Apple Inc. (AAPL), Exxon Mobil (XOM) Among Adage Capital’s Biggest Bets

Page 1 of 3

It’s no secret that Apple Inc. (NADSAQ:AAPL) is the No. 1 stock pick in the hedge fund industry. Let’s take a look at one fund in particular that is bullish on the stock.

Phil Gross and Robert Atchinson founded Adage Capital in 2001. The Boston-based firm manages money for endowments and foundations, with a focus on large-cap stocks. In reviewing the firm’s latest 13F–a filing with the SEC that reveals the majority of its publicly owned securities–we have outlined Adage’s top five holdings.

Phill Gross

Apple Inc. (NASDAQ:AAPL) makes up over 3% of Adage’s 13F portfolio and was its No. 1 stock pick as of its last filing. Apple has one of the industry’s top balance sheets with a debt ratio (debt/assets) of 0%, compared to Microsoft (10%) and Google (7%).

According to our analysis of the company’s secret hedge fund, Apple Inc. (NASDAQ:AAPL) had about $7 billion in cash, cash equivalents, and short-term marketable securities on its last 10-K. The rest of the company’s cash hoard (about $114 billion) is held in a number of different asset classes, including about 40% in corporate securities and 17% in U.S. Treasuries. With an annual dividend payout (2% yield) expected to total a bit below $10 billion this fiscal year, Apple does in fact have the capacity to boost shareholder wealth if it so desires.

Two of Apple Inc. (NASDAQ:AAPL)’s hottest products should continue to help the company generate large amounts of cash. The tech company’s iPhone saw its US market share increase to 48.1%, surpassing Android’s 46.7% for the 12-weeks ending October 28, 2012, according to Kantar Worldwide. Meanwhile, the iPad represented 55% of all tablet shipments in 3Q 2012 according to ABI Research. Interestingly, billionaire Ken Fisher – founder of Fisher Asset Management – was upping his stake nearly 1000% last quarter (check out Ken Fisher’s new picks).

What company came in second?

Page 1 of 3
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!