Sumitomo Mitsui DS Asset Management Company 13F: Adds $13M to AAPL Stake

Sumitomo Mitsui DS Asset Management grew its stake in Apple Inc. AAPL by 1.6% during the quarter, according to a Form 13F filed with the SEC on October 20, 2026. The fund purchased an additional 38,186 shares of the tech giant, bringing its total ownership to 2,406,363 shares. The reported value of the position stood at approximately $801.4 million at the time of the filing.

AAPL Apple Inc.

$339.49 ▲ +25.61% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in Sumitomo Mitsui DS Asset Management's Apple Position

The asset manager expanded its existing investment in Apple Inc. AAPL from 2,368,177 shares up to 2,406,363 shares. This 1.6% lift in share volume reflects a continued appetite for the Cupertino-based consumer electronics maker, with the total value crossing the $801 million mark.

Other Institutional Activity in Apple Inc.

Other large funds have maintained substantial positions in the tech giant alongside these portfolio adjustments. Berkshire Hathaway, Inc maintained its massive holding of 227,917,808 shares, valued at roughly $77.4 billion based on prior reporting periods.

Apple Inc. Stock Down 1.1%

Shares of Apple Inc. AAPL closed at $339.49 on October 20, 2026, and recently traded at $339.73. The stock sits below its 52-week high of $348.15 while staying well above its 52-week low of $243.42. The share price is positioned above both its 50-day moving average of $326.29 and its 200-day moving average of $292.82.

Recent Earnings

Apple Inc. generated $466.8 billion in trailing twelve month revenue alongside an earnings per share of $8.72. The company posted a net profit margin of 27.6% and a return on equity of 148.8%. Investors await the next quarterly financial update scheduled for November 2, 2026.

Dividend

The company distributes an annual dividend rate of $1.08 per share, which translates to a dividend yield of 0.31% based on recent pricing. The payout is supported by a dividend payout ratio of 12.0%.

Insider Buying and Selling at Apple Inc.

Company insiders executed several transactions prior to the filing date. Timothy D Cook, Officer and Director, disposed of 191,753 shares on October 2, 2026, totaling about $63.8 million. Jennifer Newstead, General Counsel, sold 2,399 shares at an average price of $332.01 on October 6, 2026, worth roughly $796,492. Kevan Parekh, Chief Financial Officer, sold 1,392 shares valued at $480,315 on October 16, 2026. Ben Borders, Officer, also sold 1,280 shares valued at $442,108 on October 16, 2026.

Analysts Set New Price Targets

Wall Street firms updated their stances ahead of the filing. On October 1, 2026, Morgan Stanley maintained its Overweight rating and adjusted its price target from $360.00 to $355.00. Needham reiterated a Hold rating on the same day. JP Morgan maintained an Overweight rating while lifting its target from $340.00 to $360.00 on October 12, 2026. On October 20, 2026, MoffettNathanson maintained a Neutral rating with a target of $283.00, while Loop Capital downgraded the stock to Hold with a $330.00 price target. Across 39 analyst opinions, the stock carries a buy recommendation key and a mean price target of $329.38.

About Apple Inc.

Apple Inc. designs, manufactures, and markets mobile communication devices, media players, and personal computers alongside a wide selection of related software, services, and accessories. Well-known product lines include the iPhone, Mac, and iPad, complemented by wearables and digital content services. Institutional interest remains high as the company prepares for its upcoming earnings release.

Bottom Line

Market participants will monitor upcoming corporate updates and the November 2nd earnings report for further clarity on hardware demand and services growth. Institutional portfolio shifts like this one illustrate ongoing adjustments among major global asset managers.