Generate Investment Management Ltd increased its stake in Apple Inc. (AAPL, Financial). The firm's latest 13F filing with the Securities and Exchange Commission (SEC) reveals that Apple increased its third-quarter holding by 3.6%. During the period, the fund bought 9,259 shares, which now brings total holdings to 264,594 and a value of $61.62 million as of the filing date. Generate Investment Management holds Apple as 4.1% of its portfolio, making it the fifth largest holding for the firm.

Other institutional investors also changed their Apple positions. Christopher J. Hasenberg Inc raised its holdings by 88.9%, to about 306 shares with a value of $69,000. Cordant Inc. also increased its stake by 34.3% to 678 shares worth $158,000. Homeward Reserve boosted its holdings by 4.0% in the quarter. Apple's stock is held by institutional investors collectively to the tune of 67.73%.

Apple shares opened at $246.49 Thursday, a 0.5% decline. The stock continues to trade near its 12-month high of $250.80 and its low of $164.07. Apple's Q3 earnings were a rousing success, with the company reporting $1.64 per share on revenue of $94.93 billion, which was 6.1% higher than last year. They see the company reporting full-year EPS of $7.43.

This article first appeared on GuruFocus.