In its latest 13F filing for the third quarter, City Holding Co. disclosed a sale of 5,642 shares of Apple, trimming its position by 5.4% to 99,754 shares. At quarter end, Apple represented roughly 3.2% of City Holding’s total portfolio, making it the bank’s fourth-largest holding. The divestiture reduced Apple exposure by approximately $1.4 million, leaving the remaining stake valued at about $25.4 million. This strategic scale-back may reflect City Holding’s broader risk management approach ahead of Apple’s upcoming earnings release and ongoing macroeconomic uncertainties.

Alongside City Holding’s cutback, several funds made contrasting moves in Apple during the same period. Ryan Investment Management initiated a new position valued at $31,000 in Q2, while ROSS JOHNSON & Associates increased its holding 18-fold to 190 shares, worth $42,000 by quarter-end. Nexus Investment Management quadrupled its stake to 260 shares, and Morgan Dempsey Capital Management boosted its position 41% to 430 shares. LSV Asset Management also entered with a $65,000 allocation. Collectively, institutional and hedge fund ownership now accounts for 67.73% of Apple’s shares, underscoring both the stock’s prominence in major portfolios and the nuanced views among sophisticated investors regarding its near-term prospects.