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# Name Type HQ Sectors subsidiaries Shares $M Bonds $M Total $M
1 Vanguard investor USA North America $ 596,933 M $ 62,518 M $ 659,451 M
2 BlackRock investor USA North America $ 500,806 M $ 52,494 M $ 553,299 M
3 Public Investment Fund investor Saudi Arabia Middle East $ 283,676 M $ 283,676 M
4 State Street investor USA North America $ 250,753 M $ 6,520 M $ 257,273 M
5 Capital Group investor USA North America $ 181,460 M $ 15,815 M $ 197,275 M
6 Fidelity Investments investor USA North America $ 128,574 M $ 20,700 M $ 149,274 M
7 Geode Capital Holdings investor USA North America $ 131,657 M $ 4 M $ 131,661 M
8 JPMorgan Chase investor USA North America $ 91,844 M $ 13,852 M $ 105,696 M
9 Government Pension Fund Global (GPFG) investor Norway Europe (non EU) Pension Fund $ 77,649 M $ 13,644 M $ 91,293 M
10 Morgan Stanley investor USA North America $ 82,839 M $ 2,294 M $ 85,134 M
11 Berkshire Hathaway investor USA North America $ 83,255 M $ 83,255 M
12 Franklin Resources investor USA North America $ 64,504 M $ 11,021 M $ 75,524 M
13 T. Rowe Price investor USA North America $ 70,399 M $ 3,658 M $ 74,057 M
14 UBS investor Switzerland Europe (non EU) $ 64,768 M $ 6,884 M $ 71,651 M
15 Invesco investor USA North America $ 60,586 M $ 9,344 M $ 69,930 M
16 Dimensional Fund Advisors investor USA North America $ 63,260 M $ 4,370 M $ 67,630 M
17 Royal Bank of Canada investor Canada North America $ 61,044 M $ 6,131 M $ 67,175 M
18 Wellington Management investor USA North America $ 53,221 M $ 10,736 M $ 63,957 M
19 Government Pension Investment Fund (GPIF) investor Japan East Asia Pension Fund $ 60,441 M $ 3,385 M $ 63,826 M
20 Charles Schwab investor USA North America $ 60,802 M $ 1,767 M $ 62,568 M
21 Bank of America investor USA North America $ 60,234 M $ 92 M $ 60,326 M
22 TIAA investor USA North America $ 50,337 M $ 9,322 M $ 59,659 M
23 Crédit Agricole (incl. Amundi) investor France Europe (EU) $ 49,382 M $ 6,874 M $ 56,255 M
24 Goldman Sachs investor USA North America $ 45,224 M $ 3,728 M $ 48,952 M
25 Nomura investor Japan East Asia $ 44,722 M $ 1,957 M $ 46,679 M





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