Alta Capital Management Llc/ 13F: Cuts AAPL Stake by $8.2M
Key Points
- The fund's reported value in Apple now stands at about $25.7 million, representing 2.41% of its total portfolio.
- Alta Capital Management Llc/ held 77,134 $AAPL shares at quarter end, down 24.09% from the prior quarter.
- As of October 27, 2026, Apple shares traded recently around $344, about equal to the closing price of $343.91 on the day of the filing.
- Analysts have a consensus recommendation of 'buy' for Apple, with a mean price target of approximately $329.25.
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On October 26, 2026, Alta Capital Management cut its position in Apple Inc. (AAPL) by 24,476 shares, reducing its total holdings to 77,134 shares. This move is detailed in the fund's latest Form 13F filing with the SEC, where the reported value of this position is about $25.7 million.
AAPL
Apple Inc.
Where Apple Fits in Alta Capital Management's Portfolio
Alta Capital's stake in Apple represents 2.41% of its total portfolio and ranks 12th among its 215 reported positions.
Other Institutional Activity in Apple
Several other funds were active in Apple on the same day. Ag2R la Mondiale Gestion D'Actifs grew its holdings by 53,996 shares, bringing its total to 697,811 shares valued at about $232.4 million. Tokio Marine Asset Management added 13,001 shares for a total of 696,192 shares worth approximately $231.8 million. UniSuper Management increased its stake by 498,764 shares, totaling 4,832,331 shares valued at about $1.6 billion.
Apple Inc. Stock Down 1.1%
Apple shares closed at $343.91 on the filing date, October 26, 2026, and traded recently around $343.98 as of October 27, 2026. This puts the stock about equal to its recent closing price, and it is currently above its 50-day moving average by about 4.2% and above its 200-day average by 16.7%.
Recent Earnings
In its most recent earnings report, Apple reported trailing twelve-month revenue of approximately $466.8 billion and a net margin of 27.6%. The next earnings report is scheduled for November 2, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
10 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 1.1%. Revenue missed estimates by 0.6%.
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Profit surprise
EBITDA beat by 2 percent. Operating income beat by 3 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
10 target raises.
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Earnings quality
Gross margin up 2.2 points. Operating margin up 1.2 points. Positive free cash flow.
Earnings Call Summary
Apple delivered its best-ever quarter with 143.8 billion dollars in revenue, up 16 percent. iPhone surged 23 percent to 85.3 billion dollars driven by strong customer demand for the iPhone 17 lineup and record upgraders in China and India. Services hit an all-time record of 30 billion dollars, up 14 percent, while the installed base reached 2.5 billion active devices. Management highlighted Apple Intelligence features resonating with users and expanded retail presence in India as growth drivers.
Guidance Apple expects March quarter revenue to grow 13 percent to 16 percent year over year, with services growing at a similar rate to December. Gross margin should land between 48 percent to 49 percent. The company faces iPhone supply constraints from advanced chip demand but remains confident in the business outlook.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Apple pays an annual dividend of $1.08 per share, yielding about 0.31% based on recent trading prices.
Insider Buying and Selling at Apple Inc.
Recent insider selling included Jennifer Newstead, General Counsel, who sold 2,399 shares at an average price of $332.01 on October 6, 2026, for a total value of approximately $796,492. Additionally, on October 16, 2026, Chief Financial Officer Kevan Parekh sold 1,392 shares valued at about $480,315, and Officer Ben Borders sold 1,280 shares for approximately $442,108.
Analysts Set New Price Targets
On October 1, 2026, Morgan Stanley maintained an 'Overweight' rating on Apple with a price target of $355. JP Morgan also maintained its 'Overweight' rating on October 12, 2026, with a target of $360. MoffettNathanson rated Apple as 'Neutral' with a target of $283 on October 20, 2026, while Loop Capital downgraded its rating to 'Hold' with a target of $330 on the same day.
About Apple Inc.
Apple Inc. designs and sells a range of consumer electronics, including smartphones, tablets, and personal computers. Its flagship products include the iPhone, iPad, and Mac computers, along with accessories like the Apple Watch and AirPods. The company's strong brand and innovative technology keep it at the forefront of the consumer electronics market.
Bottom Line
Investors should watch for Apple's next earnings report on November 2, 2026. Alta Capital Management's recent cut in its Apple position reflects a strategic adjustment, but the fund still holds a significant stake in the tech giant.
Related Filing Alerts
Source: Alta Capital Management Llc/'s 13F filing on $AAPL (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts