And he notes that the company will have a cash hoard as a result of its deal with Vivendi, to make new acquisitions.
Apparently Anderson and the committee thought they'd find a huge cash hoard in the footlocker.
The fund's cash hoard hit 35 percent at the end of January.
Its cash hoard at the end of the quarter was $46 billion, up $2.8 billion.
Its cash hoard is 7.5 percent of assets, roughly the average for stock funds.
Apple has also increased its cash hoard to $4.52 billion.
Now they have a use for Apple's cash hoard: Disney.
Still, the price will hardly make a dent in the No. 2 auto maker's $10 billion cash hoard.
At times, the fund's cash hoard has risen to more than 15 percent.
At the end of the third quarter, Chrysler's cash hoard had reached $8.7 billion.