§ TECHNOLOGY
USD · Technology

AAPL

APPLE INC
· USDSector · TechnologyMarket cap · $3757187.11TBeta · 1.11
LAST · MARKET CLOSE
294.38
+5.02 ▲ 1.73%PREV CLOSE · $289.36
§ 01 · PRICE
Price action
1D5D1M6MYTD1YMAX
OPEN 293.44HIGH 296.59LOW 289.19VOL 0AVG VOL 52W 169.21 — 288.62
EVENTSMAY 29 · LAD SELLDEC 31 · EARNINGS +4.2%TODAY · AC · ACCUMULATE
§ 02 · AC TAKE
Where we stand
ACCUMULATELAST UPDATED TODAY

Apple's ownership structure tells an interesting story about how the smart money views this stock.

The institutional pressure score sitting at essentially zero (negative 0.00) indicates neither meaningful accumulation nor distribution pressure among tracked institutions right now. Similarly, the market regime score of negative 0.01 is about as neutral as it gets — no strong directional signal in either direction. The 22.1% sitting in "other unclassified" is a notable caveat here; nearly a quarter of institutional ownership can't be neatly categorized, which limits how much weight you can put on the behavioral breakdown. It's worth flagging that the 13F filings underpinning this ownership data are filed quarterly and can be 45 to 90 days old by the time they're analyzed — the positions you're looking at may no longer reflect current reality. Short interest data, where applicable, updates only biweekly. The current price showing as $0.00 also suggests a data feed issue worth flagging before drawing any valuation conclusions. None of this data predicts where Apple goes from here — it describes where things stood at a point in the past.

CONVICTION
67/100
TIME HORIZON
6M
Read the full note →

§ 03 · SIGNAL STACK · WHAT THE INPUTS SAY

13F FLOW
5067 increased/new, 3720 decreased/exited (13F)
AC 13F Analysis
INSIDER
4 txns · 90d
SHORT INT
FINRA · bi-monthly
OPTIONS SKEW
CBOE · 30d
ANALYST
37 buy, 15 hold, 2 sell
Finnhub
CROWDING
Ownership percentile

§ 04 · FUNDAMENTALS · THE BOOKS

P/E31.9P/S
EV/EBITDAP/B50.98
Revenue (TTM)Rev YoY
Gross marginOp margin
Net incomeFCF
CashDebt
Dividend0.42%Buybacks 1Y
AC INTELLIGENCE

Apple's ownership structure tells an interesting story about how the smart money views this stock. Passive index funds account for 22.3% of tracked institutional ownership — not surprising given Apple's outsized weight in the S&P 500 and other major indices — meaning a significant chunk of buying and selling has nothing to do with anyone's opinion of the company itself. Quality compounder funds, the type that tend to hold concentrated positions in durable businesses for years, represent 10.7%, while deep value investors barely register at 0.2%. That absence of deep value interest makes sense given the 31.9 P/E, which isn't cheap by traditional valuation standards. Growth and momentum funds showing essentially 0.0% is mildly eyebrow-raising for a mega-cap tech name, possibly suggesting that crowd has rotated elsewhere.

§ 05 · WHO OWNS IT
Top institutional holders
All holders →
FundShares% portΔ Q/Q
Vanguard Group1279.1M5.0%+2%
State Street604.1M5.5%
BlackRock, Inc.431.5M2.0%
Geode Capital Management316.0M5.3%+698%
BlackRock, Inc.303.8M1.4%
Fidelity Management197.0M2.7%+429%
AC INTELLIGENCE

Top institutional owners for AAPL as of the most recent 13F window (Dec 2025). Δ Q/Q reflects share-count change vs. the prior filing — positive green means adding, negative red means trimming. Cross-reference with the ownership-mix bars below to see which strategy cohort is driving the flow.

§ 06 · WHO OWNS IT · BY STRATEGY

OTHER32.1% · 0 holders
PASSIVE / INDEX22.3% · 11 holders
OTHER22.1% · 5,768 holders
QUALITY / COMPOUNDER10.7% · 54 holders
DEALER / BANK9.3% · 38 holders
INCOME / DEFENSIVE1.8% · 32 holders
SYSTEMATIC / QUANT0.8% · 16 holders
TACTICAL / MACRO0.7% · 8 holders
DEEP VALUE0.2% · 7 holders
ACTIVIST0.1% · 1 holder
GROWTH / MOMENTUM0.0% · 2 holders
AC INTELLIGENCE

Ownership mix by behavioral cohort. Top bars indicate which style of capital dominates the float — passive indexing, quality compounders, dealer/bank, systematic quant, etc. Big quality-compounder share means concentrated active conviction; heavy passive share means flows are dictated by index rebalances, not fundamentals.

§ 07 · INSIDER ACTIVITY · LAST 180 DAYS

DateInsiderRoleActionShares$ value
MAY 29LEVINSON ARTHUR DSELL3.8M−$0
MAY 12Borders BenSELL39K−$0
MAY 08LEVINSON ARTHUR DSELL3.8M−$0
APR 27Parekh KevanSELL13K−$0
APR 03O'BRIEN DEIRDRESELL137K−$0
APR 03COOK TIMOTHY DSELL3.3M−$0
AC INTELLIGENCE

0 insider buys, 6 sells in the last 180 days. Scheduled 10b5-1 sales are pre-programmed and neutral; discretionary clusters are the tape worth reading. Cross-reference with the signal stack above for context.

§ 08 · COVERAGE · OUR RECENT NOTES