VERIZON COMMUNICATIONS INC VZ
COM · Common Stock · CUSIP 92343V104 · ISIN US92343V1044
American broadband and telecommunications company
- SectorCommunication
- IndustryTelephone Communications (No Radiotelephone)
- HeadquartersNew York, NY
- Founded1983
- Websiteverizon.net
- FilingsSEC EDGAR
* 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 ($382.6m this quarter). Holder counts are more reliable. Shares outstanding: 4.2bn as of 2023-01-31, 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 ≈ $39.40. Options: 62 managers hold calls ($1.5bn notional), 41 hold puts ($1.4bn).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,764 |
| Q4 2022 | 2,847 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $1.4bn | $1.2bn | 0.86 |
| Q4 2022 | $1.5bn | $1.4bn | 0.92 |
Biggest buyers
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +34.6m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +12.2m |
| MORGAN STANLEY | Added | +12.0m |
| BlackRock Inc. | Added | +11.8m |
| STATE STREET CORP | Added | +10.3m |
| NORGES BANK | Added | +8.1m |
| VANGUARD GROUP INC | Added | +5.1m |
| FIRST TRUST ADVISORS LP | Added | +4.5m |
| MARSHALL WACE, LLP | Added | +3.5m |
| Squarepoint Ops LLC | New | +3.0m |
Biggest sellers
| Capital World Investors | Reduced | -33.6m |
| PARNASSUS INVESTMENTS, LLC | Reduced | -13.1m |
| FMR LLC | Reduced | -12.5m |
| BANK OF AMERICA CORP /DE/ | Reduced | -8.9m |
| Capital International Investors | Sold out | -6.2m |
| JPMORGAN CHASE & CO | Reduced | -5.1m |
| Bank of New York Mellon Corp | Reduced | -4.9m |
| CITADEL ADVISORS LLC | Reduced | -3.7m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -2.7m |
| California Public Employees Retirement System | Reduced | -2.5m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $329.8m8.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $257.5m6.5m shares |
| UBS Group AG | Added | $119.4m3.0m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $119.1m3.0m shares |
| D. E. Shaw & Co., Inc. | Added | $99.0m2.5m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $75.2m1.9m shares |
| Parallax Volatility Advisers, L.P. | Added | $54.2m1.4m shares |
| BANK OF AMERICA CORP /DE/ | Added | $49.2m1.2m shares |
| SIMPLEX TRADING, LLC | Reduced | $47.2m1.2m shares |
| JANE STREET GROUP, LLC | Reduced | $42.8m1.1m shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $398.8m10.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $267.6m6.8m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $137.3m3.5m shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $90.9m23.1k shares |
| D. E. Shaw & Co., Inc. | Added | $79.7m2.0m shares |
| UBS Group AG | Added | $77.8m2.0m shares |
| BANK OF AMERICA CORP /DE/ | Added | $54.2m1.4m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $41.9m1.1m shares |
| CITIGROUP INC | Reduced | $31.3m794.1k shares |
| BARCLAYS PLC | First filing | $25.8m654.3k 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 2026-04-30 | 7.2% |
| STATE STREET CORP 13G · institution new · filed 2025-11-10 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2022
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 |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $247.6k | — |
| Q1 2022 | 1 | $998.5k | 1 | $84.9k | — |
| Q2 2022 | 0 | — | 2 | $1.4m | — |
| Q3 2022 | 0 | — | 1 | $80.1k | — |
| Q4 2022 | 0 | — | 0 | — | — |
None reported in Q4 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.38% of their portfolio | 354.6m $14.0bn | Added +5.1m |
| BlackRock Inc. 0.41% of their portfolio | 331.0m $13.0bn | Added +11.8m |
| STATE STREET CORP 0.41% of their portfolio | 175.4m $6.9bn | Added +10.3m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.08% of their portfolio | 85.9m $3.4bn | Added +12.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.44% of their portfolio | 79.7m $3.1bn | Added +562.7k |
| MORGAN STANLEY 0.30% of their portfolio | 68.0m $2.7bn | Added +12.0m |
| BANK OF AMERICA CORP /DE/ 0.31% of their portfolio | 62.1m $2.4bn | Reduced -8.9m |
| JPMORGAN CHASE & CO 0.27% of their portfolio | 48.2m $1.9bn | Reduced -5.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.30% of their portfolio | 48.1m $1.9bn | Added +34.6m |
| NORTHERN TRUST CORP 0.39% of their portfolio | 47.1m $1.9bn | Added +105.4k |
| NORGES BANK 0.44% of their portfolio | 46.4m $1.8bn | Added +8.1m |
| DIMENSIONAL FUND ADVISORS LP 0.53% of their portfolio | 38.4m $1.5bn | Added +2.0m |
| FMR LLC 0.14% of their portfolio | 35.5m $1.4bn | Reduced -12.5m |
| Bank of New York Mellon Corp 0.31% of their portfolio | 34.4m $1.4bn | Reduced -4.9m |
| Legal & General Group Plc 0.44% of their portfolio | 29.3m $1.2bn | Reduced -1.4m |
| Capital Research Global Investors 0.34% of their portfolio | 28.9m $1.1bn | Added +1.0m |
| Invesco Ltd. 0.31% of their portfolio | 27.0m $1.1bn | Reduced -1.6m |
| AMERIPRISE FINANCIAL INC 0.35% of their portfolio | 26.0m $1.0bn | Reduced -651.4k |
| California Public Employees Retirement System 0.83% of their portfolio | 24.6m $970.0m | Reduced -2.5m |
| ROYAL BANK OF CANADA 0.29% of their portfolio | 24.3m $957.6m | Added +1.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.46% of their portfolio | 22.4m $880.9m | Added +1.7m |
| WELLS FARGO & COMPANY/MN 0.26% of their portfolio | 21.2m $833.3m | Reduced -2.1m |
| DEUTSCHE BANK AG\ 0.40% of their portfolio | 17.6m $693.9m | Reduced -2.1m |
| Nuveen Asset Management, LLC 0.26% of their portfolio | 17.3m $681.0m | Added +563.5k |
| Swiss National Bank 0.48% of their portfolio | 17.1m $672.5m | Reduced -1.1m |
| AMERICAN CENTURY COMPANIES INC 0.51% of their portfolio | 15.9m $628.2m | Added +207.5k |
| FEDERATED HERMES, INC. 1.71% of their portfolio | 15.7m $618.3m | Added +1.5m |
| LSV ASSET MANAGEMENT 1.30% of their portfolio | 15.0m $591.0m | Reduced -501.9k |
| RAYMOND JAMES & ASSOCIATES 0.53% of their portfolio | 14.7m $580.4m | Reduced -1.1m |
| GOLDMAN SACHS GROUP INC 0.16% of their portfolio | 14.1m $556.1m | Added +1.1m |
| NORDEA INVESTMENT MANAGEMENT AB 0.86% of their portfolio | 14.0m $553.3m | Added +786.2k |
| FIRST TRUST ADVISORS LP 0.65% of their portfolio | 13.9m $549.5m | Added +4.5m |
| UBS Group AG 0.26% of their portfolio | 13.6m $536.1m | Reduced -1.1m |
| Sumitomo Mitsui Trust Group, Inc. 0.41% of their portfolio | 13.1m $514.3m | Reduced -113.8k |
| MACQUARIE GROUP LTD 0.54% of their portfolio | 11.6m $456.0m | Added +268.8k |
| Amundi 0.26% of their portfolio | 11.5m $473.7m | Reduced -1.1m |
| FRANKLIN RESOURCES INC 0.23% of their portfolio | 11.4m $450.9m | Reduced -1.5m |
| PRINCIPAL FINANCIAL GROUP INC 0.34% of their portfolio | 11.4m $449.4m | Reduced -101.2k |
| HSBC HOLDINGS PLC 0.53% of their portfolio | 10.9m $429.1m | Added +2.1m |
| WELLINGTON MANAGEMENT GROUP LLP 0.08% of their portfolio | 9.9m $391.9m | Reduced -335.6k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.40% of their portfolio | 9.7m $382.6m | Unchanged |
| CREDIT SUISSE AG/ 0.38% of their portfolio | 8.9m $352.1m | Added +24.9k |
| BARCLAYS PLC 0.30% of their portfolio | 8.9m $350.7m | First filing |
| Capital World Investors 0.07% of their portfolio | 8.5m $335.6m | Reduced -33.6m |
| RHUMBLINE ADVISERS 0.44% of their portfolio | 8.2m $323.6m | Added +296.3k |
| STATE OF MICHIGAN RETIREMENT SYSTEM 2.23% of their portfolio | 8.1m $319.6m | Added +1.0m |
| NEW YORK STATE COMMON RETIREMENT FUND 0.41% of their portfolio | 7.6m $299.2m | Added +113.4k |
| PNC Financial Services Group, Inc. 0.28% of their portfolio | 7.5m $295.0m | Reduced -173.8k |
| BANK OF MONTREAL /CAN/ 0.19% of their portfolio | 7.3m $394.2m | Reduced -1.2m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.45% of their portfolio | 7.3m $285.8m | Added +114.8k |
| Clearbridge Investments, LLC 0.28% of their portfolio | 7.2m $282.1m | Reduced -765.3k |
| National Pension Service 0.53% of their portfolio | 6.9m $271.4m | Added +212.4k |
| Allianz Asset Management GmbH 0.60% of their portfolio | 6.9m $270.2m | Added +613.0k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 1.21% of their portfolio | 6.8m $267.0m | Added +1.7m |
| MARSHALL WACE, LLP 0.67% of their portfolio | 6.6m $260.8m | Added +3.5m |
| LONDON CO OF VIRGINIA 1.52% of their portfolio | 6.5m $257.3m | Reduced -223.5k |
| ALLIANCEBERNSTEIN L.P. 0.12% of their portfolio | 6.5m $255.7m | Reduced -168.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio | 6.2m $245.4m | Reduced -551.9k |
| STIFEL FINANCIAL CORP 0.36% of their portfolio | 6.1m $239.8m | Reduced -479.0k |
| PRUDENTIAL FINANCIAL INC 0.39% of their portfolio | 5.8m $230.4m | Reduced -1.2m |
| AQR CAPITAL MANAGEMENT LLC 0.52% of their portfolio | 5.8m $229.0m | Added +2.7m |
| Raymond James Financial Services Advisors, Inc. 0.46% of their portfolio | 5.8m $227.9m | Reduced -347.3k |
| CITIGROUP INC 0.31% of their portfolio | 5.5m $217.9m | Reduced -1.1m |
| Ensign Peak Advisors, Inc 0.49% of their portfolio | 5.5m $217.6m | Reduced -947.6k |
| PICTET ASSET MANAGEMENT SA 0.28% of their portfolio | 5.5m $196.4m | Reduced -185.9k |
| Korea Investment CORP 0.67% of their portfolio | 5.4m $212.8m | Added +207.5k |
| Robeco Institutional Asset Management B.V. 0.60% of their portfolio | 5.3m $208.2m | Reduced -166.4k |
| Swedbank AB 0.46% of their portfolio | 5.3m $208.1m | Added +711.0k |
| LPL Financial LLC 0.18% of their portfolio | 5.3m $207.0m | Added +324.3k |
| TD Asset Management Inc 0.25% of their portfolio | 5.1m $202.8m | Added +1.6m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.31% of their portfolio | 5.0m $197.4m | Added +1.8m |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.48% of their portfolio | 4.9m $194.4m | Added +14.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.47% of their portfolio | 4.9m $191.7m | Added +78.1k |
| CANADA LIFE ASSURANCE Co 0.49% of their portfolio | 4.7m $185.9m | Reduced -99.3k |
| Aberdeen Group plc 0.50% of their portfolio | 4.6m $182.2m | Added +242.3k |
| Mitsubishi UFJ Trust & Banking Corp 0.46% of their portfolio | 4.5m $177.6m | Added +298.6k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.40% of their portfolio | 4.3m $168.3m | Added +4.0k |
| APG Asset Management N.V. 0.32% of their portfolio | 4.3m $168.0m | Added +496.4k |
| BESSEMER GROUP INC 0.39% of their portfolio | 4.1m $160.9m | Added +172.8k |
| DekaBank Deutsche Girozentrale 0.42% of their portfolio | 4.0m $157.8m | Reduced -70.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.38% of their portfolio | 4.0m $157.5m | Added +117.9k |
| Chevy Chase Trust Holdings, LLC 0.65% of their portfolio | 3.9m $153.1m | Reduced -998.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.83% of their portfolio | 3.8m $149.7m | Added +2.7m |
| TWO SIGMA INVESTMENTS, LP 0.48% of their portfolio | 3.8m $148.1m | Added +1.2m |
| Thrivent Financial for Lutherans 0.37% of their portfolio | 3.6m $142.9m | Reduced -38.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.09% of their portfolio | 3.6m $140.9m | Reduced -1.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.16% of their portfolio | 3.6m $140.3m | Reduced -663.4k |
| PARNASSUS INVESTMENTS, LLC 0.34% of their portfolio | 3.5m $138.7m | Reduced -13.1m |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.72% of their portfolio | 3.4m $135.5m | Added +156.8k |
| ARIEL INVESTMENTS, LLC 1.35% of their portfolio | 3.4m $133.3m | Added +1.5m |
| US BANCORP \DE\ 0.23% of their portfolio | 3.4m $132.3m | Added +405.8k |
| Russell Investments Group, Ltd. 0.27% of their portfolio | 3.3m $131.1m | Reduced -31.6k |
| TRUIST FINANCIAL CORP 0.23% of their portfolio | 3.3m $130.8m | Reduced -507.2k |
| OSAIC HOLDINGS, INC. 0.26% of their portfolio | 3.3m $129.8m | Added +299.9k |
| J.P. Morgan Private Wealth Advisors LLC 0.28% of their portfolio | 3.2m $126.1m | Reduced -57.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.32% of their portfolio | 3.2m $126.1m | Added +596.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.24% of their portfolio | 3.1m $123.5m | Added +1.2m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.34% of their portfolio | 3.1m $125.6m | Added +358.8k |
| Allspring Global Investments Holdings, LLC 0.21% of their portfolio | 3.1m $123.2m | Reduced -52.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.22% of their portfolio | 3.1m $121.6m | Reduced -1.7m |