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Top Costco Shareholders
COSTCostco(COST) Investopedia·2024-05-09 19:45

Company Overview - Costco Wholesale Corp has grown into a major warehouse retailer in the US and internationally by offering low prices on large packages of name-brand products, including groceries, appliances, electronics, and apparel [1] - The company was founded in 1983 in Seattle, merged with Price Club in 1993, and returned to the name Costco in 1997 [1] - Costco has over 127 million members and operates approximately 860 warehouse stores across the US, Asia, Europe, and Latin America, with online purchasing options [1] - In the trailing 12-month period to May 2024, Costco generated 8.5billioninoperatingincomeon8.5 billion in operating income on 248.8 billion in revenue, with a market capitalization of 345.2billion[1]IndividualInsiderShareholders−ThetopindividualinsidershareholdersareCraigJelinek,CharlesMunger,andPatrickCallans[2]−Insiderreferstoseniormanagement,boardmembers,andentitiesowningmorethan10345.2 billion [1] Individual Insider Shareholders - The top individual insider shareholders are Craig Jelinek, Charles Munger, and Patrick Callans [2] - Insider refers to senior management, board members, and entities owning more than 10% of the company's stock [2] - Individual insider shares are held through direct ownership and exclude indirect holdings or stock options [3] Craig Jelinek - Craig Jelinek owns 391,535 shares of Costco, representing approximately 0.09% of outstanding shares [4] - Jelinek served as CEO from 2012 to January 2024, during which Costco achieved steady growth, including expansion into China with its first store opening in Shanghai in 2019 [4] - He joined Costco in 1984 and held various executive positions in operations and merchandising before becoming CEO [4] Charles Munger - Charles Munger owned 187,180 shares of Costco, representing approximately 0.04% of outstanding shares [5] - Munger was an independent director of Costco since 1997 and also served as vice chairman of Berkshire Hathaway and chairman of Daily Journal Corporation [5] - He passed away in November 2023 [5] Patrick Callans - Patrick Callans owns 62,895 shares of Costco, representing approximately 0.01% of outstanding shares [6] - Callans has been executive vice president of Administration since January 2019 and previously served as senior vice president of Human Resources and Risk Management [6] - He joined Costco as corporate counsel in 1994 [6] Institutional Shareholders - Nearly 2,300 13F filers held Costco stock as of Q2 2021, with about 99 including Costco in their top 10 holdings [7] - Institutional shareholders own approximately 72.30% of outstanding Costco shares [7] Vanguard Group Inc - Vanguard Group owns 40.36 million shares of Costco, representing 9.1% of total shares outstanding as of May 2024 [8] - The company manages approximately 7.8 trillion in global assets under management (AUM) as of September 30, 2023 [8] - Costco comprises 0.74% of the Vanguard S&P 500 ETF (VOO), which has about 1.1trillioninAUM[8]BlackRockInc−BlackRockowns30.6millionsharesofCostco,representing6.91.1 trillion in AUM [8] BlackRock Inc - BlackRock owns 30.6 million shares of Costco, representing 6.9% of total shares outstanding as of May 2024 [9] - The company manages approximately 10 trillion in AUM [9] - Costco comprises 0.78% of the iShares Core S&P 500 ETF (IVV), which has about 451billioninAUM[9]StateStreetCorp−StateStreetowns18.7millionsharesofCostco,representing4.21451 billion in AUM [9] State Street Corp - State Street owns 18.7 million shares of Costco, representing 4.21% of total shares outstanding as of May 2024 [10] - The company manages approximately 4.34 trillion in AUM [10] - Costco comprises 0.77% of the SPDR S&P 500 ETF Trust (SPY), which has about $511 billion in AUM [10]