The headline number for $AAPL this quarter is the initiation count: 52 of the 114 top-200 alpha holders opened new positions as of 2026-03-31, against only 6 that added to existing stakes and 6 that trimmed. Wilmar Advisors LLC entered at 23.26% of portfolio weight; Settian Capital LP initiated at 12.60%; Tsai Capital Corp came in at 9.23%.
Among existing holders, the moves were mostly modest. Quad-Cities Investment Group added +5.13pp to reach 5.74%, and Cypress Capital Group added +3.93pp to reach 5.45%. On the other side, Stamos Capital Partners cut its position by -9.75pp — from 10.91% down to 1.17% — the sharpest single trim in the cohort. Citigroup Inc. trimmed -1.22pp to 3.84%, and Certior Financial Group cut -3.78pp to 2.00%. Two holders exited entirely: Mountain Hill Investment Partners Corp. (previously 1.50%) and Level Financial Advisors (previously 0.57%).
The cohort-average weight across 114 holders stands at 3.44%, with a range that runs from near-zero to GuideStone Capital Management's 100.00% single-stock concentration — a figure that skews the distribution considerably and is best set aside when reading the average. The bulk of the cohort clusters well below 5%, suggesting the initiation wave is broad but shallow; most new entrants arrived at sub-2% weights.
Fifty-two new initiations in a single quarter for one name is a structurally unusual clustering. Whether that reflects index-rebalancing mechanics or deliberate accumulation, the 13F data cannot say — but the breadth of new entry is the defining feature of this quarter's $AAPL positioning.