Coca-Cola soda began in 1886 when Atlanta pharmacist Dr. John S. Pemberton created the now-famous soft drink, which he sold in the soda fountain of his pharmacy. The unique drink had moderate success, averaging nine servings per day. Prior to his death, he sold the majority of his stake to Asa Griggs Candler, an Atlanta businessman, who incorporated The Coca-Cola Company (NYSE: KO) in 1892. Candler expanded distribution to soda fountains all over the country. As demand for the soda grew, Joseph Biedenharn installed bottling machinery in the back of his pharmacy in Mississippi, becoming the first to bottle Coca-Cola.

Coca-Cola has grown to become one of the world's largest beverage companies, with over 500 sparkling and still brands and more than 3,600 different products worldwide, In FY 2017, Coca-Cola brought in $35.4 billion in revenue. On July 25, 2018, Coca-Cola reported Q2 earnings with net revenues down 8% compared to the previous quarter. Coca-Cola has a market cap of $191.27 billion.

The following are the top four largest mutual fund holders of Coca-Cola. 

Vanguard Total Stock Market Index Fund (VTSMX)

The largest mutual fund holder, the Vanguard Total Stock Market Index Fund ("VTSMX"), owns 95.9 million shares of Coca-Cola as of June 29, 2018. The fund's investment in Coca-Cola accounts for 2.25% of total shares held which represents 0.60% of VTSMX's total asset. This mutual fund is designed to give broad exposure to the total US. stock market by including small-cap, mid-cap and large-cap growth and value stocks.

As of June 30, 2018, VTSMX has $701.2 billion in AUM, an expense ratio of 0.14%, a turnover ratio of 3%, and requires a minimum investment of $3,000. The funds has a five-year annualized return of 12.60%. 

Vanguard 500 Index Fund Investor Shares (VFINX)

As of June 29, 2018, the Vanguard 500 Index Fund ("VFINX") owns 69.3 million shares of Coca-Cola, making it the second-largest mutual fund holder.  VFINX owns 1.63% of total shares held within Coca-Cola. This represents 0.73% of the funds total asset. VFINX is invested in 509 stocks covering a diversified spectrum of the largest US. companies, mirroring the S&P 500 Index.

As of June 30, 2018, VFINX has $417.7 billion in AUM, an expense ratio of 0.14%, a turnover ratio of 3%, and requires a minimum investment of $3,000. The funds has a five-year annualized return of 13.26%. 

SPDR S&P 500 ETF (SPY)

This $265.1 billion ETF owns 42.8 million shares of Coca-Cola, representing 0.73% of its total assets and 1.05% of the total shares held in Coca-Cola as of July 19, 2018. The fund tracks the S&P 500 index following a passively managed, full-replication approach invested in 505 stocks. The funds has a five-year annualized return of 13.28% as of June 30, 2018.  

Vanguard Institutional Index Fund Institutional Shares (VINIX)

As of June 30, 2018, this $223.5 billion institutional fund tracks the S&P 500 Index following a passively managed, full-replication approach invested in 507 stocks. The Vanguard Institutional Index Fund Institutional Shares ("VINIX") owns 37.0 million shares of Coca-Cola  which accounts for 0.87% of total shares held as of June 29, 2018. Coca-Cola shares represent 0.73% of the total portfolio assets. The funds has a five-year annualized return of 13.39%. This is the institutional version of the Vanguard 500 Index Fund and available only to institutional investors. The minimum investment is $5 million.