EWBC East West Bancorp, Inc. - Common Stock
About East West Bancorp, Inc. - Common Stock Company overview from Wikipedia
East West Bank is an American bank that is the primary subsidiary of East West Bancorp. It is the largest publicly traded bank headquartered in Southern California. The company has been ranked the #1 performing U.S. bank with more than $10 billion in assets by S&P Global Market Intelligence, and the top performing bank in its asset size by Bank Director for three straight years since 2023.
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East West Bank is an American bank that is the primary subsidiary of East West Bancorp. It is the largest publicly traded bank headquartered in Southern California. The company has been ranked the #1 performing U.S. bank with more than $10 billion in assets by S&P Global Market Intelligence, and the top performing bank in its asset size (in excess of $50 billion) by Bank Director for three straight years since 2023.
East West was founded in 1973 in Los Angeles to serve the Chinese American community. As of 2025, the company is involved in commercial banking, residential lending, private equity, media, entertainment, infrastructure, healthcare, clean energy, technology, manufacturing, commercial real estate, and other sectors.
History
In 1973, East West Federal Bank was founded as a federal savings and loan association, focused on serving the Chinese American community in Southern California.
In 1991, during the savings and loan crisis, the company acquired Pacific Coast Savings, which increased the bank's assets from $600 million to $1 billion and expanded operations to San Francisco, California.
In 1992, Dominic Ng was named CEO of the company. East West became a state-chartered commercial bank on July 31, 1995. In 1999, the company acquired First Central Bank for $13.5 million in cash.
In 2004, East West acquired Trust Bank, a Chinese American bank based in Monterey Park, California, with four branches and $235 million in assets, for $32.9 million. In 2005, the company acquired United National Bank, a commercial bank headquartered in San Marino, California, with 11 branches and $665 million in loans receivable, for $177.9 million. In 2006, the company acquired Standard Bank, a Chinese-American bank headquartered in Monterey Park, California, with 6 branches and $923 million in assets, for $200 million.
In 2007, the company acquired Desert Community Bank, a community bank operating in the Victor Valley region of California. Desert Community Bank branches remained branded as such and did not change to East West. In November 2017, East West agreed to sell Desert Community Bank to Flagstar Bank; the deal was completed in March 2018.
In 2009, East West acquired the assets of San Francisco-based United Commercial Bank (UCB), via a transaction facilitated by the Federal Deposit Insurance Corporation. This expanded East West’s reach by 63 branches, including 17 in Southern California, and branches in Houston, Boston, and Atlanta, as well as branches in Hong Kong and China.
In 2010, the company acquired the assets, including four branches, of Washington First International Bank of Seattle, Washington, via a transaction facilitated by the Federal Deposit Insurance Corporation. In 2014, East West acquired MetroCorp Bancshares, which operated as MetroBank, for $268 million in cash and stock.
In 2023, the company was named the top public bank in the United States with more than $10 billion in assets by S&P Global Market Intelligence. That same year, East West celebrated its 50th anniversary and became the largest state-chartered bank in California, surpassing $68 billion in assets.
In 2021, 2023, 2024, and 2025, East West earned recognition as the top performing bank in the $50 billion and above asset size category by Bank Director. As of June 2025, East West has more than $78 billion in assets and over 100 locations in the U.S. and Asia. In September 2024, the company marked its 25th anniversary on the Nasdaq stock exchange, with CEO Dominic Ng ringing the opening bell.
East West is also known for helping finance major films and television shows, including Everything Everywhere All at Once, Yellowstone, and Orange is the New Black.
Philanthropy
2025 wildfire relief
After the January 2025 Southern California wildfires, East West donated $250,000 to the Pasadena Community Foundation’s Eaton Fire Relief and Recovery Fund. The bank contributed an additional $100,000 to the YMCA of Metropolitan Los Angeles, while the bank’s employees created their own relief fund with the company matching contributions. East West’s donations to first responders and nonprofit organizations exceeded $1 million, as of August 2025. For customers, East West activated a “Skip-a-Pay” program, allowing affected homeowners to delay mortgage payments.
The bank also partnered with major museums, foundations, and philanthropists to help launch the “LA Arts Community Fire Relief Fund,” which raised an initial $12 million to support artists and arts workers impacted by the fires.
East West has participated in United Way’s WalkUnited LA. In July 2025, more than 500 East West-affiliated participants joined the walk, raising over $40,000. The bank pledged an additional $100,000 matching grant. East West’s other nonprofit partners include Gold House Foundation, Grameen America, Junior Achievement, Operation Hope, and San Gabriel Habitat for Humanity.
Sponsorships
In 2005, East West signed figure skater Michelle Kwan to be a spokesperson and purchased the naming rights to East West Ice Palace, an ice rink arena in Artesia, California.
In 2023, the company signed professional golfer Rose Zhang to a sponsorship deal.
In 2024, the Los Angeles County Museum of Art (LACMA) announced a new multi-year partnership with East West, which supports exhibitions and educational programs at the museum. East West has also helped LACMA expand its collection.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
EWBC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
EWBC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| Aug. 3, 2026 | $0.8000 |
| May 4, 2026 | $0.8000 |
| Feb. 2, 2026 | $0.8000 |
| Nov. 3, 2025 | $0.6000 |
| Aug. 4, 2025 | $0.6000 |
| May 2, 2025 | $0.6000 |
| Feb. 3, 2025 | $0.6000 |
| Nov. 4, 2024 | $0.5500 |
| Aug. 2, 2024 | $0.5500 |
| May 2, 2024 | $0.5500 |
| Feb. 1, 2024 | $0.5500 |
| Oct. 31, 2023 | $0.4800 |
| July 31, 2023 | $0.4800 |
| April 28, 2023 | $0.4800 |
| Feb. 3, 2023 | $0.4800 |
| Oct. 31, 2022 | $0.4000 |
| July 29, 2022 | $0.4000 |
| April 29, 2022 | $0.4000 |
| Feb. 4, 2022 | $0.4000 |
| Oct. 29, 2021 | $0.3300 |
EWBC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 6 26.1%
- Buy 12 52.2%
- Hold 5 21.7%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
16 analysts · 2026-08-15Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $2.63 | $2.67 | -0.04% |
| March 31, 2026 | $2.57 | $2.52 | 0.05% |
| Dec. 31, 2025 | $2.52 | $2.55 | -0.03% |
| Sept. 30, 2025 | $2.62 | $2.42 | 0.20% |
| June 30, 2025 | $2.28 | $2.29 | -0.01% |
| March 31, 2025 | $2.09 | $2.10 | -0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| EWBC | $15.46B | 11.8 | 12.2% | 45.2% | 15.5% | — |
| TFC | $62.13B | 12.9 | 53.0% | 26.1% | 8.2% | — |
| MTB | — | 11.9 | 7.5% | 172.1% | 9.9% | — |
| HBAN | — | — | — | — | — | — |
| CFG | $25.07B | 15.1 | 5.6% | 22.2% | 7.1% | — |
| RF | — | 11.8 | — | 28.6% | 11.4% | — |
| PNFP | $7.41B | 11.8 | 18.3% | 31.2% | 9.5% | — |
| WBS | — | 10.7 | 11.9% | — | — | — |
| FHN | $11.59B | 12.8 | 7.2% | 28.7% | 11.1% | — |
| UMBF | $8.74B | 12.4 | 62.8% | 26.5% | 9.4% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | · | · | · | · | · | · | $55M | $53M | $54M | $52M | |
| Interest Expense | · | · | $1.38B | $275M | $87M | $218M | $414M | $265M | $140M | $105M | |
| Interest Income | $4.29B | $4.19B | $3.69B | $2.32B | $1.62B | $1.60B | $1.88B | $1.65B | $1.33B | $1.14B | |
| Pretax Income | $1.73B | $1.48B | $1.46B | $1.41B | $1.06B | $686M | $844M | $819M | $735M | $572M | |
| Income Tax | $400M | $316M | $299M | $284M | $183M | $118M | $170M | $115M | $229M | $141M | |
| Net Income | $1.33B | $1.17B | $1.16B | $1.13B | $873M | $568M | $674M | $704M | $506M | $432M | |
| EPS (Basic) | $9.58 | $8.39 | $8.23 | $7.98 | $6.16 | $3.99 | $4.63 | $4.86 | $3.50 | $3.00 | |
| EPS (Diluted) | $9.52 | $8.33 | $8.18 | $7.92 | $6.10 | $3.97 | $4.61 | $4.81 | $3.47 | $2.97 | |
| Shares (Basic) | 138,342,000 | 138,898,000 | 141,164,000 | 141,326,000 | 141,826,000 | 142,336,000 | 145,497,000 | 144,862,000 | 144,444,000 | 144,087,000 | |
| Shares (Diluted) | 139,130,000 | 139,958,000 | 141,902,000 | 142,492,000 | 143,140,000 | 142,991,000 | 146,179,000 | 146,169,000 | 145,913,000 | 145,172,000 | |
| EBITDA | $213M | $198M | $163M | $160M | $157M | $120M | $144M | $139M | $150M | $163M |
Balance Sheet 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.19B | $5.25B | $4.61B | $3.48B | $3.91B | $4.02B | $3.26B | $3.00B | $2.17B | $1.88B | |
| PP&E (Net) | $82M | $82M | $86M | $89M | $97M | $103M | $118M | $119M | $121M | $160M | |
| Accum. Depreciation | $175M | $166M | $158M | $148M | $139M | $128M | $117M | $119M | $112M | $115M | |
| Goodwill | $466M | $466M | $466M | $466M | $466M | $466M | $466M | $466M | $469M | $469M | |
| Intangibles | · | · | · | · | · | · | · | · | · | $28M | |
| Total Assets | $80.43B | $75.98B | $69.61B | $64.11B | $60.87B | $52.16B | $44.20B | $41.04B | $37.12B | $34.79B | |
| Short-term Debt | · | · | · | · | · | · | $29M | $58M | $0 | $60M | |
| Total Liabilities | $71.54B | $68.25B | $62.66B | $58.13B | $55.03B | $46.89B | $39.18B | $36.62B | $33.28B | $31.36B | |
| Long-term Debt | · | · | · | · | · | · | · | $147M | $172M | $186M | |
| Total Debt | · | · | · | · | · | · | $29M | $58M | $0 | $60M | |
| Common Stock | $170.0K | $170.0K | $169.0K | $168.0K | $168.0K | $167.0K | $167.0K | $166.0K | $165.0K | $164.0K | |
| Paid-in Capital | $2.11B | $2.03B | $1.98B | $1.94B | $1.89B | $1.86B | $1.83B | $1.79B | $1.76B | $1.73B | |
| Retained Earnings | $8.30B | $7.31B | $6.47B | $5.58B | $4.68B | $4.00B | $3.69B | $3.16B | $2.58B | $2.19B | |
| Treasury Stock | $1.17B | $1.03B | $875M | $769M | $650M | $634M | $480M | $468M | $452M | $439M | |
| AOCI | $-346M | $-585M | $-621M | $-766M | $-90M | $44M | $-18M | $-58M | $-38M | $-48M | |
| Stockholders' Equity | $8.90B | $7.72B | $6.95B | $5.98B | $5.84B | $5.27B | $5.02B | $4.42B | $3.84B | $3.43B | |
| Liabilities + Equity | $80.43B | $75.98B | $69.61B | $64.11B | $60.87B | $52.16B | $44.20B | $41.04B | $37.12B | $34.79B | |
| Shares Outstanding | 137,578,862 | 138,437,299 | 140,027,367 | 140,947,846 | 141,907,954 | 141,565,229 | 145,625,385 | · | · | · |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $213M | $212M | $174M | $160M | $157M | $120M | $144M | $139M | $150M | $138M | |
| Stock-based Comp | $76M | $46M | $40M | $38M | $33M | $29M | $31M | $31M | $25M | $22M | |
| Deferred Tax | $-8M | $-14M | $-49M | $-44M | $5M | $-42M | $-22M | $-16M | $34M | $27M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | $7M | $8M | |
| Other Non-cash | $-105M | $16M | $110M | $784M | $101M | $18M | $-92M | $26M | $-17M | $-1M | |
| Operating Cash Flow | $1.50B | $1.41B | $1.42B | $2.07B | $1.17B | $693M | $733M | $883M | $703M | $650M | |
| CapEx | · | · | · | · | $6M | $3M | $10M | $14M | $14M | $12M | |
| Investing Cash Flow | $-5.48B | $-6.30B | $-4.25B | $-4.58B | $-9.12B | $-6.87B | $-2.59B | $-3.83B | $-2.51B | $-1.80B | |
| Stock Repurchased | $116M | $143M | $82M | $100M | $0 | $146M | $0 | $0 | · | · | |
| Net Stock Activity | $-116M | $-143M | $-82M | $-100M | $0 | $-146M | · | · | · | · | |
| Financing Cash Flow | $2.90B | $5.53B | $3.96B | $2.11B | $7.84B | $6.91B | $2.13B | $3.80B | $2.07B | $1.68B | |
| Net Change in Cash | $-1.06B | $636M | $1.13B | $-431M | $-105M | $757M | $260M | $827M | $296M | $518M | |
| Taxes Paid | $278M | $247M | $292M | $281M | $139M | $116M | $158M | $86M | $98M | $39M | |
| Free Cash Flow | · | · | · | · | $1.16B | $691M | $726M | $869M | $683M | · | |
| Levered FCF | · | · | · | · | $1.09B | $510M | $395M | $641M | $587M | · |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 45.2% | 44.6% | 44.5% | 48.1% | 48.0% | 35.2% | 1218.5% | 1311.8% | 35.0% | 35.5% | |
| Pretax Margin | 58.9% | 56.7% | 56.0% | 60.2% | 58.1% | 42.5% | 1525.6% | 1526.2% | 50.9% | 47.1% | |
| EBITDA Margin | 7.3% | 7.6% | 6.3% | 6.8% | 8.6% | 7.4% | 260.6% | 260.0% | 10.4% | 13.4% | |
| ROA | 1.7% | 1.6% | 1.7% | 1.8% | 1.4% | 1.1% | 1.5% | 1.8% | 1.4% | 1.3% | |
| ROE | 15.5% | 15.2% | 17.1% | 19.4% | 15.2% | 10.9% | 13.6% | 16.2% | 13.3% | 12.7% |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | · | · | · | · | · | · | 0.0 | 0.0 | 0.0 | 0.0 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 12.2% | 0.33% | 11.1% | 29.0% | 12.7% | · | · | · | · | · | |
| Revenue CAGR 3Y | 7.7% | 12.9% | 17.3% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 12.7% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 14.3% | 1.8% | 3.3% | 29.8% | 53.6% | · | · | · | · | · | |
| EPS CAGR 3Y | 6.3% | 10.9% | 27.3% | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 19.1% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 13.7% | 0.38% | 2.9% | 29.2% | 53.8% | · | · | · | · | · | |
| Net Income CAGR 3Y | 5.5% | 10.1% | 26.9% | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 18.5% | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $61M | $61M | $61M | $61M | $61M | $61M | $55M | $53M | $54M | $52M | |
| Net Income TTM | $1.33B | $1.17B | $1.16B | $1.13B | $873M | $568M | $674M | $704M | $506M | $432M | |
| Market Cap | $15.46B | $13.26B | $10.07B | $9.29B | · | · | · | · | · | · | |
| P/E | 11.8 | 11.5 | 8.8 | 8.3 | 12.9 | 12.8 | 10.6 | 9.0 | 17.5 | 17.1 | |
| P/S | 251.6 | 215.7 | 163.9 | 151.1 | · | · | · | · | · | · | |
| P/B | 1.7 | 1.7 | 1.4 | 1.6 | · | · | · | · | · | · | |
| P / Tangible Book | 1.8 | 1.8 | 1.6 | 1.7 | · | · | · | · | · | · | |
| P / Cash Flow | 10.3 | 9.4 | 7.1 | 4.5 | · | · | · | · | · | · | |
| Earnings Yield | 8.5% | 8.7% | 11.4% | 12.0% | 7.8% | 7.8% | 9.5% | 11.1% | 5.7% | 5.8% |
Income Statement 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Expense | · | · | · | · | · | · | · | · | $481M | $458M | · | $391M | $339M | $236M | · | $76M | |
| Interest Income | $1.08B | $1.06B | $1.07B | $1.13B | $1.06B | $1.03B | $1.06B | $1.08B | $1.03B | $1.02B | $990M | $962M | $906M | $836M | $761M | $628M | |
| Pretax Income | $468M | $457M | $467M | $465M | $402M | $391M | $356M | $389M | $364M | $372M | $327M | $354M | $358M | $421M | $388M | $384M | |
| Income Tax | $104M | $100M | $111M | $97M | $92M | $101M | $63M | $90M | $76M | $87M | $88M | $66M | $46M | $99M | $52M | $89M | |
| Net Income | $364M | $358M | $356M | $368M | $310M | $290M | $293M | $299M | $288M | $285M | $239M | $288M | $312M | $322M | $337M | $295M | |
| EPS (Basic) | $2.65 | $2.59 | $2.55 | $2.68 | $2.25 | $2.10 | $2.12 | $2.16 | $2.07 | $2.04 | $1.71 | $2.03 | $2.21 | $2.28 | $2.38 | $2.10 | |
| EPS (Diluted) | $2.63 | $2.57 | $2.55 | $2.65 | $2.24 | $2.08 | $2.10 | $2.14 | $2.06 | $2.03 | $1.69 | $2.02 | $2.20 | $2.27 | $2.37 | $2.08 | |
| Shares (Basic) | 137,450,000 | 138,054,000 | -275,353,000 | 137,676,000 | 137,818,000 | 138,201,000 | -278,097,000 | 138,606,000 | 138,980,000 | 139,409,000 | -282,901,000 | 141,485,000 | 141,468,000 | 141,112,000 | -283,045,000 | 140,917,000 | |
| Shares (Diluted) | 138,301,000 | 138,919,000 | -277,892,000 | 138,942,000 | 138,789,000 | 139,291,000 | -279,752,000 | 139,648,000 | 139,801,000 | 140,261,000 | -284,009,000 | 142,122,000 | 141,876,000 | 141,913,000 | -285,114,000 | 142,011,000 | |
| EBITDA | · | $62M | · | · | · | $49M | · | · | · | $51M | · | · | · | $33M | · | · |
Balance Sheet 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.09B | $4.44B | $4.19B | $4.69B | $4.41B | $3.45B | $5.25B | $4.86B | $4.37B | $4.21B | · | $4.56B | $6.38B | $5.93B | · | $2.16B | |
| PP&E (Net) | $186M | $178M | $82M | $79M | $81M | $82M | $82M | $81M | $82M | $84M | · | $88M | $89M | $90M | · | $92M | |
| Accum. Depreciation | $184M | $178M | $175M | $172M | $170M | $169M | $166M | $164M | $162M | $160M | · | $155M | $153M | $151M | · | $146M | |
| Goodwill | $466M | $466M | $466M | $466M | $466M | $466M | $466M | $466M | $466M | $466M | · | $466M | $466M | $466M | · | $466M | |
| Total Assets | $84.76B | $82.89B | $80.43B | $79.67B | $78.16B | $76.17B | $75.98B | $74.48B | $72.47B | $70.88B | $69.61B | $68.29B | $68.53B | $67.24B | $64.11B | $62.58B | |
| Total Liabilities | $75.52B | $73.89B | $71.54B | $71.09B | $69.96B | $68.24B | $68.25B | $66.82B | $65.25B | $63.85B | · | $61.69B | $62.07B | $60.94B | · | $56.92B | |
| Common Stock | $171.0K | $171.0K | $170.0K | $170.0K | $170.0K | $170.0K | $170.0K | $170.0K | $170.0K | $170.0K | · | $169.0K | $169.0K | $169.0K | · | $168.0K | |
| Paid-in Capital | $2.15B | $2.13B | $2.11B | $2.10B | $2.06B | $2.04B | $2.03B | $2.02B | $2.01B | $1.99B | · | $1.97B | $1.96B | $1.95B | · | $1.93B | |
| Retained Earnings | $8.80B | $8.55B | $8.30B | $8.03B | $7.74B | $7.52B | $7.31B | $7.10B | $6.87B | $6.66B | · | $6.29B | $6.08B | $5.83B | · | $5.30B | |
| Treasury Stock | $1.29B | $1.29B | $1.17B | $1.17B | $1.14B | $1.14B | $1.03B | $1.01B | $1.01B | $971M | · | $792M | $792M | $791M | · | $769M | |
| AOCI | $-414M | $-388M | $-346M | $-376M | $-462M | $-495M | $-585M | $-437M | $-654M | $-663M | · | $-875M | $-782M | $-680M | · | $-800M | |
| Stockholders' Equity | $9.25B | $9.00B | $8.90B | $8.58B | $8.20B | $7.93B | $7.72B | $7.66B | $7.22B | $7.02B | $6.95B | $6.60B | $6.46B | $6.31B | $5.98B | $5.66B | |
| Liabilities + Equity | $84.76B | $82.89B | $80.43B | $79.67B | $78.16B | $76.17B | $75.98B | $74.48B | $72.47B | $70.88B | · | $68.29B | $68.53B | $67.24B | · | $62.58B | |
| Shares Outstanding | 137,010,612 | 136,979,112 | 137,578,862 | 137,568,060 | 137,816,091 | 137,802,089 | 138,437,299 | 138,609,253 | 138,604,437 | 139,121,162 | 140,027,367 | 141,485,949 | 141,483,668 | 141,395,800 | 140,947,846 | 140,917,512 |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $65M | $62M | $54M | $28M | $81M | $49M | $62M | $50M | $55M | $52M | $-673.0K | $68M | $74M | $33M | $78M | $33M | |
| Stock-based Comp | $17M | $20M | $14M | $36M | $13M | $13M | $11M | $11M | $11M | $13M | $10M | $9M | $9M | $11M | $8M | $12M | |
| Deferred Tax | $8M | $-299.0K | $18M | $-2M | $-2M | $-22M | $-2M | $-4M | $-2M | $-7M | $-50M | $-15.0K | $489.0K | $609.0K | $-38M | $1M | |
| Other Non-cash | · | $-11M | · | · | · | $-53M | · | · | · | $-76M | · | · | · | $-144M | · | · | |
| Operating Cash Flow | $601M | $429M | $713M | $232M | $279M | $278M | $500M | $386M | $259M | $266M | $562M | $382M | $257M | $223M | $450M | $687M | |
| CapEx | $13M | $99M | · | · | $2M | $3M | · | · | · | · | · | · | · | · | · | · | |
| Investing Cash Flow | $-1.46B | $-2.26B | $-1.56B | $-952M | $-934M | $-2.04B | $-1.52B | $-1.50B | $-1.41B | $-1.87B | $-1.35B | $-1.56B | $-707M | $-633M | $-333M | $-275M | |
| Stock Repurchased | $-1.0K | $98M | $1M | $25M | $4M | $85M | $20M | $0 | $41M | $82M | $82M | $0 | $0 | $0 | $0 | $0 | |
| Net Stock Activity | · | $-98M | · | · | · | $-85M | · | · | · | $-82M | · | · | · | · | · | · | |
| Financing Cash Flow | $1.50B | $2.07B | $305M | $1.02B | $1.62B | $-46M | $1.42B | $1.59B | $1.31B | $1.20B | $836M | $-645M | $916M | $2.86B | $1.19B | $-130M | |
| Net Change in Cash | $650M | $251M | $-506M | $284M | $962M | $-1.80B | $391M | $494M | $155M | $-404M | $54M | $-1.82B | $444M | $2.45B | $1.32B | $261M | |
| Taxes Paid | $134M | $15M | $14M | $37M | $208M | $19M | $5M | $9M | $194M | $39M | $7M | $29M | $255M | $0 | $48M | $45M | |
| Free Cash Flow | · | $330M | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
Profitability 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 46.0% | 46.2% | · | 47.3% | 44.1% | 41.9% | · | 45.5% | 45.2% | 44.3% | · | 44.4% | 48.4% | 48.9% | · | 47.1% | |
| Pretax Margin | 59.1% | 59.1% | · | 59.8% | 57.2% | 56.5% | · | 59.2% | 57.1% | 57.8% | · | 54.6% | 55.4% | 63.9% | · | 61.3% | |
| EBITDA Margin | · | 8.1% | · | · | · | 7.1% | · | · | · | 7.9% | · | · | · | 4.9% | · | · | |
| ROA | 0.45% | 0.45% | · | 0.48% | 0.41% | 0.39% | · | 0.42% | 0.41% | 0.41% | · | 0.44% | 0.48% | 0.50% | · | 0.48% | |
| ROE | 4.2% | 4.2% | · | 4.5% | 4.0% | 3.9% | · | 4.2% | 4.2% | 4.3% | · | 4.7% | 5.2% | 5.4% | · | 5.2% |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $61M | $61M | · | $61M | $61M | $61M | · | $61M | $61M | $61M | · | $61M | $61M | $61M | · | $61M | |
| Net Income TTM | $1.40B | $1.33B | · | $1.27B | $1.19B | $1.16B | · | $1.16B | $1.17B | $1.21B | · | $1.22B | $1.19B | $1.11B | · | $1.02B | |
| Market Cap | $17.69B | $14.62B | · | $14.64B | $13.92B | $12.37B | · | $11.47B | $10.15B | $11.01B | · | $7.46B | $7.47B | $7.85B | · | $9.46B | |
| P/E | 12.8 | 11.2 | · | 11.7 | 11.9 | 10.8 | · | 10.0 | 8.8 | 9.3 | · | 6.2 | 6.3 | 7.1 | · | 9.4 | |
| P/S | 287.8 | 237.9 | · | 238.3 | 226.4 | 201.2 | · | 186.6 | 165.1 | 179.1 | · | 121.3 | 121.5 | 127.7 | · | 153.9 | |
| P/B | 1.9 | 1.6 | · | 1.7 | 1.7 | 1.6 | · | 1.5 | 1.4 | 1.6 | · | 1.1 | 1.2 | 1.2 | · | 1.7 | |
| P / Tangible Book | 2.0 | 1.7 | · | 1.8 | 1.8 | 1.7 | · | 1.6 | 1.5 | 1.7 | · | 1.2 | 1.2 | 1.3 | · | 1.8 | |
| P / Cash Flow | · | 34.1 | · | · | · | 44.5 | · | · | · | 41.3 | · | · | · | 35.2 | · | · | |
| P / FCF | · | 44.4 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 7.8% | 8.9% | · | 8.6% | 8.4% | 9.3% | · | 10.0% | 11.3% | 10.8% | · | 16.3% | 15.8% | 14.1% | · | 10.6% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | |
|---|---|---|---|---|---|
| Net Income | $1.33B | — | — | $1.17B | — |
| Diluted EPS | $9.52 | — | — | $8.33 | — |
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Institutional owners (13F) 682 filers · $9.8B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 111 (+14 vs prior Q) | 53 (0 vs prior Q) | 227 (+2 vs prior Q) | 199 (+21 vs prior Q) | -3.9M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $851,374,239 | 6,595,199 | 8.71% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $798,159,468 | 6,182,969 | 8.16% | Shares |
| FMR LLC | $713,687,833 | 5,528,607 | 7.30% | Shares |
| STATE STREET CORP | $648,357,752 | 5,022,525 | 6.63% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $574,877,659 | 4,453,309 | 5.88% | Shares |
| FIRST TRUST ADVISORS LP | $403,383,659 | 3,124,825 | 4.13% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $377,898,711 | 2,927,405 | 3.86% | Shares |
| Capital International Investors | $367,927,991 | 2,850,167 | 3.76% | Shares |
| Himalaya Capital Management LLC | $358,399,151 | 2,776,351 | 3.67% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $298,647,578 | 2,290,633 | 3.05% | Shares |
| Capital Research Global Investors | $241,816,939 | 1,873,243 | 2.47% | Shares |
| NORGES BANK | $213,004,696 | 1,650,048 | 2.18% | Shares |
| EARNEST PARTNERS LLC | $209,929,127 | 1,626,223 | 2.15% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $201,241,163 | 1,558,921 | 2.06% | Shares |
| CITADEL ADVISORS LLC | $169,912,002 | 1,316,229 | 1.74% | Shares |
| JENNISON ASSOCIATES LLC | $128,273,117 | 993,672 | 1.31% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $111,769,607 | 865,827 | 1.14% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $96,734,108 | 749,354 | 0.99% | Shares |
| VANGUARD GROUP INC | $93,900,946 | 835,492 | 0.96% | Shares |
| Fisher Asset Management, LLC | $92,155,821 | 713,888 | 0.94% | Shares |
| ALLIANCEBERNSTEIN L.P. | $88,105,291 | 825,265 | 0.90% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $83,862,157 | 649,641 | 0.86% | Shares |
| MILLER HOWARD INVESTMENTS INC /NY | $79,063,799 | 612,470 | 0.81% | Shares |
| AMERICAN CENTURY COMPANIES INC | $78,353,037 | 606,964 | 0.80% | Shares |
| Balyasny Asset Management L.P. | $77,280,503 | 598,656 | 0.79% | Shares |
| GOLDMAN SACHS GROUP INC | $60,129,864 | 465,798 | 0.61% | Shares |
| TWO SIGMA INVESTMENTS, LP | $59,572,324 | 461,479 | 0.61% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $55,709,305 | 431,554 | 0.57% | Shares |
| BANK OF AMERICA CORP /DE/ | $50,592,566 | 391,917 | 0.52% | Shares |
| RHUMBLINE ADVISERS | $48,213,505 | 373,488 | 0.49% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $45,883,879 | 355,441 | 0.47% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $43,569,885 | 337,516 | 0.45% | Shares |
| Retirement Systems of Alabama | $39,026,231 | 302,318 | 0.40% | Shares |
| Qube Research & Technologies Ltd | $37,733,007 | 292,300 | 0.39% | Shares |
| California Public Employees Retirement System | $37,172,369 | 287,957 | 0.38% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $36,995,258 | 286,585 | 0.38% | Shares |
| RAYMOND JAMES FINANCIAL INC | $36,719,052 | 284,445 | 0.38% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $35,744,000 | 276,889 | 0.37% | Shares |
| Swiss National Bank | $35,654,658 | 276,200 | 0.36% | Shares |
| WHITTIER TRUST CO | $34,283,879 | 260,496 | 0.35% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $33,593,478 | 260,233 | 0.34% | Shares |
| Boston Trust Walden Corp | $31,909,886 | 247,191 | 0.33% | Shares |
| Erste Asset Management GmbH | $31,642,799 | 245,122 | 0.32% | Shares |
| FERGUSON WELLMAN CAPITAL MANAGEMENT, INC | $30,566,582 | 236,785 | 0.31% | Shares |
| Aware Super Pty Ltd as trustee of Aware Super | $29,267,930 | 226,725 | 0.30% | Shares |
| Arbejdsmarkedets Tillaegspension | $29,135,613 | 225,700 | 0.30% | Shares |
| BANK OF MONTREAL /CAN/ | $28,441,109 | 220,320 | 0.29% | Shares |
| ZWJ INVESTMENT COUNSEL INC | $27,863,222 | 215,843 | 0.28% | Shares |
| Quantinno Capital Management LP | $27,752,085 | 214,982 | 0.28% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $27,060,230 | 209,008 | 0.28% | Shares |
| UBS Group AG | $27,025,508 | 209,354 | 0.28% | Shares |
| Boston Partners | $26,713,760 | 206,939 | 0.27% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $25,930,437 | 200,871 | 0.27% | Shares |
| Point72 Asset Management, L.P. | $24,933,475 | 193,148 | 0.26% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $24,735,580 | 191,615 | 0.25% | Shares |
| PRUDENTIAL FINANCIAL INC | $24,218,962 | 187,613 | 0.25% | Shares |
| Capital International, Inc./CA/ | $23,656,130 | 183,253 | 0.24% | Shares |
| BlackRock, Inc. | $23,390,333 | 181,194 | 0.24% | Shares |
| AMERIPRISE FINANCIAL INC | $22,515,749 | 174,419 | 0.23% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $21,898,415 | 169,625 | 0.22% | Shares |
| STRS OHIO | $21,452,563 | 166,183 | 0.22% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $21,414,095 | 165,885 | 0.22% | Shares |
| MILLENNIUM MANAGEMENT LLC | $21,341,288 | 165,321 | 0.22% | Shares |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $20,735,985 | 160,632 | 0.21% | Shares |
| Stieven Capital Advisors, L.P. | $20,383,827 | 157,904 | 0.21% | Shares |
| TRILLIUM ASSET MANAGEMENT, LLC | $19,438,675 | 150,582 | 0.20% | Shares |
| DNB Asset Management AS | $19,186,259 | 148,627 | 0.20% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $17,483,018 | 163,760 | 0.18% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $16,869,868 | 130,683 | 0.17% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $16,673,029 | 156,173 | 0.17% | Shares |
| Access Investment Management LLC | $16,342,278 | 126,596 | 0.17% | Shares |
| Carmel Capital Management L.L.C. | $16,249,849 | 125,880 | 0.17% | Shares |
| WHITTIER TRUST CO OF NEVADA INC | $16,171,267 | 123,927 | 0.17% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $15,655,648 | 121,277 | 0.16% | Shares |
| Nuveen, LLC | $15,483,184 | 119,941 | 0.16% | Shares |
| VAN ECK ASSOCIATES CORP | $14,794,230 | 114,604 | 0.15% | Shares |
| Mirae Asset Global Investments Co., Ltd. | $14,778,352 | 114,481 | 0.15% | Shares |
| IEQ CAPITAL, LLC | $12,371,204 | 95,834 | 0.13% | Shares |
| MARSICO CAPITAL MANAGEMENT LLC | $12,352,880 | 95,692 | 0.13% | Shares |
| Focus Partners Wealth | $11,944,331 | 92,527 | 0.12% | Shares |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC | $11,913,071 | 92,285 | 0.12% | Shares |
| SEI INVESTMENTS CO | $11,341,490 | 87,865 | 0.12% | Shares |
| Horizon Investments, LLC | $11,097,822 | 86,499 | 0.11% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $10,987,753 | 85,117 | 0.11% | Shares |
| Squarepoint Ops LLC | $10,794,506 | 83,620 | 0.11% | Shares |
| JANE STREET GROUP, LLC | $10,491,402 | 81,272 | 0.11% | Shares |
| Legal & General Group Plc | $10,375,480 | 80,374 | 0.11% | Shares |
| Mariner, LLC | $10,212,363 | 79,110 | 0.10% | Shares |
| TUDOR INVESTMENT CORP ET AL | $10,161,578 | 78,717 | 0.10% | Shares |
| LPL Financial LLC | $9,763,260 | 75,632 | 0.10% | Shares |
| Nuveen Asset Management, LLC | $9,666,110 | 100,941 | 0.10% | Shares |
| Matthew 25 Management Corp | $9,359,025 | 72,500 | 0.10% | Shares |
| NISA INVESTMENT ADVISORS, LLC | $9,232,775 | 71,522 | 0.09% | Shares |
| PRUDENTIAL PLC | $9,186,948 | 71,167 | 0.09% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $9,130,494 | 70,730 | 0.09% | Shares |
| Polar Capital Holdings Plc | $9,044,691 | 70,065 | 0.09% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $8,894,688 | 68,903 | 0.09% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $8,551,660 | 82,955 | 0.09% | Shares |
| MetLife Investment Management, LLC | $8,512,582 | 65,943 | 0.09% | Shares |
| Vanguard Global Advisers, LLC | $8,367,227 | 64,817 | 0.09% | Shares |
Company insiders 40 insiders · 19 officers · 18 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Dominic Ng | Chief Executive Officer | May 6, 2026 S | 707,930 | 0 | 7 | $-16,763,638 |
| Gregory L Guyett | President and COO | Feb. 16, 2018 A | 30 | 0 | 0 | $0 |
| Julia S Gouw | President | March 18, 2016 S | 0 | 0 | 0 | $0 |
| Robert Bulseco | Executive Vice-President | March 5, 2004 A | 5,596 | 0 | 0 | $0 |
| Parker Shi | Chief Operating Officer | March 4, 2025 F | 23,794 | 0 | 0 | $0 |
| Irene H Oh | Chief Risk Officer | June 15, 2026 S | 84,698 | 0 | 6 | $-4,061,132 |
| Gary Teo | Executive Vice President | Aug. 27, 2025 S | 12,235 | 0 | 2 | $-697,376 |
| Lisa L. Kim | Executive Vice President | May 15, 2025 S | 14,849 | 0 | 0 | $0 |
| Andy Yen | Executive Vice President | March 8, 2021 F | 65,150 | 0 | 0 | $0 |
| Catherine Zhou | Executive Vice President | Oct. 2, 2020 M | 19,259 | 0 | 0 | $0 |
| Albert Sun | Executive Vice President | March 1, 2016 A | — | 0 | 0 | $0 |
| James Schuler | Executive Vice President | Feb. 27, 2015 A | 16,240 | 0 | 0 | $0 |
| Wellington Chen | Executive Vice President | Feb. 28, 2011 F | 29,857 | 0 | 0 | $0 |
| William J Lewis | Executive Vice President | March 10, 2010 F | 17,933 | 0 | 0 | $0 |
| Donald Sang Chow | Executive Vice President | March 10, 2010 F | 50,763 | 0 | 0 | $0 |
| Karen Fukumura | Executive Vice President | March 2, 2010 A | 33,432 | 0 | 0 | $0 |
| Thomas J. Tolda | Executive Vice President | Dec. 11, 2009 A | 23,423 | 0 | 0 | $0 |
| David Spigner | Executive Vice President | Feb. 19, 2008 A | 12,317 | 0 | 0 | $0 |
| Michael W Lai | Executive Vice President | Feb. 19, 2008 A | 9,831 | 0 | 0 | $0 |
| Serge Dumont | Director | May 20, 2025 A | 7,844 | 0 | 0 | $0 |
| Alvarez Manuel Pham | Director | May 20, 2025 A | 10,283 | 0 | 0 | $0 |
| Mark R Hutchins | Director | May 20, 2025 A | 5,516 | 0 | 0 | $0 |
| Sabrina Kay | Director | May 20, 2025 A | 14,684 | 0 | 0 | $0 |
| Molly Campbell | Director | May 20, 2025 A | 12,056 | 0 | 0 | $0 |
| Archana Deskus | Director | May 20, 2025 A | 15,031 | 0 | 0 | $0 |
| Paul H Irving | Director | May 20, 2025 A | 42,406 | 0 | 0 | $0 |
| Rudolph Estrada | Director | Nov. 5, 2024 S | 17,750 | 0 | 0 | $0 |
| Iris S Chan | Director | May 28, 2021 A | 29,710 | 0 | 0 | $0 |
| Herman Y Li | Director | March 25, 2020 S | 25,789 | 0 | 0 | $0 |
| Keith W Renken | Director | Feb. 1, 2018 G | 74,183 | 0 | 0 | $0 |
| Tak-Chuen Clarence Kwan | Director | Aug. 5, 2014 A | 8,452 | 0 | 0 | $0 |
| Andrew Kane | Director | July 23, 2013 A | 28,302 | 0 | 0 | $0 |
| Peggy Cherng | Director | July 29, 2010 A | 147,008 | 0 | 0 | $0 |
| Keith Renken | Director | Jan. 19, 2010 M | 42,663 | 0 | 0 | $0 |
| John Kooken | Director | July 26, 2006 A | 6,245 | 0 | 0 | $0 |
| Jack C Liu | — | Aug. 12, 2026 S | 13,709 | 0 | 3 | $-409,119 |
| Douglas Paul Krause | — | Aug. 6, 2026 S | 36,974 | 0 | 4 | $-3,559,100 |
| Lester Sussman | — | May 18, 2026 A | 25,946 | 0 | 0 | $0 |
| Wendy H Cai-Lee | — | Dec. 8, 2016 S | 42,007 | 0 | 0 | $0 |
| John Lee | — | Aug. 1, 2016 A | 316,528 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 122 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SCAP · Series Portfolios Trust | 3.27% | 5,437 NS | May 31, 2026 | N-PORT |
| PJFM · PGIM ETF Trust | 3.00% | 4,072 NS | May 29, 2026 | N-PORT |
| AMID · EA Series Trust | 2.00% | 17,162 NS | May 29, 2026 | N-PORT |
| EPMB · Harbor ETF Trust | 1.65% | 588 NS | April 30, 2026 | N-PORT |
| RDVI · First Trust Exchange-Traded Fund IV | 1.63% | 396,627 NS | April 30, 2026 | N-PORT |
| EPSB · Harbor ETF Trust | 1.59% | 585 NS | April 30, 2026 | N-PORT |
| GDIV · Harbor ETF Trust | 1.55% | 27,729 NS | April 30, 2026 | N-PORT |
| SMDX · Tidal Trust III | 1.25% | 12,373 NS | April 30, 2026 | N-PORT |
| DPST · Direxion Shares ETF Trust | 1.11% | 43,635 NS | April 30, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 1.08% | 109,608 NS | April 30, 2026 | N-PORT |
| FFSM · FIDELITY COVINGTON TRUST | 1.01% | 103,029 NS | April 30, 2026 | N-PORT |
| SDVD · First Trust Exchange-Traded Fund IV | 0.98% | 64,643 NS | April 30, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.73% | 18,173 NS | April 30, 2026 | N-PORT |
| FXO · First Trust Exchange-Traded AlphaDE… | 0.70% | 59,709 NS | April 30, 2026 | N-PORT |
| MIDE · DBX ETF Trust | 0.68% | 185 NS | May 29, 2026 | N-PORT |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.60% | 61,745 NS | April 30, 2026 | N-PORT |
| SMIZ · Zacks Trust | 0.59% | 12,515 NS | May 31, 2026 | N-PORT |
| FQAL · FIDELITY COVINGTON TRUST | 0.59% | 63,451 NS | April 30, 2026 | N-PORT |
| QDEF · FlexShares Trust | 0.54% | 22,659 NS | April 30, 2026 | N-PORT |
| CGDG · Capital Group Dividend Growers ETF | 0.53% | 217,243 NS | May 31, 2026 | N-PORT |
| QDF · FlexShares Trust | 0.52% | 88,110 NS | April 30, 2026 | N-PORT |
| ESLV · Strategy Shares | 0.51% | 478 NS | April 30, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.51% | 15,785 NS | April 30, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.45% | 22,818 NS | May 31, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.45% | 21,965 NS | April 30, 2026 | N-PORT |
| SCHD · SCHWAB STRATEGIC TRUST | 0.42% | 3,285,925 NS | May 31, 2026 | N-PORT |
| JSTC · Tidal Trust I | 0.40% | 10,953 NS | May 31, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.39% | 46,028 NS | April 30, 2026 | N-PORT |
| ABCS · EA Series Trust | 0.38% | 352 NS | May 29, 2026 | N-PORT |
| MVV · ProShares Trust | 0.36% | 4,755 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.35% | 21,878 NS | May 31, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.34% | 2,278 NS | April 30, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.32% | 60,475 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.31% | 372,040 NS | May 31, 2026 | N-PORT |
| AVLV · AMERICAN CENTURY ETF TRUST | 0.31% | 323,632 NS | May 31, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.30% | 3,267 NS | April 30, 2026 | N-PORT |
| BFOR · ALPS ETF Trust | 0.27% | 4,711 NS | May 31, 2026 | N-PORT |
| UMDD · ProShares Trust | 0.25% | 664 NS | May 31, 2026 | N-PORT |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.21% | 6,888 NS | May 31, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.21% | 36,004 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.17% | 27,258 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.14% | 154,940 NS | April 30, 2026 | N-PORT |
| FTLS · First Trust Exchange-Traded Fund III | 0.13% | 23,222 NS | April 30, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.12% | 6,671 NS | May 31, 2026 | N-PORT |
| ACVF · ETF Opportunities Trust | 0.12% | 1,324 NS | April 30, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.11% | 4,210 NS | May 31, 2026 | N-PORT |
| ESUM · Strategy Shares | 0.11% | 1,293 NS | April 30, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.10% | 108,746 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.07% | 80,893 NS | May 31, 2026 | N-PORT |
| AVLC · AMERICAN CENTURY ETF TRUST | 0.07% | 7,589 NS | May 31, 2026 | N-PORT |