It is most common for institutions to own the lion’s share of a large publicly traded company’s equity. The top investors in most mega-cap names tend to be the behemoths of the asset management industry.
Collectively, this is true of Amazon (ticker $AMZN) as well. However, there is one individual investor that stands out as Amazon’s largest equity owner, holding a 10% stake. The Amazon Maven breaks down Amazon stock’s ownership below.
The ETF giants
Today, nearly 60% of Amazon stock is held by institutional investors. The top five names, accounting for over one-fifth of the company’s equity, are ETF and mutual fund powerhouses Vanguard (6.5%), BlackRock (5.6%), State Street (3.2%), T.Rowe Price (3.1%) and Fidelity (3.0%).
As a fun fact, Amazon’s institutional ownership is relatively small, compared to other FAAMG peers. Only Apple’s (ticker $AAPL) ratio is lower, and not by much: 59%. See chart below.
The top holder of Amazon shares, by quite a bit, is founder Jeff Bezos. According to Yahoo, the CEO (soon to be former chief executive) owns about 51 million shares of Amazon stock, for a stake worth over $165 billion as of May 2021. Mr. Bezos’ Amazon position accounts for nearly all his net worth.
But how about Warren Buffett? It turns out that the Oracle of Omaha’s Berkshire Hathaway is only a minor investor in the cloud and e-commerce giant. The conglomerate held about half a million shares of AMZN as of the first quarter of 2021, for a total amount of “only” $1.6 billion.
Read more from the Amazon Maven:
(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report. Also, the article may contain affiliate links. These partnerships do not influence editorial content. Thanks for supporting The Amazon Maven)