The largest stockholders of Hyundai are major holdings, including KIA Corporation, with a 26.20% stake in the company, and Hyundai Rotem Company which controls 7.03%. Internal investors such as Hyundai Mobis Co.Ltd, control 8.73%, and National Pension Service of Korea has about 3.11% of Hyundai’s shares. The largest individual shareholders include the present CEO, Euisun Chung, with a 1.07% stake in the company, and the present GCOO, José Muñoz, has about 0.000952% of Hyundai’s shares.
The Hyundai Motor Group, a South Korean multinational conglomerate, owns Hyundai Motor Company. The group, founded by Chung Ju-Yung, is one of the world’s largest automotive manufacturers and owns other brands, such as Genesis Motors. Jaehoon Chang is currently the president and CEO of Hyundai Motor Co. Ltd.
In February 2021, Hyundai stock reached a high of $56.94; its stock has been on a downward trend to date. Over the past three years, Hyundai’s stock price has declined from $56.94 to $38.33.
The price of Hyundai saw +75% growth over the past 5 years.
In this article, we are going to examine who owns Hyundai, who the largest institutional and individual Hyundai investors are, and more.
Who owns Hyundai? A quick look at the top shareholders
The largest shares of Hyundai are controlled by large companies, including Hyundai Mobis Co. Ltd., National Pension Service of Korea, and Hyundai Motor Company. Another significant portion of Hyundai’s stock is controlled by various mutual holdings, with KIA Corporation accounting for the largest share.
In total, there are 523.85 million outstanding Hyundai shares, with a combined market value of $31.283 billion (at Hyundai’s current price of $38.33)
In the following sections, we are going to examine Hyundai’s ownership structure and list the largest Hyundai stockholders.
Top institutional owners of Hyundai
The largest institutions that own Hyundai stock control over 15% of all Hyundai’s stock in circulation. In the table below, you can see the positions of the large institutions that own shares in Hyundai.
| Stockholder | Stake | Shares Owned | Total Value ($) |
|---|---|---|---|
| Hyundai Mobis Co., Ltd | 8.73 % | 45,782,023 | $1,756,721,072 |
| National Pension Service Of Korea | 3.11% | 16,333,457 | $625,878,603 |
| Hyundai Motor Company | 1.65% | 8,655,660 | $331,612,081 |
| Norges Bank Investment Management | 0.54% | 2,827,788 | $108,408,021 |
| Kt Corporation | 0.42% | 2,216,983 | $85,064,676 |
| Hyundai Motor Co., Ltd. Esoa | 0.35% | 1,839,820 | $70,666,402 |
| Dimensional Fund Advisors Lp | 0.18% | 948,876 | $36,423,935 |
| Hyundai G.F. Holdings Co., Ltd. | 0.16% | 835,000 | $31,991,550 |
Data collected on November 11, 2023. Source: MarketScreener
Hyundai Mobis Co., Ltd
Hyundai Mobis is a South Korean car parts company that plays a crucial role in the automotive industry. Hyundai Mobis was founded in 1977 as Hyundai Precision & Industries Corporation. It serves as the “parts and service” arm for prominent South Korean automakers, including Hyundai Motor Company, Genesis Motors, and Kia Motors.
- Hyundai relative stake: 8.73%
- Hyundai shares owned: 45 million
- Total value of HYMTF owned: $1.7 billion
National Pension Service of Korea
The NPS is currently the world’s third-largest pension fund. It serves approximately 22.35 million insured persons and 5.86 million beneficiaries. The total assets under its management amount to an impressive KRW 948.7 trillion.
- Hyundai relative stake: 3.11%
- Hyundai shares owned: 16 million
- Total value of HYMTF owned: $625.9 million
Hyundai Motor Company
Hyundai Motor Company is a global automotive giant. Hyundai vehicles are sold in 193 countries through an extensive network of 5,000 dealerships and showrooms. As of 2022, Hyundai holds the prestigious title of being the world’s third-largest carmaker in terms of production, trailing only behind Toyota and Volkswagen.
- Hyundai relative stake: 1.65%
- Hyundai shares owned: 8.6 million
- Total value of HYMTF owned: $331.6 million
Top 10 mutual funds holding Hyundai
Due to Hyundai’s vision, innovation, and growth, it’s global reach is undeniable, therefore making it a compelling choice for the stock market.
| Name | Stake | Shares Owned | Total Valuation |
|---|---|---|---|
| Kia Corporation | 26.20% | 137,318,251 | $5,263,798,004 |
| Hyundai Rotem Company | 7.03% | 36,852,432 | $1,414,513,343 |
| Hyundai Engineering & Construction Co., Ltd. | 4.45% | 23,327,400 | $894,017,642 |
| Hyundai Steel Company | 1.75% | 9,173,595 | $351,479,103 |
| Hyundai Autoever Corporation | 1.65% | 8,664,334 | $331,792,048 |
| Hyundai Motor Securities Co., Ltd. | 1.54% | 8,065,595 | $309,518,112 |
| Hyundai Wia Corporation | 1.314% | 6,893,596 | $264,183,064 |
| Impact Coatings Ab | 1.061% | 5,561,379 | $213,370,242 |
| Nh Special Purpose Acquisition 22 Company | 0.734% | 3,850,000 | $147,621,500 |
| Auto & Inc. | 0.1964% | 1,029,840 | $39,487,287 |
Data collected on November 11, 2023. Source: MarketScreener
Kia Corporation
KIA Corporation, commonly known as Kia, is a South Korean multinational automobile manufacturer headquartered in Seoul, South Korea. It was founded on June 9, 1944, Kia initially operated as Kyungsung Precision Industry. Kia vehicles are sold worldwide ( except japan and North Korea) through an extensive network of 5,000 dealerships and showrooms. In 2019, Kia achieved sales of over 2.8 million vehicles.
- Hyundai relative stake: 26.2%
- Hyundai shares owned: 36.8 million
- Total value of HYMTF owned: $5.3 billion
Hyundai Rotem Company
Hyundai Rotem Company, formerly known as Hyundai Precision Industry, is a South Korean manufacturer specializing in railroad equipment, defense vehicles, and plant equipment.Hyundai Rotem’s products are sold in 193 countries through an extensive network of dealerships and showrooms.Their 2022 Sustainability Report outlines principles of governance, climate-smart practices, worker safety, and green innovation.
- Hyundai relative stake: 7.03%
- Hyundai shares owned: 137 million
- Total value of HYMTF owned: $1.4 billion
Hyundai Autoever Corporation
Hyundai Autoever Corporation is a South Korean company primarily engaged in providing software services. Hyundai Autoever manages, maintains, and operates information resources for customers’ computerized systems through IT outsourcing. Their services cater to various industries, such as automobile, steel, logistics, construction, and finance. In 2022, they have had a total sales of KRW 2,294,079 million.
- Hyundai relative stake: 1.65%
- Hyundai shares owned: 8.7 million
- Total value of HYMTF owned: $331.8 million
Top insider stockholders Of Hyundai
Hyundai has a few holders among the former and current executives. By far, the biggest individual Hyundai stockholders are Euisun Chung (Chairman) and José Muñoz (GCOO), who control 1.07% and 0.000952% stakes, respectively.
| Inside Stockholders | Position | Stake | Share | Total Value |
|---|---|---|---|---|
| Euisun Chung | Chairman | 1.07% | 5,598,776 | $214,705,101 |
| José Muñoz | President & GCOO | 0.000952% | 5,000 | $191,650 |
| Dong Seock Lee | Vice President & CEO | 0.0001639% | 858 | $31,147 |
| Eugene M. Ohr | Director | 0.0001298% | 680 | $26,102 |
| Gang Hyun Seo | Executive Vice President | 0.00007635% | 400 | $15,332 |
| JaeHoon Chang | President & CEO | 0.00007061% | 370 | $14,181 |
Euisun Chung
Euisun Chung is a South Korean billionaire businessman. He served as President of Kia Motors from 2005-2009 where he helped make models like the Cee’d and Soul successful in Europe. In 2020, Chung succeeded his father as Chairman of Hyundai Motor Group. He aims to continue growing the major automotive company under his leadership.
- Hyundai relative stake: 1.07%
- Hyundai shares owned: 5.6 million
- Total value of HYMTF owned: $214.7 million
José Muñoz
José Muñoz is the President and Global COO of Hyundai Motor Company. He also serves as President and CEO of Hyundai and Genesis North America. In these leadership roles, Muñoz is responsible for driving performance across key global regions and overseeing the entire American market from Hyundai’s U.S. headquarters. He leads global initiatives spanning talent, sales, service, product planning, and more.
- Hyundai relative stake: 0.000952%
- Hyundai shares owned: 0.005 million
- Total value of HYMTF owned: $0.19165 million
Dong Seock Lee
Dong Seock “Don” Lee is Vice President, Co-CEO, and Chief Strategy Officer at Hyundai Motor Co. In these senior leadership roles, he has made major contributions to Hyundai’s local factory operations and strategic direction. Lee’s expertise helps guide the automaker’s growth.
- Hyundai relative stake: 0.0001639%
- Hyundai shares owned: 0.000858 million
- Total value of HYMTF owned: $0.031 million
The bottom line: Hyundai is primarily owned by large corporations
Hyundai Motor Company’s ownership is a mix of big institutional players like Hyundai Mobis Co., Ltd., the National Pension Service of Korea, and KIA Corporation, with KIA holding the most significant stake at 26.20%. CEO Euisun Chung has a solid 1.07% share. This diverse ownership reflects Hyundai’s broad appeal to both institutions and individual investors, showcasing its global standing in the automotive industry.
If you want to learn more about the ownership structure of major corporations, check out our article about the largest Paramount (PARA) shareholders and the biggest shareholders of Microsoft (MSFT).
Source: https://coincodex.com/article/34385/who-owns-hyundai/