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Cupertino Today
By the People, for the People
Apple Inc. $AAPL is Arizona State Retirement System's 2nd Largest Position
Institutional investor cuts stake in iPhone maker slightly in Q3
Published on Mar. 2, 2026
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According to a recent SEC filing, the Arizona State Retirement System reduced its stake in Apple Inc. (NASDAQ:AAPL) by 0.7% during the third quarter. However, Apple remains the system's second-largest holding, making up approximately 5.9% of its total portfolio. The institutional investor owned 4,361,774 shares of the iPhone maker's stock at the end of the reporting period.
Why it matters
Apple's stock performance and institutional ownership are closely watched by investors, as the company's fortunes can have a significant impact on the broader market. The Arizona State Retirement System's sizable position in Apple highlights the tech giant's continued importance as a core holding for major institutional investors.
The details
The Arizona State Retirement System cut its stake in Apple by 0.7%, selling 29,821 shares during the third quarter. Despite the slight reduction, Apple remains the system's second-largest holding, with the investor owning 4,361,774 shares valued at $1,110,639,000 at the end of the reporting period.
- The filing covers the third quarter of the year.
- The Arizona State Retirement System's holdings were reported as of the end of the most recent reporting period.
The players
Arizona State Retirement System
A major institutional investor that manages retirement assets for public employees in Arizona.
Apple Inc.
A multinational technology company headquartered in Cupertino, California, known for its consumer electronics, software, and digital services.
The takeaway
Apple's continued prominence as a top holding for the Arizona State Retirement System underscores the tech giant's enduring appeal to major institutional investors, despite a slight reduction in the system's stake. This reflects Apple's status as a core component of many investment portfolios and the ongoing importance of the company's performance to the broader market.
