Here’s something to cheer you up if you’re one of those investors who’s losing big money in the S&P 500 this year. They didn’t even fall close to five unfortunate investors.
Only five people among the largest holders of S&P 500 companies have lost the most market value this year, including Mark Zuckerberg meta platforms (META) lost $160 billion on its shares this year, according to an analysis by Investor’s Business Daily using data from S&P Global Market Intelligence and MarketSmith. The 10 companies with the greatest market value losses that still have a single investor among the top 25 owners were examined. Such losses have given face to the S&P 500’s nearly 19% plunge this year.
“US stocks falter as Wall Street expects the Fed to aggressively continue its fight against inflation ford (F) reminds us that supply chain issues are still a concern,” said Edward Moya, senior market analyst at Oanda.
S&P 500: near bear market stabs
The S&P 500 is about to return to 20% bear market territory. And with the Fed’s decision on short-term rate hikes just a day away, investors are already planning for the worst.
It’s already been a tough year for investors. To date, the S&P 500 has lost more than $9 trillion in shareholder value. Some of the corporate losses are staggering. Microsoft (MSFT) alone has lost $716.7 billion in market value this year. And the institutions have certainly taken their clumps. Vanguard, the top owner of 66% of the companies, is also the #1 Microsoft stock. And the loss on the stock is $59 billion on this stock alone.
But that loss is spread across millions of investors. No single investor is among Microsoft’s top 25 owners.
But some top single owners of big losers aren’t so lucky.
Mark Zuckerberg’s terrible, very bad year
Zuckerberg, CEO of Meta Platforms, is in a class of his own when it comes to losses this year: nearly $66 billion on his stake alone.
Zuckerberg has seen social media stock fall more than 50% this year. And that means a massive loss for the 38-year-old CEO. He still owns nearly 13% of the company, the largest remaining position of any of these sole owners. As Zuckerberg feels in his wallet, it’s likely to be a tough few years for the company. Analysts expect the company’s earnings to fall nearly 30% this year. And the company’s profitability isn’t expected to return to 2021 levels until 2025.
Other Biggest Losers
Zuckerberg, however, has some company with big losses. Amazon founder Jeff Bezos has also seen $44 billion in paper profits fizzle out this year.
Bezos still owns 9.8% of the online shopping company, making it not only the largest shareholder but also the largest single shareholder. And that’s been a major drag this year, as Amazon’s stock is down almost 27% this year. Again, there’s a fundamental reason for the stock decline. The company’s adjusted earnings are set to plummet by more than 98% in 2022, according to analysts. And analysts don’t think Amazon’s earnings will return to 2021 levels before 2024.
Alphabet’s Larry Page is no longer the online company’s very largest owner (that’s Vanguard with 6.9% of the company’s shares). But he still owns 6%, making it the largest single owner. That heavy weight explains why the value of his position has fallen by $33.8 billion after shares fell 30% this year. Nvidia’s Jen-Hsun Huang and Netflix’s Reed Hastings are also the largest single owners of their companies’ stocks — and as a result, have lost billions this year.
And they, along with the others, are now paying the price.
The S&P 500’s biggest losers this year
Individual holders have lost the top 10 market cap decliners this year
|company||ticker||Share YTD % ch.||Top single holder||Individual loss this year (US$ billions)||sector|
|meta platforms||(META)||-56.6%||Mark Zuckerberg||-$66.2||communication services|
|Amazon.com||(AMZN)||-26.7||jeff bezos||-$44.4||Consumer Discretionary|
|alphabet||(GOOGL)||-30.2||Larry Page||-$34.1||communication services|
|Nvidia||(NVDA)||-55.2||Jen Hsun Huang||-$13.9||information technology|
|Netflix||(NFLX)||-59.7||Reed Hastings||-$1.9||communication services|