$Apple(AAPL)$ By mid-2026, institutional investors like mutual funds, ETFs, and pension funds hold most of Apple's stock, generally estimated at 64% of total shares outstanding. The remaining roughly 36% sits with individual investors and insiders. Given Apple's recent, consistent, and aggressive buyback pace, it would take around 10 to 12 years for the company to repurchase another 36% of its current outstanding shares. If Apple did buy back 36% of its outstanding shares, individual investors would effectively have no room left to buy more, which could put extreme upward pressure on the price and possibly lead to a stock split. Each year along the way toward repurchasing that 36%, the price per share would likely keep accelerating higher.