Thiel Macro Reallocates Tesla Gains to Apple; Goldman Sachs Buys 251,607 Shares
Peter Thiel’s Thiel Macro fund sold 76% of its Tesla stake and redeployed the proceeds into Apple, making Apple its smallest holding while retaining Tesla as its largest position. Goldman Sachs Strategic Factor Allocation Fund initiated a 251,607-share position in Apple, signaling institutional accumulation.
1. Goldman Sachs Fund Initiates New Apple Position
The Goldman Sachs Strategic Factor Allocation Fund opened a new position in Apple by acquiring 251,607 shares during the most recent quarter. This represents the Fund’s first reported stake in the company, highlighting confidence in Apple’s near-term growth drivers, including anticipated strength in iPhone sales ahead of its January earnings announcement.
2. City Holding Co. Reduces Apple Exposure
City Holding Co. trimmed its Apple holdings by 5.4%, selling 5,642 shares and ending the quarter with 99,754 shares valued at $25.4 million. Apple now comprises approximately 3.2% of City Holding’s total portfolio, ranking it as the firm’s fourth largest equity position and signaling a modest rebalancing away from the technology sector.
3. Bigelow Investment Advisors Cuts Apple Stake
Bigelow Investment Advisors LLC reduced its Apple allocation by 13.7%, liquidating 4,349 shares to hold 27,346 shares worth $6.96 million at quarter-end. Despite the reduction, Apple remains the firm’s fifth largest holding, accounting for roughly 2.8% of its overall assets under management and underscoring a cautious stance on large-cap tech names.