Qualcomm Inc. (QCOM) is an American multinational semiconductor and telecommunications equipment company founded in 1985 and based in San Diego, California. The company designs and distributes wireless telecommunications products globally. Its microprocessors are found in consumer electronics around the globe, including in many smartphones and tablets.
Qualcomm reported Q4 2020 earnings on November 4, 2020. The telecommunications giant reported $8.3 billion in revenues this quarter, compared to $4.8 billion over the same period last year.
|The four largest mutual fund holders of Qualcomm (Reported as of Q1 2021)|
|Holder||Shares||% Out||$ Value|
|Vanguard Total Stock Market Index Fund||31,879,071||2.81%||4,856,457,676|
|Vanguard 500 Index Fund||22,662,571||1.99%||3,452,416,066|
|Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF||14,331,410||1.26%||1,900,201,651|
|Fidelity Contrafund Inc||13,962,096||1.23%||1,901,497,854|
The Vanguard Total Stock Market Index Fund (VTSAX) was launched in 1992 to give investors broad exposure to the entire U.S. equity market. The fund is a subsidiary of the Vanguard Equity Investment Group and has been managed by Gerard C. O’Reilly since December 1994. As of Q1 2021, the fund has about 31.9 million shares of Qualcomm, or about 2.8%, making it the company’s single-largest mutual fund holder.
As of Q1 2021, VTSAX has $220.5 billion in total assets, a three-year annualized return of 18.78%, and an expense ratio of 0.04%, with a $3,000 minimum investment required.
The Vanguard 500 Index Fund (VFIAX) was launched in 1976 with the express goal of providing investors exposure to the 500 largest U.S. companies. The fund is a subsidiary of the Vanguard Equity Investment Group and has been managed by Donald M. Butler since 2016. As of Q1 2021, the fund is Qualcomm’s second-largest mutual fund holder with 22.6 million shares, or just under 2%, of the company.
VTSAX has $220.4 billion in total assets, a three-year annualized return of 18.36%, and an expense ratio of 0.04%, with a required minimum invested of $3,000.
The Invesco QQQ Trust tracks the Nasdaq 100 Index, which includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq in terms of market capitalization, concentrated in the technology sector. QQQ is structured as a unit investment trust (UIT) which offers a fixed portfolio as redeemable units to investors. The top holdings for QQQ include Apple, Microsoft, and Amazon. Qualcomm appears 17th, but with 14.3 million shares it makes up 1.26% of QCOM shares outstanding.
QQQ has $163.1 billion in total assets and an expense ratio of 0.20% as of Q1 2021.
As a growth fund, the Fidelity Contrafund (FCNTX) is focused on generating capital gains as opposed to income. Manager Will Danoff and his team choose stocks of companies with a market value of over $10 billion. The Fidelity Contrafund is the fourth-largest mutual fund investor in QCOM with just under 14 million shares, or 1.23% of the company, as of Q1 2021. The fund’s investment in Qualcomm makes up 1.45% of its total portfolio.
FCNTX has total assets of $131.8 billion, a three-year annualized return of 20.78%, and an expense ratio of 0.86%.