Verizon Communications Inc.
MX ˙ BMV ˙ US92343V1044
SecurityMX:VZ / Verizon Communications Inc.
InstitutionCullen Capital Management, LLC
Latest Disclosed Ownership804,544 shares
Latest Disclosed Value $ 40,388,102
Cullen Capital Management, LLC reports 36.18% decrease in ownership of VZ / Verizon Communications Inc.

On May 15, 2026 - Cullen Capital Management, LLC filed a 13F-HR form disclosing ownership of 804,544 shares of Verizon Communications Inc. (MX:VZ) valued at $40,388,102 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 1,260,646 shares of Verizon Communications Inc.. This represents a change in shares of -36.18% 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)
2026-05-15 2026-03-31 13F Verizon Communications COM 92343V104 804,544 -456,102 -36.18 40,388 -21.34 0.4141
2026-02-13 2025-12-31 13F Verizon Communications COM 92343V104 1,260,646 -277,377 -18.03 51,346 -24.04 0.5608
2025-11-05 2025-09-30 13F Verizon Communications COM 92343V104 1,538,023 -75 -0.00 67,596 1.57 0.7395
2025-09-30 2025-06-30 13F Verizon Communications COM 92343V104 1,538,098 30,121 2.00 66,553 -2.70 0.7579
2025-05-15 2025-03-31 13F Verizon Communications COM 92343V104 1,507,977 87,170 6.14 68,402 20.39 0.7901
2025-02-13 2024-12-31 13F Verizon Communications COM 92343V104 1,420,807 -53,769 -3.65 56,818 -14.20 0.6618
2024-11-12 2024-09-30 13F Verizon Communications COM 92343V104 1,474,576 -259,476 -14.96 66,223 -7.40 0.7209
2024-08-13 2024-06-30 13F Verizon Communications COM 92343V104 1,734,052 -28,369 -1.61 71,512 -3.30 0.8236
2024-05-15 2024-03-31 13F Verizon Communications COM 92343V104 1,762,421 27,763 1.60 73,951 13.08 0.8233
2024-02-14 2023-12-31 13F Verizon Communications COM 92343V104 1,734,658 -346,078 -16.63 65,397 -3.03 0.9700
2023-11-14 2023-09-30 13F Verizon Communications COM 92343V104 2,080,736 68,469 3.40 67,437 -9.89 0.7873
2023-08-15 2023-06-30 13F Verizon Communications COM 92343V104 2,012,267 106,728 5.60 74,836 0.99 0.6681
2023-05-15 2023-03-31 13F Verizon Communications COM 92343V104 1,905,539 645,379 51.21 74,106 49.26 0.6781
2023-02-16 2022-12-31 13F Verizon Communications COM 92343V104 1,260,160 145,860 13.09 49,650 17.35 0.6372
2022-11-10 2022-09-30 13F Verizon Communications COM 92343V104 1,114,300 208,651 23.04 42,310 -7.95 0.4533
2022-08-11 2022-06-30 13F Verizon Communications COM 92343V104 905,649 152,778 20.29 45,962 19.85 0.4616
2022-05-03 2022-03-31 13F Verizon Communications COM 92343V104 752,871 193,429 34.58 38,351 31.93 0.3531
2022-02-10 2021-12-31 13F Verizon Communications COM 92343V104 559,442 19,002 3.52 29,069 -0.41 0.2725
2021-11-05 2021-09-30 13F Verizon Communications COM 92343V104 540,440 27,347 5.33 29,189 1.53 0.2868
2021-08-04 2021-06-30 13F Verizon Communications COM 92343V104 513,093 -52,114 -9.22 28,749 -12.53 0.2779
2021-05-10 2021-03-31 13F Verizon Communications COM 92343V104 565,207 468,082 481.94 32,867 476.01 0.3551
2021-01-26 2020-12-31 13F Verizon Communications COM 92343V104 97,125 -9,475 -8.89 5,706 -10.03 0.3169
2020-11-02 2020-09-30 13F Verizon Communications COM 92343V104 106,600 -2,200 -2.02 6,342 5.74 0.3673
2020-07-31 2020-06-30 13F Verizon Communications COM 92343V104 108,800 26,050 31.48 5,998 34.91 0.3374
2020-05-13 2020-03-31 13F/A-1 Verizon Communications COM 92343V104 82,750 -15,745 -15.99 4,446 -26.49 0.2564
2020-05-05 2020-03-31 13F Verizon Communications COM 92343V104 317,017 218,522 17,033 414,499.9293
2020-01-31 2019-12-31 13F Verizon Communications COM 92343V104 98,495 17,560 21.70 6,048 23.81 0.2371
2019-11-15 2019-09-30 13F Verizon Communications COM 92343V104 80,935 -5,060 -5.88 4,885 -0.57 0.1961
2019-07-30 2019-06-30 13F Verizon Communications COM 92343V104 85,995 -8,190 -8.70 4,913 -11.78 0.1918
2019-05-15 2019-03-31 13F Verizon Communications COM 92343V104 94,185 2,983 3.27 5,569 8.62 0.2198
2019-02-14 2018-12-31 13F Verizon Communications COM 92343V104 91,202 -20,353 -18.24 5,127 -13.92 0.2211
2018-11-15 2018-09-30 13F Verizon Communications COM 92343V104 111,555 -24,035 -17.73 5,956 -12.69 0.2195
2018-08-14 2018-06-30 13F Verizon Communications COM 92343V104 135,590 2,030 1.52 6,822 6.81 0.2581
2018-05-14 2018-03-31 13F Verizon Communications COM 92343V104 133,560 41,010 44.31 6,387 30.37 0.2261
2018-02-15 2017-12-31 13F Verizon Communications COM 92343V104 92,550 -510 -0.55 4,899 6.36 0.1681
2017-11-14 2017-09-30 13F Verizon Communications COM 92343V104 93,060 -9,920 -9.63 4,606 0.15 0.1605
2017-08-16 2017-06-30 13F Verizon Communications COM 92343V104 102,980 47,630 86.05 4,599 70.46 0.1617
2017-05-11 2017-03-31 13F Verizon Communications COM 92343V104 55,350 16,610 42.88 2,698 30.46 0.0948
2017-02-13 2016-12-31 13F Verizon Communications COM 92343V104 38,740 5,670 17.15 2,068 20.30 0.0713
2016-11-15 2016-09-30 13F Verizon Communications COM 92343V104 33,070 -692,080 -95.44 1,719 -95.75 0.0582
2016-08-15 2016-06-30 13F Verizon Communications COM 92343V104 725,150 725,150 40,492 1.4272
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.