap Growth StrategySeptember 2026
“leading us to invest in Google and Apple.”
Apple - September 2026
“Tech-savvy people have been doing this for months with products like OpenClaw. Meta's Muse simply packaged them in a user-friendly format, making these capabilities available to ordinary people. Muse quickly climbed to the top of Apple’s App Store, demonstrating that Meta is making some tangible progress with its massive investments in AI. The stock market applauded.”
Apple - MentionedBrown Advisory U.S. Value FundSeptember 2026
“Amazon.com Inc (AMZN), Apple Inc (AAPL), and Microsoft Corporation (MSFT) entered the Index at a combined weight of 15% at the end of June and are already at combined weight of 17.6% in early October given the strength they have seen during the last quarter. The Strategy benefitted from an absolute sense with our additions of Amazon in the second quarter and our early third quarter initiation of a position in Microsoft Corporation, but given our weights vs the benchmark, they still ended up being a drag to relative performance. Not owning a position in Apple Inc was a larger drag to performance in the quarter given our lack of exposure and its strong absolute returns in the period.”
Apple - MentionedRowan Street FundSeptember 2026
“During our ownership, Meta has repeatedly given investors perfectly good reasons to sell. In July 2018, months after Cambridge Analytica, the stock lost roughly $120 billion in a single day, then the largest one- day loss in market history, and it finished the year down about 40% from its peak. In 2022, it fell more than 75% as Apple’s privacy changes hit the ad business, TikTok pulled away younger users, and Zuckerberg kept pouring tens of billions into the metaverse over investors’ objections.”
Apple - September 2026
“IT was the largest relative detractor during the quarter, reflecting both weaker security selection and our underweight to the sector. Performance within the sector was highly bifurcated. Software and platform holdings such as ServiceNow, Palantir, Shopify and Okta performed well as investors increasingly realized the potential for AI to drive new revenue opportunities and productivity gains. In contrast, several semiconductor and data center-related holdings declined as investors reassessed the pace and durability of AI infrastructure spending. Our lack of exposure to Microsoft and Apple, both of which performed well, also detracted approximately 150bps from relative returns.”
Apple - MentionedAristotle Value Equity StrategySeptember 2026
“At the same time, Apple and Microsoft entered the Index, while Amazon’s weight increased significantly.”
Apple - September 2026
“The annual FTSE Russell index rebalance took place in late June and materially changed the composition of Technology sector constituents. Most impactful were the additions of Microsoft and Apple to our benchmark because they were two of the three biggest contributors to the Russell 3000® Value Index’s performance in the third quarter. We admire both companies, but we don’t view either as materially undervalued.”
Apple - September 2026
“After many months of blistering gains powered by enthusiasm for artificial intelligence (AI), share prices weakened in July as investors began to question whether the staggering capital expenditures in this growing segment of the tech sector would generate adequate returns. Meanwhile, global economic conditions began to show more cracks. With inflation reaccelerating, the Federal Reserve raised interest rates for the first time since 2023. Oil climbed even higher in reaction to ongoing conflicts in the Middle East. And a global sell-off in government debt sent long-term yields climbing. Against this darkening backdrop, consumer confidence fell to its lowest level since 2014.1 Still, the S&P 500 Index managed a +2.30% return during the quarter as growth in all the wrong places— inflation, interest rates and energy—drove investors back to the perceived safety of mega-cap and AI-related winners in September. To this point, without the contributions of Microsoft Corporation (MSFT), NVIDIA Corporation (NVDA), Apple Inc. (AAPL) and Meta Platforms, Inc. (META), the S&P 500 would have fallen -2.45% during the quarter.”
Apple - MentionedGuinness Asian Equity Income FundAugust 2026
“Investors remained cautious about declining handset revenues, faster-than-expected loss of Apple modem business, and the execution risk associated with Qualcomm’s expansion into the highly competitive data centre market.”
Apple - MentionedCDT CapitalAugust 2026
“An IPO of OpenAI, a cash burning start up that is in a legal battle with Apple for egregious IP theft (Article) and has a growing executive turnover problem (Article) is just not likely.”
Apple - MentionedCDT Capital Investment StrategyAugust 2026
“An IPO of OpenAI, a cash burning start up that is in a legal battle with Apple for egregious IP theft (Article) and has a growing executive turnover problem (Article) is just not likely.”
Apple - MentionedMalborough Multi Cap IncomeAugust 2026
“The latest inflation data for the G10 economies (see table below) shows the UK inflation rate at 2.60% with the US at 3.5%, Norway at 2.70% and the Eurozone at 2.90%. Given the UK and US have targets of 2.0% for inflation, the UK is not looking out of step with other major economies. Directionally, it has been helpful to have commodity prices dip because of US-Iran peace talks. However, we are mindful that the position could change quickly and next month’s data may well show an increase again. When looking at global supply chains, shortages are expected in certain key components, whether these are for the likes of Apple or the larger US data centres.”
Apple - July 2026
“Apple began to lobby for clearance to buy memory chips from a blacklisted Chinese company, CXMT, to ease the financial pressure from chip prices.”
Apple - MentionedAlpha Wealth Fund The Insiders FundJuly 2026
“On June 18, 2026, when President Donald Trump stated on social media that Apple (AAPL) agreed to partner with Intel to design and manufacture chips domestically in the U.S.”
Apple - July 2026
“• Agentic commerce. Whilst we have our various doubts as to why agentic commerce will not be adopted quite as fast as its leading proponents suggest, the networks are not passive bystanders.5 Visa has launched its Intelligent Commerce Platform and Trusted Agent Protocol; Mastercard has Agent Pay. Authentication, delegated consent, fraud liability, and dispute resolution are precisely the problems card networks have spent decades solving. Money movement is a commodity, but globally networked acceptance, governance and security are not. The Apple Pay experience is instructive here. When Apple launched its own payments layer twelve years ago, many feared commoditisation and disintermediation.”
Apple - MentionedCDT Capital VNAV StrategyJuly 2026
“• Apple – PrismML: Apple is looking at acquiring a start-up and Caltech spinout, PrismML.”
Apple - MentionedCDT Capital VNAVJuly 2026
“• Apple – PrismML: Apple is looking at acquiring a start-up and Caltech spinout, PrismML.”
Apple - July 2026
“Microsoft et Amazon ont toutes deux progressé de +16 % grâce à leurs activités infonuagiques. Mais la dispersion raconte sa propre histoire : Alphabet a reculé de -7 %, bien que les revenus de sa composante infonuagiques aient augmenté de 82 %. Pour sa part, Apple a chuté de -7 % à cause de la pression subie par le coût des micropuces.”
Apple - MentionedBrandes IP Global Equity StrategyJuly 2026
“But building an investment strategy around the expectation of identifying the next Amazon or Apple is more appropriate for “prediction markets,” and in our opinion, is not fundamental investing.”
Apple - MentionedBronte Capital Amalthea FundJuly 2026
Named in a table in Bronte Capital Amalthea Fund’s letter.
Apple - July 2026
Named in a table in Pender Alternative Multi-Strategy Growth Fund’s letter.
Apple - MentionedOsprey Private WealthJuly 2026
“Inflation The AI boom has created pressure on the availability of many goods and services, adding to inflationary pressures that were already above the Fed’s targets for maintaining price stability. Included in this list are a variety of types of semiconductors, natural gas turbines to generate electricity, optical fiber, and certain kinds of construction equipment, among many other items. (In recent weeks, Apple, one of the largest consumers of semiconductors, said it would have to significantly increase the prices of its products due to the higher costs of memory chips from its suppliers.”
Apple - MentionedLongriver Partners FundJuly 2026
“Meta and Apple are protecting different control points. Meta is investing vertically in models and custom silicon because it cannot allow an outside supplier to control the intelligence behind its feeds, advertising and future devices. Apple may rent frontier intelligence from others, but it intends to keep personal context, permissions and action inside the iPhone.”
Apple - June 2026
“While markets are constantly evolving, we witnessed an acceleration of those normal fluctuations in June, highlighted by unprecedented changes to large cap benchmarks in the Russell U.S. Indexes Reconstitution and SpaceX completing the largest initial public offering in history. The Russell rebalance substantially reduced the weighting of the Magnificent Seven in the Russell 1000 Growth Index (RLG), with Apple, Microsoft and Amazon shifting toward the Russell 1000 Value Index while Alphabet’s weight increased (Exhibit 1).”
Apple - June 2026
“In June, Apple raised prices for many of its products by 20% to protect its profitability as soaring storage prices inflate its input costs.”
Apple - MentionedVision Capital FundJune 2026
“We far prefer to own Apple than the players in Apple’s supply chain (or such equivalents).”
Apple - MentionedAntipodes Global FundJune 2026
“As covered above, the Strategy's underweight to Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment detracted on a relative basis over the Quarter, most notably not owning Micron Technology, SK Hynix, AMD, Samsung Electronics and Apple.”
Apple - MentionedBaillie Gifford Global Income GrowthJune 2026
“Consider this quarter's SpaceX IPO. As index providers rush to accommodate the newly listed company, JPMorgan estimates that tracker funds will be forced to sell approximately $90 billion worth of existing holdings to make room - including more than $15 billion of Apple and more than $10 billion of each of Microsoft and Alphabet.”
Apple - June 2026
“Consider this quarter's SpaceX IPO. As index providers rush to accommodate the newly listed company, JPMorgan estimates that tracker funds will be forced to sell approximately $90 billion worth of existing holdings to make room - including more than $15 billion of Apple and more than $10 billion of each of Microsoft and Alphabet. The sellers”
Apple - June 2026
“Manufacturing logic chips for customers such as NVIDIA, Apple, and Qualcomm, TSMC has generally been able to grow its productive assets 10% to 20% annually over the last two decades,”
Apple - June 2026
“Our fourth-largest position is Taiwan Semiconductor, which is up nearly 100% since we bought it last summer. TSMC is the primary supplier of leading-edge computer chips for nearly every major technology company, from Nvidia to Broadcom to Apple. Its growth is also accelerating, with June revenue up 68% from a year earlier.”
Apple - June 2026
“Taiwan Semiconductor Manufacturing or TSMC, the most valuable company outside the US, possesses a widely admired business model. For decades it has gained share in logic chip manufacturing by continually investing to create economies of scale and scope, going farther down the manufacturing experience curve than peers, and developing proprietary manufacturing processes that deliver to customers the most advanced chips at costs competitors cannot match. Manufacturing logic chips for customers such as NVIDIA, Apple, and Qualcomm, TSMC has generally been able to grow its productive assets 10% to 20% annually over the last two decades, with returns on invested capital consistently above its cost of capital.”
Apple - MentionedWarden Capital War CapJune 2026
“How hard would it be for Google to spin up a memory division? Or Amazon. Perhaps more likely is Apple or someone stands up a new player in China to secure and permanently commodify the memory supply chain so critical to their products.”
Apple - MentionedAGT Partners FundJune 2026
“Large customers such as Apple, and government bodies (Office of US trade representative (USTR) is exploring broad ranging tariffs on Korean semiconductors), are increasingly unwilling to allow memory suppliers to capture all the excess profits without challenge. This pace of price increase is clearly unsustainable.”
Apple - MentionedAGT Partners Shareholder LetterJune 2026
“Large customers such as Apple, and government bodies (Office of US trade representative (USTR) is exploring broad ranging tariffs on Korean semiconductors), are increasingly unwilling to allow memory suppliers to capture all the excess profits without challenge. This pace of price increase is clearly unsustainable.”
Apple - MentionedHarding Loevner International EquityJune 2026
“Taiwan Semiconductor Manufacturing or TSMC, the most valuable company outside the US, possesses a widely admired business model. For decades it has gained share in logic chip manufacturing by continually investing to create economies of scale and scope, going farther down the manufacturing experience curve than peers, and developing proprietary manufacturing processes that deliver to customers the most advanced chips at costs competitors cannot match. Manufacturing logic chips for customers such as NVIDIA, Apple, and Qualcomm, TSMC has generally been able to grow its productive assets 10% to 20% annually over the last two decades, with returns on invested capital”
Apple - MentionedAntipodes Global Value Fund (Hedged)June 2026
“• As covered above, the Strategy's underweight to Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment detracted on a relative basis over the Quarter, most notably not owning Micron Technology, SK Hynix, AMD, Samsung Electronics and Apple.”
Apple - June 2026
“That relationship became even more notable after Amazon announced an agreement to acquire Globalstar and partner with Apple to support satellite-enabled services such as Emergency SOS and direct-to-device connectivity.”
Apple - MentionedBaron Technology ETFJune 2026
“Our non-ownership of Microsoft Corporation and Apple Inc. were the two largest individual contributors to relative performance during the quarter.”
Apple - June 2026
Named in a table in Brown Advisory Large-Cap Sustainable Value Strategy’s letter.
Apple - MentionedBrown Advisory U.S. Value FundJune 2026
Named in a table in Brown Advisory U.S. Value Fund’s letter.
Apple - June 2026
“ Information Technology remains the largest relative underweight sector in the portfolio. The portfolio’s weight increased during the period, driven by the additions of Palantir Technologies (PLTR) and Arista Networks Inc (ANET), as well as strong performance from Datadog Inc (DDOG), Palo Alto Networks Inc (PANW), and Marvell Technology Inc (MRVL). Separately, Russell’s annual reconstitution further increased the benchmark’s concentration in Semiconductors & Semiconductor Equipment, which now represents approximately one-third of the Russell 1000® Growth Index, while reducing the weights of several mega-cap constituents, including Microsoft Corp (MSFT), Apple Inc (AAPL), and Amazon (AMZN).”
Apple - June 2026
“Lastly, several of the world’s largest companies are whipsawing between the growth and value benchmarks, with Apple Inc (AAPL), Microsoft Corp (MSFT), Alphabet Inc Class C (GOOG) and Amazon.com Inc (AMZN) all seeing more than 400 bps change to weight in the Russell 1000® Growth Index during the late June reconstitution and technically those weights could shift meaningfully once again in six months.”
Apple - June 2026
“Advanced chip manufacturing has become one of the most strategically vital links in the global economy, and that importance only deepens as AI infrastructure spending accelerates. TSMC sits at the center of that buildout, fabricating the most advanced silicon for the world's leading designers (i.e. Nvidia, Apple, AMD, and Broadcom among them) at a scale and yield no competitor can match.”
Apple - MentionedHennessy Focus FundJune 2026
“The company has spoken about bypassing wireless carriers to sell service direct to consumers, has acquired wireless spectrum (and is likely to pursue more), and is reportedly developing its own AI device in competition with Apple, Google, Samsung and others.”
Apple - MentionedFirst Eagle Investments Small Cap Market OverviewJune 2026
“companies like Amazon, Apple, Meta, Microsoft and Oracle that operate massive data centers supporting cloud computing”
Apple - MentionedFirst Eagle Investments 2Q26 Market Overview: The Cost of CredibilityJune 2026
“The magnitude of capital expenditures by hyperscalers—companies like Amazon, Apple, Meta, Microsoft and Oracle that operate massive data centers supporting cloud computing—has been another source of support for investor sentiment.”
Apple - MentionedO'Keefe Stevens AdvisoryJune 2026
“Qualcomm faced a long-standing structural challenge: customer concentration in Apple, which is internally developing its own modem and transitioning away from Qualcomm silicon.”
Apple - MentionedCopeland Capital Management Dividend GrowthJune 2026
“Before the World Cup tournament began, reasonable bettors might have predicted Chart 1. Semiconductors—Percent of S&P 500 Weight is at All-Time Highs T h e M o s t B e a u t i f u l G a m e “I think that you might be so sure about what you want that you might not be leaving any room to figure out what you need.” - Ted Lasso, Apple TV+ Source: Bloomberg, S&P Global, as compiled by Citadel Securities5, GMI, as of June 15, 2026.”
Apple - MentionedCopeland Capital Management Dividend Growth StrategyJune 2026
“"I think that you might be so sure about what you want that you might not be leaving any room to figure out what you need." - Ted Lasso, Apple TV+”
Apple - MentionedGreenfield Seitz Capital ManagementJune 2026
“Magnificent 7 Underperforms We warned about the tech darlings swelling AI spending in our January letter, noting they were once asset light companies that are beginning to look more like industrials with heavy capex spending on semiconductors. The Magnificent 7 (Alphabet/Google, Amazon, Apple, Meta/Facebook, Microsoft, Nvidia, and Tesla) stocks are flat for 1H26, while the market is up 10%.”
Apple - MentionedAltrinsic Global Advisors Emerging Markets OpportunitiesJune 2026
“China is Closing the Gap, One Qualification at a Time We see Chinese competition as a clear emerging threat, not a tail risk. 2 China’s leading memory players, CXMT 3 and YMTC, already hold about 10% of the global DRAM market share. Apple has requested permission to buy from these ‘blacklisted’ Chinese companies, and should they receive it, others may not be far behind.”
Apple - MentionedHL Global Developed Markets EquityMay 2026
Named in a table in HL Global Developed Markets Equity’s letter.
Apple - MentionedProtean Funds Partner LetterApril 2026
“free software passkeys from Apple, Google and Microsoft are good enough for most organisations, and Yubico's addressable market narrows rather than expands.”
Apple - March 2026
“We view TSMC as the global linchpin of advanced semiconductor manufacturing, uniquely positioned to benefit from the secular expansion of AI compute. Its unmatched technological leadership across 3nm and 2nm processes, trusted customer relationships with NVIDIA, Apple, and AMD, and disciplined capital allocation support durable pricing power and expanding margins.”
Apple - MentionedSaga PortfolioMarch 2026
“Why Active Management Can Make Sense A low-cost index fund is a sensible default option. It gives investors ownership of a broad cross-section of productive businesses while helping them avoid many of the errors that plague active management. That matters because wealth creation in markets is highly uneven: a small number of companies account for a very large share of long-term returns, while most stocks underperform the market and many produce negative lifetime returns. Indexing ensures investors own the next Apple, Amazon, or Google before the market fully reflects the value those businesses will ultimately create,”
Apple - MentionedSchafer Cullen Value EquityDecember 2025
“To justify the roughly $500 billion in annual capital spending by the top five hyperscalers – directed toward model training, compute, data centers, power infrastructure, and talent to secure leadership in agentic AI – Bain & Company4 estimates these firms would need to generate approximately $2 trillion in annual revenue by 2030 to profitably fund data centers, compared with roughly $1.2 trillion in their current combined revenue across Nvidia, Meta, Microsoft, Alphabet, and Apple5.”
Apple - December 2025
“Since the release of ChatGPT in November 2022, US equities have added nearly $24 trillion in market capitalization. BCA Research conservatively estimates that $9-$12 trillion of this increase cannot be explained by higher earnings or lower bond yields, implying that markets have already more than discounted substantial future AI-driven growth. To justify the roughly $500 billion in annual capital spending by the top five hyperscalers – directed toward model training, compute, data centers, power infrastructure, and talent to secure leadership in agentic AI – Bain & Company4 estimates these firms would need to generate approximately $2 trillion in annual revenue by 2030 to profitably fund data centers, compared with roughly $1.2 trillion in their current combined revenue across Nvidia, Meta, Microsoft, Alphabet, and Apple5.”
Apple - MentionedTAMIM Global High ConvictionDecember 2025
“As was gently pointed out to us recently, the Chinese company Xiaomi has built a capable smart phone, (3rd in market share behind Apple and Samsung) parlayed that technology into a globally competitive car, and has plans to further its autonomous driving and unmanned aerial vehicles capabilities.”
Apple - December 2025
“The fund outperformed the benchmark over the quarter. This was driven almost entirely by stock selection, especially within the communication services and information technology sectors. The fund’s largest active position, Alphabet, contributed strongly to performance as the market continued to appreciate its differentiated positioning in AI, while shares of Micron Technology and Samsung Electronics further benefitted from an AI-induced tight semiconductor memory market. These positions more than offset the impact from the fund’s large underweight exposure to key benchmark constituents like NVIDIA, Amazon and Apple.”
Apple - MentionedClearbridgeDecember 2025
“Magnificent 7 data refers to the following set of stocks: Microsoft (MSFT), Amazon (AMZN), Meta (META), Apple (AAPL), Google parent Alphabet (GOOGL), Nvidia (NVDA), and Tesla (TSLA).”
Apple - MentionedPlatinium Asset ManagementDecember 2025
“Today it’s the chip supplier to Nvidia, Apple, Broadcom and others, famous for its quality, on-time delivery and secrecy around customers’ designs.”
Apple - September 2025
“Only if Tesla is able to achieve a market capitalization of $ 8.5 trillion, which would be approximately eight times the company’s value prior to the proposal and twice the market cap of Nvidia, currently the most valuable company in the world, generate $400 billion in EBITDA, which at the time of the proposal would be equivalent to the trailing 12-month EBITDA of Microsoft, Apple and Nvidia, combined, and developed a CEO succession plan can Musk earn all 12 tranches.”
Apple - MentionedAlphyn Capital ManagementSeptember 2025
“While Google is now restricted from paying for exclusive default placement (e.g., with Apple), it can still compensate partners for non-exclusive default status.”
Apple - MentionedAntipodes Global Value Active ETFSeptember 2025
“• Not holding Apple, NVIDIA, Tesla and Broadcom detracted on a relative basis over the Quarter.”
Apple - MentionedDavis New York Venture FundJune 2025
“Instead of market darlings such as Nvidia, Apple or Tesla, our technology investments have been focused on durable, proven but less glamorous parts of the technology sector such as semiconductor manufacturing (Texas Instruments and Samsung), capital equipment (Applied Materials) and, of course, retail and cloud-hosting infrastructure (Amazon).”
Apple - MentionedJDP CapitalJune 2025
“On June 4th the U.S. Ninth Circuit Appeals Court ruled that Apple must immediately comply with Judge Rogers's April 2025 finding that Apple must allow Spotify to direct users to external payment options.”
Apple - MentionedMadison Dividend Income FundJune 2025
“The Technology sector was the best performing sector in the second quarter with a +22.8% return, including a +41% rise off the market bottom. The Magnificent 7 stocks (Nvidia, Microsoft, Apple, Alphabet, Google, Amazon and Tesla) were up +21% in the quarter and significantly outperformed the equal-weighted S&P 500 return of +5.3%.”
Apple - MentionedThe London Company Mid Cap EquityJune 2025
“We first purchased SWKS in late 2018. Shares of SWKS did well in the early years of our holding period, but the stock underperformed the broader market in recent years. While it is frustrating to sell on weakness, the recent loss of exclusivity on an iPhone 17 component with Apple highlights a significant risk to the firm. Apple represents over 60% of revenue to SWKS, so any change in the relationship is meaningful.”
Apple - MentionedFederated Hermes Sustainable Global EquityJune 2025
“Key holding: Electrification technology enabler TSMC Taiwan Semiconductor Manufacturing Company (TSMC) supplies 90% of advanced chips globally and is a critical partner to tech giants such as Apple and Nvidia.”
Apple - MentionedDavis Global FundJune 2025
“AppLovin continues to pass compliance audits by the Apple and Google app stores and advertisers are voting with their ad budgets that its platform is creating value, but we continue to monitor the situation and talk to industry participants.”
Apple - MentionedAvellemyMarch 2025
“Chinese goods (with notable exceptions like laptops and smartphones, assembled for Apple) are taxed at a whopping 145% rate.”
Apple - MentionedMar Vista US Quality SelectDecember 2024
“BATMMAAN — Broadcom, Apple, Tesla, Microsoft, Meta Platforms, Amazon, Alphabet, and Nvidia — all boasting market valuations exceeding $1 trillion, delivered an average 2024 return of 63.3%, significantly outperforming the S&P 500®.”
Apple - MentionedAMG Yacktman Focused FundDecember 2024
“Samsung’s foundry business rivals that of Taiwan Semiconductor Manufacturing Company Limited (TSMC), and its phone business competes directly with Apple.”
Apple - December 2024
“6) E-wallets (Apple or Google Pay).”
Apple
Fund coverage · 7 theses
- Mar Vista U.S. Quality PortfolioSeptember 2026
Apple is positioned by its ecosystem, installed base, recurring Services revenue, and consumer AI roadmap to compound value over time.
Read the full thesis - Wedgewood Partners U.S. Large Cap Growth StrategySeptember 2026
Apple is investing heavily in silicon and hardware, and the market underestimates its long-term AI ecosystem differentiation.
Read the full thesis - Andrew Hill Client Account StrategySeptember 2026
Apple benefits from a powerful ecosystem, recurring services, product innovation, and strong capital allocation.
Read the full thesis - Andrew Hill AHIA Portfolio StrategyJune 2026
Apple is integrating AI across its device ecosystem, which should support an iPhone upgrade cycle and sustainable growth.
Read the full thesis - Mar Vista US Quality PremierDecember 2025
Apple is a competitively advantaged ecosystem with massive device and subscriber bases, resilient services margins, and leadership potential in AI-enabled edge devices.
Read the full thesis - Tsai CapitalDecember 2025
Apple is a hardware-software ecosystem powerhouse with 2.4 billion devices and expanding high-margin services driving steady EPS growth.
Read the full thesis - RiverPark Large Growth FundJune 2025
Apple is well-positioned for long-term growth due to its large installed base, strong cash flow, and a focused AI strategy emphasizing security and performance.
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