Apple ranks 3rd in US stock holdings by domestic investors... Nvidia rises to 2nd place

Apple has relinquished its position as the second-largest stock holding by domestic investors, a spot it had maintained for over three years.

According to the Korea Securities Depository on the 12th, as of the 6th, the stock with the highest valuation held by domestic investors among U.S. listed stocks was Tesla (approximately $10.484 billion), ranking first.

Following were Nvidia (approximately $6.157 billion) and Apple (approximately $4.744 billion), ranking second and third respectively. Excluding exchange-traded funds (ETFs), Microsoft (MS) (approximately $3.276 billion) and Alphabet (approximately $2.012 billion) ranked fourth and fifth respectively.

Apple had held the second place in terms of stock holdings by domestic "Seohak Gaemi" investors, following Tesla, from around September 2020 until the end of last year, but was overtaken by Nvidia after about three years and five months.

The prosecution has launched an investigation into Apple on suspicion of overcharging thousands of billions of won in in-app payment fees from domestic application developers. The photo shows the Apple Store Gangnam in Seoul on the 18th. Photo by Jinhyung Kang aymsdream@

Since the beginning of this year until the 7th, Seohak Gaemi investors have net sold Apple stocks worth approximately $183 million (about 240 billion KRW). Conversely, during the same period, they have net purchased Nvidia stocks worth about $104 million (approximately 140 billion KRW).

This phenomenon is analyzed as a result of Apple’s difficulties compounded by negative factors since the end of last year and Nvidia’s rise fueled by expectations of increased AI demand. Apple’s stock price has fallen 1.6% from $192.53 (closing price on December 29 last year) to $189.41 (closing price on the 7th).

Concerns over Apple’s sluggish sales and lagging AI technology competition led some global investment banks (IBs) to downgrade their investment opinions, further pressuring the stock price decline.