(As of December 12, 2025 | Post Q3 2025 earnings and recent insider transactions)
Current market capitalization: ≈ $331 billion (based on ~$140.76/share and 2.35 billion shares outstanding)
Introduction
Procter & Gamble Co. (NYSE: PG), founded in 1837 by William Procter and James Gamble in Cincinnati, Ohio, is a global leader in consumer goods, with iconic brands like Tide, Pampers, Gillette, and Crest spanning beauty, grooming, health care, fabric & home care, and baby/feminine care. Public since 1890, it features a single-class share structure (one vote per share), ensuring broad governance. Ownership is institutionally dominant (~70%), insiders ~0.07% (executives/directors), and retail ~30%. The table below details the top 10 economic shareholders from Q3 2025 13F filings and SEC data, with values at current market cap. Recent activity includes minor insider sales (~$108K total in Q4 2025) and $5B quarterly buybacks reducing shares by ~0.5% YoQ.
| Rank | Owner / Stakeholder | Ownership % | Approx. Value ($331B valuation) | Detailed Notes |
|---|---|---|---|---|
| 1 | Vanguard Group Inc. | 10.04% | $33.2 billion | Largest holder via index funds (e.g., VTI, VOO); owns ~234.63M shares as of Sep 30, 2025. Passive with ~$9.3T AUM; added ~1.5% in Q3 2025, core S&P 500 weighting (~6%). No direct control; focuses on staple stability. |
| 2 | BlackRock Inc. | 7.65% | $25.3 billion | Holds ~178.66M shares through iShares ETFs (e.g., IVV); passive/active mix. Increased ~0.5% in Q3 2025; board observer on governance/ESG. Key in consumer funds; PG ~0.3% of portfolio. |
| 3 | State Street Corporation | 4.31% | $14.3 billion | Owns ~100.63M shares via SPDRs (e.g., SPY); fully passive. Stable QoQ; votes proxies on exec comp and sustainability. ~4% of staples holdings; supports $20B annual buybacks. |
| 4 | Geode Capital Management, LLC | 2.60% | $8.6 billion | Fidelity affiliate with ~60.67M shares in index trackers; passive. Grew ~0.3% in Q3; tracks S&P 500; minimal voting power. |
| 5 | Morgan Stanley | 2.20% | $7.3 billion | ~51.33M shares via wealth/ETFs; index/active blend. Up ~1% in 2025; provides advisory for PG's global expansions. |
| 6 | JPMorgan Chase & Co. | 1.50% | $5.0 billion | ~35.2M shares in asset management; index/active blend. Stable QoQ; banking partner for PG's $8B+ cash reserves. |
| 7 | Bank of America Corporation | 1.40% | $4.6 billion | ~32.8M shares; strategic peer holding. Increased ~0.5% QoQ; synergies in consumer finance. |
| 8 | FMR LLC (Fidelity) | 1.20% | $4.0 billion | ~28.1M shares across funds (e.g., Contrafund); active with minor Q3 trim. Bullish on grooming/health (e.g., Gillette sales up 2%). |
| 9 | Norges Bank (Norway Sovereign Wealth Fund) | 1.37% | $4.5 billion | ~32M shares as of Jun 2025; ethical focus, voting on ESG. Added ~0.2% in Q3; no operational control. |
| 10 | Jon R. Moeller (CEO & Chairman) | 0.02% | $66 million | ~470K shares; largest active insider. Recent stability; oversees strategy since 2021; net worth tied to performance. |
Total Top 10 = ~32.29% | Remaining: Other Institutions (~38%), Other Insiders (~0.05%, e.g., Andre Schulten CFO at ~0.005%), Retail (~30%) | Grand Total = 100%
Conclusion
As of December 2025, Procter & Gamble's ownership is institutionally anchored (~70% total) by passive leaders like Vanguard and BlackRock, providing stability for its $19.78B Q3 2025 revenue (down 2% YoY, organic +1%) and $3.77B net income (up 0.5% YoY), with core EPS at $1.54 amid volatile consumer demand. Insiders (~0.07% combined) like Moeller ensure execution on productivity (adjusted FCF 75%), while retail's ~30% stake reflects defensive appeal. With $331B market cap (down ~2% YoY) and $20B buybacks authorized, expect ~0.5% annual share reductions, minor institutional rebalancing in Q4 13Fs (due Feb 2026), and FY2025 sales flat to +1% on tariff headwinds. This structure supports brand dominance via $4.03 annual dividends (2.86% yield). For filings, visit SEC EDGAR or Procter & Gamble's investor relations.