Apple Inc. (AAPL) is one of the largest technology companies in the world and the first U.S. company to reach a market valuation of $1 trillion, and later the first company in the world to reach a market value of $3 trillion. Since hitting the $3 trillion mark, its market cap has slid slightly to $2.936 trillion as of May 30, 2024.
Here are the four largest mutual funds and ETFs betting on Apple, Inc. The first fund in the table has reported data from the end of 2023, and the other three funds have reported data from the end of 2024’s first quarter.
| Holder | Shares | % Out | $ Value |
| Vanguard Total Stock Market Index Fund | 463.73 million | 3.02% | $88.63 billion |
| Vanguard 500 Index Fund | 365.80 million | 2.39% | $69.91 billion |
| SPDR S&P 500 ETF Trust | 176.52 million | 1.15% | $33.74 billion |
| Fidelity 500 Index Fund | 175.43 million | 1.14% | $33.53 billion |
The Vanguard Total Stock Market Index (VTSAX)
The Vanguard Total Stock Market Index Fund (VTSAX) is a one-stop shop for a wide range of small- and large-cap stocks. The fund seeks to capture returns on the entire stock market and thus holds more than 3,700 stocks. While the composition of VTSAX is not much different from that of S&P 500 ETFs, its investments in many small-cap stocks have kept it above others for several years.
32.1% of the fund’s assets are invested in technology stocks, with Apple holding the top position as of the end of April 2024. The fund owns about 463.73 million shares of Apple, amounting to 3.02% of the company’s outstanding stock as of the end of 2023.
The fund’s expense ratio is just 0.04%, well below the category average. The fund’s three-year annualized return is 6.20%.
The Vanguard 500 Index Fund (VFIAX)
Another fund tracking the S&P 500, the Vanguard 500 Index Fund (VFIAX) gives weights to the stocks it invests in based on their positions in the S&P 500 index. With net assets of $482.2 billion as of April 2024, the fund’s asset allocation skews in favor of information technology, healthcare, and consumer discretionary, forming 29.2%, 12.3%, and 10.3% of its portfolio, respectively. The fund holds about 365.8 million shares of Apple, 2.39% of the company, making it the second-largest mutual fund or ETF investor in Apple as of the end of 2024’s first quarter.
The expense ratio for VFIAX is 0.04%. The fund has a three-year annualized return of 8.02% as of the end of Q1 2021.
The SPDR S&P 500 ETF (SPY)
The SPDR S&P 500 ETF (SPY), or “spider,” was first listed in 1993 by State Street Global Advisors. The ETF’s main function is to replicate the performance of the S&P 500 index. Each share of SPY owns a small portion of all 500 stocks in the S&P 500. SPY is bought and sold much like a stock, but instead of making a bet on one particular company, you’re making a bet on the market as a whole. SPY is invested heavily in technology, with 31.41% of its holdings dedicated to the sector.
The fund holds about 176.52 million shares, 1.15% of all Apple stock as of March 31, 2024, making it the company’s third-largest mutual fund or ETF holder. Apple shares are the ETF’s third largest holding and account for 6.24% of the fund’s $526.2 billion portfolio. The expense ratio for SPY is 0.0945%.
The Fidelity 500 Index Fund (FXAIX)
The Fidelity 500 Index Fund (FXAIX) is another S&P 500 index fund—and among the least expensive index mutual funds around—with an expense ratio of just 0.015% per year. The fund is also the fourth largest mutual fund and ETF holder of Apple shares as of the first quarter of 2024, owning around 175.43 million of its shares. The fund manages over $512.39 billion in assets and has zero minimum investment, making it quite accessible to most investors.
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