SteelPeak Wealth 13F: Cuts Apple (AAPL) Stake by $36M
SteelPeak Wealth trimmed its stake in Apple Inc. by over 108,000 shares in a recent filing.
Reviewed by automated data checks against the source filing. How we make and check alerts
SteelPeak Wealth sold 108,201 shares from its stake in Apple Inc. ($AAPL), an 11.36% decrease, according to a 13F filing with the SEC dated October 16, 2026. It reported 844,670 shares worth $281.29 million at the end of the quarter.
AAPL
Apple Inc.
Key Points
- SteelPeak Wealth cut its position in Apple Inc. by 108,201 shares to 844,670 shares valued at $281.3 million in a filing on October 16, 2026.
- Apple shares recently traded around $343.01, above both the 50-day and 200-day moving averages by 5.5% and 17.4%, respectively.
- Other institutional investors like Annex Advisory Services and ASR Vermogensbeheer N.V. have increased their stakes in Apple, reflecting varying investor sentiment.
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SteelPeak Wealth reduced its position in Apple Inc. (NASDAQ: AAPL) by 108,201 shares, bringing its total holdings down to 844,670 shares valued at about $281.3 million. This change was disclosed in a filing on October 16, 2026.
What Changed in SteelPeak Wealth's Apple Position
In this filing, SteelPeak Wealth's stake reduction represents an 11.4% decrease. The firm did not open a new position or sell out entirely, indicating a strategic trim rather than a full exit.
Other Institutional Activity in Apple
Several other institutional investors made moves with Apple shares in the same quarter. BlackRock Inc. increased its holdings by 18,314,912 shares, totaling 1,162,996,939 shares worth about $399.4 billion. Vanguard Capital Management LLC added 5,246,239 shares, resulting in a total of 959,107,911 shares valued at approximately $329.4 billion. State Street Corporation also grew its stake by 12,770,030 shares, ending with 615,129,929 shares worth about $211.3 billion.
Apple Inc. Stock Up 0.1%
As of October 16, 2026, Apple shares traded around $343.01, which is above the 50-day moving average by 5.5% and the 200-day moving average by 17.4%. However, this level is about 1.5% below the 52-week high of $348.15.
Recent Earnings
For the trailing twelve months, Apple reported a revenue of approximately $466.8 billion and an earnings per share (EPS) of $8.72. The company has shown a year-over-year revenue growth of 16.4%. Its 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.
Insider Buying and Selling at Apple Inc.
Several insiders sold shares on October 2, 2026. Deirdre O’Brien, an officer, sold 46,389 shares, while CEO John Ternus sold 25,412 shares. Timothy D. Cook, another officer and director, sold 191,753 shares. Jennifer Newstead, the General Counsel, sold 2,399 shares on October 6, 2026, at an average price of $332.01.
Analysts Set New Price Targets
On October 12, 2026, JP Morgan maintained its Overweight rating on Apple with a price target of $360. Previous analysts' actions include B of A Securities reiterating a Buy rating with a $370 price target on September 23, 2026, and Morgan Stanley maintaining an Overweight rating with a target of $355 on October 1, 2026.
About Apple Inc.
Apple Inc. designs and sells smartphones, personal computers, tablets, and accessories worldwide. The company is well-known for its popular products like the iPhone, iPad, and Mac. SteelPeak Wealth's adjustments to its position come as the company continues to report strong financial results and maintain a notable market presence.
Bottom Line
Investors should monitor the next earnings report on November 2, 2026, as well as upcoming filings from institutional investors. Remember, this filing reflects holdings as of the reporting period and may not represent current positions.
Related Filing Alerts
Source: SteelPeak Wealth's 13F filing on $AAPL (Oct 16, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Read the original filing: 13F-HR filing on SEC EDGAR. Written by software, not financial advice. How we make alerts