Vice President Al Gore holds over 460,000 shares valued at over $60,400,000 today. Because of ill health, Jobs resigned as CEO in August 2011 and was succeeded by chief operating officer Tim Cook; Jobs died from cancer that October. In 2014 Apple made its largest acquisition by buying the headphone manufacturer and music-streaming company Beats for $3 billion. Companies of this size are usually well known to retail investors, too. In the chart below, we can see that institutions own shares in the company.
BlackRock is not only an asset manager, but it also provides other asset managers and corporations with its Aladdin portfolio management software. As shown in Walt Disney financials, Laurene Powell who owns apple now Jobs Trust still owned 7.8% of the company’s stocks in 2016, corresponding to 128,301,176 shares. As of 2018, that information is missing, which tells us that Jobs’ wife sold part of those stocks.
Contributions to the Company
Pennsylvania-based investment advisor Vanguard Group owns the biggest proportion of Apple stock among other institutional investors with 7.85% ownership worth $176.44bn, according to WallStreetZen data. Vanguard Group, Blackrock, and Warren Buffet’s Berkshire Hathaway are three top shareholders of Apple among institutional investors. However, according to Jones, institutional ownership of a stock may not be so important for retail investors. The institutional investors that own Apple shares include pension funds, hedge funds, mutual funds, money managers and insurance companies.
This might be a strategic stake, so it’s worth watching this space for changes in ownership. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature.
It is good to see board members owning shares, but it might be worth checking if those insiders have been buying. Established in 1975, the company is the world’s second largest asset manager, according to Advratings’ list of World’s Top Asset Management Firms. Vanguard offers a broad range of investments, advice, retirement services, and insights to individual investors, institutions, and financial professionals. As of 6 July, institutional investors own 57.48% of the stock, or 9.30bn shares, retail investors hold 42.4%, or 6.84bn shares and Apple executives hold 0.12%, based on data by WallStreetZen.
- Back in 1985 Sculley turned down an appeal from Microsoft founder Bill Gates to license its software.
- With a list of the largest shareholders and how much is each of their stake worth.
- We can see that public companies hold 5.8% of the Apple shares on issue.
- Berkshire Hathaway owned 916 million shares in Apple and controlled 916 million shareholder votes as of December 2022.
- The third partner, Ronal Wayne, was offered a 10% stake, but he soon backed out due to his concerns that the company wouldn’t be able to succeed, so he sold his 10%.
However, the actual decision power is in the hands of Vanguard’s insiders since the ownership is diluted over millions of investors worldwide. Vanguard owned 1,278 million shares in Apple and controlled 1,278 million shareholder votes as of December 2022. The following table summarizes how much is each shareholder’s stake in Apple Inc. worth. Now he owns a remaining 112,064 shares that, at today’s value, are worth over $24 million. Apple Inc. is owned by two main institutional investors (Vanguard Group and BlackRock, Inc).
Does Steve Jobs still own Apple’s stocks?
Every company has them, and we’ve spotted 1 warning sign for Apple you should know about. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it’s included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
- Apple ‘s dispersed ownership might create conflicts of interest between Apple ‘s management and its investors, which are represented by another management layer in the form of asset managers.
- Company’s CEO Waren Buffet and his “sidekick” Charlie Munger are proponents of value-based, long-term investing.
- It’s hard to say for sure but this suggests they have entwined business interests.
- The institutional investors that own Apple shares include pension funds, hedge funds, mutual funds, money managers and insurance companies.
Like its tech peers, Apple (APPL) hasn’t been immune from the market slump in 2022. But, despite losing over 20% year-to-date (6 June), Apple remains the world’s largest company by market capitalisation and keeps attracting institutional interest. The Vanguard S&P 500 ETF (VOO) is one of the company’s largest exchange traded funds (ETFs) with about $636 billion in net assets. Apple is the number one holding, comprising 6.7% of the VOO portfolio as of Dec. 31, 2020. The top three institutional investors own—in total—slightly more than 20% of the outstanding common stock outstanding for Apple as of Dec. 28, 2020. After he left Apple, Jobs founded NeXT and bought a stake in Pixar from George Lucas.
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Company’s CEO Waren Buffet and his “sidekick” Charlie Munger are proponents of value-based, long-term investing. They stick to the business they understand and avoid new trendy things, whatever it means. I think that it is fair to call them “old-school.” Their old-school approach is not limited only to their investment style, as anyone who visited their company webpage can confirm. Berkshire Hathaway is an iconic company represented by legendary investor Warren Buffet who is also its significant shareholder and CEO. There were 15,842 million votes distributed among shareholders of Apple Inc..
As you can see, institutional investors have a fair amount of stake in Apple. This implies the analysts working for those institutions have looked at the stock and they like it. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Apple, (below). Of course, keep in mind that there are other factors to consider, too.
📃 Who Owns Apple?
In 2020 Apple introduced its own microprocessor, the M1, for Macintosh computers, which had previously used Intel chips. The M1 was one of the fastest microprocessors available and was designed to be fast while also using less power than previous chips. It’s always worth thinking about the different groups who own shares in a company. But to understand Apple better, we need to consider many other factors.
Apple ‘s dispersed ownership might create conflicts of interest between Apple ‘s management and its investors, which are represented by another management layer in the form of asset managers. In situations like these, insiders of the large asset manager shareholders and insiders of the company hold significant power over it. As of 6 July, institutional investors such as asset management firms Vanguard, Blackrock and Berkshire Hathaway hold more than 57% of Apple’s shares.
“Insider” refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company’s stock. Macs are known for their ease of use and distinctive aluminium, minimalist designs. Macs have been popular among students, creative professionals, and software engineers. The current lineup consists of the MacBook Air and MacBook Pro laptops, and the iMac, Mac mini, Mac Studio and Mac Pro desktop computers. The same year, Apple introduced System 7, a major upgrade to the Macintosh operating system, adding color to the interface and introducing new networking capabilities. Apple became the first publicly traded U.S. company to be valued at over $1 trillion in August 2018, then at $2 trillion in August 2020, and at $3 trillion in January 2022.
Based on his claims, he technically never stopped to be an employee of Apple, even after he left the company in 1985. However, keep in mind that a stake in Apple could be just one part of their portfolio, and their total worth could be bigger, thanks to other investments. Thus, he became a minor shareholder in comparison to Steve Jobs.
The Vanguard Group, Inc. is currently the company’s largest shareholder with 7.7% of shares outstanding. BlackRock, Inc. is the second largest shareholder owning 6.2% of common stock, and Berkshire Hathaway Inc. holds about 5.4% of the company stock. Apple’s largest shareholders are asset managers who invest other people’s money. This is to be expected for one of the largest companies in the world. Apple’s shareholders have a significant degree of influence on the company’s decisions. Major shareholders can affect decision-making processes at Apple as they own large percentages of the company’s stock, which can give them voting power when it comes to certain matters.
Such financial instruments would track the performance of a benchmark index such as S&P 500 (US500) or Nasdaq 100 (US Tech 100). Prior to joining Apple, Tim was vice president of Corporate Materials for Compaq and was responsible for procuring and managing all of Compaq’s product inventory. Apple’s 12-month trailing revenue and net income are $268 billion and $57.2 billion, respectively.
The top shareholders of Apple are Arthur Levinson, Tim Cook, Jeff Williams, Vanguard Group Inc., BlackRock Inc. (BLK), and Berkshire Hathaway Inc. (BRK.A). The NeXT acquisition was finalized on February 9, 1997, and the board brought Jobs back to Apple as an advisor. On July 9, 1997, Jobs staged a boardroom coup that resulted in Amelio’s resignation after overseeing a three-year record-low stock price and crippling financial losses. The remaining 10% was a share of third minority co-founder Ronald Wayne.