Comment Comment by maxerickson These funds have 10s of billions of dollars of investments, a few tens of millions here or there does not have significant tax implications.Here's one of the Fidelity funds invested in Snapchat:https://fundresearch.fidelity.com/mutual-funds/composition/3...It's got $40 billion under management.There's a document findable from there that lists their Snapchat investment as $10 million (Prospectus and Reports->Monthly Holdings report).The number 1 holding of that fund is $2,192,901,654 of Apple. So they get roughly $10 million each time Apple pays a quarterly dividend. parent maxerickson 11 years ago
Here's one of the Fidelity funds invested in Snapchat:
https://fundresearch.fidelity.com/mutual-funds/composition/3...
It's got $40 billion under management.
There's a document findable from there that lists their Snapchat investment as $10 million (Prospectus and Reports->Monthly Holdings report).
The number 1 holding of that fund is $2,192,901,654 of Apple. So they get roughly $10 million each time Apple pays a quarterly dividend.