Highland Capital Management 13F: Adds $16M to Apple (AAPL) Stake
Key Points
- Highland Capital Management raised its holdings in Apple by 48,498 shares, bringing its total to 425,180 shares valued at about $141.6 million.
- The fund's position in Apple now represents 17.0% of its total reported value of $833.1 million, ranking second among its holdings.
- As of October 27, 2026, Apple shares traded recently around $344, about equal to the closing price of $343.91 on the filing date.
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Highland Capital Management increased its position in Apple Inc. (AAPL) by 48,498 shares, bringing its total holdings to 425,180 shares. This change was reported in a filing on October 26, 2026, and represents a 12.9% increase in their stake, valued at approximately $141.6 million.
AAPL
Apple Inc.
Where Apple Fits in Highland Capital Management's Portfolio
Apple now makes up 17.0% of Highland Capital's total reported value of $833.1 million, placing it second among the fund's 415 positions.
Apple Inc. Stock Down 1.1%
On the filing date, Apple shares closed at $343.91. Recently, they traded around $344, which is about equal to the closing price. The stock is currently above its 50-day moving average by 4.2% and above its 200-day moving average by 16.7%, indicating a strong position in the market.
Recent Earnings
Apple reported trailing twelve-month revenue of $466.8 billion, reflecting a year-over-year growth of 16.4%. 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, which translates to a yield of 0.31%. The company has a dividend payout ratio of 12.0%.
Insider Buying and Selling at Apple Inc.
Several insiders sold shares recently. General Counsel Jennifer Newstead sold 2,399 shares on October 6, 2026, for approximately $796,492, and again on October 20, 2026, for about $814,748. CFO Kevan Parekh sold 1,392 shares on October 16, 2026, valued at around $480,315, while Officer Ben Borders sold 1,280 shares on the same day for about $442,108.
Analysts Set New Price Targets
On October 1, 2026, Morgan Stanley maintained an "Overweight" rating for Apple with a target price of $355.00. JP Morgan also maintained an "Overweight" rating with a target of $360.00 on October 12, 2026. The consensus recommendation for Apple remains a "buy," with a mean target price of approximately $329.25.
About Apple Inc.
Apple Inc. designs and sells a wide range of consumer electronics, including iPhones, iPads, Mac computers, and various accessories. This recent boost in Highland Capital's position highlights continued confidence in Apple's growth potential as it prepares for its upcoming earnings report.
Bottom Line
Investors will be watching Apple's next earnings report on November 2, 2026, to see how the company continues to perform in a competitive market. Highland Capital's increased position suggests a stronger bet on Apple as it navigates the technology landscape.
Related Filing Alerts
Source: Highland Capital Management'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