The largest stockholders of Meta Platforms are major financial institutions, including Vanguard, with a 7.83% stake in the company, and Fidelity Management and Research Co. LLC, controlling 5.47% of Meta shares. The largest individual shareholders include the present COO, Olivian Javier, with a 0.00491% stake in the company, and the present CTO, Bosworth Andrew, has about 0.00354% of Meta shares.
Meta Platforms, which is commonly referred to as “Meta,” is a global technology company boasting a social media portfolio that includes Instagram, Messenger, WhatsApp, and, most recently, Threads. The company is also focused on the metaverse, having invested $36 billion in the endeavor since 2019.
In September 2021, Meta (META) stock reached a high of $375.88, but it was on a downward trend till October 2022, hitting a $98.22 low. But to date, its stock has been on an upward trend. In this article, we are going to examine who owns Meta, who the largest institutional and individual investors are, and more.
Who owns Meta? A quick look at the top shareholders
The largest shares of META stock are controlled by large financial institutions, including Vanguard, FMR, and Blackrock. Another significant portion of Meta stock is controlled by various mutual funds, with Vanguard Total Stock Market ETF accounting for the largest share. According to Yahoo Finance, 78.23% of shares are held by institutions, while 0.23% of shares are held by insiders.
In total, there are 2.22 billion outstanding Meta shares, with a combined market value of $858.90 billion.
In the following sections, we are going to examine Meta’s ownership structure and list the largest Meta stockholders.
Top 10 institutional owners of Meta
The largest institutions that own Meta stock control over 78.23% of all Meta’s stock in circulation. In the table below, you can see the positions of the ten biggest institutional holders of Meta.
| Stockholder | Stake | Shares owned | Total value($) |
|---|---|---|---|
| The Vanguard Group, Inc. | 7.83% | 173,904,647 | $58,103,731,802 |
| Fidelity Management and Research Co. LLC (FMR) | 5.47% | 121,506,616 | $40,611,684,088 |
| BlackRock Fund Advisors | 4.67% | 103,641,529 | $34,631,284,352 |
| SSgA Funds Management, Inc. | 3.87% | 86,053,863 | $28,758,987,059 |
| T. Rowe Price Associates, Inc. | 2.05% | 45,583,528 | $15,251,635,754 |
| Geode Capital Management LLC | 2.04% | 45,197,719 | $15,096,677,733 |
| Capital Research & Management Co | 1.67% | 37,127,022 | $12,398,676,128 |
| Norges Bank Investment Management | 1.58% | 35,093,468 | $11,715,096,473 |
| JPMorgan Investment Management | 1.518% | 33,709,791 | $11,253,251,845 |
| Capital Research & Management Co. | 1.515% | 33,654,751 | $11,238,880,133 |
Data collected on December 13, 2023. Source: CNN Money.
Vanguard Group
Vanguard is one of the world’s largest portfolio management firms, generating $7.7 trillion in assets under management (AUM). It was established in 1975 and has been known for being a low-cost index fund and exchange-traded fund (ETF). Vanguard provides investors of all types with a wide variety of investing services and products.
- META relative stake: 7.83%
- META shares owned: 173 million
- Total value of META owned: $58.1 billion
Fidelity Management and Research Co. LLC (FMR)
FMR is an American multinational financial services corporation based in Boston, Massachusetts. It was founded in 1966 by Edward C. Johnson II. As of 2023, FMR has over 43 million individual customers, over 24,000 businesses, and over 3,700 wealth management firms and institutions. FMR offers a wide range of financial products and services, including mutual funds, exchange-traded funds (ETFs), retirement services, wealth management, and so on.
- META relative stake: 5.47%
- META shares owned: 121.5 million
- Total value of META owned: $40.6 billion
BlackRock Fund Advisors
BlackRock (BLK) is a leading global investment management and financial services company, controlling a whopping $10 trillion in AUM as of 2022. It was established in 1988. Blackrock’s focus is on managing assets for institutional clients such as pension funds, insurance companies, and governments, as well as individual investors.
- META relative stake: 4.76%
- META shares owned: 103.6 million
- Total value of META owned: $34.6 billion
Top 10 Mutual funds holding Meta
Meta’s effort in making digital communication possible seems undeniable, therefore making it a compelling choice for investors in the stock market.
| Mutual fund | Stake | Shares Owned | Total value ($) |
|---|---|---|---|
| Vanguard Total Stock Market ETF | 3.13% | 69,568,348 | $23,205,474,968 |
| Vanguard 500 Index Fund | 2.42% | 53,671,843 | $17,936,239,117 |
| Fidelity Contrafund | 1.86% | 41,359,091 | $13,813,885,167 |
| Government Pension Fund – Global | 1.56% | 34,673,255 | $11,594,558,526 |
| American Funds Growth Fund of America | 1.432% | 31,783,082 | $10,623,804,109 |
| Fidelity 500 Index Fund | 1.16% | 25,734,518 | $8,601,297,611 |
| Invesco QQQ Trust | 1.13% | 25,054,896 | $8,371,343,454 |
| SPDR S&P 500 ETF Trust | 1.11% | 24,654,839 | $8,240,968,385 |
| iShares Core S&P 500 ETF | 0.975% | 21,665,660 | $7,239,684,582 |
| Vanguard Growth Index Fund | 0.877% | 19,472,249 | $6,511,049,493 |
Data collected on December 13, 2023. Source: CNN Money
Vanguard Total Stock Market ETF
Vanguard Total Stock Market ETF is intended to give investors wide exposure to the overall stock exchange in the United States. Investors who purchase the Vanguard Total Stock Market ETF will profit from the broader stock market’s possible long-term growth. With Apple having a 6.5% allocation of funds, it remains the highest.
- META relative stake: 3.13%
- META shares owned: 69.6 million
- Total value of META owned: $23.2 billion
Vanguard 500 Index Fund
The Vanguard 500 Index Fund is very similar to the Vanguard Institutional 500 Index Trust. Both aim to track their benchmark index, the S&P 500, attempting to replicate the target index by investing all of its assets in the stocks that make up the index with the same approximate weightings. The main difference between VFINX and VFFSX is in their legal structure, as the former is structured as a fund and the latter as a trust.
- META relative stake: 2.42%
- META shares owned: 53.7 million
- Total value of META owned: $17.9 billion
Fidelity Contrafund
Fidelity Contrafund is an actively managed mutual fund that invests in U.S. and international equities, bonds, and alternatives. The fund seeks out capital appreciation by finding value stocks with good growth opportunities. The fund focuses on U.S. large-cap stocks with market values greater than $10 billion and has high exposure to the information technology and communications services sectors.
- META relative stake: 1.86%
- META shares owned: 41.4 million
- Total value of META owned: $13.8 billion
Top Insider Stockholders of Meta
Meta has a few holders among the former and current executives. By far, the biggest individual Meta stockholders are Olivian Javier (COO) and Bosworth Andrew (CTO), who control 0.00491% and 0.00354% stakes, respectively.
| Inside Stockholders | Position | Stake | Shares | Total Value |
|---|---|---|---|---|
| Bosworth Andrew | CTO | 0.00354% | 78,790 | $26,292,999 |
| Clegg, Nicholas William | officer | 0.000338% | 7,528 | $2,515,501 |
| Killefer Nancy | Director | 0.000419% | 9,298 | $3,110,317 |
| Kimmitt Robert M | Director | 0.000415% | 9,231 | $3,086,710 |
| Newstead Jennifer | Officer | 0.00177% | 39,248 | $13,191,100 |
| Olivian Javier | COO | 0.00491% | 109,178 | $36,481,401 |
| Travis Tracey Thomas | Director | 0.000418% | 9,298 | $3,105,575 |
Data collected on December 13, 2023. Source: CNN Money
Olivian Javier
Javier is the current Chief Operating Officer (COO) of Meta, formerly known as Facebook. He joined Facebook in 2007 and was responsible for scaling up Facebook’s membership base. Olivian is from the Pyrenees Mountains in Spain and studied electrical and industrial engineering at the University of Navarra. Olivian has been an avid angel investor and has invested in a range of services, including Yaba, a brand amplifier startup, payment API startup Reloadly, and turning tool Gopeer.
- META relative stake: 0.00491%
- META shares owned: 0.11 million
- Total value of META owned: $36.5 million
Bosworth Andrew
Bosworth Andrew, also known as Boz, is the current Chief Technology Officer (CTO) of Meta, formerly known as Facebook. He joined Facebook in 2006 and was one of the first 15 engineers at the company. Bosworth graduated from Harvard in 200 and worked with Microsoft as a developer on Microsoft Visio for almost two years before joining Facebook. Bosworth has been a key figure in Facebook’s growth and has overseen the development of several products, such as news feeds and mobile advertising.
- META relative stake: 0.00354%
- META shares owned: 0.039 million
- Total value of META owned: $26.3 million
Newstead Jennifer
Jennifer Gillian Newstead is an American attorney who currently serves as the Chief Legal Officer at Meta. Newstead oversees all global legal and corporate governance matters on behalf of the company. Before joining Meta in 2019, she was the Legal Adviser to the United States Department of State. She graduated from Harvard University in 1991 and from Yale Law School in 1994. Newstead is credited with helping to draft the Patriot Act.
- META relative stake: 0.00177%
- META shares owned: 0.079 million
- Total value of META owned: $13.2 million
The bottom line: Meta is primarily owned by large investment firms
Meta’s ownership structure reflects its position as a top technology company with global appeal. The largest stockholders are major financial institutions, including Fidelity Management, Blackrock, and Vanguard, which control 7.83%, which is the highest percentage owned by an institution. This diverse group of owners indicates that Meta has established itself as an attractive long-term investment primed for continued growth.
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Source: https://coincodex.com/article/35656/who-owns-meta/