McDonald's Corporation (MCD) has more than 38,000 restaurant locations globally in 119 countries, with 93% owned and operated by franchisees. The company announced its second-quarter 2020 results on July 28, 2020, reporting $3.76 billion in revenue—a 30% decrease over the $5.41 billion it reported in Q2 2019. Here are the four largest mutual fund holders of McDonald's.

1. The Vanguard Total Stock Market Index Fund (VTSMX)

The largest mutual fund holder of McDonald's, Vanguard Total Stock Market Index Fund (VTSMX), owns 20.8 million shares of McDonald's, or 2.8% of the company. 

This mutual fund is designed to give broad exposure to the total U.S. stock market by including small-cap, mid-cap, and large-cap growth and value stocks. The fund has $937.6 billion in net assets invested across 3,534 stocks, with McDonald's making up 0.5% of the company's total portfolio.

The fund is closed to new investors, but the Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) are available with a minimum investment of $3,000. 

2. The Vanguard 500 Index Fund Investor Shares (VFINX)

The Vanguard 500 Index Fund (VFINX) owns 15.25 million shares of McDonald's. The fund is invested in 508 stocks covering a diversified spectrum of the largest U.S. companies, mirroring the S&P 500 index.

The total net assets are $537 billion, with 0.63% of the fund's total portfolio invested in McDonald's. VFINX's 15.25 million MCD shares represent 2% of the company.

The fund is closed to new investors, but the Vanguard 500 Index Fund Admiral Shares (VFIAX) are available with a minimum investment of $3,000.

3. The Vanguard Wellington Fund Investor Shares (VWELX)

The Vanguard Wellington Fund Investor Shares (VWELX) is a $107 billion mutual fund that owns 58 stocks. It owns 11 million shares of McDonald's, which is roughly 1.3% of the company. Its McDonald's position makes up roughly 1.9% of the fund's net assets. This fund is Vanguard's oldest mutual fund, investing roughly two-thirds of its assets in stocks and the other third in bonds.

4. The Vanguard Dividend Growth Fund (VDIGX)

The fourth-largest mutual fund holder of McDonald's is the Vanguard Dividend Growth Fund (VDIGX). This mutual fund is invested in just 40 stocks. VDIGX owns 8.4 million shares of McDonald's, or about 1.1% of the company, as of October 2020. McDonald's stock makes up 3.6%% of the fund's $43.6 billion in net assets. Over the last five years, the VDIGX has an annualized return of 13.09%.

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

The SPDR S&P 500 ETF (SPY) is famed for being the first-ever exchange traded fund and tracks the S&P 500 just like VFINX. SPDR's net assets amount to $301.4 billion, with 0.59% of its portfolio invested in McDonald's stock. As of October 2020, SPY owns 7.8 million shares of McDonald's or 1.05% of the company.