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 ($230.4m this quarter). Holder counts are more reliable. Shares outstanding: 235.9m as of 2025-07-17, 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 ≈ $227.27. Options: 48 managers hold calls ($1.3bn notional), 49 hold puts ($1.6bn).
Trends to Q2 2025
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 |
| Q3 2024 | 1,730 |
| Q4 2024 | 1,832 |
| Q1 2025 | 1,734 |
| Q2 2025 | 1,701 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 611 | 835 |
| Q4 2023 | 744 | 735 |
| Q1 2024 | 714 | 853 |
| Q2 2024 | 715 | 811 |
| Q3 2024 | 705 | 832 |
| Q4 2024 | 682 | 768 |
| Q1 2025 | 658 | 921 |
| Q2 2025 | 719 | 832 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $2.0bn | $2.5bn | 1.24 |
| Q4 2024 | $2.1bn | $2.9bn | 1.38 |
| Q1 2025 | $1.5bn | $1.8bn | 1.19 |
| Q2 2025 | $1.3bn | $1.6bn | 1.22 |
Biggest buyers
| BlackRock, Inc. | Added | +1.1m |
| FMR LLC | Added | +912.3k |
| AQR CAPITAL MANAGEMENT LLC | Added | +896.3k |
| Squarepoint Ops LLC | Added | +747.6k |
| UBS Group AG | Added | +731.8k |
| ROYAL BANK OF CANADA | Added | +699.5k |
| Dodge & Cox | Added | +649.4k |
| Qube Research & Technologies Ltd | New | +570.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +553.6k |
| JPMORGAN CHASE & CO | Added | +548.7k |
Biggest sellers
| Mawer Investment Management Ltd. | Sold out | -2.3m |
| Capital International Investors | Reduced | -2.1m |
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -1.8m |
| PUBLIC INVESTMENT FUND | Sold out | -498.2k |
| MIZUHO MARKETS AMERICAS LLC | Reduced | -392.0k |
| CITADEL ADVISORS LLC | Reduced | -336.7k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -294.3k |
| SG Americas Securities, LLC | Reduced | -278.7k |
| Balyasny Asset Management L.P. | Reduced | -251.1k |
| Brandywine Global Investment Management, LLC | Reduced | -246.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $266.4m1.2m shares |
| CITADEL ADVISORS LLC | Reduced | $234.6m1.0m shares |
| JANE STREET GROUP, LLC | Added | $123.5m543.3k shares |
| IMC-Chicago, LLC | Added | $111.5m490.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $48.7m212.7k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $39.8m175.2k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $34.4m1.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $34.4m151.2k shares |
| PEAK6 LLC | Added | $33.5m147.4k shares |
| Walleye Trading LLC | Added | $32.4m142.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $405.9m1.8m shares |
| CITADEL ADVISORS LLC | Added | $275.9m1.2m shares |
| IMC-Chicago, LLC | Added | $117.7m517.9k shares |
| JANE STREET GROUP, LLC | Added | $75.5m332.2k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $68.9m3.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $62.9m276.9k shares |
| UBS Group AG | Reduced | $58.7m258.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $55.5m242.4k shares |
| SIMPLEX TRADING, LLC | Added | $45.2m199.0k shares |
| PEAK6 LLC | Added | $43.8m192.6k 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 2025
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 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 | — |
| Q3 2024 | 0 | — | 5 | $4.4m | — |
| Q4 2024 | 1 | $91.9k | 0 | — | — |
| Q1 2025 | 1 | $274.0k | 4 | $4.5m | — |
| Q2 2025 | 0 | — | 1 | $25.1m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-04-11 | SMITH FREDERICK W Executive Chairman, director | Sold | $25.1m123.8k 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.08% of their portfolio | 20.7m $4.7bn | Added +211.2k |
| BlackRock, Inc. 0.08% of their portfolio | 17.5m $4.0bn | Added +1.1m |
| Dodge & Cox 1.85% of their portfolio | 14.5m $3.3bn | Added +649.4k |
| PRIMECAP MANAGEMENT CO/CA/ 1.82% of their portfolio | 10.1m $2.3bn | Reduced -1.8m |
| STATE STREET CORP 0.08% of their portfolio | 9.3m $2.1bn | Reduced -61.3k |
| Capital International Investors 0.29% of their portfolio | 7.5m $1.7bn | Reduced -2.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 4.9m $1.1bn | Added +28.4k |
| FRANKLIN RESOURCES INC 0.27% of their portfolio | 4.5m $1.0bn | Added +94.1k |
| Invesco Ltd. 0.14% of their portfolio | 3.5m $798.0m | Added +245.5k |
| MORGAN STANLEY 0.05% of their portfolio | 3.3m $757.5m | Reduced -58.3k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 3.3m $748.9m | Added +548.7k |
| NORGES BANK 0.08% of their portfolio | 2.7m $605.5m | Added +4.1k |
| GATES FOUNDATION TRUST 1.21% of their portfolio | 2.5m $576.1m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.13% of their portfolio | 2.5m $557.4m | Added +288.5k |
| FMR LLC 0.03% of their portfolio | 2.4m $549.1m | Added +912.3k |
| NORTHERN TRUST CORP 0.07% of their portfolio | 2.3m $515.2m | Reduced -35.8k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.56% of their portfolio | 2.1m $480.2m | Added +81.8k |
| Bank of New York Mellon Corp 0.09% of their portfolio | 2.1m $470.6m | Reduced -6.6k |
| UBS Group AG 0.09% of their portfolio | 1.8m $418.6m | Added +731.8k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 1.7m $383.8m | Added +699.5k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 1.7m $381.6m | Reduced -165.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 1.6m $364.9m | Added +270.4k |
| ACR Alpine Capital Research, LLC 6.49% of their portfolio | 1.6m $362.5m | Added +9.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio | 1.6m $352.7m | Added +45.6k |
| Legal & General Group Plc 0.08% of their portfolio | 1.4m $325.8m | Reduced -66.1k |
| Sentry LLC 61.72% of their portfolio | 1.4m $309.7m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.07% of their portfolio | 1.3m $302.1m | Added +10.9k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 1.3m $302.3m | Added +274.0k |
| Nuveen, LLC 0.08% of their portfolio | 1.3m $295.8m | Added +10.4k |
| LSV ASSET MANAGEMENT 0.61% of their portfolio | 1.1m $259.9m | Reduced -48.6k |
| AQR CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 1.0m $230.9m | Added +896.3k |
| Squarepoint Ops LLC 0.40% of their portfolio | 807.9k $183.7m | Added +747.6k |
| BARCLAYS PLC 0.07% of their portfolio | 796.0k $180.9m | Added +81.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.13% of their portfolio | 795.5k $180.8m | Added +553.6k |
| Amundi 0.06% of their portfolio | 786.3k $188.0m | Added +486.2k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.89% of their portfolio | 784.8k $178.4m | Added +182.9k |
| Swiss National Bank 0.09% of their portfolio | 688.8k $156.6m | Added +43.4k |
| BRANDES INVESTMENT PARTNERS, LP 1.35% of their portfolio | 658.8k $149.8m | Added +61.3k |
| National Pension Service 0.12% of their portfolio | 609.8k $138.6m | Added +22.4k |
| RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio | 597.9k $135.9m | Added +17.6k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 592.3k $134.6m | Reduced -6.2k |
| MARSHALL WACE, LLP 0.15% of their portfolio | 572.0k $130.0m | Added +483.6k |
| Qube Research & Technologies Ltd 0.18% of their portfolio | 570.5k $129.7m | New |
| MIZUHO MARKETS AMERICAS LLC 4.03% of their portfolio | 537.3k $122.1m | Reduced -392.0k |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 531.6k $120.8m | Added +77.6k |
| FIL Ltd 0.10% of their portfolio | 524.0k $119.1m | Reduced -24.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 522.1k $118.7m | Reduced -163.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 520.9k $118.4m | Reduced -24.8k |
| Allianz Asset Management GmbH 0.16% of their portfolio | 518.8k $117.9m | Added +169.3k |
| Point72 Asset Management, L.P. 0.27% of their portfolio | 511.0k $116.2m | Reduced -102.0k |
| MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio | 501.3k $114.0m | Reduced -147.3k |
| PRUDENTIAL FINANCIAL INC 0.14% of their portfolio | 490.9k $111.6m | Reduced -76.6k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 487.5k $110.8m | Added +14.6k |
| HSBC HOLDINGS PLC 0.07% of their portfolio | 484.8k $110.4m | Added +40.0k |
| BRISTOL JOHN W & CO INC /NY/ 1.78% of their portfolio | 484.2k $110.1m | Reduced -1.5k |
| Focused Investors LLC 3.52% of their portfolio | 473.3k $107.6m | Reduced -10.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 467.4k $106.2m | Reduced -16.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.08% of their portfolio | 426.4k $96.9m | Added +27.1k |
| RHUMBLINE ADVISERS 0.08% of their portfolio | 410.9k $93.4m | Reduced -11.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio | 408.8k $92.9m | Added +56.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.12% of their portfolio | 406.0k $92.3m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.13% of their portfolio | 384.4k $87.4m | Added +311.3k |
| LPL Financial LLC 0.03% of their portfolio | 384.4k $87.4m | Added +19.6k |
| PARNASSUS INVESTMENTS, LLC 0.20% of their portfolio | 384.2k $87.3m | Added +14.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 381.3k $86.7m | Added +32.3k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 4.35% of their portfolio | 379.5k $86.3m | Reduced -9.2k |
| California Public Employees Retirement System 0.05% of their portfolio | 374.8k $85.2m | Added +13.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.11% of their portfolio | 372.5k $84.7m | Added +24.2k |
| Clarkston Capital Partners, LLC 1.64% of their portfolio | 340.2k $77.3m | Reduced -2.2k |
| HighTower Advisors, LLC 0.09% of their portfolio | 328.7k $74.7m | Added +30.9k |
| Russell Investments Group, Ltd. 0.10% of their portfolio | 328.5k $74.7m | Reduced -43.3k |
| KBC Group NV 0.20% of their portfolio | 318.3k $72.3m | Added +6.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 301.4k $68.5m | Added +28.8k |
| ASSETMARK, INC 0.16% of their portfolio | 298.4k $67.8m | Reduced -1.0k |
| CITIGROUP INC 0.04% of their portfolio | 285.4k $64.9m | Added +56.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio | 275.0k $62.5m | Reduced -294.3k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.94% of their portfolio | 272.2k $61.9m | Added +65.8k |
| JANE STREET GROUP, LLC 0.10% of their portfolio | 268.9k $61.1m | Added +134.6k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.68% of their portfolio | 262.1k $59.6m | Added +51.3k |
| DAVENPORT & Co LLC 0.33% of their portfolio | 261.6k $59.6m | Reduced -14.4k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 253.5k $57.6m | Reduced -20.3k |
| EDGAR LOMAX CO/VA 3.63% of their portfolio | 252.2k $57.3m | Reduced -4.0k |
| Brandywine Global Investment Management, LLC 0.39% of their portfolio | 246.7k $56.1m | Reduced -246.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 244.4k $55.6m | Reduced -11.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 240.5k $54.7m | Reduced -105.2k |
| COMPASS CAPITAL MANAGEMENT, INC 2.91% of their portfolio | 238.7k $54.3m | Added +17.6k |
| STALEY CAPITAL ADVISERS INC 2.26% of their portfolio | 233.6k $53.1m | Reduced -16.9k |
| Aberdeen Group plc 0.09% of their portfolio | 229.3k $52.1m | Added +37.7k |
| STIFEL FINANCIAL CORP 0.05% of their portfolio | 221.4k $50.3m | Reduced -7.2k |
| LONDON CO OF VIRGINIA 0.28% of their portfolio | 220.0k $50.0m | Reduced -4.1k |
| CANADA LIFE ASSURANCE Co 0.08% of their portfolio | 219.6k $50.0m | Reduced -9.0k |
| Cubist Systematic Strategies, LLC 0.54% of their portfolio | 218.3k $49.6m | Added +215.3k |
| Mitsubishi UFJ Trust & Banking Corp 0.11% of their portfolio | 216.1k $49.1m | Added +29.2k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 215.3k $48.9m | Reduced -50.6k |
| Markel Group Inc. 0.41% of their portfolio | 213.0k $48.4m | Unchanged |
| LETKO, BROSSEAU & ASSOCIATES INC 0.91% of their portfolio | 209.0k $47.5m | Added +13.7k |
| NATIONAL BANK OF CANADA /FI/ 0.05% of their portfolio | 207.8k $47.2m | Reduced -26.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio | 205.5k $46.7m | Reduced -5.3k |
| Focus Partners Wealth 0.10% of their portfolio | 204.4k $46.5m | Added +12.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.10% of their portfolio | 202.3k $46.0m | Added +160 |