Global Financial Private Client LLC reduced its holding in Apple by 22.5% during the third quarter, selling 14,783 shares and ending the period with 51,000 shares. This represents 4.6% of the firm’s total portfolio, making Apple its second-largest position. As of the most recent 13F filing, the remaining stake was valued at $12.99 million, down from $16.73 million at the start of the quarter.

In a single transaction on November 7, senior engineering executive Chris Kondo sold 3,752 shares of Apple stock for total proceeds of $1.02 million. Post-sale, Kondo’s direct ownership stands at 15,098 shares, valued at approximately $4.10 million, marking a 19.9% reduction in his personal stake. This sale, disclosed in an SEC filing, brings total insider ownership in Apple to 0.06% of outstanding shares.

Apple continues to be heavily held by institutional investors, with hedge funds and related entities owning 67.73% of the outstanding float. In addition to Global Financial Private Client LLC’s recent reduction, other firms such as Ryan Investment Management, Nexus Investment Management ULC, and Morgan Dempsey Capital Management have initiated or increased positions in the past two quarters, typically acquiring stakes valued in the tens of thousands of dollars. This concentrated institutional backing underscores Apple’s central role in diversified portfolios despite periodic rebalancing.