Ninety One UK 13F: Cuts Apple (AAPL) Stake by $116M

Ninety One UK trimmed its investment in Apple Inc. (NasdaqGS: AAPL) during the quarter, according to a Form 13F regulatory filing published on October 15, 2026. Because 13F reports look backward at activity from the previous quarter, these figures show where the fund stood at that time and may not reflect its current holdings today.

What Changed in Ninety One UK's Apple Position

Ninety One UK lowered its exposure to the tech giant by selling off 346,987 shares. That resulted in a 7.1% decrease from its previous count of 4.90 million shares. The fund wrapped up the period with 4,553,396 shares of Apple, with a reported value of about $1.52 billion.

Other Institutional Activity in Apple

While Ninety One UK opted to pare back its position, several other large institutional managers went the other way. Blackrock Inc. grew its holdings by 18,314,912 shares, ending with 1,162,996,939 shares worth about $399.44 billion after a 1.6% increase. Vanguard Capital Management LLC boosted its stake by 5,246,239 shares, ending with 959,107,911 shares valued at roughly $329.42 billion following a 0.5% bump. State Street Corporation added 12,770,030 shares to finish with 615,129,929 shares worth about $211.27 billion, a 2.1% increase. Geode Capital Management, LLC lifted its holdings by 2,727,705 shares for a total of 371,336,543 shares valued at roughly $127.54 billion after a 0.7% rise. Vanguard Portfolio Management LLC grew its stake by 2,684,620 shares, ending with 334,119,156 shares worth about $114.76 billion following a 0.8% increase.

Apple Inc. Stock Holds Steady

Apple shares recently traded around $343.01 as of October 16, 2026. That puts the stock about 1.5% below its 52-week high of $348.15 and roughly 40.9% above its 52-week low of $243.42. The stock is currently trading above both its 50-day moving average of $325.08 and its 200-day moving average of $292.11.

Recent Earnings

Apple generated trailing-twelve-month revenue of $466.82 billion alongside trailing earnings of $8.72 per share. The company posted a net profit margin of 27.6% and a return on equity of 148.8%. Its year-over-year revenue growth sat at 16.4%. Apple's next earnings report is scheduled for November 2, 2026.

Dividend

Apple pays an annual dividend backed by a payout ratio of 12.0%. The stock currently carries a dividend yield of 0.32%.

Insider Buying and Selling at Apple Inc.

Company insiders executed several stock sales prior to the filing. On October 2, 2026, officer Deirdre O'Brien sold 46,389 shares valued at $15.47 million. Chief Executive Officer John Ternus sold 25,412 shares worth $8.46 million on the same day. Officer and director Timothy D Cook sold 191,753 shares for a total of $63.85 million on October 2, 2026. Later, on October 6, 2026, general counsel Jennifer Newstead sold 2,399 shares at an average price of $332.01, bringing in $796,492.

Analysts Set New Price Targets

Wall Street firms updated their views on Apple ahead of the filing. On September 23, 2026, B of A Securities reiterated its Buy rating with a $370.00 price target. Morgan Stanley reiterated its Overweight rating and $360.00 target on September 29, 2026, and later maintained the Overweight rating while adjusting its target to $355.00 on October 1, 2026. Needham kept a Hold rating with no price target on October 1, 2026. JP Morgan maintained an Overweight rating on October 12, 2026, while raising its price target to $360.00 from $340.00. Across the broader analyst community, the stock holds a consensus Buy recommendation with a mean price target of $329.38 across 39 opinions.

About Apple

Headquartered in Cupertino, California, Apple designs and sells consumer electronics, software, and services worldwide. Its product lineup includes the iPhone smartphone, Mac computers, iPad tablets, and wearables like AirPods, Apple Watch, and Vision Pro. Institutional adjustments like Ninety One UK's trim offer a window into how large managers reallocate capital amid shifting tech sector valuations.

Bottom Line

Ninety One UK's reduction represents a small slice of Apple's massive institutional ownership base. Investors will likely look toward the upcoming earnings release on November 2, 2026, for further clues on demand for the company's hardware and services.