The Goldman Sachs Strategic Factor Allocation Fund initiated a fresh position in Apple this quarter, purchasing 251,607 shares. At the time of the transaction, this stake was valued at approximately $63 million, representing a strategic tilt toward large-cap technology within the fund’s 15-asset portfolio. This marks the first time the fund has held Apple since late 2024, underscoring Goldman’s conviction in the company’s upcoming January earnings. Institutional moves of this size often presage broader buying momentum among algorithm-driven strategies tracking flows into top-weighted S&P 500 constituents.

City Holding Co. cut its Apple position from 105,396 to 99,754 shares during the third quarter, selling 5,642 shares and reducing its weighting in the stock to roughly 3.2% of its $800 million equity portfolio. The sale generated net proceeds of around $14.2 million, boosting the firm’s cash allocation ahead of anticipated rate-sensitive asset reallocations. Despite the reduction, Apple remains the firm’s fourth-largest holding, reflecting continued confidence in its cash-flow profile even as regional banks rebalance ahead of Q4 reporting.

Bigelow Investment Advisors LLC pared back its Apple stake by 13.7% in the third quarter, disposing of 4,349 shares and trimming its total holding to 27,346 shares. The sale raised close to $6.9 million in liquidity, with Apple now representing 2.8% of Bigelow’s $250 million managed assets—down from 3.3% in the prior quarter. The reduction aligns with the adviser’s sector rotation strategy, shifting resources into industrials and health care amid mixed signals in consumer electronics demand ahead of the iPhone refresh cycle.

In a high-profile portfolio update, the Thiel Macro fund dramatically reduced its Tesla exposure by 76% and redeployed a portion of those proceeds into Apple. Although Apple remains the fund’s smallest allocation—representing under 1% of assets—the purchase of approximately 18,000 shares signals a hedge against market volatility. Thiel maintains Tesla as his largest holding to play potential robotaxi upside, while the Apple allocation offers a defensive anchor supported by a $100 billion share-buyback program and double-digit free-cash-flow yields.