Porsche shareholders: Who owns the most POAHY stock?
Last week, Porsche AG (P911) completed what is considered to be the largest initial public offering (IPO) of a private company in European history after it sold millions of preferred shares at €82.50 ($89.56) each –– a price that valued the automobile manufacturer at €75bn ($75.2bn).
Porsche AG stock should not be confused with Porsche SE (POAHY or PAH3). They are two entirely different businesses. Porsche AG is the sports car manufacturer. Porsche SE stock is a holding company that owns 53.3% of Volkswagen (VOW3), the parent company of Porsche AG.
In this article, we take a look at who owns the most shares of Porsche SE and what that could mean for investors down the road.
What is a Porsche SE?
Porsche SE is a European holding company and majority stakeholder of Volkswagen AG. Created in 2007, the company is used as an investment vehicle for the Porsche and Piëch families.
Some other companies in the Porsche SE portfolio are PTV Group, a traffic management solutions company, Markforged, a 3D printing business, and Aeva, a laser-based sensors producer.
Porsche SE delivered net income of €4.6bn in 2021 and had net liquidity of €641m. The value of its equity investments stood at €41.5bn.
Hans Dieter Pötsch is the company's Chairman of the Board of Management. As of October 2022, the company employs over 800 people.
Porsche SE shares are listed on the Frankfurt Stock Exchange (FSE) under the ticker symbol PAH3. The company’s American Depositary Shares (ADS) can be traded over the counter (OTC) in the US market, where they trade under the ticker symbol POAHY. They represent one-tenth of an ordinary share of Porsche Automobile Holding SE.
In the past 10 years, POAHY shareholders have enjoyed a gain of 13%, as of 2 October. During that same period, the S&P 500 (US500) and the Dow Jones Industrial Average (US30) produced gains of 149% and 114%, respectively.
Who are the shareholders of Porsche?
According to the company’s website, all 153,125,000 ordinary shares issued by Porsche SE are owned by the Porsche and Piëch families. These shares have voting rights.
The same amount of preferred shares, with no voting rights, are trading on public markets. According to Porsche, more than half of all preferred shares are in the hands of institutional shareholders, most of which are domiciled outside of Germany.
The remaining free float of preferred shares is held by private investors, most of which are in Germany, according to the company’s records.
As of Porsche AG, the automobile manufacturer, three-quarters of its ordinary shares minus one share are owned by Volkswagen, while 25% plus one share are owned by Porsche SE. This gives Porsche SE full control over Porsche AG.
Meanwhile, 25% of the preferred shares issued by Porsche AG were sold to the public. The Qatar Investment Fund committed to buying 4.99% of the allocation. Other sovereign wealth funds from countries including Norway and Abu Dhabi also committed to purchasing a large number of preferred shares.
Porsche major shareholders: Institutions
Who are Porsche's biggest shareholders? The following is a list of the company’s major shareholders, according to data from MarketScreener, as of 2 October.
It is important to note that these shareholders only own preferred shares of Porsche SE. Ordinary shares of the holding company are owned entirely by the Porsche and Piëch families.
These institutions either manage money for the investors they serve or offer vehicles through which investors get indirect exposure to Porsche SE. In any case, even though these institutions are listed as shareholders, they may be acting on behalf of their clients and not be the ultimate owners of the company’s preferred shares.
Capital Group – 2.9%
Capital Group was listed among the top shareholders of Porsche SE. The asset management firm owned 2.9% of the company’s preferred shares, as of 2 October data.
Capital Group is one of America’s largest asset management firms, overseeing over $2trn in assets for clients through its many actively and passively managed investment vehicles, including mutual funds and exchange-traded funds (ETFs).
The Vanguard Group – 2.7%
The Vanguard Group’s assets under management (AUM) exceeded $7.5 as of April 2022, making it the second largest firm of its kind in the US. Vanguard offers its clients an extensive list of investment solutions that cater to both retail and institutional investors.
As of 2 October, Vanguard owned 4.06 million shares of Porsche SE, putting it second on the list of the biggest Porsche shareholders.
Union Investment Privatfonds – 2.5%
One of the largest Porsche shareholders, Union Investment is a private investment management group primarily owned by DZ Bank AG but also by several German cooperative banks. It was founded in 1956 and it oversees over €400bn in assets for investors as of June 2022, the majority of which focus on fixed income and equity instruments.
Fidelity Management & Research – 2.5%
Fidelity is one of America’s oldest financial services firms. The company was founded nearly a century ago by Edward C. Johnson, and has grown to become a powerhouse in the asset management industry. The firm had over $3.74tn in AUM, as of June 2022.
Fidelity offers a wide range of investment vehicles for institutional and retail clients. It was listed as the fourth largest shareholder of Porsche, as of 2 October.
Amundi Asset Management – 1.9%
The list of Porsche biggest shareholders includes Amundi, one of Europe’s largest asset management firms with more than 100 million and €1.924tn AUM as of June 2022. The firm’s products include actively and passively managed vehicles such as exchange-traded funds (ETFs) and mutual funds.
Amundi ends our list of the top five Porsche shareholders, with a 1.9% stake. as of 2 October.
Porsche shareholders: Individuals
There is no public data available on how many preferred shares in Porsche SE are held by insiders and corporate officers. Its common stock is owned exclusively by the Porsche and Piëch dynasty.
According to the company’s website, as of 3 October, there were five family members on the supervisory board: Wolfgang Heinz Porsche, Dr. Hans Michel Piëch, Dr. Stefan Piëch, Dr. Ferdinand Oliver Porsche and Peter Daniell Porsche.
Wolfgang Heinz Porsche
Wolfgang Heinze Porsche is a grandson of Ferdinand Porsche, who founded the company in 1931. Wolfgang has been chairman of Porsche SE since 2007. He’s also on the supervisory boards of Porsche AG, Volkswagen AG and Audi AG.
Dr. Hans Michel Piëch
Piëch is deputy chairman of Porsche SE’s supervisory board, which he's been on since 1989. He’s also been a member of the Volkswagen and Audi boards since 2009. Dr Hans Michael Piëch is the son of the Porsche founder’s daughter Louise, who married her father’s colleague Anton Piëch, in what would become Europe’s biggest automaking dynasty.
Stefan Piëch
Stefan Piëch is the son of Dr. Hans Michel Piëch and has been on the Porsche SE’s supervisory board since 2018.. He’s also a board member at a number of other companies, including Siemens and Volskwagen, and is the CEO of Your Family Entertainment, a children’s entertainment company.
Dr Ferdinand Oliver Porsche
Dr Ferdinand Porsche is another great grandson of the automotive pioneer. He is Wolfgang Porsche’s nephew and Stefan Piëch’s second cousin. Originally trained as a lawyer at the University of Salzburg, he served as the managing director of Porsche Design Management between 1994 and 2004. He’s currently the controlling shareholder of Porsche SE, and sits on supervisory boards of Audi AG, and Volkswagen AG among others.
Peter Daniell Porsche
Peter Daniell Porsche is the cousin of Dr Ferdinand Oliver Porsche and a nephew of Wolfgang Porsche. Like his cousin, Peter has been on the Porsche SE board since 2018. He’s also on the board of Czech automaker Škoda.
The bottom line
While knowledge about who owns the most Porsche shares may provide an important insight in the company’s performance, it shouldn’t be used as a substitute for your own research.
Always conduct your own due diligence looking at the fundamental and technical analysis, the latest news and a wide range of analyst commentary. Remember, past performance does not guarantee future returns, and never trade money you cannot afford to lose.
FAQs
How many Porsche shares are there?
According to the company’s website, all of the 153,125,000 ordinary shares – those with voting power – issued by Porsche SE are owned by the Porsche and Piëch families.
The same amount of preferred shares, which have no voting rights, trade on public markets.
How many shareholders does Porsche have?
All ordinary shares in Porsche SE are owned by the Porsche and Piëch families. More than half of Porsche shareholders of preferred stock are institutional investors, most of which are domiciled outside of Germany. The remaining preferred shares are in the hands of private investors domiciled in Germany.
Who owns the Porsche company?
The Porsche and Piëch families are Porsche major shareholders. They own all of the company’s ordinary shares that have exclusive voting power.
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