Verizon Communications Inc.
MX ˙ BMV ˙ US92343V1044
SecurityMX:VZ / Verizon Communications Inc.
InstitutionBaird Financial Group, Inc.
Latest Disclosed Ownership2,481,311 shares
Latest Disclosed Value $ 124,561,820
Baird Financial Group, Inc. reports 1.29% increase in ownership of VZ / Verizon Communications Inc.

On May 14, 2026 - Baird Financial Group, Inc. filed a 13F-HR form disclosing ownership of 2,481,311 shares of Verizon Communications Inc. (MX:VZ) valued at $124,561,820 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 2,449,735 shares of Verizon Communications Inc.. This represents a change in shares of 1.29% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F VERIZON COMMUNICATIONS COM 92343V104 2,481,311 31,576 1.29 124,562 24.84 0.1946
2026-02-13 2025-12-31 13F VERIZON COMMUNICATIONS INC COM COMMON 92343V104 2,449,735 43,714 1.82 99,778 -5.64 0.1555
2025-11-13 2025-09-30 13F VERIZON COMMNS COMMON 92343V104 2,406,021 98,987 4.29 105,745 5.93 0.1700
2025-08-13 2025-06-30 13F VERIZON COMMUNICATIONS INC COM COMMON 92343V104 2,307,034 -42,572 -1.81 99,825 -6.34 0.1750
2025-05-15 2025-03-31 13F VERIZON COMMUNICATIONS INC COM COMMON 92343V104 2,349,606 193,136 8.96 106,578 23.59 0.2052
2025-02-14 2024-12-31 13F VERIZON COMMUNICATIONS COMMON 92343V104 2,156,470 -109 -0.01 86,237 -10.96 0.1649
2024-11-14 2024-09-30 13F VERIZON COMMNS COMMON 92343V104 2,156,579 19,749 0.92 96,852 9.91 0.1881
2024-08-14 2024-06-30 13F VERIZON COMMUNICATIONS COMMON 92343V104 2,136,830 8,788 0.41 88,123 -1.31 0.1828
2024-05-14 2024-03-31 13F VERIZON COMMUNICATIONS COMMON 92343V104 2,128,042 117,966 5.87 89,293 17.83 0.1872
2024-02-14 2023-12-31 13F VERIZON COMMUNICATIONS COMMON 92343V104 2,010,076 -85,486 -4.08 75,780 11.58 0.1727
2023-11-13 2023-09-30 13F VERIZON COMMUNICATIONS COMMON 92343V104 2,095,562 -76,227 -3.51 67,917 -15.91 0.1853
2023-08-11 2023-06-30 13F VERIZON COMMUNICATIONS COMMON 92343V104 2,171,789 -187,767 -7.96 80,769 -11.98 0.2132
2023-05-15 2023-03-31 13F VERIZON COMMUNICATIONS COMMON 92343V104 2,359,556 120,917 5.40 91,763 104,176.14 0.2264
2023-02-13 2022-12-31 13F VERIZON COMMUNICATIONS COMMON 92343V104 2,238,639 -688,970 -23.53 88 -99.92 0.2323
2022-11-15 2022-09-30 13F VERIZON COMMUNICATIONS COMMON 92343V104 2,927,609 -291,111 -9.04 111,161 -31.95 0.3275
2022-08-08 2022-06-30 13F VERIZON COMMUNICATIONS COMMON 92343V104 3,218,720 177,748 5.85 163,350 5.45 0.4535
2022-05-13 2022-03-31 13F VERIZON COMMUNICATIONS COMMON 92343V104 3,040,972 -489,361 -13.86 154,906 -15.55 0.3828
2022-02-09 2021-12-31 13F VERIZON COMMUNICATIONS INC COM COMMON 92343V104 3,530,333 27,422 0.78 183,437 -3.04 0.4289
2021-11-12 2021-09-30 13F VERIZON COMMUNICATIONS INC COM COMMON 92343V104 3,502,911 34,196 0.99 189,192 -2.65 0.4839
2021-08-11 2021-06-30 13F VERIZON COMMUNICATIONS INC COM COMMON 92343V104 3,468,715 45,050 1.32 194,352 -2.38 0.5051
2021-05-13 2021-03-31 13F VERIZON COMMUNICATIONS INC COM COMMON 92343V104 3,423,665 193,830 6.00 199,086 4.92 0.5584
2021-02-11 2020-12-31 13F VERIZON COMMUNICATIONS INC COM COMMON 92343V104 3,229,835 50,885 1.60 189,753 0.34 0.5672
2020-11-12 2020-09-30 13F VERIZON COMMUNICATIONS INC COM COMMON 92343V104 3,178,950 27,983 0.89 189,116 8.87 0.6479
2020-10-22 2020-06-30 13F/A-1 VERIZON COMMUNICATIONS INC COM COMMON 92343V104 3,150,967 88,586 2.89 173,713 5.57 0.6544
2020-08-14 2020-06-30 13F VERIZON COMMUNICATIONS INC COM COMMON 92343V104 3,001,750 -60,631 183,593 363,839.6143
2020-05-14 2020-03-31 13F VERIZON COMMUNICATIONS INC COM COMMON 92343V104 3,062,381 50,703 1.68 164,542 -11.02 0.7514
2020-02-14 2019-12-31 13F VERIZON COMMUNICATIONS INC COM COMMON 92343V104 3,011,678 8,454 0.28 184,917 2.01 0.6638
2019-11-14 2019-09-30 13F VERIZON COMMUNICATIONS Common 92343V104 3,003,224 14,342 0.48 181,275 6.16 0.7140
2019-08-14 2019-06-30 13F VERIZON COMMUNICATIONS COMMON 92343V104 2,988,882 458,522 18.12 170,755 14.13 0.6639
2019-05-14 2019-03-31 13F VERIZON COMMUNICATIONS COMMON 92343V104 2,530,360 32,008 1.28 149,620 6.52 0.8749
2019-02-14 2018-12-31 13F VERIZON COMMUNICATIONS COMMON 92343V104 2,498,352 175,623 7.56 140,457 12.32 0.9534
2018-11-13 2018-09-30 13F Verizon Communications COMMON 92343V104 2,322,729 -39,543 -1.67 125,047 5.22 0.7835
2018-08-13 2018-06-30 13F VERIZON COMMUNICATIONS COMMON 92343V104 2,362,272 24,265 1.04 118,846 6.30 0.8066
2018-05-14 2018-03-31 13F VERIZON COMMUNICATIONS COMMON 92343V104 2,338,007 -7,193 -0.31 111,804 -9.93 0.7872
2018-02-09 2017-12-31 13F VERIZON COMMUNICATIONS COMMON 92343V104 2,345,200 32,042 1.39 124,131 8.43 0.8792
2017-11-14 2017-09-30 13F VERIZON COMMUNICATIONS COMMON 92343V104 2,313,158 411,907 21.67 114,478 34.82 0.8635
2017-08-14 2017-06-30 13F VERIZON COMMUNICATIONS COMMON 92343V104 1,901,251 524,637 38.11 84,910 26.52 0.6652
2017-06-19 2017-03-31 13F/A-1 VERIZON COMMUNICATIONS COMMON 92343V104 1,376,614 507,329 58.36 67,110 44.63 0.5427
2017-05-09 2017-03-31 13F VERIZON COMMUNICATIONS COMMON 92343V104 1,376,614 67,110
2017-02-10 2016-12-31 13F VERIZON COMMUNICATIONS COMMON 92343V104 869,285 22,142 2.61 46,402 5.38 0.4029
2016-11-10 2016-09-30 13F VERIZON COMMUNICATIONS COMMON 92343V104 847,143 40,543 5.03 44,035 -2.23 0.3944
2016-08-11 2016-06-30 13F VERIZON COMMUNICATIONS COMMON 92343V104 806,600 8,589 1.08 45,041 4.37 0.4131
2016-05-12 2016-03-31 13F VERIZON COMMUNICATIONS COMMON 92343V104 798,011 56,061 7.56 43,156 25.84 0.4129
2016-02-11 2015-12-31 13F VERIZON COMMUNICATIONS COMMON 92343V104 741,950 20,320 2.82 34,293 9.22 0.3430
2015-11-12 2015-09-30 13F VERIZON COMMUNICATIONS COMMON 92343V104 721,630 6,205 0.87 31,398 -5.84 0.3338
2015-08-14 2015-06-30 13F VERIZON COMMUNICATIONS COMMON 92343V104 715,425 715,425 33,346 0.3281
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.