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 ($185.0m this quarter). Holder counts are more reliable. Shares outstanding: 244.3m as of 2024-07-11, 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 ≈ $299.68. Options: 53 managers hold calls ($2.5bn notional), 54 hold puts ($2.9bn).
Trends to Q2 2024
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 |
| Q3 2023 | 1,678 |
| Q4 2023 | 1,745 |
| Q1 2024 | 1,752 |
| Q2 2024 | 1,792 |
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 |
| Q3 2023 | 611 | 835 |
| Q4 2023 | 744 | 735 |
| Q1 2024 | 714 | 853 |
| Q2 2024 | 715 | 811 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $2.0bn | $2.2bn | 1.08 |
| Q4 2023 | $2.0bn | $2.4bn | 1.19 |
| Q1 2024 | $2.3bn | $2.7bn | 1.15 |
| Q2 2024 | $2.5bn | $2.9bn | 1.17 |
Biggest buyers
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +1.5m |
| FMR LLC | Added | +1.3m |
| Capital International Investors | Added | +949.2k |
| JANE STREET GROUP, LLC | Added | +682.6k |
| Balyasny Asset Management L.P. | Added | +599.1k |
| AMERIPRISE FINANCIAL INC | Added | +578.4k |
| FRANKLIN RESOURCES INC | Added | +553.3k |
| GOLDMAN SACHS GROUP INC | Added | +447.1k |
| CITADEL ADVISORS LLC | Added | +280.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +253.3k |
Biggest sellers
| MORGAN STANLEY | Reduced | -6.3m |
| Point72 Asset Management, L.P. | Reduced | -766.8k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -411.0k |
| BlackRock Inc. | Reduced | -290.8k |
| JPMORGAN CHASE & CO | Reduced | -285.9k |
| Schonfeld Strategic Advisors LLC | Reduced | -238.4k |
| Ceredex Value Advisors LLC | Reduced | -150.0k |
| DEUTSCHE BANK AG\ | Reduced | -147.7k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -145.7k |
| Bank of New York Mellon Corp | Reduced | -126.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $630.0m2.1m shares |
| CITADEL ADVISORS LLC | Added | $396.6m1.3m shares |
| IMC-Chicago, LLC | Added | $162.6m542.2k shares |
| JANE STREET GROUP, LLC | Reduced | $137.4m458.4k shares |
| CMT Capital Markets Trading GmbH | Added | $123.1m410.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $111.7m372.4k shares |
| WOLVERINE TRADING, LLC | Added | $90.5m301.9k shares |
| UBS Group AG | Added | $82.5m275.0k shares |
| BARCLAYS PLC | Added | $78.3m261.3k shares |
| PEAK6 Investments LLC | Added | $66.8m222.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $586.3m2.0m shares |
| CITADEL ADVISORS LLC | Added | $404.3m1.3m shares |
| IMC-Chicago, LLC | Added | $247.4m825.0k shares |
| CMT Capital Markets Trading GmbH | Added | $233.8m779.9k shares |
| JANE STREET GROUP, LLC | Reduced | $132.1m440.6k shares |
| SIMPLEX TRADING, LLC | Added | $125.9m419.9k shares |
| UBS Group AG | Reduced | $122.5m408.5k shares |
| WOLVERINE TRADING, LLC | Added | $103.9m346.4k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $99.1m3.3k shares |
| Walleye Capital LLC | Added | $84.7m282.5k 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 2024
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 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 | — |
| Q3 2023 | 0 | — | 1 | $1.5m | — |
| Q4 2023 | 2 | $302.7k | 1 | $3.4m | — |
| Q1 2024 | 0 | — | 5 | $6.0m | — |
| Q2 2024 | 0 | — | 7 | $65.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-28 | Allen Mark R EVP GENL COUNSEL/SECTY | Sold | $23.0m77.9k shares |
| 2024-06-28 | CARTER ROBERT B EVP / Chief Info Officer | Sold | $4.7m16.0k shares |
| 2024-06-28 | WALSH PAUL S Director | Sold | $747.1k2.5k shares |
| 2024-04-09 | SMITH FREDERICK W Executive Chairman, director | Sold | $31.1m113.4k shares |
| 2024-04-08 | Brightman Tracy B EVP - Chief People Officer | Sold | $703.0k2.5k shares |
| 2024-04-05 | Subramaniam Rajesh President/CEO, director | Sold | $5.0m18.4k shares |
| 2024-04-04 | Smith Richard W Pres&CEO, Air&Intl FXE | Sold | $368.7k1.3k 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.11% of their portfolio | 19.9m $6.0bn | Reduced -13.5k |
| BlackRock Inc. 0.10% of their portfolio | 14.9m $4.5bn | Reduced -290.8k |
| Dodge & Cox 2.41% of their portfolio | 13.4m $4.0bn | Reduced -125.8k |
| PRIMECAP MANAGEMENT CO/CA/ 2.78% of their portfolio | 12.8m $3.8bn | Reduced -100.2k |
| Capital International Investors 0.60% of their portfolio | 9.8m $2.9bn | Added +949.2k |
| STATE STREET CORP 0.12% of their portfolio | 9.4m $2.8bn | Added +14.8k |
| JPMORGAN CHASE & CO 0.12% of their portfolio | 9.3m $2.8bn | Reduced -285.9k |
| FMR LLC 0.11% of their portfolio | 5.7m $1.7bn | Added +1.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.12% of their portfolio | 4.6m $1.4bn | Added +30.9k |
| FRANKLIN RESOURCES INC 0.34% of their portfolio | 3.7m $1.1bn | Added +553.3k |
| MORGAN STANLEY 0.08% of their portfolio | 3.4m $1.0bn | Reduced -6.3m |
| Invesco Ltd. 0.20% of their portfolio | 3.2m $958.4m | Reduced -24.7k |
| NORGES BANK 0.12% of their portfolio | 2.8m $835.6m | Reduced -71.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.09% of their portfolio | 2.6m $771.3m | Added +1.5m |
| Bank of New York Mellon Corp 0.14% of their portfolio | 2.5m $752.9m | Reduced -126.4k |
| AMERIPRISE FINANCIAL INC 0.18% of their portfolio | 2.2m $674.3m | Added +578.4k |
| Mawer Investment Management Ltd. 3.18% of their portfolio | 2.2m $672.5m | Reduced -15.8k |
| DIMENSIONAL FUND ADVISORS LP 0.17% of their portfolio | 2.2m $654.3m | Added +121.2k |
| NORTHERN TRUST CORP 0.11% of their portfolio | 2.2m $647.2m | Reduced -13.2k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.77% of their portfolio | 1.7m $506.2m | Added +87.5k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 1.7m $505.9m | Added +59.0k |
| Legal & General Group Plc 0.13% of their portfolio | 1.6m $471.0m | Reduced -44.1k |
| GATES FOUNDATION TRUST 0.97% of their portfolio | 1.5m $460.1m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio | 1.4m $431.3m | Added +17.7k |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 1.4m $425.2m | Added +447.1k |
| MIZUHO MARKETS AMERICAS LLC 11.10% of their portfolio | 1.3m $402.4m | Added +803 |
| LSV ASSET MANAGEMENT 0.87% of their portfolio | 1.3m $397.0m | Reduced -93.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.11% of their portfolio | 1.3m $391.3m | Added +253.3k |
| Sentry LLC 67.35% of their portfolio | 1.2m $365.6m | Added +6.7k |
| ROYAL BANK OF CANADA 0.08% of their portfolio | 1.2m $350.1m | Reduced -5.0k |
| FIL Ltd 0.27% of their portfolio | 897.7k $269.2m | Added +62.8k |
| UBS Group AG 0.08% of their portfolio | 827.5k $248.1m | Added +56.7k |
| JANE STREET GROUP, LLC 0.25% of their portfolio | 775.4k $232.5m | Added +682.6k |
| Nuveen Asset Management, LLC 0.06% of their portfolio | 735.4k $220.6m | Reduced -133 |
| MILLENNIUM MANAGEMENT LLC 0.18% of their portfolio | 710.0k $212.9m | Reduced -145.7k |
| Swiss National Bank 0.14% of their portfolio | 692.8k $207.7m | Reduced -18.1k |
| BARCLAYS PLC 0.10% of their portfolio | 690.5k $207.0m | Added +83.1k |
| WELLS FARGO & COMPANY/MN 0.05% of their portfolio | 645.9k $193.7m | Added +42.6k |
| PUBLIC INVESTMENT FUND 1.08% of their portfolio | 632.4k $189.6m | Unchanged |
| Balyasny Asset Management L.P. 0.47% of their portfolio | 605.5k $181.5m | Added +599.1k |
| BRANDES INVESTMENT PARTNERS, LP 2.20% of their portfolio | 596.8k $178.8m | Added +52.6k |
| PRUDENTIAL FINANCIAL INC 0.27% of their portfolio | 594.7k $178.3m | Reduced -62.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.12% of their portfolio | 554.4k $166.2m | Reduced -44.1k |
| APPALOOSA LP 2.67% of their portfolio | 550.0k $164.9m | Reduced -50.0k |
| Amundi 0.06% of their portfolio | 545.1k $160.1m | Reduced -42.3k |
| National Pension Service 0.18% of their portfolio | 533.6k $160.0m | Added +1.5k |
| ACR Alpine Capital Research, LLC 4.89% of their portfolio | 527.9k $158.3m | Reduced -2.9k |
| BRISTOL JOHN W & CO INC /NY/ 2.48% of their portfolio | 510.4k $153.0m | Reduced -12.0k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 6.67% of their portfolio | 510.2k $153.0m | Reduced -32.0k |
| Focused Investors LLC 4.95% of their portfolio | 508.1k $152.3m | Reduced -14.5k |
| RHUMBLINE ADVISERS 0.13% of their portfolio | 473.6k $142.0m | Reduced -1.5k |
| Allianz Asset Management GmbH 0.23% of their portfolio | 467.7k $140.2m | Reduced -103.8k |
| RAYMOND JAMES & ASSOCIATES 0.09% of their portfolio | 454.5k $136.3m | Reduced -3.1k |
| CITADEL ADVISORS LLC 0.13% of their portfolio | 450.2k $135.0m | Added +280.2k |
| Brandywine Global Investment Management, LLC 1.00% of their portfolio | 444.2k $133.2m | Added +59.8k |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 410.9k $123.1m | Added +8.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.16% of their portfolio | 409.0k $122.6m | Reduced -10.0k |
| California Public Employees Retirement System 0.09% of their portfolio | 407.8k $122.3m | Reduced -35.7k |
| APG Asset Management N.V. 0.20% of their portfolio | 394.2k $110.3m | Added +18.6k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 392.3k $117.6m | Reduced -147.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 379.8k $113.9m | Reduced -19.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.11% of their portfolio | 374.0k $112.1m | Reduced -3.8k |
| Point72 Asset Management, L.P. 0.35% of their portfolio | 361.6k $108.4m | Reduced -766.8k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.98% of their portfolio | 359.3k $107.7m | Added +51.1k |
| DAVENPORT & Co LLC 0.68% of their portfolio | 358.6k $107.2m | Reduced -2.2k |
| Clarkston Capital Partners, LLC 2.02% of their portfolio | 352.8k $105.8m | Reduced -51.3k |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 351.1k $105.3m | Added +35.2k |
| Russell Investments Group, Ltd. 0.17% of their portfolio | 347.2k $104.1m | Reduced -5.9k |
| Capital Group Private Client Services, Inc. 1.02% of their portfolio | 339.4k $101.8m | Reduced -1.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.12% of their portfolio | 337.7k $101.3m | Reduced -18.9k |
| WESTWOOD HOLDINGS GROUP INC 0.47% of their portfolio | 334.2k $100.2m | Reduced -4.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.10% of their portfolio | 322.6k $96.7m | Added +126.8k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 313.9k $94.1m | Added +36.3k |
| HighTower Advisors, LLC 0.14% of their portfolio | 312.8k $93.6m | Reduced -2.7k |
| Public Sector Pension Investment Board 0.58% of their portfolio | 307.1k $92.1m | Added +3.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.11% of their portfolio | 303.3k $91.0m | Added +25.9k |
| PARNASSUS INVESTMENTS, LLC 0.20% of their portfolio | 301.2k $90.3m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 293.4k $88.0m | Reduced -11.1k |
| Anomaly Capital Management, LP 3.33% of their portfolio | 291.8k $87.5m | Added +91.1k |
| EDGAR LOMAX CO/VA 5.66% of their portfolio | 291.5k $87.4m | Reduced -4.9k |
| ASSETMARK, INC 0.27% of their portfolio | 289.7k $86.9m | Added +4.6k |
| LPL Financial LLC 0.04% of their portfolio | 286.3k $85.8m | Added +9.2k |
| Ensign Peak Advisors, Inc 0.15% of their portfolio | 278.2k $83.4m | Reduced -42.2k |
| Artisan Partners Limited Partnership 0.12% of their portfolio | 269.0k $80.7m | Added +2.4k |
| BARTLETT & CO. WEALTH MANAGEMENT LLC 1.21% of their portfolio | 264.2k $79.6m | Reduced -105 |
| Sound Shore Management Inc /CT/ 2.63% of their portfolio | 262.9k $78.8m | Reduced -8.2k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.20% of their portfolio | 255.9k $76.7m | Added +18.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.09% of their portfolio | 255.0k $76.8m | Added +157 |
| FEDERATED HERMES, INC. 0.18% of their portfolio | 255.0k $76.5m | Reduced -8.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.16% of their portfolio | 254.4k $76.3m | Reduced -8.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 246.8k $74.0m | Reduced -11.5k |
| Canoe Financial LP 1.32% of their portfolio | 246.2k $71.3m | Unchanged |
| STRS OHIO 0.29% of their portfolio | 243.7k $73.1m | Added +10.9k |
| PANAGORA ASSET MANAGEMENT INC 0.36% of their portfolio | 240.3k $72.1m | Added +112.3k |
| STALEY CAPITAL ADVISERS INC 3.30% of their portfolio | 239.6k $71.8m | Reduced -1.4k |
| LONDON CO OF VIRGINIA 0.40% of their portfolio | 237.1k $71.1m | Reduced -11.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.14% of their portfolio | 234.1k $70.2m | Reduced -23.7k |
| EAGLE ASSET MANAGEMENT INC 0.37% of their portfolio | 231.2k $69.1m | Added +220 |
| STIFEL FINANCIAL CORP 0.08% of their portfolio | 226.5k $67.9m | Reduced -112.0k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 1.13% of their portfolio | 221.7k $66.5m | Added +439 |