Google is one of the most successful businesses in the world. There isn’t a day that goes by when someone doesn’t utter the phrase, “Oh, I’ll just Google it,”. Google is no longer just a page on the internet; it’s so much more. It’s a verb. It’s a noun. It’s a business. It’s a way of life. And it’s also a great profit for those who own stock. There are many institutional shareholders of Google stock, but in discussing the major direct holders, there are five that stand out.
Vanguard Institutional Index I
With approximately 2,826,912 shares of Google stock, this institutional shareholder is the fifth largest in terms of Google stock. This portion of the Vanguard Group holds nearly 2 million more shares than the next highest shareholder, but only a few thousand less than another version of the Vanguard Group.
Vanguard 500 Index Inv
This sector of the Vanguard Group holds 2,881,064 shares of Google. The company has three spots in the list of the five biggest institutional shareholders, which makes them quite profitable as an investment firm. Another property of the group holds the number two spot, as well.
PowerShares QQQ
PowerShares QQQ holds 3,473,430 shares of Google stock. PowerShares is a capital management firm, and QQQ is known for its investments in some of the most innovative companies around. Google certainly fits the bill, which is why the company owns so many shares of its stock.
Vanguard Total Stock Market Index
This Vanguard company owns 4,521,809 shares of Google stock, making it the second largest institutional shareholder for the internet search engine and its projects. The group owns a signficant share of the company’s stocks, but their shares are significantly less than the number one biggest institutional sharehoder.
Fidelity Contrafund
Fidelity Contrafund is an investment company with a reputation for impressive capital appreciation. The strategy of the company is defined as investments in securities not yet fully recognized. However, Google is definitely publicly recognized. Fidelity is Google’s biggest shareholder with 7,010,467 shares.
