Fjarde Ap-Fonden /Fourth Swedish National Pension Fund 13F: Cuts AAPL Stake by $79M

Fjarde Ap-Fonden, also known as the Fourth Swedish National Pension Fund, trimmed its investment in Apple Inc. (NasdaqGS: AAPL) during the quarter, according to a Form 13F filed with the SEC on October 15, 2026. Institutional filings like this one are backward-looking and show holdings as of the end of the reporting period, meaning they might not reflect the fund's current stance today.

Inside Fjarde Ap-Fonden's Apple Trade

During the quarter, the pension fund sold 238,380 shares of the tech giant. That 5.7% decrease brought its total holding down to 3,908,828 shares. Based on the filing data, the remaining stake was valued at roughly $1.3 billion. This follows recent portfolio moves by the fund, including a reduction in its Spotify Technology S.A. position reported earlier in October.

Other Institutional Activity in Apple

While Fjarde Ap-Fonden stepped back slightly, several other major institutional players added to their Apple positions during the quarter. Blackrock Inc. grew its holdings by 18,314,912 shares, ending with 1,162,996,939 shares worth about $399.4 billion. Vanguard Capital Management LLC increased its stake by 5,246,239 shares to finish with 959,107,911 shares valued at roughly $329.4 billion. State Street Corporation added 12,770,030 shares for a 2.1% increase, holding 615,129,929 shares worth about $211.3 billion. Geode Capital Management, LLC grew its holdings by 2,727,705 shares, or 0.7%, ending with 371,336,543 shares valued at roughly $127.5 billion. Finally, Vanguard Portfolio Management LLC boosted its stake by 2,684,620 shares, representing a 0.8% increase, to own 334,119,156 shares worth about $114.8 billion.

Apple Inc. Stock Holds Steady

Apple shares recently traded around $343.01 as of October 16, 2026. The stock sits 5.5% above its 50-day moving average of $325.08 and 17.4% above its 200-day moving average of $292.11. The share price trades just 1.5% below its 52-week high of $348.15 and well above its 52-week low of $243.42.

Recent Earnings

Apple reported trailing twelve-month revenue of $466.8 billion alongside trailing earnings per share of $8.72. The company posted a net profit margin of 27.6% and a return on equity of 148.8%. Year-over-year revenue growth stood at 16.4%. Apple's next quarterly earnings report is scheduled for November 2, 2026.

Dividend

Apple pays an annual dividend with a yield of 0.32% and a payout ratio of 12.0%.

Insider Buying and Selling at Apple Inc.

Apple insiders completed several stock sales ahead of the filing. On October 2, 2026, officer Deirdre O'Brien sold 46,389 shares valued at $15.5 million. Chief Executive Officer John Ternus sold 25,412 shares worth about $8.5 million on the same day. Officer and director Timothy D. Cook sold 191,753 shares for a total value of $63.8 million on October 2. Later, on October 6, 2026, general counsel Jennifer Newstead sold 2,399 shares at a price of $332.01 per share, totaling roughly $796,492.

Analysts Set New Price Targets

Wall Street firms updated their views on Apple ahead of the filing. On September 23, 2026, B of A Securities reiterated its Buy rating with a $370.00 price target. Morgan Stanley reiterated its Overweight rating and $360.00 price target on September 29, 2026, before adjusting its target slightly to $355.00 on October 1. Needham reiterated a Hold rating on October 1, 2026. JP Morgan maintained its Overweight rating on October 12, 2026, while raising its price target from $340.00 to $360.00. Across the broader analyst community, Apple carries a consensus Buy recommendation with a mean price target of $329.38 based on 39 analyst opinions.

About Apple Inc.

Apple designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players. The company sells a wide range of related software, services, accessories, networking solutions, and third-party digital content. Institutional portfolio adjustments like Fjarde Ap-Fonden's recent trimming offer a look at how large global investors manage exposure to one of the market's largest technology leaders.

Bottom Line

Fjarde Ap-Fonden's reduction gives investors a look at institutional positioning from the past quarter. Market participants will watch for Apple's upcoming earnings release on November 2, 2026, to gauge the company's financial momentum heading into the end of the year.