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When Apple Inc. AAPL says it&#39;s sitting on $261.5 billion in cash, it isn&#39;t technically accurate as some of the holdings are in investible securities -- and not just parked in a savings account at a local bank.
In fact, Apple owns $52.6 billion worth of U.S. Treasury securities, $20.1 billion of which are short-term in nature and $31.35 in long-term marketable Treasury securities, according to a <a href="https://www.cnbc.com/2017/08/03/apple-owns-more-us-treasuries-than-many-major-countries.html">CNBC report</a>. Even more interesting is the fact that Apple is the 23rd-largest holder of treasury in the world and the only company among the biggest 35 holders.
Japan is still the largest holder of U.S. Treasury at $1.1113 trillion, followed by China at $1.1022 trillion. Ireland is a distant third at $295.8 billion, followed by Brazil and the Cayman Islands at $269.7 billion and $266.1 billion, respectively.
Fellow &quot;<a href="http://www.benzinga.com/topic/faang">FAANG</a>&quot; member Amazon.com, Inc. AMZN, owns just $5 billion in U.S. government or agency securities, CNBC added.
Meanwhile, as of just a few months ago, Apple <a href="https://www.benzinga.com/markets/emerging-markets/17/05/9413107/did-you-know-apple-invested-148-billion-in-foreign-corporate-">owned $148 billion worth of corporate international debt</a>, which makes it the world&#39;s biggest unofficial fixed-income mutual fund. Apple&#39;s international cash would be subject to a 35 percent tax rate if it were to repatriate foreign capital so instead Apple is investing in bonds with a three- to five-year duration.
It&#39;s not known what quality of bonds Apple chooses to invest in, but common logic would dictate it&#39;s allocated to higher-quality instruments that are at least AA-rated.
Related Links:
<a href="https://www.benzinga.com/news/earnings/17/05/9394564/apple-has-so-much-cash-in-reserve-it-could-buy-10-snap-incs-almost-20-tw">Apple Has So Much Cash In Reserve It Could Buy 10 Snap Incs, Almost 20 Twitters</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/04/9296865/the-case-for-why-apple-should-buy-disney">The Case For Why Apple Should Buy Disney</a>

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