In recent years, Apple has been the undeniable leader in share repurchase volumes, outspending all others.
It’s no surprise to many that the largest buyer of their own stock has been Apple (AAPL). Apple has repurchased $300BN+ in the past five years and $440BN+ in the past 10 years. They also are responsible for nine of the largest 10 quarterly buybacks ever (the other being QCOM in 2018). They also have the two largest buyback authorizations on record with announcements of $100BN in 2018 and $75BN in 2019. Other top buyers recently have also been from the IT sector or the Telecom sector (Alphabet, Facebook) in addition to a few healthcare names.
S&P 500: 10 Largest Quarterly Buybacks
| Period | Company | Amount Repurchased ($M) | Sector | % of Market Volume | % of Market Cap. |
|---|---|---|---|---|---|
| Q4'2020 | Apple | $27,636 | Info.Tech. | 21.2% | 1.3% |
| Q1 2019 | Apple | $23,811 | Info.Tech. | 11.60% | 3.0% |
| Q1 2018 | Apple | $22,908 | Info.Tech. | 12.10% | 2.6% |
| Q4 2019 | Apple | $22,085 | Info.Tech. | 12.2% | 1.9% |
| Q2 2018 | Apple | $21,860 | Info.Tech. | 11.50% | 2.4% |
| Q3 2018 | QUALCOMM | $21,162 | Info.Tech. | 10.40% | 22.4% |
| Q3 2018 | Apple | $19,364 | Info.Tech. | 9.50% | 1.9% |
| Q1 2021 | Apple | $18,847 | Info.Tech. | 10.6% | 0.9% |
| Q1 2020 | Apple | $18,761 | Info.Tech. | 9.40% | 1.4% |
| Q1 2014 | Apple | $18,036 | Info.Tech. | 11.30% | 3.8% |
Data sources: S&P Dow Jones Indices, Guzman & Co.
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