Are These Rates Enough For Apple’s Top Institutional Shareholders?

Apple (NASDAQ:AAPL): Early speculations are showing up over Apple’s debt offering. Whispers indicate that it could be 3-year notes priced around 35 basis points over comparable-maturity Treasury notes, and 10-year notes priced 90-95 basis points above. A 3-year Treasury currently yields 0.31 percent, and if borrowing at 0.66 percent, Apple can buy back shares yielding nearly 3 percent.

These institutional firms indicated owning shares of Apple Inc. in Q1 2013. They reported owning a total of 254.882 million shares on 03/31/2013. The shares closed at $442.66 on 03/31/2013.

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Here are the ten largest positions in Apple Inc. at the end of March 31st, 2013.

Vanguard Group Inc. held 43,247,824 shares on 03/31/2013 worth $19,144,081,930. This brought the portfolio total to 2.1%.

State Street Corp. held 37,194,631 shares on 03/31/2013 worth $16,464,575,495. This brought the portfolio total to 2.18%.

Blackrock Institutional Trust Company N.A. held 25,668,431 shares on 03/31/2013 worth $11,362,387,760. This brought the portfolio total to 2.33%.

JPMorgan Chase & Co. held 13,551,257 shares on 03/31/2013 worth $5,998,599,473. This brought the portfolio total to 1.95%.

Bank of New York Mellon Corp. held 12,562,591 shares on 03/31/2013 worth $5,560,956,578. This brought the portfolio total to 1.77%.

Blackrock Fund Advisors held 8,888,900 shares on 03/31/2013 worth $3,934,760,507. This brought the portfolio total to 1.51%.

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Wells Fargo & Company held 6,951,047 shares on 03/31/2013 worth $3,076,950,490. This brought the portfolio total to 1.6%.

Blackrock Group Ltd held 6,689,923 shares on 03/31/2013 worth $2,961,361,340. This brought the portfolio total to 2.19%.

Morgan Stanley held 6,628,335 shares on 03/31/2013 worth $2,934,098,795. This brought the portfolio total to 1.51%.

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