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Top 4 Mutual Fund Holders of Coca-Cola

Coca-Cola (KO) soda began in 1886 when Atlanta pharmacist Dr. John S. Pemberton created the now-famous soft drink, which was sold in the soda fountain of a pharmacy. The unique drink had moderate success, averaging nine servings per day. Prior to his death, he sold the majority of his stake to Asa Candler, an Atlanta businessman, who incorporated The Coca-Cola Company (KO) in 1892.

Candler expanded distribution to soda fountains all over the country. As demand for the soda grew, Joseph Biedenharn installed bottling machinery in the back of his pharmacy in Mississippi, becoming the first to bottle Coca-Cola.

Coca-Cola has grown to become one of the world’s largest beverage companies with 200 brands offered in more than 200 countries. In 2020, Coca-Cola brought in $33 billion in revenue versus $37.3 billion in 2019.The following are the top four largest mutual fund holders of Coca-Cola.

  • Coca-Cola has a storied history, with the soft drink being created in 1886.
  • In 1892, The Coca-Cola Company (KO) was founded.
  • Today, Coca-Cola is one of the world’s largest beverage companies with 200 brands offered in more than 200 countries.
  • The top four mutual fund holders of Coca-Cola as of May 14, 2021, include the Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX), the Vanguard 500 Index Fund Admiral Shares (VFIAX), the SPDR S&P 500 ETF (SPY), and the Fidelity 500 Index Fund (FXAIX).

The largest mutual fund holder, the Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX), owns more than 109 million shares of Coca-Cola with a market value of $5.90 billion as of April 30, 2021.

Vanguard’s VTSAX is designed to offer broad exposure to the total U.S. stock market by including small-cap, mid-cap, and large-cap growth, and value stocks. The VTSAX had approximately $1.2 trillion in assets under management, an expense ratio of 0.04%, and a 10-year annualized return of 14.02% as of April 30, 2021. The minimum investment requirement is $3,000.

However, for those who can’t meet the $3,000 initial investment, Vanguard also offers an exchange traded fund (ETF) called the Vanguard Total Stock Market ETF (VTI). The ETF version is similar to the VTSAX and costs the price of one share.

The second-largest mutual fund holder, the Vanguard 500 Index Fund Admiral Shares (VFIAX), owns 79.80 million shares of Coca-Cola with a market value of $4.30 billion as of April 30, 2021.

Vanguard’s VFIAX is designed to offer exposure to 500 of the largest companies in the U.S. stock market across various industries. The VFIAX had approximately $732 billion in assets under management, an expense ratio of 0.04%, and a 10-year annualized return of 14.14% as of April 30, 2021. The minimum investment requirement is $3,000.

For those who can’t meet the $3,000 initial investment, Vanguard also offers an exchange traded fund (ETF) called the Vanguard S&P 500 ETF (VOO). The ETF version is similar to the VFIAX and costs the price of one share.

The SPDR S&P 500 ETF (SPY) by State Street Global Advisors represents the third-largest fund owner of Coca-Cola with its 39.80 million shares as of May 13, 2021. The SPY has $358.4 billion in assets under management and an expense ratio of .0945%.

The fund tracks the S&P 500 index following a passively managed, full-replication approach invested in 505 stocks. The fund has a five-year annualized return of 17.25% as of April 30, 2021.

The Fidelity 500 Index Fund (FXAIX) has $328 billion in assets under management and tracks the S&P 500 Index following a passively managed, full-replication approach. The FXAIX owns approximately 36.5 million shares of Coca-Cola representing nearly $1.90 billion in market value as of March 31, 2021. Fidelity’s FXAIX has an expense ratio of .015%, no investment minimum, and a five-year annualized return of 14.41% as of April 30, 2021.

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