Sfmg, Llc reports 1.60% decrease in ownership of VZ / Verizon Communications Inc.

Verizon Communications Inc.

MX ˙ BMV ˙ US92343V1044

Security	MX:VZ / Verizon Communications Inc.
Institution	Sfmg, Llc
Latest Disclosed Ownership	167,786 shares
Latest Disclosed Value	$ 8,422,867

On May 12, 2026 - Sfmg, Llc filed a 13F-HR form disclosing ownership of 167,786 shares of Verizon Communications Inc. (MX:VZ) valued at $8,422,867 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 170,521 shares of Verizon Communications Inc.. This represents a change in shares of -1.60% 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	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-12	2026-03-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	167,786	-2,735	-1.60	8,423	21.27	0.5687
2026-02-10	2025-12-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	170,521	5,077	3.07	6,945	-4.48	0.4656
2025-11-13	2025-09-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	165,444	67,584	69.06	7,271	71.73	0.5041
2025-08-12	2025-06-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	97,860	1,941	2.02	4,234	-2.67	0.3178
2025-05-09	2025-03-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	95,919	-609	-0.63	4,351	12.69	0.3434
2025-02-11	2024-12-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	96,528	-1,227	-1.26	3,860	-12.07	0.3043
2024-11-25	2024-09-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	97,755	-31,181	-24.18	4,390	-17.43	0.3559
2024-08-14	2024-06-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	128,936	3,404	2.71	5,317	0.95	0.4623
2024-05-07	2024-03-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	125,532	537	0.43	5,267	11.78	0.4528
2024-01-30	2023-12-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	124,995	-2,989	-2.34	4,712	13.62	0.4366
2023-11-06	2023-09-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	127,984	9,321	7.86	4,148	-6.03	0.4263
2023-08-14	2023-06-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	118,663	3,862	3.36	4,413	-1.14	0.4541
2023-05-01	2023-03-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	114,801	6,768	6.26	4,465	4.89	0.4808
2023-01-25	2022-12-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	108,033	-30,953	-22.27	4,257	-14.18	0.4724
2022-10-20	2022-09-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	138,986	6,488	4.90	4,959	-26.25	0.5787
2022-08-08	2022-06-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	132,498	7,152	5.71	6,724	5.31	0.7800
2022-04-21	2022-03-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	125,346	9,579	8.27	6,385	6.15	0.6313
2022-01-31	2021-12-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	115,767	25,533	28.30	6,015	23.41	0.5846
2021-11-01	2021-09-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	90,234	13,645	17.82	4,874	13.59	0.5407
2021-08-06	2021-06-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	76,589	7,711	11.20	4,291	7.14	0.4766
2021-05-03	2021-03-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	68,878	3,298	5.03	4,005	3.94	0.4644
2021-02-02	2020-12-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	65,580	2,245	3.54	3,853	2.26	0.4886
2020-11-12	2020-09-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	63,335	12,446	24.46	3,768	34.33	0.5197
2020-08-03	2020-06-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	50,889	31,913	168.18	2,805	175.00	0.3997
2020-05-08	2020-03-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	18,976	1,817	10.59	1,020	-3.23	0.1529
2020-02-05	2019-12-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	17,159	397	2.37	1,054	4.15	0.1289
2019-11-12	2019-09-30	13F/A-1	VERIZON COMMUNICATIONS	COM	92343V104	16,762	-878	-4.98	1,012	0.50	0.1370
2019-10-29	2019-09-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	16,762	-878		1,012		0.1370
2019-08-05	2019-06-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	17,640	1,451	8.96	1,007	5.22	0.1366
2019-05-13	2019-03-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	16,189	-406	-2.45	957	2.57	0.1383
2019-02-12	2018-12-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	16,595	148	0.90	933	0.21	0.1509
2018-11-15	2018-09-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	16,447	2,337	16.56	931	31.13	0.1432
2018-08-08	2018-06-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	14,110	-1,872	-11.71	710	-7.07	0.1151
2018-05-10	2018-03-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	15,982	-89	-0.55	764	-10.22	0.1295
2018-02-09	2017-12-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	16,071	933	6.16	851	13.62	0.1412
2017-11-07	2017-09-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	15,138	-23,336	-60.65	749	-56.40	0.1464
2017-08-07	2017-06-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	38,474	-2,331	-5.71	1,718	-13.62	0.3563
2017-05-01	2017-03-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	40,805	-80	-0.20	1,989	-8.85	0.4026
2017-02-10	2016-12-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	40,885	3,230	8.58	2,182	11.50	0.4651
2016-12-09	2016-09-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	37,655	-662	-1.73	1,957	-8.55	0.4294
2016-08-13	2016-06-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	38,317	10	0.03	2,140	3.28	0.4779
2016-05-16	2016-03-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	38,307	1,438	3.90	2,072	21.60	0.4563
2016-02-08	2015-12-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	36,869	502	1.38	1,704	7.71	0.3882
2015-11-13	2015-09-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	36,367	119	0.33	1,582	-6.39	0.3824
2015-08-12	2015-06-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	36,248	-40,506	-52.77	1,690	-54.73	0.3780
2015-05-11	2015-03-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	76,754	41,233	116.08	3,733	124.61	0.3015
2015-02-11	2014-12-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	35,521	22,751	178.16	1,662	160.50	0.3698
2014-11-14	2014-09-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	12,770	2,703	26.85	638	29.41	0.1998
2014-08-14	2014-06-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	10,067	120	1.21	493	4.23	0.1697
2014-05-14	2014-03-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	9,947	-1,451	-12.73	473	-15.54	0.1593
2014-02-05	2013-12-31	13F	VERIZON COMMUNICATIONS	COM	92343V104	11,398	492	4.51	560	10.02	0.1925
2013-11-14	2013-09-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	10,906	-8	-0.07	509	-7.29	0.2040
2013-08-19	2013-06-30	13F	VERIZON COMMUNICATIONS	COM	92343V104	10,914	10,914		549		0.2194

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.