FEDEX CORP FDX
COM · Common Stock · CUSIP 31428X106 · ISIN US31428X1063
American multinational delivery services company
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($140.0m this quarter). Holder counts are more reliable. Shares outstanding: 251.2m as of 2023-07-13, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $247.59. Options: 57 managers hold calls ($2.0bn notional), 56 hold puts ($2.4bn).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,467 |
| Q4 2022 | 1,515 |
| Q1 2023 | 1,608 |
| Q2 2023 | 1,671 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 592 | 781 |
| Q1 2023 | 732 | 691 |
| Q2 2023 | 678 | 761 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $1.4bn | $1.8bn | 1.32 |
| Q4 2022 | $1.4bn | $2.0bn | 1.41 |
| Q1 2023 | $1.8bn | $2.6bn | 1.44 |
| Q2 2023 | $2.0bn | $2.4bn | 1.22 |
Biggest buyers
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +2.7m |
| PUTNAM INVESTMENTS LLC | Added | +2.1m |
| JPMORGAN CHASE & CO | Added | +1.7m |
| Capital International Investors | Added | +799.8k |
| MARSHALL WACE, LLP | New | +608.2k |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +519.0k |
| RENAISSANCE TECHNOLOGIES LLC | New | +438.8k |
| Ceredex Value Advisors LLC | New | +361.6k |
| WESTWOOD HOLDINGS GROUP INC | New | +358.3k |
| APPALOOSA LP | Added | +300.0k |
Biggest sellers
| FMR LLC | Reduced | -3.6m |
| Dodge & Cox | Reduced | -2.0m |
| MIZUHO MARKETS AMERICAS LLC | Sold out | -1.4m |
| Mizuho Markets Cayman LP | Sold out | -1.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -961.0k |
| Brandywine Global Investment Management, LLC | Reduced | -731.6k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -729.8k |
| CITADEL ADVISORS LLC | Reduced | -698.8k |
| SCOPUS ASSET MANAGEMENT, L.P. | Sold out | -505.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $393.7m1.6m shares |
| CITADEL ADVISORS LLC | Reduced | $251.4m1.0m shares |
| Point72 Asset Management, L.P. | New | $158.4m638.9k shares |
| IMC-Chicago, LLC | Added | $129.7m523.2k shares |
| JANE STREET GROUP, LLC | Reduced | $98.4m396.8k shares |
| Aptus Capital Advisors, LLC | New | $74.4m300.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $73.7m297.2k shares |
| WOLVERINE TRADING, LLC | Added | $60.9m243.7k shares |
| UBS Group AG | Reduced | $52.2m210.7k shares |
| Laurion Capital Management LP | Reduced | $52.2m210.6k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $507.9m2.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $452.6m1.8m shares |
| IMC-Chicago, LLC | Added | $140.9m568.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $125.1m504.6k shares |
| JANE STREET GROUP, LLC | Added | $121.0m488.3k shares |
| Eisler Capital (UK) Ltd. | Added | $116.7m470.6k shares |
| UBS Group AG | Added | $101.4m408.9k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $92.8m3.7k shares |
| WOLVERINE TRADING, LLC | Added | $71.8m287.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $57.3m231.1k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.8% |
Fell to 5% or below in the last year: DODGE & COX (4.2%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 1 | $138.5k | 1 | $767.9k | — |
| Q3 2022 | 2 | $422.2k | 4 | $11.5m | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 1 | $49.2k | 0 | — | — |
| Q2 2023 | 2 | $442.5k | 10 | $43.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-28 | CARTER ROBERT B EVP / Chief Info Officer | Sold | $4.7m19.3k shares |
| 2023-06-27 | Johnson Jennifer L CVP PRIN ACCT OFFICER | Sold | $2.6m10.8k shares |
| 2023-04-12 | GORMAN STEPHEN E Director | Bought | $249.2k1.1k shares |
| 2023-04-11 | SMITH FREDERICK W Chairman/CEO, director | Sold | $30.6m131.8k shares |
| 2023-04-11 | SCHWAB SUSAN C Director | Sold | $857.1k3.7k shares |
| 2023-04-11 | Smith Richard W President/CEO FedEx Express | Sold | $196.1k845 shares |
| 2023-04-10 | STEINER DAVID P Director | Sold | $430.1k1.9k shares |
| 2023-04-10 | Carere Brie EVP/Chief Customer Officer | Sold | $406.1k1.8k shares |
| 2023-04-06 | Subramaniam Rajesh President/CEO, director | Sold | $2.6m11.1k shares |
| 2023-04-06 | WALSH PAUL S Director | Sold | $867.0k3.7k shares |
| 2023-04-06 | MARTIN R BRAD Director | Sold | $430.8k1.8k shares |
| 2023-04-06 | LANE AMY B Director | Bought | $193.3k830 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.11% of their portfolio | 18.7m $4.6bn | Reduced -65.9k |
| BlackRock Inc. 0.11% of their portfolio | 16.2m $4.0bn | Added +103.4k |
| Dodge & Cox 2.46% of their portfolio | 14.9m $3.7bn | Reduced -2.0m |
| PRIMECAP MANAGEMENT CO/CA/ 2.73% of their portfolio | 13.2m $3.3bn | Reduced -386.0k |
| STATE STREET CORP 0.12% of their portfolio | 9.3m $2.3bn | Reduced -3.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.12% of their portfolio | 4.2m $1.0bn | Added +60.2k |
| JPMORGAN CHASE & CO 0.10% of their portfolio | 3.4m $844.5m | Added +1.7m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 1.25% of their portfolio | 3.2m $798.8m | Added +2.7m |
| MORGAN STANLEY 0.08% of their portfolio | 3.2m $794.0m | Added +105.1k |
| FMR LLC 0.07% of their portfolio | 3.1m $780.2m | Reduced -3.6m |
| Invesco Ltd. 0.17% of their portfolio | 2.6m $655.5m | Added +157 |
| Bank of New York Mellon Corp 0.14% of their portfolio | 2.6m $643.4m | Reduced -88.9k |
| NORGES BANK 0.13% of their portfolio | 2.6m $636.1m | Added +93.3k |
| NORTHERN TRUST CORP 0.11% of their portfolio | 2.3m $569.2m | Reduced -91.0k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 2.09% of their portfolio | 2.3m $561.8m | Reduced -291.4k |
| PUTNAM INVESTMENTS LLC 0.77% of their portfolio | 2.1m $525.6m | Added +2.1m |
| DIMENSIONAL FUND ADVISORS LP 0.16% of their portfolio | 2.0m $498.9m | Added +39.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.07% of their portfolio | 2.0m $489.3m | Reduced -1.3m |
| Capital International Investors 0.10% of their portfolio | 1.7m $428.6m | Added +799.8k |
| Legal & General Group Plc 0.13% of their portfolio | 1.6m $396.2m | Added +72.0k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 1.6m $393.6m | Reduced -151.0k |
| GATES FOUNDATION TRUST 0.90% of their portfolio | 1.5m $380.4m | Unchanged |
| Mawer Investment Management Ltd. 1.98% of their portfolio | 1.5m $377.8m | Reduced -13.2k |
| LSV ASSET MANAGEMENT 0.83% of their portfolio | 1.5m $377.2m | Added +15.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.37% of their portfolio | 1.4m $355.4m | Added +519.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.10% of their portfolio | 1.4m $340.5m | Reduced -1.7k |
| CITADEL ADVISORS LLC 0.37% of their portfolio | 1.3m $333.7m | Reduced -698.8k |
| Sentry LLC 65.41% of their portfolio | 1.2m $300.7m | Reduced -200 |
| ROYAL BANK OF CANADA 0.08% of their portfolio | 1.2m $300.3m | Added +67.7k |
| PUBLIC INVESTMENT FUND 0.72% of their portfolio | 1.1m $279.5m | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.31% of their portfolio | 1.0m $255.2m | Reduced -961.0k |
| ACR Alpine Capital Research, LLC 9.38% of their portfolio | 1.0m $248.7m | Reduced -4.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.11% of their portfolio | 977.0k $223.2m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 939.4k $232.9m | Added +50.0k |
| MILLENNIUM MANAGEMENT LLC 0.24% of their portfolio | 907.5k $225.0m | Reduced -729.8k |
| FIL Ltd 0.24% of their portfolio | 874.2k $216.7m | Reduced -92.5k |
| Swiss National Bank 0.15% of their portfolio | 862.5k $213.8m | Reduced -118.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 1.19% of their portfolio | 830.8k $206.0m | Reduced -32.7k |
| Point72 Asset Management, L.P. 0.64% of their portfolio | 744.8k $184.6m | Added +49.2k |
| WELLS FARGO & COMPANY/MN 0.05% of their portfolio | 697.6k $172.9m | Reduced -23.5k |
| Nuveen Asset Management, LLC 0.06% of their portfolio | 696.7k $172.7m | Reduced -1.6k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 5.78% of their portfolio | 660.5k $163.7m | Added +8.2k |
| APPALOOSA LP 2.99% of their portfolio | 650.0k $161.1m | Added +300.0k |
| PRUDENTIAL FINANCIAL INC 0.23% of their portfolio | 638.0k $158.2m | Reduced -86.8k |
| UBS Group AG 0.07% of their portfolio | 617.4k $153.1m | Added +38.7k |
| Balyasny Asset Management L.P. 0.43% of their portfolio | 616.7k $152.9m | Reduced -422.2k |
| MARSHALL WACE, LLP 0.33% of their portfolio | 608.2k $150.8m | New |
| Amundi 0.07% of their portfolio | 598.2k $148.1m | Reduced -406.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.11% of their portfolio | 581.5k $144.1m | Reduced -105.1k |
| Clarkston Capital Partners, LLC 2.54% of their portfolio | 568.9k $141.0m | Reduced -630 |
| Focused Investors LLC 4.70% of their portfolio | 565.6k $140.2m | Reduced -2.7k |
| BRISTOL JOHN W & CO INC /NY/ 2.59% of their portfolio | 552.4k $136.9m | Reduced -4.3k |
| Artisan Partners Limited Partnership 0.22% of their portfolio | 540.7k $134.0m | Reduced -18.2k |
| BARCLAYS PLC 0.08% of their portfolio | 516.3k $128.0m | Added +270.1k |
| National Pension Service 0.20% of their portfolio | 493.0k $123.2m | Added +77.2k |
| HighTower Advisors, LLC 0.24% of their portfolio | 486.2k $120.5m | Reduced -744 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.15% of their portfolio | 485.4k $120.3m | Reduced -18.4k |
| Russell Investments Group, Ltd. 0.23% of their portfolio | 478.4k $118.6m | Reduced -67.9k |
| RHUMBLINE ADVISERS 0.13% of their portfolio | 474.7k $117.7m | Reduced -2.8k |
| BRANDES INVESTMENT PARTNERS, LP 2.30% of their portfolio | 461.0k $114.3m | Reduced -6.2k |
| PARNASSUS INVESTMENTS, LLC 0.26% of their portfolio | 459.7k $114.0m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.16% of their portfolio | 438.8k $108.8m | New |
| RAYMOND JAMES & ASSOCIATES 0.09% of their portfolio | 437.2k $108.4m | Added +58.9k |
| California Public Employees Retirement System 0.09% of their portfolio | 428.5k $106.2m | Reduced -35.5k |
| Brandywine Global Investment Management, LLC 0.87% of their portfolio | 420.2k $104.2m | Reduced -731.6k |
| Ensign Peak Advisors, Inc 0.21% of their portfolio | 419.3k $103.9m | Reduced -4.4k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 412.4k $102.3m | Added +16.6k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 412.3k $102.2m | Added +68.6k |
| PENSIOENFONDS RAIL & OV 3.76% of their portfolio | 405.5k $101.0m | Unchanged |
| EDGAR LOMAX CO/VA 6.59% of their portfolio | 403.8k $100.1m | Reduced -6.4k |
| JANE STREET GROUP, LLC 0.14% of their portfolio | 401.2k $99.4m | Reduced -97.2k |
| Canoe Financial LP 2.06% of their portfolio | 396.1k $98.2m | Added +50.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.14% of their portfolio | 391.1k $96.9m | Reduced -16.0k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 384.1k $95.2m | Added +5.8k |
| FEDERATED HERMES, INC. 0.24% of their portfolio | 383.0k $95.0m | Added +26.3k |
| CREDIT SUISSE AG/ 0.09% of their portfolio | 370.9k $91.9m | Reduced -21.7k |
| Ceredex Value Advisors LLC 1.44% of their portfolio | 361.6k $89.6m | New |
| WESTWOOD HOLDINGS GROUP INC 0.80% of their portfolio | 358.3k $88.8m | New |
| INTECH INVESTMENT MANAGEMENT LLC 0.89% of their portfolio | 349.9k $86.7m | Added +162.1k |
| HSBC HOLDINGS PLC 0.09% of their portfolio | 345.7k $85.8m | Added +38.4k |
| APG Asset Management N.V. 0.16% of their portfolio | 343.9k $78.2m | Reduced -10.7k |
| EAGLE ASSET MANAGEMENT INC 0.47% of their portfolio | 341.4k $84.6m | Added +278.7k |
| Public Sector Pension Investment Board 0.59% of their portfolio | 330.4k $81.9m | Added +81.3k |
| Schonfeld Strategic Advisors LLC 0.70% of their portfolio | 326.8k $81.0m | Reduced -118.8k |
| STIFEL FINANCIAL CORP 0.11% of their portfolio | 324.7k $80.5m | Added +5.3k |
| Sound Shore Management Inc /CT/ 2.97% of their portfolio | 324.6k $80.5m | Added +44.6k |
| STRS OHIO 0.33% of their portfolio | 313.7k $77.8m | Reduced -493.2k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 1.30% of their portfolio | 310.8k $77.0m | Added +251.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.12% of their portfolio | 307.5k $76.2m | Reduced -289.8k |
| TORONTO DOMINION BANK 0.06% of their portfolio | 305.9k $75.8m | Added +182.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.10% of their portfolio | 304.3k $75.9m | Added +72.7k |
| OPPENHEIMER ASSET MANAGEMENT INC. 1.10% of their portfolio | 301.1k $74.6m | Reduced -35.2k |
| Value Partners Investments Inc. 5.58% of their portfolio | 280.2k $69.4m | Reduced -76.0k |
| THOMPSON SIEGEL & WALMSLEY LLC 1.08% of their portfolio | 273.9k $67.9m | Reduced -10.3k |
| EQUITY INVESTMENT CORP 2.08% of their portfolio | 271.4k $67.3m | Reduced -20.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.15% of their portfolio | 266.7k $66.1m | Added +8.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.14% of their portfolio | 265.2k $65.7m | Added +12.4k |
| Twin Tree Management, LP 1.35% of their portfolio | 265.1k $65.7m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 263.2k $65.2m | Reduced -320.1k |
| LPL Financial LLC 0.05% of their portfolio | 262.9k $65.2m | Added +1.6k |