(As of December 12, 2025 | Post Q1 FY2026 earnings and recent insider transactions)
Current market capitalization: ≈ $219 billion (based on ~$267.14/share and 820 million shares outstanding)
Introduction
Applied Materials, Inc. (NASDAQ: AMAT), founded in 1967 by Michael A. McNeilly and headquartered in Santa Clara, California, is the world's second-largest supplier of semiconductor manufacturing equipment (behind ASML), providing tools for deposition, etching, and inspection to chipmakers like TSMC, Intel, and Samsung. It also serves flat-panel displays and solar markets, with ~80% revenue from semiconductors amid AI/data center booms. Public since 1972, it features a single-class share structure (one vote per share). Ownership is institutionally concentrated (~83%), insiders ~0.27%, and retail ~16.9%. The table below details the top 10 from Q3 2025 13F filings and SEC data, with values at current market cap. Recent activity: $944K insider sales (Oct 31, 2025, by CEO Gary Dickerson); $4.9B Q4 FY2025 buybacks reducing shares ~3% YoY.
| Rank | Owner / Stakeholder | Ownership % | Approx. Value ($219B valuation) | Detailed Notes |
|---|---|---|---|---|
| 1 | Vanguard Group Inc. | 9.58% | $21.0 billion | Largest holder via index funds (e.g., VTI, VOO); owns ~78.6M shares. Passive with ~$9.3T AUM; added ~0.8% in Q3 2025; core S&P 500 weighting (~6%). No direct control; focuses on AI/semiconductor growth. |
| 2 | BlackRock Inc. | 7.94% | $17.4 billion | Holds ~65.1M shares through iShares ETFs (e.g., IVV); passive/active mix. Increased ~0.5% in Q3 2025; board observer on governance/ESG. Key in AI funds; AMAT ~0.3% of portfolio. |
| 3 | State Street Corporation | 4.03% | $8.8 billion | Owns ~33.1M shares via SPDRs (e.g., SPY); fully passive. Stable QoQ; votes proxies on exec comp and supply chain ethics. ~4% of tech holdings; supports $10B buyback program. |
| 4 | Capital Research Global Investors | 3.05% | $6.7 billion | ~25.0M shares in growth strategies; active manager. Added ~18% in Q3; focuses on deposition tools (up 10% Q4 FY2025). |
| 5 | Geode Capital Management, LLC | 2.41% | $5.3 billion | Fidelity affiliate with ~19.8M shares in index trackers; passive. Grew ~0.3% in Q3; tracks Nasdaq 100; minimal voting power. |
| 6 | JPMorgan Chase & Co. | 2.00% | $4.4 billion | ~16.4M shares in asset management; index/active blend. Up ~1% in 2025; provides banking/debt for AMAT's $7B cash reserves. |
| 7 | AllianceBernstein L.P. | 2.62% | $5.7 billion | ~21.5M shares; active with Q3 additions. Bullish on ICAPS nodes (up 15% YoY). |
| 8 | Ameriprise Financial Inc. | 2.56% | $5.6 billion | ~21.0M shares across funds; active manager. Stable QoQ; holds for services revenue (~$2B FY2025). |
| 9 | Sanders Capital LLC | 2.25% | $4.9 billion | ~18.5M shares; value-oriented. Added ~10% in Q3; long-term AI conviction. |
| 10 | Gary E. Dickerson (President, CEO & Director) | 0.27% | $0.6 billion | ~2.15M shares; largest individual insider. Recent sales (~$944K Oct 31, 2025); oversees strategy since 2013; net worth ~$600M tied to performance. |
Total Top 10 = ~44.21% | Remaining: Other Institutions (~39%), Other Insiders (~0%, e.g., Brice A. Hill CFO at ~0.01%), Retail (~16.9%) | Grand Total = 100%
Conclusion
As of December 2025, Applied Materials' ownership is institutionally anchored (~83% total) by passive titans like Vanguard and BlackRock, ensuring stability for its $28.4B FY2025 revenue (up 4% YoY, ~80% from semiconductors) and record non-GAAP EPS of $8.66 (up 9% YoY), fueled by AI-driven demand despite China restrictions (28% of revenue). Insiders (~0.27% combined) like Dickerson align on innovation (e.g., new Epic Center), while retail's ~16.9% stake reflects chip enthusiasm. With $219B market cap (up 63% YoY) and $10B buybacks authorized ($4.9B in FY2025), expect ~0.5% annual share reductions, minor institutional rebalancing in Q4 13Fs (due Feb 2026), and Q1 FY2026 revenue ~$7.1B (up 10% YoY). This structure supports wafer fab dominance via $1.78 annual dividends (0.69% yield). For filings, visit SEC EDGAR or Applied Materials' investor relations.