kinda odd to partner with your most direct competition yet now apple is partnering with google on such core thing and of course Samsung on many parts like screens.
Google is a bit special as it is still controlled by founders but institutional holders are moreover the same. Across every important industry 😁
Here is an overview of the major shareholders (data as of 2024):
1. Apple (AAPL)
Major institutional shareholders:
The Vanguard Group: (approx. 8.5%) – The largest mutual fund and ETF manager in the world. If you are invested in the S&P 500 index, you are also a partial owner of Apple through Vanguard.
BlackRock Inc.: (approx. 6.7%) – The largest asset manager in the world (known through the iShares brand).
Berkshire Hathaway: (approx. 3–4%) – Warren Buffett’s investment conglomerate.
Note: Berkshire Hathaway was long one of the largest shareholders (over 5%), but in the first half of 2024 it sold almost half of its Apple shares. However, it still holds a huge stake worth tens of billions of dollars.
State Street Corporation: (approx. 3.7%).
2. Google / Alphabet (GOOG, GOOGL)
The situation is more complicated with Google because of the share structure. There are three classes:
Class A (GOOGL): 1 share = 1 vote.
Class C (GOOG): No voting rights (usually traded on the stock exchange).
Class B: 1 share = 10 votes (non-tradable, held by the founders).
Thanks to this, the founders have control over the company, even though they do not own the majority of the economic value of the company.
Major institutional shareholders (economic stake):
The Vanguard Group: (approx. 7-8%).
BlackRock Inc.: (approx. 6%).
State Street Corporation: (approx. 3%).
Fidelity (FMR LLC): (about 3%).
Who Really Controls the Company (Voting Power):
Larry Page and Sergey Brin: Founders of Google. Although they only own about 12% of the total stock, they control over 51% of the voting power through their Class B shares.
This means that while Vanguard or BlackRock own a large portion of the company's profits, Larry and Sergey have the final say in what the company does.
Summary
If you look at Apple, Google, Microsoft, or Amazon, you'll almost always see Vanguard and BlackRock in the top two spots. These two giants effectively "own" most of the U.S. stock market because they manage hundreds of millions of people's money in passive index funds.