Top 5 Largest Owners of Verizon (2022)

Verizon, is an American multinational telecommunications company based in New York City. The company is incorporated in Delaware, but has its administrative headquarters in NYC.

As of the end of the fourth quarter of 2020, Verizon’s mobile network had 120.9 million users, making it the largest wireless provider in the country.

But, who owns Verizon? Today that’s exactly what we’re going to discuss in this article.

Top 5 Owners of Verizon

NumberOwnerOwnership(%)Shares Owned
1.The Vanguard Group7.82%328,225,901
2.BlackRock4.94%207,453,094
3.State Street3.90%163,729,827
4.Geode Capital Management1.85%77,788,479
5. Charles Schwab1.52%63,777,570

1. The Vanguard Group – Largest Owner of Verizon

The Vanguard Group is an American registered investment advisor with headquarters in Malvern, Pennsylvania, managed roughly $7 trillion in total assets worldwide.

Vanguard is regarded as one of the Big Three index fund managers that rule corporate America, together with BlackRock and State Street.

The Vanguard Group owns 7.82% of Verizon, which makes it majority owner of Verizon.

2. BlackRock

BlackRock is an American multinational investment firm with its headquarters in New York City.

BlackRock is the largest asset manager in the world as of January 2022 with roughly $10 trillion in AUM. The Company was established in 1988 and initially served as a risk management and institutional fixed income asset manager.

BlackRock owns almost 4.9% of Verizon, which translates to 207,453,094 shares of Verizon common stock. This also makes Verizon second biggest owner of Verizon.

3. State Street

With roughly $4.14 trillion (USD) in assets under management as of 31 December 2021, State Street Global Advisors (SSGA), the investment management arm of State Street Corporation, is the fourth-largest asset manager globally.

State Street owns 3.9% of Verizon, which translates to 163,729,827 shares of Verizon common stock.

4. Geode Capital Management

American investment management company Geode Capital Management has its headquarters in Boston, Massachusetts.

The growth and value stocks of small to big company firms are the main focus of Geode’s investments in the public equities and alternative investment markets.

Geode Capital Management owns 1.5% of Verizon, which translates to 77,788,479 shares of Verizon common stock.

5. Charles Schwab

The Charles Schwab Corporation is a global provider of financial services based in the United States. The company provides banking, commercial banking, investment, and allied services such consultancy and wealth management advisory services.

With client assets totaling more than US$8.5 trillion, it ranks as the 7th largest banking institution in the country.

Charles Schwab owns 1.5% of Verizon, which translates to 63,777,570 shares of Verizon common stock.

Verizon Owner – FAQs

1. Who owns Verizon?

Verizon is majority owned by The Vanguard Group. The Vanguard Group owns 7.82% of Verizon.

2. Where is Verizon headquartered?

Verizon is headquartered in New York City headquartered at 1095 Avenue of the Americas in Midtown Manhattan, New York City.

3. How many employees does Verizon have?

As of December 2022, Verizon has 118,400 emplpyees

4. Who is the CEO of Verizon?

Hans Vestberg is the CEO of Verizon since 2018, previously he was the CEO of Ericsson.