(As of December 12, 2025 | Post Q3 2025 earnings and recent insider transactions)
Current market capitalization: ≈ $195 billion (based on ~$182/share and 1.07 billion shares outstanding)
Introduction
Qualcomm Incorporated (NASDAQ: QCOM), founded in 1985 by Irwin Jacobs and Andrew Viterbi in San Diego, California, is a global leader in wireless telecommunications products and services, specializing in semiconductors (Snapdragon processors), 5G/6G modem tech, and AI edge computing. It operates through QCT (chipsets, ~90% revenue) and QTL (licensing, ~10%). Public since 1991, its ownership is institutionally dominant (~75%), with insiders ~0.08-2.52% (founders/executives), and retail ~22%. The table below details the top 10 from Q3 2025 13F filings and SEC data, with values at current market cap. Recent activity includes 11 insider transactions (3 sales totaling $24.83M, e.g., CAO Patricia Grech sold 78,858 shares for $3.42M on Dec 2), and no major buybacks announced.
| Rank | Owner / Stakeholder | Ownership % | Approx. Value ($195B valuation) | Detailed Notes |
|---|---|---|---|---|
| 1 | Vanguard Group Inc. | 10.60% | $20.7 billion | Largest holder via index funds (e.g., VTI, VOO); owns ~113.5M shares. Passive with ~$9.3T AUM; added ~0.3% in Q3 2025; core S&P 500 weighting (~6%). No direct control; focuses on AI/5G growth. |
| 2 | BlackRock Inc. | 9.20% | $17.9 billion | Holds ~98.57M shares through iShares ETFs (e.g., IVV); passive/active mix. Increased ~0.5% in Q3 2025; board observer on governance/ESG. Key in semiconductor funds; QCOM ~0.3% of portfolio. |
| 3 | State Street Corporation | 4.94% | $9.6 billion | Owns ~52.96M shares via SPDRs (e.g., SPY); fully passive. Stable QoQ; votes proxies on exec comp and IP ethics. ~4% of tech holdings; supports cash position ($13.5B). |
| 4 | Geode Capital Management, LLC | 2.40% | $4.7 billion | Fidelity affiliate with ~25.68M shares in index trackers; passive. Grew ~0.3% in Q3; tracks Nasdaq 100; minimal voting power. |
| 5 | Morgan Stanley | 1.75% | $3.4 billion | ~18.72M shares via wealth/ETFs; index/active blend. Up ~1% in 2025; provides advisory for QCOM's M&A (e.g., Alphawave stake). |
| 6 | Invesco Ltd. | 3.12% | $6.1 billion | ~33.42M shares via ETFs (e.g., QQQ); passive. Added ~5% in Q3; bullish on handset chips (up 11% Q3). |
| 7 | Merrill Lynch International | 2.44% | $4.8 billion | ~26.35M shares; active manager. Stable QoQ; focuses on licensing (~$1.32B Q3). |
| 8 | Amundi Asset Management | 2.11% | $4.1 billion | ~22.59M shares; European growth holder. Increased ~10% in Q3; holds for automotive/IoT (up 23% YoY). |
| 9 | Irwin M. Jacobs (Co-Founder) | 1.73% | $3.4 billion | ~18.55M shares; largest individual insider. Legacy stake; no recent sales; net worth ~$3.2B tied to performance. |
| 10 | Price T. Rowe Associates Inc. | 1.50% | $2.9 billion | ~16.0M shares in growth funds (e.g., Blue Chip); trimmed ~1% on valuation but holds for AI PCs. |
Total Top 10 = ~58.59% | Remaining: Other Institutions (~16%), Other Insiders (~1%, e.g., Akash Palkhiwala CFO at ~0.01%), Retail (~22%) | Grand Total = 100%
Conclusion
As of December 2025, Qualcomm's ownership is institutionally anchored (~75% total) by passive titans like Vanguard and BlackRock, ensuring stability for its $44.28B FY2025 revenue (up 13% YoY, ~90% from QCT) and $5.54B net income (up ~20% YoY est., adj. EPS $9.46 up 12%), driven by handset chips ($6.33B Q3, up 11%) and diversification (automotive/IoT up 23%). Insiders (~2.52% combined) reflect routine sales ($24.83M in 3 sales over 3 months) amid expansions (e.g., Snapdragon 8 Elite in 90 flagships), while retail's ~22% stake highlights AI enthusiasm. With $195B market cap (up ~15% YoY) and no active buybacks, expect minor share reductions from grants, institutional rebalancing in Q4 13Fs (due Feb 2026), and Q1 2026 revenue ~$10.7B (up 10% YoY). This structure supports wireless dominance via $3.68 annual dividends (2% yield). For filings, visit SEC EDGAR or Qualcomm's investor relations.