Jefferies Downgrades Apple as Fund Sentiment Shifts

Fintel reports that on May 2, 2025, Jefferies has downgraded its outlook for Apple (SNSE:AAPL) from Hold to Underperform.

Current Fund Sentiment

As of now, 7,670 funds or institutions report positions in Apple. This figure reflects an increase of 466 owners, or 6.47%, over the last quarter. The average portfolio weight of all funds in AAPL stands at 3.72%, showing an increase of 8.82%. Institutional ownership has also risen, with total shares owned increasing by 3.17% over the last three months, bringing the total to 10,604,580K shares.

Actions by Other Shareholders

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 473,592K shares, equating to 3.15% ownership of the company. In its previous filing, this firm reported owning 457,849K shares, indicating an increase of 3.32%. Over the last quarter, it has raised its portfolio allocation in AAPL by 9.56%.

VFINX – Vanguard 500 Index Fund Investor Shares currently holds 409,170K shares, representing 2.72% ownership. The previous filing showed ownership of 398,082K shares, marking an increase of 2.71%. This firm has increased its portfolio allocation in AAPL by 4.51% in the last quarter.

Geode Capital Management holds 340,165K shares, which accounts for 2.26% ownership. The prior filing indicated ownership of 333,858K shares, an increase of 1.85%. The portfolio allocation in AAPL has been increased by 4.89% over the last quarter.

Berkshire Hathaway currently maintains its position with 300,000K shares, representing 2.00% ownership, showing no change in the last quarter.

Price T Rowe Associates holds 220,108K shares, which translates to 1.47% ownership. Their previous report indicated ownership of 235,581K shares, reflecting a decrease of 7.03%. However, the firm has increased its portfolio allocation in AAPL by 0.54% in the last quarter.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.