Braeburn Capital

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]

Braeburn Capital Inc.

Company type	Subsidiary
Industry	Asset management Investment management
Founded	October 3, 2005; 19 years ago (2005-10-03) in Reno, Nevada, U.S.[1]
Headquarters	Reno, Nevada , U.S.
AUM	US$268.9 billion (2017)
Parent	Apple Inc.
Website	braeburncapital.com (Redirects to Apple)

History

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 U.S. states totaling in millions of dollars.^[3]

Capital

Apple's cash, and short-term and long-term investments

Year	Value (billion USD)
2005	8.3
2006	10.1
2007	18.45
2008	24.49
2009	33.99
2010	51.01
2011	81.57
2012	121.25
2013	146.76
2014	155.24
2015	205.67
2016	237.59
2017	268.90
2018	237.10
2019	205.9
2020	191.8
2021	190.5
2022	48.3
2023	166.5
2024	162.5
2025

In 2012, Wall Street analysts calculated that Apple could earn up to $45.6 billion in fiscal year 2012, a record for any American business. By national and international diversions of revenues and many other legal methods, Apple stood to save billions of dollars in taxes.^[3]

Name

The name Braeburn refers to a particular cultivar of apple. This is a play on the name of the parent company Apple Inc.^[4]

Personnel

Mick Mulvaney's brother Theodore "Ted" Mulvaney is portfolio manager for Braeburn Capital.^[5]