Hedge fund discloses 3 million-share position in Apple after years of intermittent holdings and strong iPhone revenue growth.
Renaissance Technologies disclosed a new 3 million-share stake in Apple Inc. (NASDAQ:AAPL) for Q2 2026, marking its first position in the company since early 2013. The fund previously held 38 million shares in 2010 but exited the position shortly after, engaging in short-term trades since then.
Apple reported record iPhone revenue of $56.99 billion for Q2 2026, a 22% year-over-year increase driven by demand for the iPhone 17 lineup. Greater China sales surged 28% to $20.5 billion, defying regional slowdown concerns, while services revenue reached an all-time high.