As of June 2019, Spectrum is owned by institutional investors with a combined stake of 101.54%. The top 10 shareholders include The Vanguard Group, Inc, Fidelity Management and Research, Allspring Global Investments, American Century Investment Management, Wellington Management Co, FIAM LLC, Invesco Advisors, BlackRock Fund Advisors, Cardinal Capital Management LLC, and Dimensional Fund Advisors LP. Spectrum is an American telecommunications and mass media company with over 26 million customers in 41 states. It is the second largest cable operator in the United States and the third largest pay TV operator. Spectrum is also the fifth largest telephone provider based on the number of lines. The company operates under the trade name of Charter Communications and offers cable television, phone, and internet services. Following acquisitions of Time Warner Cable and Bright House Networks, these operations also assumed the Spectrum brand. In 2020, Spectrum had an annual revenue of $8.405 billion and approximately 98,000 employees as of December 2018.