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General Electric shareholders: Who owns the most GE stock?

By Alejandro Arrieche

Edited by Jekaterina Drozdovica

17:05, 13 January 2023

General Electric logo, emblem, symbol on the facade of General Electric Company.
General Electric stock is listed on the NYSE under the ticker symbol GE. Photo: OleksSH / Shutterstock

The value of General Electric (GE) stock has been on an uptrend ever since the company announced a spin-off of its Healthcare, Aviation, Renewable Energy, and Power businesses on 9 November 2022 as part of an ongoing restructuring.

In early January 2023 the firm completed the separation of GE HealthCare, which will now be listed as a standalone publicly-traded business under the ticker symbol “GEHC” on the New York Stock Exchange (NYSE).

Who are the top General Electric shareholders that are benefitting from these recent gains? Here we take a look at who owns the most shares of General Electric.

What is General Electric (GE)?

General Electric was founded in 1892 by Thomas Alva Edison after he acquired the assets of the Edison General Electric Company. The conglomerate has interests in multiple industries and has grown to become one of the largest companies in the world.

This is a breakdown of the business units that comprise General Electric before all of the spin-offs are completed. The healthcare segment is not included in this list as it has already been separated from the corporation.

  • Aerospace: produces materials and components for the aviation industry and provides aftermarket services.

  • Renewable Energy: builds infrastructure capable of generating energy by using renewable sources.

  • Power: provides equipment and solutions to the energy industry with a strong focus on oil & gas and power generation.

General Electric stock is listed on the NYSE under the ticker symbol GE. The company’s shares are also listed in many other exchanges around the world including Mexico, Argentina, Colombia, Switzerland, Italy, and France.

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Who are the shareholders of General Electric?

According to General Electric’s latest annual report as of 31 January 2022, 294,000 entities and individuals were registered as GE shareholders including brokerage firms and institutional investors that may hold the shares on behalf of their customers.

As per GuruFocus, as of 11 January, 1.85% of GE’s stock was owned by insiders while 83.33% of its common shares were held by institutions including brokerage firms, hedge funds, pension funds, and asset management companies.

Meanwhile, data from MarketScreener indicated that Capital Group, The Vanguard Group, and T. Rowe Price were the top three shareholders of General Electric. These are brokerage and asset management firms that either hold the stock on behalf of their customers or by some of the mutual funds and exchange-traded funds (ETFs) they manage.

General Electric’s shares have voting rights, meaning that all General Electric shareholders have a say in the company’s affairs in line with the number of shares they own.

General Electric’s major shareholders among institutions

  • The Capital Group – 13.4%

The Capital Group was the largest shareholder of General Electric via two of its subsidiaries – Global Investors and Investment Management, according to GuruFocus data as of 11 January.

As of June 2022 the global asset management firm oversaw assets worth over $2tn. Capital Group offers an ample portfolio of investment vehicles including ETFs and mutual funds that hold General Electric stock to mimic the performance of the benchmarks they track or as a result of their overall investment strategy. 

  • The Vanguard Group – 7.5%

Vanguard was the second institution in the list of the largest General Electric shareholders. Vanguard is one of America’s largest asset management companies, serving more than 30 million investors as of December 2022. 

Its suite of products includes ETFs, mutual funds, and target-date funds. The Vanguard Group offers a large number of US-focused investment vehicles that could incorporate GE shares within their portfolio as part of their investment strategy.

  • T. Rowe Price – 7.5%

T. Rowe Price is an independent investment management company that has a presence in over 56 countries. It caters to both individual and institutional investors via a network of more than 900 financial professionals who provide advisory services.


2,411.42 Price
-0.180% 1D Chg, %
Long position overnight fee -0.0191%
Short position overnight fee 0.0109%
Overnight fee time 21:00 (UTC)
Spread 0.60


0.53 Price
-2.190% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168


60,021.00 Price
+2.360% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00


3,193.91 Price
+0.900% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

T. Rowe specialises in strategic investing, retirement solutions, and ESG products. As of November 2022, the firm managed approximately $1.3 trillion in assets. 

General Electric’s biggest shareholders among insiders

The following individuals were considered General Electric biggest shareholders among the company’s insiders, according to data from GuruFocus as of 11 January. This list included the firm’s top executives and members of the Board of Directors.

General Electric’s top insider shareholders

Source: GuruFocus as of 11 January 2023

  • Mr. H. Lawrence Culp, Jr – 1.74 million shares

  • Mr. Francisco D’Souza – 151,500 shares

  • Mr. Thomas W. Horton – 55,248 shares

  • Mr. Michael J. Holston – 50,929 shares

  • Mr. Russell Stokes – 46,433 shares

These shares have been granted to insiders by the company via stock options as part of their compensation package.

  • H. Lawrence Culp, Jr

Mr. Culp is the CEO of both the GE Group and GE Aerospace. He was appointed to these positions in September 2018 and June 2022 respectively. 

Culp has spearheaded the company’s breakup process as part of an ongoing revamp of its operations that aims to make the organisation nimbler and less bureaucratic. Before joining GE, he served as President and CEO of Danaher Corporation.

  • Francisco D’Souza

Mr. D’Souza is an independent director on the Board of Directors of General Electric. He joined the top governance body of the conglomerate in 2013 and is the former CEO of Cognizant Technology Solutions, a tech company that he also co-founded. 

D’Souza is also a member of the Board of Directors of MongoDB, a trustee of Carnegie Mellon University, and a member of the International Advisory Panel of Banco Santander.

  • Thomas W. Horton

Mr. Horton is an independent director within GE’s Board of Directors. He became a member of the governance body in 2018 and is a partner at Global Infrastructure Partners – a NY-based investment fund.

 Horton served as Chairman and CEO of American Airlines  (AAL) between 2011 and 2014 and was also the Vice Chairman and CFO of AT&T. 

Final thoughts

Note while knowledge of biggest General Electric shareholders may be an important point of research, you should always conduct further due diligence on the stock before trading.

Always look at the latest news,  technical and fundamental analyses, and a wide range of commentary. Remember, past performance does not guarantee future returns and never trade more money than you can afford to lose. 


How many General Electric shares are there?

According to data provided by General Electric in its latest quarterly report, as of 30 September 2022, there were 1.09 billion common shares of the company in circulation.

How many shareholders does General Electric have?

According to General Electric’s latest annual report, as of 31 January 2022, there were  294,000 GE shareholders registered including brokerage firms and institutional investors that may hold the shares on behalf of their customers.

Who owns General Electric company?

According to data from GuruFocus as of 11 January, 83.3% of General Electric’s shares were in the hands of institutional investors. Meanwhile, the largest individual non-institutional shareholder of General Electric was H. Lawrence Culp, Jr, who owned 1.74 million shares.

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Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

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