Qualcomm Inc. (QCOM) is an American multinational semiconductor and telecommunications equipment company based in San Diego, California. The company designs and distributes wireless telecommunications products globally. In October 2016, Qualcomm made a move to expand overseas by announcing a bid for the Dutch semiconductor company NXP Semiconductors S.V. (NXPI). Two years later, in July 2018, the $44 billion bid to acquire NXP was dissolved after it failed to gain regulatory approval in China.
Qualcomm reported Q4 2020 earnings on November 4, 2020. The telecommunications giant reported $8.3 billion in revenues this quarter, compared to $4.8 billion over the same period last year.
Here are the four largest mutual fund holders of Qualcomm.
Vanguard Total Stock Market Index Fund (VTSMX)
The Vanguard Total Stock Market Index Fund was launched in 1992 to give investors broad exposure to the entire U.S. equity market. The fund is a subsidiary of the Vanguard Equity Investment Group and has been managed by Gerard C. O'Reilly since December 1994. As of November 2020, the fund has about 32 million shares of Qualcomm, or about 2.83%, making it the company's single-largest mutual fund holder.
VTSMX has $937.6 billion in total assets, a three-year annualized return of 9.94%, and an expense ratio of 0.14%.
Vanguard 500 Index Fund (VFINX)
The Vanguard 500 Index Fund (VFINX) was launched in 1976 with the express goal of providing investors exposure to the 500 largest U.S. companies. The fund is a subsidiary of the Vanguard Equity Investment Group and has been managed by Donald M. Butler since 2016. As of November 2020, the fund is Qualcomm's second-largest mutual fund holder with 23.34 million shares, or 2.06%, of the company.
VTSMX has $573.0 billion in total assets, a three-year annualized return of 10.28%, and an expense ratio of 0.14%.
American Funds Investment Company of America Fund (AIVSX)
The American Funds Investment Company of America Funds (AIVSX) is one of the nation's oldest and largest mutual funds, originally created to invest in well-established blue chip companies. The fund is a subsidiary of Capital Group and has been managed by James Lovelace since March 1992. As of November 2018, the fund holds 16.29 million shares of Qualcomm, or about 1.11% of the company, making it the third-largest mutual fund holder on record.
AIVSX has $90.8 billion in total assets, a three-year annualized return of 10.51%, and an expense ratio of 0.58%.
SPDR S&P 500 ETF (SPY)
Launched in 1993, the SPDR S&P 500 ETF (SPY) seeks to track the S&P 500 as accurately as possible, providing results that correspond to the performance of the S&P 500. The fund is automated and therefore does not have a fund manager. As of November 2020, the fund owns 11.9 million shares, or 1.05%, of Qualcomm.
SPY has $309.3 billion in total assets and an expense ratio of 0.09%.