Apple Inc. (AAPL) now has a market capitalization of more than $750 billion. That makes Apple easily the largest company, not only today, but of all-time. The next largest publicly traded company is Exxon Mobil Corporation (XOM) which has a market cap of $377 billion. That makes Apple just a mere $4 billion shy of being twice the size of the next largest company in the world.
With Apple's history of stock price appreciation and overall market crushing returns, and no real signs of slowing down when it comes to its business, it is understandable that a large number of money managers own shares of the company in theirs funds. But, what is interesting is the size that Apple represents in a large number of ETF's available to investors.
It is understandable that Apple is the largest holding in sum funds. For example Apple represents 3.89% and 3.87% in the SPDR S&P 500 ETF (SPY) and the Vanguard S&P 500 ETF (VOO) respectively, which are designed to mirror the make-up and performance of the S&P 500 index. Therefore since Apple is twice the size of the next largest company, it explains why it is double to size of Exxon in those ETF's. Continue reading "How Exposed are You to Apple?"
