FedEx Corporation (NYSE: FDX) is famous for being the “if it absolutely has to be there overnight” company. The company has grown beyond express service; it now offers ground shipping and freight services. FedEx can deliver a package almost anywhere in the world. A growing part of the company is its services segment, which enables back-office, logistics, and customer service solutions for large and small companies.
FedEx moves more than 15 million shipments each business day to more than 220 countries and territories around the world, according to the FedEx website. In addition to deliveries and time-sensitive express service, FedEx Offices stores are brick and mortar locations that provide shipping services along with equipment such as digital photo kiosks, laser printers, or desktop access with an image scanner and Adobe design software.
As of March 2021, FedEx has a market capitalization of around $72 billion, with the five largest mutual fund investors own nearly 12% of total shares outstanding held.
|FDX Top Mutual Fund Holders as of Q1 2021|
|Vanguard Primecap Fund||8,934,006||3.37%||2,319,446,637|
|Dodge & Cox Stock Fund||7,803,762||2.94%||2,026,012,690|
|Vanguard Total Stock Market Index Fund||6,664,903||2.51%||1,730,342,116|
|Vanguard 500 Index Fund||4,840,811||1.82%||1,256,771,351|
|Parnassus Core Equity Fund||2,843,994||1.07%||738,357,722|
1. Vanguard Primecap Fund (VPMCX)
The Vanguard PRIMECAP Inv (VPMCX) is an actively managed stock growth fund that invests primarily in U.S. equity securities. The fund’s objective is to achieve long-term growth of principal. The fund’s benchmark is the Standard & Poor's 500 Index (S&P 500 Index). It consistently and significantly outperforms the index.
As of March 2021, the fund had a five-year annualized total return of 18.31%, an expense ratio of 0.38%, assets under management (AUM) of $72.9 billion, and a three-star Morningstar rating. The fund requires a minimum investment of $3,000 It is the largest shareholder, owning 3.37% of FedEx’s outstanding common stock.
2. Dodge & Cox Stock Fund (DODGX)
The Dodge & Cox Stock fund (DODGX) is an actively managed stock fund that invests in companies that appear undervalued and have favorable long-term outlooks. Portfolio managers invest for the long-term growth of capital and income with a secondary objective of current income. The fund's returns are compared to the return of the S&P 500 Index.
As of March 2021, the fund had a five-year annualized total return of 15.62%, an expense ratio of 0.52%, AUM of $76.1 billion, a four-star Morningstar rating, and a turnover rate of 21%. The fund requires a minimum investment of $2,500. It owns the second most shares of all mutual funds, with 2.94% of FedEx’s outstanding common stock.
3. Vanguard Total Stock Mkt Index Fund (VTSMX)
The Vanguard Total Stock Mkt Idx Inv (VTSMX) is a passively managed stock index fund that invests in the common stock of U.S. companies in direct relation to their weightings in the CRSP U.S. Total Market Index. The index is composed of more than 3,700 stocks that trade on the New York Stock Exchange (NYSE) and Nasdaq. The stocks represent nearly 100% of total market capitalization.
As of March 2021, the fund had a five-year annualized total return of 16.33%, an expense ratio of 0.14%, AUM of $218.3 billion, and a turnover rate of 8%. The fund requires a minimum investment of $3,000. It currently holds 2.51% of FedEx’s outstanding common stock.
4. Vanguard 500 Index Inv (VFINX)
The Vanguard 500 Index Fund (investor class) (VFINX) is a passively managed stock index fund that tracks the S&P 500 Index.
As of March 2021, the fund had a five-year annualized total return of 15.92%, an expense ratio of 0.14%, AUM of $201.5 billion, a four-star Morningstar rating, and a turnover rate of 4%. The fund requires a minimum investment of $3,000. It owns 1.82% of FedEx's outstanding common stock.
5. Parnassus Core Equity Inv Fund (PRBLX)
Parnassus Core Equity Investor Fund (PRBLX) invests in U.S. large-cap companies with long-term competitive advantages and relevancy, quality management teams, and positive performance on ESG criteria. The fund seeks to outperform the S&P 500 Index by capturing more of the market upside than downside.
As of March 2021, the fund has a five-year annualized total return of 13.19%. PRBLX has AUM of $25.1 billion, an expense ratio of 0.86%, and a turnover of 37%, with a $2,000 minimum investment. It rounds out the top 5, holding 1.07% of all FDX outstanding shares.