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FedEx Corporation (NYSE: FDX) is famous for its express service, but the company also offers ground shipping and freight services. With 490,000 team members, FedEx moves shipments to more than 220 countries and territories around the world.
In addition to deliveries and time-sensitive express service, FedEx Offices stores are brick and mortar locations that provide services for businesses and individuals that include shipping, printing, signs, and computer rental.
For the company’s 2020 fiscal year, FedEx had an 18 million daily package volume and earned $69.20 billion in revenue.Below are the five largest mutual fund investors of FedEx equity shares, along with their five-year annualized returns and expense ratios.
| Top Mutual Fund Holders of FedEx Stock | |||
|---|---|---|---|
| Holder | Shares | Market Value | Date Reported |
| Vanguard PRIMECAP Fund Admiral Shares | 9.06 million | $2.57 billion | Mar 31, 2021 |
| Dodge & Cox Stock Fund | 7.80 million | $2.20 billion | Mar 31, 2021 |
| Vanguard Total Stock Market Index Fund Admiral Shares | 6.70 million | $1.95 billion | Apr 30, 2021 |
| Vanguard 500 Index Fund Admiral Shares | 5.00 million | $1.46 billion | Apr 30, 2021 |
| Parnassus Core Equity Fund Investor Shares | 2.84 million | $826 million | Apr 30, 2021 |
1. Vanguard PRIMECAP Fund Admiral Shares (VPMAX)
The Vanguard PRIMECAP Fund Admiral Shares (VPMAX) is a mutual fund with the largest equity holding of FedEx shares. The VPMAX owns nearly 9.06 million shares for a market value of $2.57 billion as of March 31, 2021.
Vanguard VPMAX is an actively managed stock growth fund that invests primarily in U.S. equity securities. The fund’s objective is to achieve long-term growth of principal. The fund’s benchmark is the Standard & Poor’s 500 Index (S&P 500 Index).
As of March 2021, the fund had a five-year annualized total return of 18.75%, an expense ratio of 0.38%, and assets under management (AUM) of $75.60 billion. The fund requires a minimum investment of $3,000, but the fund is currently closed to new investors as of May 30, 2021.
2. Dodge & Cox Stock Fund (DODGX)
The Dodge & Cox Stock Fund (DODGX) is the second-largest fund holder of FedEx stock, owning more than 7.80 million shares for a market value exceeding $2.20 billion as of March 31, 2021.
The Dodge & Cox Stock Fund is an actively managed stock fund that invests in undervalued companies with favorable long-term outlooks. Portfolio managers seek to earn growth of capital while generating income. The fund’s returns are compared to the return of the S&P 500 Index.
As of March 31, 2021, the fund had $81.10 billion in assets under management with a five-year annualized total return of 15.86% and an expense ratio of 0.52%. The DODGX requires a minimum investment of $2,500.
3. Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)
The Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) is the third-largest fund holder of FedEx, owning more than 6.70 million shares for a market value of $1.95 billion as of April 30, 2021.
The VTSAX is a passively managed stock index fund that invests in the common stock of U.S. companies in direct relation to their weightings in the CRSP U.S. Total Market Index. The index is composed of more than 3,700 stocks that trade on the New York Stock Exchange (NYSE) and Nasdaq.
As of April 30, 2021, the fund had a five-year annualized total return of 17.67%, an expense ratio of 0.04%, and approximately $1.20 trillion in assets under management.
Although the VTSAX requires a minimum investment of $3,000, Vanguard offers an ETF version called the Vanguard Total Stock Market ETF (VTI), which has a lower initial investment requirement of the price of one share.
4. Vanguard 500 Index Fund Admiral Shares (VFIAX)
The Vanguard 500 Index Fund Admiral Shares (VFIAX) is the fourth-largest fund shareholder of FedEx stock, owning slightly more than five million shares for a market value of $1.46 billion as of April 30, 2021.
The Vanguard 500 is a passively managed stock index fund that tracks the S&P 500 Index and has $732 billion in assets under management. The fund has a five-year annualized total return of 17.38% and an expense ratio of 0.04% as of April 30, 2021.
The VFIAX has a $3,000 minimum investment requirement. However, Vanguard offers an ETF called the Vanguard S&P 500 ETF (VOO), which only requires the price of one share as its initial investment requirement.
5. Parnassus Core Equity Fund Investor Shares (PRBLX)
Parnassus Core Equity Fund Investor Shares (PRBLX) is a mutual fund with the fifth-largest equity position in FedEx, owning more than 2.84 million shares for a market value of nearly $826 million as of April 30, 2021.
The Parnassus Core Equity fund invests in large U.S. companies with long-term competitive advantages, quality management, and a history of positive performance. The fund’s investment goal is to outperform the S&P 500 Index.
As of April 30, 2021, the PRBLX had a five-year annualized total return of 17.59%. The PRBLX has $27.10 billion in assets under management, an expense ratio of 0.86%, and a $2,000 minimum investment requirement.
