Who Owns Costco
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Costco, one of the largest warehouse retail stores in the world, is owned by a variety of entities. The majority of Costco’s ownership is with one entity, however.
At the top of the ownership chain is the company’s founder, James Sinegal. In 2012, Sinegal sold off most of his 9 million shares, but still holds around 2 million shares of the company.
Following behind Sinegal is the investment firm The Vanguard Group. Vanguard holds 67.4 million shares in Costco, making up for around 17% of the ownership and amounting to a $9.09 billion dollar stake.
The Bank of New York Mellon Corporation, a financial services company, is next on the list with a 14.9% stake. Their stake is valued at $7.6 billion dollars.
The remaining majority owners are a variety of institutional and individual investors as well as mutual funds and pension funds. The cumulative stake of these entities is estimated to be worth around $13.2 billion dollars.
In total, there are 100 entities that own stocks in Costco. While James Sinegal only holds around 2 million shares, his stake is valued at over 1 billion dollars. This shows that, while the majority of Costco’s ownership is in the hands of institutional and individual investors, Sinegal still has a significant stake in the company.