Top 4 Mutual Fund Holders of AT&T

AT&T (NYSE: T) is a major media company with a blend of businesses that provide broadband connectivity via the company’s high-speed fiber and wireless networks. AT&T also owns WarnerMedia, which produces entertainment via TV and film that includes HBO Max.

The multinational company reported nearly $169 billion in consolidated revenues for 2021, which was down from $172 billion in 2020.

Below are the top four mutual fund investors in AT&T stock.

The Four Largest Mutual Fund Holders of AT&T
Fund Holder # Shares Market Value Date Reported
Vanguard Total Stock Market Index Fund 201.8 million $5.45 billion Q3 2021
Vanguard 500 Index Fund 149.9 million $4.01 billion Q3 2021
SPDR S&P 500 ETF Trust 76.8 million $1.75 billion Q3 2021
Fidelity 500 Index Fund 69.7 million $1.60 billion Q3 2021
Source: Yahoo! Finance

1. The Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)

AT&T's largest mutual fund holder is the Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). The fund owns more than 201 million shares of AT&T with a market value of around $5.5 billion as of Q3 2021.

Vanguard's VTSAX is designed to offer broad exposure to the total U.S. stock market. With approximately $1.4 trillion in net assets under management (AUM), the VTSAX has an expense ratio of just 0.04%, and a five-year annualized return of around 18% as of the end of 2021. A minimum investment amount of $3,000 is required.

However, for those who don't have the $3,000 initial investment, Vanguard also offers an exchange traded fund (ETF) called the Vanguard Total Stock Market ETF (VTI). The VTI has a similar makeup to the VTSAX and the initial investment cost is the price of one share.

2. The Vanguard 500 Index Fund Admiral Shares (VFIAX)

AT&T's second-largest mutual fund holder is the Vanguard 500 Index Fund Admiral Shares (VFIAX), which owns roughly 150 million shares for a market value of $4 billion as of Q3 2021.

The VFIAX provides exposure to 500 of the largest U.S. companies across various industries mirroring the Standard and Poor's 500 index (S&P 500). The VFIAX had approximately $856 billion in assets under management, an expense ratio of 0.04%, and a five-year annualized return of around 17.5% as of the end of 2021.

Although the VFIAX has a minimum investment requirement of $3,000, Vanguard also offers an ETF version called the Vanguard S&P 500 ETF (VOO). The VOO has similar holdings to the VFIAX and its initial cost is the price of one share.

3. The SPDR S&P 500 ETF Trust (SPY)

AT&T's third-largest mutual fund holder of its stock is the popular SPDR S&P 500 ETF Trust (SPY), which is managed by State Street Global Advisors. The SPY ETF tracks the S&P 500 index and is invested in 505 stocks.

The SPY owns just under 77 million shares of AT&T for an approximate market value of $1.75 billion as of Q3 2021. The SPDR SPY has $413.5 billion in assets under management with an expense ratio of 0.0945%. The SPY has a five-year annualized return of around 17.5% as of the end of 2021.

4. The Fidelity 500 Index Fund (FXAIX)

AT&T's fourth-largest mutual fund holder of the company's stock is the Fidelity 500 Index Fund (FXAIX), which has $400 billion in assets under management. The FXAIX also tracks the S&P 500 Index following a passively managed strategy.

The FXAIX owns nearly 70 million shares of AT&T representing nearly $1.6 billion in market value as of Q3 2021. Fidelity's FXAIX has an expense ratio of 0.015%, no investment minimum, and a five-year annualized return of around 15% as of Q3 2021.

Article Sources
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