LVMH Moët Hennessy — Louis Vuitton (OTC: LVMHF)(OTC: LVMUY), more commonly referred to as LVMH, is one of the most valuable brands in the world. After a strong share price run over the past decade, the American depositary receipts for the luxury goods provider have a market cap over $400 billion.
Since 2009, shares have risen by roughly 1,200%. Who has profited the most from this explosion? Founder and CEO Bernard Arnault. According to the company’s latest annual report, Arnault and his family own 48.6% of the company’s outstanding shares
Who else owns big chunks of this luxury company?
LVMH’s 2023 annual report lists several groups that own large blocks of its stock. Roughly 37% of the company is owned by foreign institutional investors. Another 6.5% is owned by French institutional investors. The company is headquartered in Paris. Just 7.1% is owned by individuals.
According to data from S&P Capital IQ, the top institutional holders of LVMH stock are BlackRock, Capital Research and Management Co., and The Vanguard Group, adding up to about 6% of shares. When it comes to individuals/insiders, Antonio Belloni, former group managing director for the company, holds the most shares behind Bernard Arnault and Delphine Arnault Gancia, a director of the company. Belloni’s stake is about 381,000 shares.
The Arnault family dominates ownership of LVMH stock, but others have also benefited from the stock’s rise via ownership of funds that own shares or their own individual holdings.
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Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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