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 ($518.8m this quarter). Holder counts are more reliable. Shares outstanding: 4.2bn as of 2024-06-30, 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 ≈ $41.28. Options: 64 managers hold calls ($1.7bn notional), 56 hold puts ($1.4bn).
Trends to Q2 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 |
| Q2 2024 | 2,896 |
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 |
| Q2 2024 | 1,385 | 1,346 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $1.4bn | $1.3bn | 0.97 |
| Q4 2023 | $2.0bn | $1.8bn | 0.91 |
| Q1 2024 | $2.1bn | $1.7bn | 0.81 |
| Q2 2024 | $1.7bn | $1.4bn | 0.82 |
Biggest buyers
| BlackRock Inc. | Added | +7.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +7.3m |
| Amundi | Added | +6.0m |
| Allianz Asset Management GmbH | Added | +3.0m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +2.9m |
| VANGUARD GROUP INC | Added | +2.8m |
| NORGES BANK | Added | +2.1m |
| BANK OF MONTREAL /CAN/ | Added | +2.0m |
| Point72 Asset Management, L.P. | Added | +1.9m |
| Capital Wealth Planning, LLC | Added | +1.9m |
Biggest sellers
| MORGAN STANLEY | Reduced | -159.5m |
| BANK OF AMERICA CORP /DE/ | Reduced | -7.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -7.1m |
| STATE OF MICHIGAN RETIREMENT SYSTEM | Reduced | -5.9m |
| Holocene Advisors, LP | Sold out | -5.3m |
| CITADEL ADVISORS LLC | Reduced | -4.8m |
| BARCLAYS PLC | Reduced | -4.8m |
| Balyasny Asset Management L.P. | Reduced | -3.8m |
| Capital Research Global Investors | Reduced | -3.5m |
| LONDON CO OF VIRGINIA | Reduced | -2.6m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $382.6m9.3m shares |
| CITADEL ADVISORS LLC | Reduced | $210.4m5.1m shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $135.1m3.3m shares |
| UBS Group AG | Reduced | $107.8m2.6m shares |
| Twin Tree Management, LP | Reduced | $84.6m2.1m shares |
| SIMPLEX TRADING, LLC | Added | $79.2m1.9m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $61.9m1.5m shares |
| JANE STREET GROUP, LLC | Reduced | $60.7m1.5m shares |
| Walleye Trading LLC | Added | $51.0m1.2m shares |
| JPMORGAN CHASE & CO | Reduced | $42.7m1.0m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $298.8m7.2m shares |
| CITADEL ADVISORS LLC | Reduced | $171.0m4.1m shares |
| Caption Management, LLC | Added | $99.0m2.4m shares |
| Qube Research & Technologies Ltd | Added | $85.6m2.1m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $65.4m1.6m shares |
| SIMPLEX TRADING, LLC | Reduced | $60.3m1.5m shares |
| UBS Group AG | Reduced | $51.8m1.3m shares |
| Eisler Capital (UK) Ltd. | Added | $45.8m1.1m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $44.5m1.1m shares |
| CLEAR STREET LLC | New | $41.2m1.0m 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 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 | 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 | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.28% of their portfolio | 354.0m $14.6bn | Added +2.8m |
| BlackRock Inc. 0.33% of their portfolio | 348.9m $14.4bn | Added +7.4m |
| STATE STREET CORP 0.33% of their portfolio | 185.4m $7.6bn | Added +721.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.75% of their portfolio | 95.3m $3.9bn | Reduced -370.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.34% of their portfolio | 93.7m $3.9bn | Added +2.9m |
| MORGAN STANLEY 0.24% of their portfolio | 75.7m $3.1bn | Reduced -159.5m |
| JPMORGAN CHASE & CO 0.12% of their portfolio | 66.2m $2.7bn | Reduced -2.1m |
| NORGES BANK 0.34% of their portfolio | 55.5m $2.3bn | Added +2.1m |
| NORTHERN TRUST CORP 0.29% of their portfolio | 41.9m $1.7bn | Added +1.1m |
| DIMENSIONAL FUND ADVISORS LP 0.38% of their portfolio | 35.6m $1.5bn | Added +535.3k |
| BANK OF AMERICA CORP /DE/ 0.14% of their portfolio | 35.4m $1.5bn | Reduced -7.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.41% of their portfolio | 34.4m $1.4bn | Added +7.3m |
| Legal & General Group Plc 0.35% of their portfolio | 29.8m $1.2bn | Reduced -257.2k |
| FMR LLC 0.08% of their portfolio | 28.5m $1.2bn | Added +1.3m |
| Bank of New York Mellon Corp 0.22% of their portfolio | 28.1m $1.2bn | Reduced -454.5k |
| Invesco Ltd. 0.23% of their portfolio | 26.6m $1.1bn | Added +230.2k |
| Amundi 0.40% of their portfolio | 25.4m $1.0bn | Added +6.0m |
| ROYAL BANK OF CANADA 0.25% of their portfolio | 24.9m $1.0bn | Reduced -853.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.87% of their portfolio | 24.1m $993.4m | Added +1.6m |
| Capital World Investors 0.15% of their portfolio | 22.8m $939.2m | Added +974.0k |
| Capital Research Global Investors 0.17% of their portfolio | 19.1m $786.4m | Reduced -3.5m |
| GOLDMAN SACHS GROUP INC 0.15% of their portfolio | 18.1m $746.5m | Added +1.4m |
| UBS Group AG 0.23% of their portfolio | 17.9m $737.1m | Added +1.2m |
| PARNASSUS INVESTMENTS, LLC 1.59% of their portfolio | 17.7m $728.2m | Reduced -174.2k |
| RAYMOND JAMES & ASSOCIATES 0.45% of their portfolio | 16.5m $678.7m | Added +104.4k |
| AMERIPRISE FINANCIAL INC 0.18% of their portfolio | 16.1m $665.6m | Reduced -1.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.08% of their portfolio | 15.9m $657.1m | Reduced -7.1m |
| Nuveen Asset Management, LLC 0.19% of their portfolio | 15.5m $638.7m | Reduced -364.2k |
| FEDERATED HERMES, INC. 1.48% of their portfolio | 15.1m $624.0m | Reduced -602.4k |
| DEUTSCHE BANK AG\ 0.28% of their portfolio | 14.8m $610.5m | Added +544.9k |
| WELLS FARGO & COMPANY/MN 0.16% of their portfolio | 14.7m $605.3m | Reduced -322.1k |
| California Public Employees Retirement System 0.42% of their portfolio | 13.9m $572.4m | Reduced -1.8m |
| LSV ASSET MANAGEMENT 1.21% of their portfolio | 13.4m $550.9m | Reduced -132.5k |
| AMERICAN CENTURY COMPANIES INC 0.33% of their portfolio | 13.1m $541.4m | Added +936.8k |
| BANK OF MONTREAL /CAN/ 0.21% of their portfolio | 13.0m $701.3m | Added +2.0m |
| Swiss National Bank 0.35% of their portfolio | 12.4m $513.4m | Reduced -142.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.50% of their portfolio | 12.2m $505.0m | Reduced -72.1k |
| HSBC HOLDINGS PLC 0.31% of their portfolio | 11.5m $477.0m | Reduced -592.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.16% of their portfolio | 11.3m $464.4m | Added +528.3k |
| BARCLAYS PLC 0.21% of their portfolio | 11.2m $460.9m | Reduced -4.8m |
| FIRST TRUST ADVISORS LP 0.47% of their portfolio | 11.1m $459.5m | Added +283.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.31% of their portfolio | 10.1m $418.0m | Reduced -811.7k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.36% of their portfolio | 9.7m $400.5m | Unchanged |
| FRANKLIN RESOURCES INC 0.12% of their portfolio | 9.5m $390.1m | Added +80.0k |
| Caisse de depot et placement du Quebec 0.93% of their portfolio | 9.3m $381.6m | Added +861.9k |
| MACQUARIE GROUP LTD 0.43% of their portfolio | 9.1m $377.1m | Reduced -340.0k |
| Allianz Asset Management GmbH 0.58% of their portfolio | 8.7m $358.4m | Added +3.0m |
| NORDEA INVESTMENT MANAGEMENT AB 0.41% of their portfolio | 8.5m $352.3m | Reduced -1.6m |
| RHUMBLINE ADVISERS 0.32% of their portfolio | 8.3m $344.1m | Reduced -362.5k |
| National Pension Service 0.38% of their portfolio | 8.0m $331.5m | Added +130.6k |
| APG Asset Management N.V. 0.50% of their portfolio | 7.3m $280.9m | Reduced -96.7k |
| DekaBank Deutsche Girozentrale 0.53% of their portfolio | 7.2m $295.8m | Added +668.8k |
| LPL Financial LLC 0.14% of their portfolio | 7.0m $289.9m | Added +299.4k |
| Capital Wealth Planning, LLC 3.01% of their portfolio | 7.0m $287.6m | Added +1.9m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.35% of their portfolio | 6.9m $284.4m | Reduced -8.6k |
| Raymond James Financial Services Advisors, Inc. 0.39% of their portfolio | 6.6m $272.6m | Reduced -29.8k |
| STIFEL FINANCIAL CORP 0.29% of their portfolio | 6.2m $256.4m | Added +117.0k |
| PNC Financial Services Group, Inc. 0.16% of their portfolio | 6.0m $247.7m | Reduced -170.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.32% of their portfolio | 6.0m $246.3m | Reduced -76.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.27% of their portfolio | 6.0m $246.1m | Added +196.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.26% of their portfolio | 5.9m $244.2m | Added +743.3k |
| CITIGROUP INC 0.23% of their portfolio | 5.8m $241.0m | Added +795.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.29% of their portfolio | 5.8m $237.9m | Added +629.5k |
| ALLIANCEBERNSTEIN L.P. 0.08% of their portfolio | 5.6m $229.9m | Reduced -349.6k |
| PRUDENTIAL FINANCIAL INC 0.33% of their portfolio | 5.4m $223.1m | Reduced -791.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.21% of their portfolio | 5.2m $215.4m | Added +1.0m |
| Swedbank AB 0.28% of their portfolio | 5.1m $211.8m | Reduced -830.4k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 3.58% of their portfolio | 5.1m $210.7m | Added +27.5k |
| Aberdeen Group plc 0.40% of their portfolio | 5.1m $208.5m | Reduced -51.4k |
| HighTower Advisors, LLC 0.31% of their portfolio | 4.9m $202.2m | Added +39.2k |
| CANADA LIFE ASSURANCE Co 0.38% of their portfolio | 4.8m $199.7m | Added +309.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.12% of their portfolio | 4.8m $199.0m | Reduced -67.2k |
| NEUBERGER BERMAN GROUP LLC 0.16% of their portfolio | 4.8m $196.2m | Reduced -688.3k |
| Third Point LLC 2.21% of their portfolio | 4.7m $192.8m | Unchanged |
| MAIRS & POWER INC 1.83% of their portfolio | 4.6m $189.4m | Added +588.2k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.30% of their portfolio | 4.6m $189.1m | Reduced -32.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.45% of their portfolio | 4.6m $188.5m | Reduced -230.5k |
| TD Asset Management Inc 0.18% of their portfolio | 4.6m $187.9m | Reduced -86.8k |
| BESSEMER GROUP INC 0.33% of their portfolio | 4.6m $187.8m | Added +622.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.17% of their portfolio | 4.5m $185.6m | Reduced -42.4k |
| Chevy Chase Trust Holdings, LLC 0.59% of their portfolio | 4.5m $184.2m | Reduced -60.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.36% of their portfolio | 4.4m $181.6m | Reduced -428.5k |
| Korea Investment CORP 0.43% of their portfolio | 4.2m $171.6m | Reduced -452.0k |
| Thrivent Financial for Lutherans 0.34% of their portfolio | 4.1m $170.2m | Reduced -24.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.35% of their portfolio | 4.1m $167.9m | Reduced -197.2k |
| EQUITY INVESTMENT CORP 4.23% of their portfolio | 4.0m $165.4m | Added +64.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.30% of their portfolio | 4.0m $163.4m | Reduced -164.2k |
| CITADEL ADVISORS LLC 0.16% of their portfolio | 3.9m $162.1m | Reduced -4.8m |
| Mawer Investment Management Ltd. 0.76% of their portfolio | 3.9m $161.2m | Reduced -92.3k |
| Robeco Institutional Asset Management B.V. 0.34% of their portfolio | 3.9m $159.9m | Added +1.4m |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 3.5m $146.0m | Reduced -2.6m |
| Ensign Peak Advisors, Inc 0.26% of their portfolio | 3.5m $143.4m | Added +393.6k |
| JANUS HENDERSON GROUP PLC 0.08% of their portfolio | 3.4m $142.2m | Reduced -7.9k |
| MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio | 3.4m $139.4m | Added +457.5k |
| STOREBRAND ASSET MANAGEMENT AS 0.45% of their portfolio | 3.3m $136.9m | Added +54.0k |
| AQR CAPITAL MANAGEMENT LLC 0.21% of their portfolio | 3.3m $134.5m | Reduced -45.1k |
| NATIONAL BANK OF CANADA /FI/ 0.21% of their portfolio | 3.2m $132.0m | Reduced -73.3k |
| BANK OF NOVA SCOTIA 0.25% of their portfolio | 3.1m $126.3m | Reduced -385.2k |
| AVIVA PLC 0.34% of their portfolio | 3.0m $123.0m | Added +629.1k |
| Mirae Asset Global Investments Co., Ltd. 0.60% of their portfolio | 3.0m $121.3m | Reduced -144.4k |