Braeburn Capital

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Braeburn Capital Inc.
Subsidiary
Industry Asset management
Investment management
Founded October 3, 2005; 11 years ago (2005-10-03) in Reno, Nevada, United States[1]
Headquarters Reno, Nevada, United States
AUM US$220 billion (2016)
Parent Apple Inc.
Website braeburncapital.com

Braeburn Capital Inc. is an asset management company based in Reno, Nevada and a subsidiary of Apple Inc. Its offices are located at 6900 S. McCarran Boulevard in Reno.[2][3]

History[edit]

Apple created the company on October 3, 2005[1] to better manage its assets and to avoid certain California state taxes and taxes from other US States totaling in millions of dollars.[4]

Capital[edit]

Apple's cash, ST and LT investments
Year Value (billion USD)
2005 8.3
2006 10.1
2007 18.45
2008 24.49
2009 33.992
2010 n/a
2011 25.95
2012 29.1
2013 n/a
2014 n/a
2015 205
2016 220

At the end of 2005, 2006, 2007, and 2008, Apple's cash and short-term investments were valued at US$8.3 billion,[5] US$10.1 billion,[5] US$18.45 billion,[6] and US$24.490 billion,[7] respectively. As of September 26, 2009, its cash holdings were reported to be US$33.992 billion, increasing to $97 billion at the end of 2011.[8] In October 2012, CNET reported that Braeburn had US$117.2 billion under management, making it "the world's biggest hedge fund." [9]

In 2012, Wall Street analysts calculated that Apple could earn up to $45.6 billion in its current fiscal year 2012, a record for any American business. By national and international diversions of revenues and many other legal methods, Apple stands to save billions of dollars in taxes.[4]

Name[edit]

The name Braeburn refers to a particular cultivar of apple. This is a play on the name of the parent company Apple Inc.[10]

References[edit]

  1. ^ a b "Apple Takes Its Bankroll to Reno". Bloomberg.com. Bloomberg. 5 April 2006. 
  2. ^ "Relax: Apple's Reno asset-management office is still here". Reno Rebirth. 8 March 2013. Retrieved 24 August 2013. 
  3. ^ "Presenting The World's Biggest Hedge Fund You Have Never Heard Of | Zero Hedge". www.zerohedge.com. 7 January 2013. Retrieved 12 January 2017. 
  4. ^ a b Duhigg, Charles; Kocieniewski, David (April 28, 2012). "How Apple Sidesteps Billions in Global Taxes". The New York Times. 
  5. ^ a b "SEC 10-K Filing" (PDF). Apple Inc. December 29, 2006. 
  6. ^ "SEC Filing". Apple 10Q Filing. U.S. Securities and Exchange Commission. December 29, 2007. 
  7. ^ "Edgar Pro". Google.brand.edgar-online.com. Retrieved August 15, 2012. 
  8. ^ "SEC 10-K Filing". Apple Inc. October 27, 2009. 
  9. ^ "Apple cash manager Braeburn: the 'world's biggest hedge fund'". CNet. October 1, 2012. 
  10. ^ University of Massachusetts Cold Spring Orchard page