Campbell & Co Investment Adviser LLC, a Baltimore-based quantitative investment firm, disclosed a significant reduction in its stake in Apple Inc. (NASDAQ: AAPL) during the third quarter, according to its latest regulatory filing with the U.S. Securities and Exchange Commission. The move, revealed through a recently published SEC Form 13F, shows the firm sold 11,529 shares of Apple stock, trimming its position by a substantial 70.6% during the reporting period.
Meanwhile, Apple Inc. (AAPL) closed at $278.12 on February 6, rising $2.21, or 0.80%, by the end of the trading session.
Details of the Transaction and Remaining Holdings
Following the divestment, Campbell & Co now holds 4,803 shares of Apple Inc., with the remaining stake valued at approximately $1.224 million as of the filing date. Apple remains listed on the NASDAQ and continues to be one of the most widely held large-cap technology stocks among institutional investors, making the scale of the reduction notable even if the absolute dollar value is relatively modest.
The transaction took place during the third quarter, hence the sale does not necessarily reflect Campbell & Co’s current view on Apple’s near-term prospects.
The Apple sale appears to be part of a broader portfolio rebalancing rather than a targeted bearish bet against the iPhone maker. Campbell & Co has recently adjusted its exposure across the technology and consumer electronics sector, including building or expanding positions in other mega-cap names such as NVIDIA and Microsoft.
Apple’s Market Position Remains Intact
Apple Inc. remains one of the most valuable publicly traded companies in the world, with a diversified revenue base spanning consumer electronics, software, and services. Institutional ownership of Apple remains high, supported by strong cash flows, shareholder-friendly capital return policies, and global brand dominance.
Moreover, Apple delivered an exceptional quarter marked by record-setting results, as revenue climbed to $143.8 billion, representing a 16% increase from the prior year and surpassing internal expectations, Chief Executive Officer Tim Cook said. The iPhone business posted its strongest quarter ever, fueled by extraordinary global demand and new records in every geographic region. Apple’s Services segment also reached a new high, with revenue rising 14% year over year.
Cook added that Apple’s installed base has now surpassed 2.5 billion active devices worldwide, underscoring sustained customer loyalty and engagement across the company’s ecosystem.
The strong margins are driving a 19% increase in earnings per share to the highest level in the company’s history. The quarter also produced nearly $54 billion in operating cash flow, enabling Apple to return close to $32 billion to shareholders.
Besides, February 9, 2026, marks Apple’s ex-dividend date for its upcoming $0.26 per share payout. Shareholders who purchased Apple stock on or after today’s session will not be eligible to receive the dividend scheduled for payment on February 12.
Institutional Activity Signals Ongoing Tech Sector Rotation
Overall, Campbell & Co Investment Adviser LLC’s sale of 11,529 shares of Apple Inc. underscores how institutional investors continue to actively rebalance exposure within the technology sector. Rather than signaling a loss of confidence in Apple specifically, the move appears consistent with a broader, quantitatively driven strategy adjustment amid shifting market dynamics.
