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 ($461.5m this quarter). Holder counts are more reliable. Shares outstanding: 4.2bn as of 2024-03-31, 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 ≈ $41.93. Options: 64 managers hold calls ($2.1bn notional), 59 hold puts ($1.7bn).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,764 |
| Q4 2022 | 2,847 |
| Q1 2023 | 2,838 |
| Q2 2023 | 2,772 |
| Q3 2023 | 2,617 |
| Q4 2023 | 2,833 |
| Q1 2024 | 2,870 |
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 | 1,116 | 1,556 |
| Q1 2023 | 1,577 | 1,151 |
| Q2 2023 | 1,230 | 1,488 |
| Q3 2023 | 1,127 | 1,549 |
| Q4 2023 | 1,092 | 1,523 |
| Q1 2024 | 1,406 | 1,349 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $1.6bn | $1.1bn | 0.70 |
| Q3 2023 | $1.4bn | $1.3bn | 0.97 |
| Q4 2023 | $2.0bn | $1.8bn | 0.91 |
| Q1 2024 | $2.1bn | $1.7bn | 0.81 |
Biggest buyers
| MORGAN STANLEY | Added | +77.4m |
| PARNASSUS INVESTMENTS, LLC | Added | +12.6m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +10.0m |
| CITADEL ADVISORS LLC | Added | +6.2m |
| BANK OF AMERICA CORP /DE/ | Added | +5.5m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +4.6m |
| BARCLAYS PLC | Added | +4.1m |
| Balyasny Asset Management L.P. | Added | +3.8m |
| DekaBank Deutsche Girozentrale | Added | +3.5m |
| NORGES BANK | Added | +3.5m |
Biggest sellers
| BlackRock Inc. | Reduced | -6.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -4.3m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -3.6m |
| JANE STREET GROUP, LLC | Reduced | -3.1m |
| COMERICA BANK | Reduced | -2.8m |
| KBC Group NV | Reduced | -2.7m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -2.6m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -2.4m |
| AXA S.A. | Reduced | -2.3m |
| Nuveen Asset Management, LLC | Reduced | -2.2m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $523.9m12.5m shares |
| CITADEL ADVISORS LLC | Added | $254.0m6.1m shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $142.1m3.4m shares |
| Twin Tree Management, LP | Reduced | $121.5m2.9m shares |
| UBS Group AG | Reduced | $116.3m2.8m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $108.1m2.6m shares |
| Squarepoint Ops LLC | Reduced | $81.2m1.9m shares |
| JANE STREET GROUP, LLC | Added | $79.3m1.9m shares |
| SIMPLEX TRADING, LLC | Added | $78.1m1.9m shares |
| D. E. Shaw & Co., Inc. | Reduced | $50.5m1.2m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $342.0m8.2m shares |
| CITADEL ADVISORS LLC | Reduced | $192.3m4.6m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $110.2m2.6m shares |
| Caption Management, LLC | Unchanged | $100.7m2.4m shares |
| SIMPLEX TRADING, LLC | Added | $88.3m2.1m shares |
| Qube Research & Technologies Ltd | Added | $80.8m1.9m shares |
| Squarepoint Ops LLC | Reduced | $70.7m1.7m shares |
| UBS Group AG | Reduced | $56.6m1.3m shares |
| CITIGROUP INC | Reduced | $50.4m1.2m shares |
| D. E. Shaw & Co., Inc. | Reduced | $47.2m1.1m 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 Q1 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 |
|---|---|---|---|---|---|
| Q2 2022 | 0 | — | 2 | $1.4m | — |
| Q3 2022 | 0 | — | 1 | $80.1k | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 2 | $895.4k | — |
| Q2 2023 | 0 | — | 2 | $406.3k | — |
| Q3 2023 | 0 | — | 1 | $418.0k | — |
| Q4 2023 | 0 | — | 1 | $1.0m | — |
| Q1 2024 | 0 | — | 1 | $1.6m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-02-22 | Malady Kyle EVP and Group CEO-VZ Business | Sold | $979.2k24.0k shares |
| 2024-02-15 | Malady Kyle EVP and Group CEO-VZ Business | Sold | $605.0k15.0k 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, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.29% of their portfolio | 351.3m $14.7bn | Added +1.2m |
| BlackRock Inc. 0.33% of their portfolio | 341.5m $14.3bn | Reduced -6.7m |
| MORGAN STANLEY 0.26% of their portfolio | 235.1m $9.9bn | Added +77.4m |
| STATE STREET CORP 0.35% of their portfolio | 184.6m $7.7bn | Added +1.4m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.92% of their portfolio | 95.7m $4.0bn | Added +2.7m |
| GEODE CAPITAL MANAGEMENT, LLC 0.35% of their portfolio | 90.9m $3.8bn | Added +4.6m |
| JPMORGAN CHASE & CO 0.13% of their portfolio | 68.4m $2.9bn | Added +1.8m |
| NORGES BANK 0.35% of their portfolio | 53.4m $2.2bn | Added +3.5m |
| BANK OF AMERICA CORP /DE/ 0.18% of their portfolio | 43.1m $1.8bn | Added +5.5m |
| NORTHERN TRUST CORP 0.30% of their portfolio | 40.8m $1.7bn | Reduced -1.4m |
| DIMENSIONAL FUND ADVISORS LP 0.40% of their portfolio | 35.0m $1.5bn | Reduced -480.2k |
| Legal & General Group Plc 0.36% of their portfolio | 30.1m $1.3bn | Reduced -246.9k |
| Bank of New York Mellon Corp 0.23% of their portfolio | 28.6m $1.2bn | Reduced -2.2m |
| FMR LLC 0.08% of their portfolio | 27.3m $1.1bn | Reduced -1.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.40% of their portfolio | 27.1m $1.1bn | Added +61.5k |
| Invesco Ltd. 0.24% of their portfolio | 26.4m $1.1bn | Added +1.1m |
| ROYAL BANK OF CANADA 0.26% of their portfolio | 25.7m $1.1bn | Added +161.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.12% of their portfolio | 23.1m $967.7m | Reduced -4.3m |
| Capital Research Global Investors 0.21% of their portfolio | 22.6m $948.5m | Added +4.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.87% of their portfolio | 22.5m $945.2m | Reduced -2.6m |
| Capital World Investors 0.15% of their portfolio | 21.8m $914.7m | Reduced -1.3k |
| Amundi 0.34% of their portfolio | 19.5m $782.6m | Reduced -353.7k |
| PARNASSUS INVESTMENTS, LLC 1.60% of their portfolio | 17.8m $748.3m | Added +12.6m |
| AMERIPRISE FINANCIAL INC 0.20% of their portfolio | 17.1m $719.6m | Reduced -558.4k |
| GOLDMAN SACHS GROUP INC 0.15% of their portfolio | 16.7m $698.9m | Reduced -1.9m |
| UBS Group AG 0.23% of their portfolio | 16.6m $698.4m | Added +2.9m |
| RAYMOND JAMES & ASSOCIATES 0.47% of their portfolio | 16.4m $686.2m | Added +1.8m |
| BARCLAYS PLC 0.30% of their portfolio | 15.9m $668.3m | Added +4.1m |
| Nuveen Asset Management, LLC 0.20% of their portfolio | 15.9m $665.1m | Reduced -2.2m |
| FEDERATED HERMES, INC. 1.52% of their portfolio | 15.7m $660.2m | Added +30.2k |
| California Public Employees Retirement System 0.46% of their portfolio | 15.6m $656.6m | Reduced -1.9m |
| WELLS FARGO & COMPANY/MN 0.17% of their portfolio | 15.0m $629.4m | Added +161.9k |
| DEUTSCHE BANK AG\ 0.28% of their portfolio | 14.3m $598.3m | Reduced -285.4k |
| LSV ASSET MANAGEMENT 1.17% of their portfolio | 13.5m $566.0m | Reduced -397.1k |
| Swiss National Bank 0.37% of their portfolio | 12.6m $528.3m | Reduced -555.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.51% of their portfolio | 12.3m $516.8m | Added +10.0m |
| AMERICAN CENTURY COMPANIES INC 0.32% of their portfolio | 12.2m $511.5m | Reduced -296.0k |
| HSBC HOLDINGS PLC 0.36% of their portfolio | 12.1m $509.4m | Added +1.2m |
| BANK OF MONTREAL /CAN/ 0.19% of their portfolio | 11.0m $591.4m | Added +1.4m |
| Sumitomo Mitsui Trust Group, Inc. 0.32% of their portfolio | 10.9m $459.4m | Added +56.2k |
| FIRST TRUST ADVISORS LP 0.46% of their portfolio | 10.9m $455.6m | Reduced -178.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.17% of their portfolio | 10.7m $450.3m | Added +1.1m |
| NORDEA INVESTMENT MANAGEMENT AB 0.50% of their portfolio | 10.1m $421.2m | Reduced -411.6k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.37% of their portfolio | 9.7m $407.4m | Unchanged |
| MACQUARIE GROUP LTD 0.45% of their portfolio | 9.5m $397.9m | Reduced -352.9k |
| FRANKLIN RESOURCES INC 0.12% of their portfolio | 9.4m $393.5m | Reduced -244.9k |
| RHUMBLINE ADVISERS 0.35% of their portfolio | 8.7m $365.3m | Reduced -142.9k |
| CITADEL ADVISORS LLC 0.35% of their portfolio | 8.7m $365.0m | Added +6.2m |
| CREDIT SUISSE AG/ 0.35% of their portfolio | 8.6m $360.6m | Reduced -518.8k |
| Caisse de depot et placement du Quebec 0.85% of their portfolio | 8.4m $352.1m | Added +30.4k |
| STATE OF MICHIGAN RETIREMENT SYSTEM 1.85% of their portfolio | 8.2m $344.7m | Added +900 |
| National Pension Service 0.40% of their portfolio | 7.9m $331.8m | Added +100.6k |
| APG Asset Management N.V. 0.50% of their portfolio | 7.4m $287.4m | Added +1.3m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.37% of their portfolio | 6.9m $289.8m | Added +55.9k |
| LPL Financial LLC 0.15% of their portfolio | 6.7m $282.4m | Added +166.1k |
| Raymond James Financial Services Advisors, Inc. 0.41% of their portfolio | 6.6m $278.6m | Added +164.3k |
| DekaBank Deutsche Girozentrale 0.51% of their portfolio | 6.6m $273.5m | Added +3.5m |
| PRUDENTIAL FINANCIAL INC 0.37% of their portfolio | 6.2m $260.2m | Added +512.4k |
| PNC Financial Services Group, Inc. 0.18% of their portfolio | 6.2m $259.1m | Reduced -57.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio | 6.1m $256.0m | Reduced -1.4m |
| STIFEL FINANCIAL CORP 0.29% of their portfolio | 6.1m $256.0m | Added +684.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.34% of their portfolio | 6.0m $253.8m | Reduced -129.5k |
| Swedbank AB 0.35% of their portfolio | 6.0m $250.3m | Added +44.1k |
| ALLIANCEBERNSTEIN L.P. 0.09% of their portfolio | 5.9m $248.6m | Reduced -372.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.28% of their portfolio | 5.8m $242.1m | Added +847.7k |
| Allianz Asset Management GmbH 0.41% of their portfolio | 5.7m $240.8m | Reduced -1.0m |
| NEUBERGER BERMAN GROUP LLC 0.19% of their portfolio | 5.4m $228.5m | Reduced -920.3k |
| Holocene Advisors, LP 0.83% of their portfolio | 5.3m $223.4m | Added +1.5m |
| BNP PARIBAS FINANCIAL MARKETS 0.27% of their portfolio | 5.2m $217.3m | Added +902.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.30% of their portfolio | 5.1m $215.7m | Added +829.3k |
| Aberdeen Group plc 0.42% of their portfolio | 5.1m $214.3m | Added +160.1k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 3.56% of their portfolio | 5.1m $213.3m | Reduced -124.5k |
| Capital Wealth Planning, LLC 2.27% of their portfolio | 5.1m $212.2m | Added +116.0k |
| CITIGROUP INC 0.23% of their portfolio | 5.0m $211.8m | Added +574.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.12% of their portfolio | 4.9m $205.3m | Added +66.1k |
| HighTower Advisors, LLC 0.33% of their portfolio | 4.9m $204.2m | Added +162.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.44% of their portfolio | 4.8m $187.9m | Added +179.2k |
| Mitsubishi UFJ Trust & Banking Corp 0.46% of their portfolio | 4.8m $202.0m | Reduced -12.1k |
| Third Point LLC 2.46% of their portfolio | 4.7m $193.0m | Unchanged |
| TD Asset Management Inc 0.18% of their portfolio | 4.6m $194.8m | Reduced -354.9k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.32% of their portfolio | 4.6m $193.8m | Added +2.1k |
| Korea Investment CORP 0.49% of their portfolio | 4.6m $193.5m | Reduced -300.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.18% of their portfolio | 4.5m $190.6m | Reduced -484.5k |
| Chevy Chase Trust Holdings, LLC 0.62% of their portfolio | 4.5m $190.0m | Added +308.0k |
| CANADA LIFE ASSURANCE Co 0.38% of their portfolio | 4.5m $190.1m | Added +43.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.37% of their portfolio | 4.3m $179.1m | Reduced -307.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.18% of their portfolio | 4.2m $176.0m | Added +969.8k |
| Thrivent Financial for Lutherans 0.35% of their portfolio | 4.2m $174.3m | Reduced -689.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.33% of their portfolio | 4.1m $173.2m | Added +143.2k |
| MAIRS & POWER INC 1.63% of their portfolio | 4.0m $168.0m | Added +618.4k |
| Mawer Investment Management Ltd. 0.78% of their portfolio | 4.0m $167.8m | Added +19.5k |
| EQUITY INVESTMENT CORP 4.14% of their portfolio | 3.9m $165.6m | Added +270.0k |
| BESSEMER GROUP INC 0.30% of their portfolio | 3.9m $164.9m | Added +459.2k |
| Balyasny Asset Management L.P. 0.41% of their portfolio | 3.8m $161.5m | Added +3.8m |
| LONDON CO OF VIRGINIA 0.84% of their portfolio | 3.8m $159.8m | Reduced -14.6k |
| JANUS HENDERSON GROUP PLC 0.08% of their portfolio | 3.5m $144.9m | Added +1.1m |
| BANK OF NOVA SCOTIA 0.29% of their portfolio | 3.4m $144.6m | Reduced -97.8k |
| SG Americas Securities, LLC 0.73% of their portfolio | 3.4m $142.2m | Added +3.0m |
| AQR CAPITAL MANAGEMENT LLC 0.24% of their portfolio | 3.3m $138.1m | Reduced -1.4m |
| STOREBRAND ASSET MANAGEMENT AS 0.47% of their portfolio | 3.3m $137.0m | Reduced -91.4k |