Apple Now Owns $51.5 Billion In Treasurys, More Than Mexico, Turkey Or Norway

Every quarter, Apple manages to impress with its gargantuan cash hoard, which in Q2 rose to $262 billion (which however is $153 billion net of debt), a new all time high as shown in the chart below.

While it is widely known that of this $262 billion, the vast majority, or $246 billion is held offshore, what is less appreciated is that Apple’s actual cash is just $18.6 billion. The rest is held in various securities, both short- and long-term, something we first reported back in September when we introduced readers to Braeburn Capital, the firm that actually manages Apple’s quarter trillion in asset holdings.
In the five years that have passed since then, Apple’s AUM have grown. Substantially.
As the company reported in its latest 10Q, as of June 30, AAPL now owns enough assets to not only put even the world’s largest hedge fund, Bridgewater with less than $200Bn in assets to shame, but some of the world’s largest holders of Treasurys. Of its total $243 billion in Short and Long-Term securities, Apple owned a whopping $51.5 billion in Treasurys, split between $20.1 billion in T-Bills and $31.3 billion in Treasury Bonds.

This post was published at Zero Hedge on Aug 3, 2017.