Costco Wholesale

COST • NASDAQ

Costco Wholesale is a discount stores company in the consumer defensive sector on NASDAQ, led by W. Craig Jelinek, with a market cap of $392.67B. As of Q3 2025, 66% of shares are held by 3,810 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.8%.

President and Chief Executive OfficerW. Craig Jelinek

Market Cap$392.67B

Discount Stores

Consumer Defensive

Employees316.0K

Websitecostco.com

Country

United States of America

Overview

Overview of institutional ownership in COST as of Q3 2025 with a market cap of $410.27B

All Institutions

Institutions: 3,810
Value Held: $272.40B
Shares Held: 294.5M
Avg Position: $71.5M
Median Position: $1.9M

Hedge Funds

Hedge Funds: 122
Value Held: $5.4B
Shares Held: 5.8M
Avg Position: $44.2M
Median Position: $2.8M

Ownership Breakdown

Institutional (non-HF)

65.08%

$267.00B

Hedge Funds

1.32%

$5.4B

Retail & Other

33.61%

$137.87B

Based on market cap of $410.27B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in COST as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$40.2B 0.60% of portfolio	9.80% 43.5M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$32.2B 0.57% of portfolio	7.85% 34.8M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$16.8B 0.58% of portfolio	4.10% 18.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$9.6B 0.61% of portfolio	2.34% 10.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$8.7B 0.53% of portfolio	2.12% 9.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
FMR LLC Institution	-	$7.4B 0.38% of portfolio	1.79% 8.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$6.4B 0.48% of portfolio	1.55% 6.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$4.7B 0.60% of portfolio	1.14% 5.1M shares	≤ Q2 2013 Held for 12y 5m+	$782.01B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$3.9B 0.61% of portfolio	0.94% 4.2M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
R ROYAL BANK OF CANADA Institution	-	$3.6B 0.66% of portfolio	0.88% 3.9M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B

Net Capital Flow

Institutional buying and selling activity for COST in Q3 2025

Traded: −$2.9B
Buyers: 1,747
Sellers: 1,724
Total Bought: +$8.9B
Total Sold: −$11.8B
Avg Position: $68.5M

Biggest Buyers

Institution	Net Bought	Current Position
A Amundi Institution	+$898.4M +986.2K shares	$2.9B 3.2M shares
GOLDMAN SACHS GROUP INC Institution	+$571.4M +617.4K shares	$3.4B 3.7M shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	+$404.5M +437.0K shares	$858.9M 927.9K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$390.8M +422.2K shares	$440.7M 476.1K shares
BANK OF MONTREAL /CAN/ Institution	+$367.4M +396.9K shares	$1.7B 1.9M shares
D D. E. Shaw & Co., Inc. Institution	+$314.6M +339.9K shares	$432.0M 466.7K shares
J JANE STREET GROUP, LLC Institution	+$241.6M +261.0K shares	$389.4M 420.6K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$233.7M +252.5K shares	$441.9M 477.4K shares
LEUCADIA NATIONAL CORP Institution	+$218.5M +236.0K shares	$221.1M 238.9K shares
SUSQUEHANNA ADVISORS GROUP, INC. Private Equity	+$202.8M +219.1K shares	$202.8M 219.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
FMR LLC Institution	−$1.4B −1.5M shares	$7.4B 8.0M shares
N Nuveen, LLC Institution	−$882.7M −953.6K shares	$2.3B 2.5M shares
B BlackRock, Inc. Institution	−$742.3M −801.9K shares	$32.2B 34.8M shares
A Assenagon Asset Management S.A. Institution	−$702.4M −758.9K shares	$62.4M 67.4K shares
A AXA Institution	−$363.3M −392.5K shares	$1.5M 1.6K shares
S Squarepoint Ops LLC Hedge Fund•Quant	−$325.4M −351.6K shares	$210.8M 227.7K shares
JENNISON ASSOCIATES LLC Long Only Manager	−$319.4M −345.1K shares	$2.6B 2.8M shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	−$219.5M −237.1K shares	$2.8B 3.1M shares
Marshall Wace LLP Institution	−$215.2M −232.4K shares	$84.3M 91.0K shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	−$208.9M −225.7K shares	$98.3M 106.2K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited COST in Q3 2025

New Positions: 55
New Value: $276.3M
Exited Positions: 168
Exited Value: $473.8M

New Positions

Institution	Position Value
SUSQUEHANNA ADVISORS GROUP, INC. Private Equity	$202.8M 219.1K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$16.3M 17.6K shares
T TEMA ETFS LLC Institution	$6.8M 7.3K shares
180 GPS Investments IC Ltd RIA/Wealth	$5.9M 6.4K shares
Q Qsemble Capital Management, LP Hedge Fund•Quant	$5.8M 6.3K shares
Concord Investment Counsel Inc. RIA/Wealth	$4.6M 4.9K shares
VALICENTI ADVISORY SERVICES INC RIA/Wealth	$4.2M 4.6K shares
RWWM, Inc. RIA/Wealth	$4.0M 4.3K shares
SANDERS MORRIS HARRIS INC. Long Only Manager	$2.7M 2.9K shares
T Torrey Growth & Income Advisors RIA/Wealth	$2.5M 2.7K shares

Exited Positions

Institution	Previous Position
R Railway Pension Investments Ltd Institution	$58.0M 58.5K shares
R Rheos Capital Works Inc. Institution	$49.5M 50.0K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$37.4M 37.8K shares
D Delta Accumulation, LLC Hedge Fund•Vol Arbitrage	$32.5M 36.7K shares
Z Zurich Insurance Group Ltd/FI Institution	$31.7M 32.0K shares
Quantbot Technologies LLC Hedge Fund•Quant	$27.1M 27.4K shares
H HRT FINANCIAL LLC Institution	$25.3M 25.6K shares
Dundas Partners LLP Long Only Manager	$23.7M 24.0K shares
Q QVR LLC Hedge Fund•Vol Arbitrage	$22.7M 22.9K shares
S Sienna Gestion Institution	$17.1M 19.0K shares

Options Activity

Institutions with the largest Call and Put options positions in COST as of Q3 2025

Call Positions: 64
Call Value: $7.5B
Put Positions: 77
Put Value: $8.5B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.7B 28.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.7B 18.7K contracts
J JANE STREET GROUP, LLC Institution	$886.6M 9.6K contracts
W WOLVERINE TRADING, LLC Institution	$527.1M 5.7K contracts
D D. E. Shaw & Co., Inc. Institution	$296.6M 3.2K contracts
GOLDMAN SACHS GROUP INC Institution	$225.5M 2.4K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$178.8M 1.9K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$130.9M 1.4K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$117.2M 1.3K contracts
Q Qube Research & Technologies Ltd Institution	$101.1M 1.1K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.3B 36.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.2B 12.5K contracts
J JANE STREET GROUP, LLC Institution	$819.6M 8.9K contracts
W WOLVERINE TRADING, LLC Institution	$526.4M 5.7K contracts
LEUCADIA NATIONAL CORP Institution	$218.4M 2.4K contracts
SUSQUEHANNA ADVISORS GROUP, INC. Private Equity	$202.8M 2.2K contracts
CITIGROUP INC Institution	$201.0M 2.2K contracts
Q Qube Research & Technologies Ltd Institution	$185.8M 2.0K contracts
BANK OF MONTREAL /CAN/ Institution	$173.0M 1.9K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$164.3M 1.8K contracts

Most Committed Institutions

Institutions with COST as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Emerald Advisors, LLC Family Office	Michael Glen Smith Member	76.59% $577.2M	0.14% 623.6K shares	Q4 2019 Held for 5y 11m	$753.6M
W WORLDLY PARTNERS MANAGEMENT, LLC Hedge Fund•Multi-Strategy	Arvind Navaratnam Founder	46.23% $77.4M	0.02% 83.6K shares	Q4 2022 Held for 2y 11m	$167.5M
I I.G.Y. Ltd Institution	-	37.13% $88.6M	0.02% 95.7K shares	Q1 2020 Held for 5y 8m	$238.7M
STEGINSKY CAPITAL LLC RIA/Wealth	Andrew Dale Steginsky Managing Partner	21.29% $115.9M	0.03% 125.3K shares	Q4 2016 Held for 8y 11m	$544.6M
N Norman Fields, Gottscho Capital Management, LLC RIA/Wealth	Christopher Martin Gottscho President	18.06% $53.6M	0.01% 57.9K shares	Q1 2013 Held for 12y 8m	$296.8M
G Greenbrier Partners Capital Management, LLC Hedge Fund•Value	Ginette Rowe Beecherl Managing Partner	14.06% $207.7M	0.05% 224.4K shares	≤ Q2 2013 Held for 12y 5m+	$1.5B
GARRISON BRADFORD & ASSOCIATES INC RIA/Wealth	Sherli Sf Looi President	11.08% $10.4M	0.00% 11.2K shares	≤ Q2 2013 Held for 12y 5m+	$93.6M
O Ocean Capital Management, LLC RIA/Wealth	Jessica Marie Markarian CCO	10.39% $51.6M	0.01% 55.8K shares	Q4 2018 Held for 6y 11m	$496.8M
Chapman Investment Management, LLC RIA/Wealth	Scott Andrew Chapman CEO	9.61% $13.5M	0.00% 14.6K shares	Q4 2019 Held for 5y 11m	$140.6M
E EVERETT HARRIS & CO /CA/ RIA/Wealth	Oliver Northcote Crary CEO	9.05% $728.9M	0.18% 787.5K shares	≤ Q2 2013 Held for 12y 5m+	$8.1B

Hedge Fund Spotlight

Discover hedge funds investing in COST

Unio Capital LLC

Hedge Fund • Long/Short

Portfolio ManagerJohn Anthony Allison

Portfolio Value: $419.7M
Positions: 21
Last Reported: Q3 2025

Sector Allocation

Position in Costco Wholesale

Market Value: $37.0M
Shares Held: 40.0K
Portfolio Weight: 8.82%
Owned Since: 2018-Q1

Top Holding	Sector	Market Value	Weight
1 Cigna CI	Medical - Healthcare Plans Healthcare	$47.4M	11.28%
2 Chubb CB	Insurance - Property & Casualty Financial Services	$44.5M	10.60%
3 Costco Wholesale COST	Discount Stores Consumer Defensive	$37.0M	8.82%