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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  2. AT&T. "AT&T Reports Fourth-Quarter and Full-Year Results." Accessed Feb 1, 2022.

  3. Vanguard. "Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX), Portfolio Holdings." Accessed Feb. 1, 2022.

  4. Vanguard. "Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)." Accessed Feb. 1, 2022.

  5. Vanguard. "Vanguard Total Stock Market ETF (VTI)." Accessed Feb. 1 ,2022.

  6. Vanguard. "Vanguard 500 Index Fund Admiral Shares (VFIAX), Portfolio Holdings." Accessed Feb. 1, 2022.

  7. Vanguard. "Vanguard 500 Index Fund Admiral Shares (VFIAX)." Accessed May 16, 2021.

  8. Vanguard. "Vanguard S&P 500 ETF (VOO)." Accessed Feb. 1, 2022.

  9. State Street Global Advisors. "SPDR® S&P 500® ETF Trust." Accessed Feb. 1, 2022.

  10. Fidelity. "Fidelity 500 Index Fund." Accessed Feb. 1, 2022.

  11. Yahoo Finance. "AT&T (T)." Accessed Feb. 1, 2022.

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