Apple Inc. (NASDAQ:AAPL) has a pile of cash nearly $120 billion high. Naturally, the tech giant invests most of this fortune, and according to Zero Hedge, Nevada-based Braeburn Capital is the asset manager of choice. In its feature on the fund, Zero Hedge discusses Braeburn’s AUM figures quite heavily, but mentions that “there is no breakdown of which ‘public equity market’ investments Braeburn is invested in.”
In an insightful piece by Forbes‘s Tim Worstall, it is mentioned that Apple does indeed disclose how its cash is invested – it’s buried in the company’s yearly 10K. In Worstall’s original piece, he mentions how Apple’s cash was invested at the end of FY2011, but we thought we’d update this analysis for FY2012.
*Data compiled via Apple Inc. (NASDAQ:AAPL)’s 10-K
**Dollar amounts in billions, rounded to the nearest hundred million
So, as we can see, the total size of Apple’s investable portfolio increased by nearly 50% over the past year, and these gains were primarily stashed in Treasuries, MBS and other asset-backed securities, agency securities like Fannie Mae and Freddie Mac, and corporate securities.
While we can’t see the specific equities Apple Inc. (NASDAQ:AAPL) is invested in, we can see that its stake in the latter increased by 31.5% over the past year or $11.1 billion in absolute terms. This was the most bullish move for the company, though it also made smaller, larger changes percentage-wise, in its muni and mutual fund investments.
So what does this mean for Apple Inc. (NASDAQ:AAPL) investors?