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You are here: Home / Finanace / Top 4 Mutual Fund Holders of AT&T

Top 4 Mutual Fund Holders of AT&T

December 21, 2020 by Retirement

Telecommunication services and broadband provider AT&T Inc. (NYSE: T) reported Q3 2020 earnings on October 22, 2020. The multinational company reported consolidated revenues of $42.34 billion, down about 5% compared to the same quarter in Q3 2019. AT&T has a market cap of $206.4 billion as of December 21, 2020.

The four largest mutual funds invested in AT&T (Reported as of Q3 2020)
Fund Holder # Shares Date Reported % Outstanding $ Value
Vanguard Total Stock Market Index Fund 199,772,554 Sep 29, 2020 2.80% 5,695,515,514
Vanguard 500 Index Fund 146,164,439 Sep 29, 2020 2.05% 4,167,148,155
SPDR S&P 500 ETF Trust 76,766,470 Nov 29, 2020 1.08% 2,207,036,012
Fidelity 500 Index Fund 64,208,874 Sep 29, 2020 0.90% 1,830,594,99
Source: Yahoo! Finance

Vanguard Total Stock Market Index Fund (VTSMX)

The largest mutual fund holder, Vanguard Total Stock Market Index Fund (VTSMX), owns nearly 200 million shares of AT&T, which accounts for 2.85% of the company as of Q3 2020. This mutual fund was created in 1992 and is designed to give broad exposure to the total US. stock market by including small-cap, mid-cap and large-cap growth and value stocks. VTSMX has $937.6 billion in assets under management (AUM) and invests 0.7% of its total assets in AT&T. It has a five-year annualized return of 11.37%, an expense ratio of 0.14%, and is closed to new investors.

Vanguard 500 Index Fund (VFINX)

As of Q3 2020, Vanguard 500 Index Fund (VFINX) is the second-largest mutual fund holder of AT&T with 146.2 million shares. This accounts for 2.08% of AT&T’s total shares and makes up under 1% of VFINX’s portfolio. This is the industry’s first index fund for individual investors, covering a diversified spectrum of the largest US. companies mirroring the Standard and Poor’s 500 index (S&P 500). VFINX has total net assets of $459.3 billion, with an expense ratio of 0.14% and a turnover ratio of 3.9%. The fund has a five-year annualized return of 11.56% and is closed to new investors.

SPDR S&P 500 ETF (SPY)

The SPDR S&P 500 ETF (SPY) is the first ever ETF introduced in the U.S. public market and remains one of the most popular to this day. As of November 2020, SPY is the third largest AT&T holder with 76.7 million shares. This accounts for about .71% of its total assets and 1.05% of AT&T. The fund has total assets of 277.59 billion and an expense ratio of 0.0945%.

Fidelity 500 Index Fund (FXAIX)

The Fidelity 500 Index Fund (FXAIX) is among the least expensive index mutual funds, with an expense ratio of just 0.015% per year. The fund is also the fourth largest mutual fund holder of AT&T shares as of the third quarter of 2020, owning more than 64 million of its shares. The fund manages around $275 billion in assets and has zero minimum investment, making it quite accessible to most investors.

Filed Under: Finanace

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