Verition Fund Management 13F: Cuts Apple (AAPL) Stake by $124M
Verition Fund Management lowered its holdings in Apple Inc. by over 432,000 shares in the latest filing.
Reviewed by automated data checks against the source filing. How we make and check alerts
Verition Fund Management sold 432,123 shares from its stake in Apple Inc. ($AAPL), a 74.82% decrease, according to a 13F filing with the SEC dated May 15, 2026. It reported 145,420 shares worth $41.75 million at the end of the quarter.
Since the filing, $AAPL is up 2.9% after 1 week, down 1.3% after 1 month and up 14.5% to date (from the $299.97 close on May 15, 2026).
Find the original: Verition Fund Management 13F filings on SEC EDGAR
AAPL
Apple Inc.
Key Points
- Verition Fund Management cut its position in Apple Inc. by 432,123 shares, reducing its stake by 74.8% to 145,420 shares valued at approximately $41.7 million.
- Apple's stock trades at $287.07, which is significantly lower than its 52-week high of $348.15, indicating recent volatility.
- Other institutional investors, like BlackRock Inc. and Vanguard Capital Management, have also adjusted their positions in Apple recently.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Apple Inc. alert may contain errors. Disclosures
Verition Fund Management has trimmed its stake in Apple Inc. (AAPL) by 432,123 shares, a reduction of 74.8%. The latest filing reflects holdings as of May 15, 2026, and shows the fund now holds 145,420 shares valued at about $41.7 million. This cut comes at a time when Apple’s stock is trading at $287.07, well below its 52-week high of $348.15.
What Changed in Verition Fund Management's Position
Verition Fund Management reduced its holdings in Apple from 577,543 shares to 145,420 shares. This change represents a substantial cut in its investment, signaling a strategic shift in their portfolio at a lower price level compared to previous valuations.
Other Institutional Activity in Apple Inc.
Several other significant investors have also adjusted their stakes in Apple recently. BlackRock Inc. grew its holdings by 18,314,912 shares, bringing its total to 1,162,996,939 shares worth approximately $396.2 million. Vanguard Capital Management LLC added 5,246,239 shares, now holding 959,107,911 shares valued at about $326.8 million. State Street Corporation increased its position by 12,770,030 shares, resulting in a total of 615,129,929 shares worth around $209.6 million.
Apple Inc. Stock Down 16.3%
As of the latest report, Apple shares are trading at $287.07, down from a previous close of $342.96. The stock is currently below its 200-day moving average of $292.11, which may suggest bearish sentiment in the market. The recent adjustments by major investors highlight changing perspectives on Apple's current valuation.
Recent Earnings
Apple recently reported revenue of $466.8 billion, reflecting a growth of 16.4% year-over-year. The company reported an EPS of $8.72 and a net margin of 27.6%. The next earnings announcement is scheduled for November 2, 2026, which could provide further insights into the company's performance and outlook.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
10 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 1.1%. Revenue missed estimates by 0.6%.
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Profit surprise
EBITDA beat by 2 percent. Operating income beat by 3 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
10 target raises.
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Earnings quality
Gross margin up 2.2 points. Operating margin up 1.2 points. Positive free cash flow.
Earnings Call Summary
Apple delivered its best-ever quarter with 143.8 billion dollars in revenue, up 16 percent. iPhone surged 23 percent to 85.3 billion dollars driven by strong customer demand for the iPhone 17 lineup and record upgraders in China and India. Services hit an all-time record of 30 billion dollars, up 14 percent, while the installed base reached 2.5 billion active devices. Management highlighted Apple Intelligence features resonating with users and expanded retail presence in India as growth drivers.
Guidance Apple expects March quarter revenue to grow 13 percent to 16 percent year over year, with services growing at a similar rate to December. Gross margin should land between 48 percent to 49 percent. The company faces iPhone supply constraints from advanced chip demand but remains confident in the business outlook.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Analysts Set New Price Targets
On October 12, 2026, JP Morgan maintained its "Overweight" rating on Apple with a price target of $360.00, up from a previous target of $340.00. Similarly, Morgan Stanley maintained its "Overweight" rating with a target of $355.00, though it was lowered from $360.00. Overall, analysts have a consensus recommendation of "buy" with a mean target price of $329.38.
About Apple Inc.
Apple Inc. designs and sells various technology products, including smartphones, personal computers, tablets, wearables, and accessories. Headquartered in Cupertino, California, the company has a significant presence in the consumer electronics market and continues to innovate with new products and services.
Bottom Line
Investors should keep an eye on Apple's upcoming earnings report on November 2, 2026, for updates on its financial health and market strategy. This latest 13F filing shows a notable reduction by Verition Fund Management, but reflects broader trends among institutional investors in adjusting their positions in Apple. Remember that the 13F filings reflect past holdings and may not indicate current positions.
Related Filing Alerts
Source: Verition Fund Management's 13F filing on $AAPL (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Verition Fund Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts