Top 4 Mutual Fund Holders of Verizon (VZ) in 2021: Shares and Portfolio Insights
Explore the leading mutual fund investors in Verizon Communications (VZ) as of 2021, their share ownership, and how their investment strategies may impact your portfolio performance.
Ariel Courage is a seasoned editor, researcher, and former fact-checker with experience contributing to top financial publications such as The Motley Fool and Passport to Wall Street.
Verizon Communications reported its Q3 2020 financial results on October 21, 2020, revealing a 3.6% year-over-year decline in consolidated revenue. Verizon Wireless experienced an 18.9% drop in total revenue, while service revenues decreased by 0.8%.
The largest mutual fund holders of Verizon Communications, Inc. (ticker: VZ), are predominantly index funds, reflecting broad market exposure.
1. Vanguard Total Stock Market Index Fund (VTSAX)
Holding the top spot, the Vanguard Total Stock Market Index Fund (VTSAX) owned approximately 116.6 million shares of Verizon as of Q1 2021, accounting for 2.82% of the company. Established in 1992, VTSAX offers comprehensive exposure across the entire U.S. stock market, including small-, mid-, and large-cap stocks with both growth and value orientations.
Verizon represents about 0.56% of VTSAX's $240.5 billion portfolio. The fund maintains a low expense ratio of 0.04% and requires a minimum investment of $3,000.
2. Vanguard 500 Index Fund (VFIAX)
The Vanguard 500 Index Fund (VFIAX) is the second-largest mutual fund holder, with ownership of 82.9 million Verizon shares, equivalent to 2% of the company as of early 2021. VFIAX was the first index fund designed for individual investors, investing over 98% of its assets in U.S. equities that track the S&P 500 index, representing the largest American companies.
Verizon shares make up less than 1% of VFIAX’s $220.4 billion portfolio. This fund also features a 0.04% expense ratio and a $3,000 minimum investment requirement.
3. SPDR S&P 500 ETF Trust (SPY)
The SPDR S&P 500 ETF Trust (SPY) ranks third among Verizon’s mutual fund holders, owning 42.9 million shares or 1.04% of the company as of Q1 2021. SPY is America's first and most heavily traded ETF, replicating the total return of the S&P 500 index, which tracks 500 leading U.S. companies.
Verizon constitutes approximately 0.66% of SPY’s $360 billion portfolio.
4. Fidelity 500 Index Fund (FXAIX)
The Fidelity 500 Index Fund (FXAIX) offers a cost-effective way to gain diversified exposure to the largest 500 U.S. companies, representing about 75% of the U.S. equity market.
As of Q1 2021, FXAIX held 37.5 million Verizon shares, about 0.90% of the company, making up 0.87% of the fund’s portfolio. With $308 billion in assets under management and an ultra-low expense ratio of 0.015%, FXAIX is a popular choice for broad market exposure.
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