Intel Corporation (NASDAQ: INTC) is one of the world's leading producers of semiconductor chips and related components. Its products appear in data centers, computers, tablets and smartphones. The company has been a member of the Dow Jones Industrial Average (DJIA) since Nov. 1, 1999.
Intel reigns as the leader in the semiconductor industry as measured by market capitalization and annual revenues. It dominates the space in computers, desktops and notebooks but is also committed to research and development in the mobile phone market. For the 2017 calendar year, Intel generated total revenues of over $62 billion. On July 26, 2018, Intel reported Q2 earnings with record revenues of $17.0 billion, up 15% from Q2 2017. Several large mutual funds own sizable positions in Intel stock.
Vanguard Total Stock Market Index Fund (VTSMX)
The Vanguard Total Stock Market Index Fund ("VTSMX") is one of the largest mutual funds in the industry and looks to provide investors with broad market exposure across stocks of all sizes. The fund has total assets of over $701.2 billion, as of June 30, 2018. The fund's all-in-one investment strategy coupled with its ultra-low expense ratio makes it a solid core holding for many investors. The Vanguard Total Stock Market Index Fund owns close to 116.64 million shares of Intel, which represents 2.5% of the company and 0.82% of the fund's total assets, as of June 30, 2018.
Vanguard 500 Index Fund (VFINX)
The Vanguard 500 Index Fund is perhaps the greatest representative of the mutual fund industry's move toward index fund investing. Launched on Aug. 31, 1976, the fund quickly became popular among investors looking to benefit from its low-cost, index-matching strategy. The fund holds total assets of $417.7 billion as of June 30, 2018. The Vanguard 500 Index Fund owns 84.29 million shares of Intel, or 1.81% of the company, as of June 30, 2018. These shares make up 1% of the fund's total assets.
SPDR S&P 500 ETF (SPY)
The main objective of the SPDR S&P 500 ETF (SPY) is to provide results that generally correspond to the performance of the S&P 500 Index. This is achieved by investing in 500 large cap stocks that give a good idea of what the entirety of the stock market looks like. SPY is the best recognized and oldest ETF.
SPY is a four-star Morningstar-rated fund with an expense ratio of 0.09% and a turnover rate of 3.00%. SPY owns 52.58 million shares of Intel or 1.18% of the company as of July 26, 2018, making it the third-largest mutual fund holder. These shares make up 1% of the fund's total assets.
Vanguard Institutional Index Fund (VINIX)
The Vanguard Institutional Index Fund ("VINIX") is the company's S&P 500 benchmark index fund targeted to large institutional clients. It seeks to replicate the performance of the S&P 500 and often appears in large corporate portfolios and 401(k) plans. Its large $5 million minimum initial investment requirement allows Vanguard to trim the fund's expenses to rock-bottom levels. The fund has an expense ratio of just 0.04%. The fund owns 45.03 million shares of Intel or 0.97% of the company as of May, 2018. These shares account for 1% of the fund's total assets.