Verizon Communications Inc.
MX ˙ BMV ˙ US92343V1044
SecurityMX:VZ / Verizon Communications Inc.
InstitutionCheviot Value Management, LLC
Latest Disclosed Ownership33,277 shares
Latest Disclosed Value $ 1,670,496
Cheviot Value Management, LLC reports 13.19% decrease in ownership of VZ / Verizon Communications Inc.

On May 12, 2026 - Cheviot Value Management, LLC filed a 13F-HR form disclosing ownership of 33,277 shares of Verizon Communications Inc. (MX:VZ) valued at $1,670,496 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 3, 2026 disclosing 38,334 shares of Verizon Communications Inc.. This represents a change in shares of -13.19% 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)
2026-05-12 2026-03-31 13F VERIZON COMMUNICATIONS INC COM Stock 92343V104 33,277 -5,057 -13.19 1,670 10.60 0.1678
2026-02-03 2025-12-31 13F VERIZON COMMUNICATIONS INC COM Stock 92343V104 38,334 -5,907 -13.35 1,511 -13.17 0.1484
2025-10-31 2025-09-30 13F VERIZON COMMUNICATIONS INC COM Stock 92343V104 44,241 -455 -1.02 1,740 -9.80 0.1850
2025-08-13 2025-06-30 13F VERIZON COMMUNICATIONS INC COM Stock 92343V104 44,696 -1,767 -3.80 1,929 -4.65 0.2211
2025-05-09 2025-03-31 13F VERIZON COMMUNICATIONS INC COM Stock 92343V104 46,463 -12,258 -20.87 2,023 -13.88 0.2488
2025-02-14 2024-12-31 13F Verizon COM 92343V104 58,721 -4,941 -7.76 2,348 -17.87 0.4490
2024-11-14 2024-09-30 13F Verizon COM 92343V104 63,662 -8,725 -12.05 2,859 -4.22 0.5393
2024-08-14 2024-06-30 13F Verizon COM 92343V104 72,387 -7,642 -9.55 2,985 -11.11 0.5831
2024-05-14 2024-03-31 13F Verizon COM 92343V104 80,029 896 1.13 3,358 12.57 0.7361
2024-02-14 2023-12-31 13F Verizon COM 92343V104 79,133 -1,921 -2.37 2,983 13.59 0.6423
2023-11-07 2023-09-30 13F Verizon COM 92343V104 81,054 3,541 4.57 2,627 -8.88 0.5815
2023-11-07 2023-06-30 13F Verizon COM 92343V104 77,513 14,807 23.61 2,883 18.21 0.6279
2023-05-15 2023-03-31 13F Verizon COM 92343V104 62,706 1,417 2.31 2,439 0.99 0.5864
2023-02-13 2022-12-31 13F Verizon COM 92343V104 61,289 545 0.90 2,415 4.68 0.5941
2022-11-14 2022-09-30 13F Verizon COM 92343V104 60,744 2,046 3.49 2,306 -22.59 0.6301
2022-08-03 2022-06-30 13F Verizon COM 92343V104 58,698 15,339 35.38 2,979 34.86 0.7432
2022-05-11 2022-03-31 13F Verizon COM 92343V104 43,359 19,254 79.88 2,209 76.30 0.4676
2022-02-14 2021-12-31 13F Verizon COM 92343V104 24,105 1,117 4.86 1,253 0.89 0.2936
2021-11-12 2021-09-30 13F Verizon COM 92343V104 22,988 3,242 16.42 1,242 12.30 0.3185
2021-08-16 2021-06-30 13F Verizon COM 92343V104 19,746 1,064 5.70 1,106 1.84 0.2715
2021-05-14 2021-03-31 13F Verizon COM 92343V104 18,682 4,269 29.62 1,086 28.22 0.3018
2021-02-12 2020-12-31 13F Verizon COM 92343V104 14,413 1,311 10.01 847 8.73 0.2556
2020-11-12 2020-09-30 13F Verizon COM 92343V104 13,102 -743 -5.37 779 2.10 0.2702
2020-08-17 2020-06-30 13F Verizon COM 92343V104 13,845 -434 -3.04 763 -0.52 0.2976
2020-05-13 2020-03-31 13F Verizon COM 92343V104 14,279 -1,532 -9.69 767 -21.01 0.3497
2020-02-12 2019-12-31 13F Verizon Communications COM 92343V104 15,811 -99 -0.62 971 1.15 0.3741
2019-11-15 2019-09-30 13F Verizon Communications COM 92343V104 15,910 -691 -4.16 960 1.27 0.4090
2019-08-14 2019-06-30 13F Verizon Communications COM 92343V104 16,601 -583 -3.39 948 -6.69 0.4103
2019-05-14 2019-03-31 13F Verizon Communications COM 92343V104 17,184 209 1.23 1,016 6.50 0.4936
2019-02-14 2018-12-31 13F Verizon Communications COM 92343V104 16,975 2,078 13.95 954 20.00 0.4967
2018-11-13 2018-09-30 13F Verizon Communications COM 92343V104 14,897 -272 -1.79 795 4.19 0.3734
2018-08-10 2018-06-30 13F Verizon Communications COM 92343V104 15,169 -305 -1.97 763 3.11 0.3739
2018-05-11 2018-03-31 13F Verizon Communications COM 92343V104 15,474 -588 -3.66 740 -12.94 0.3849
2018-02-13 2017-12-31 13F Verizon Communications COM 92343V104 16,062 -163 -1.00 850 5.85 0.4403
2017-11-14 2017-09-30 13F Verizon Communications COM 92343V104 16,225 567 3.62 803 14.88 0.4365
2017-08-11 2017-06-30 13F Verizon Communications COM 92343V104 15,658 922 6.26 699 -2.65 0.4073
2017-05-11 2017-03-31 13F Verizon Communications COM 92343V104 14,736 578 4.08 718 -5.03 0.4044
2017-02-14 2016-12-31 13F Verizon Communications COM 92343V104 14,158 9,086 179.14 756 186.36 0.4526
2016-11-14 2016-09-30 13F Verizon Communications COM 92343V104 5,072 -750 -12.88 264 -18.77 0.1639
2016-08-12 2016-06-30 13F Verizon Communications COM 92343V104 5,822 -245 -4.04 325 -0.91 0.1942
2016-05-13 2016-03-31 13F Verizon Communications COM 92343V104 6,067 0 0.00 328 17.14 0.2096
2016-02-11 2015-12-31 13F Verizon Communications COM 92343V104 6,067 6,067 280 0.1814
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.