Here’s How Apple (AAPL) Impacted Harbor Capital Appreciation Fund

Core Insights - Harbor Capital Appreciation Fund reported a solid performance in Q3 2025, with a return of 5.11%, while the Russell 1000® Growth Index and S&P 500 Index returned 10.51% and 8.12%, respectively [1] - The fund primarily invests in U.S. companies with a market capitalization of at least $1 billion [1] Company Performance - Apple Inc. (NASDAQ:AAPL) had a one-month return of -1.35% and a 52-week gain of 6.05%, closing at $273.81 per share with a market capitalization of $4.063 trillion on December 24, 2025 [2] - Apple reported revenue of $102.5 billion for the September quarter, reflecting an 8% year-over-year increase [3] Investment Strategy - The fund's underweight position in Apple negatively impacted relative returns, despite the stock benefiting from strong early demand for a new, higher-priced iPhone lineup [3] - The fund suggests that certain AI stocks may offer greater upside potential and less downside risk compared to Apple [3]