China Universal Asset Management Co. Ltd. lessened its stake in Apple Inc. ( NASDAQ:AAPL – Get Rating ) by 64.2% in the first quarter, Holdings Channel reports. The fund owned 50,600 shares of the iPhone maker’s stock after selling 90,612 shares during the quarter. Apple makes up about 3.1% of China Universal Asset Management Co. Ltd.’s holdings, making the stock its 7th biggest holding. China Universal Asset Management Co. Ltd.’s holdings in Apple were worth $8,835,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors also recently bought and sold shares of AAPL. Daniels&Tansey…