Verizon and Comcast broke into the global list of 20 most widely held companies by institutional investors in the fourth quarter of 2018, according to a new report from research firm eVestment.
Why it matters: The quarterly report provides a look at global stock ownership trends as well as ownership of stocks from firms based in the U.S., U.K., Germany, Japan and emerging markets.
Details: Tencent fell the most among the top 20, quarter over quarter among stocks held globally ranked in the latest report.
- The most widely held U.S. company was Microsoft, U.K. company was Diageo, German company was SAP, Japanese company was Sony and in emerging markets was Taiwan Semiconductor.
Methodology: The report utilizes long-only active equity strategies' portfolio holdings data reported directly to eVestment by asset managers. The firm said 6,315 active equity strategies submitted Q4 2018 portfolio data as of the publication date.
Go deeper: Inside Verizon's profit plan, from CEO Hans Vestberg