TAP Molson Coors Beverage Company Class B Common Stock
$42.41
Price · Aug 21, 2026
Fundamentals as of Aug 6, 2026
52W Range
$38–$55
26% of range
Analyst Rating
HOLD
28 analysts
Price Target
$45
+7% upside
P/E (TTM)
-4.3
ROE
-18.4%
Net Profit Margin
-16.4%
About Molson Coors Beverage Company Class B Common Stock Company overview from Wikipedia
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company. The company is the fifth-largest brewer worldwide by beer output. Its operational headquarters are in Chicago for its Americas segment and Prague for its EMEA segment and its principal executive offices are in Golden, Colorado and Montréal, Québec.
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Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company. The company is the fifth-largest brewer worldwide by beer output. Its operational headquarters are in Chicago for its Americas segment and Prague for its EMEA segment and its principal executive offices are in Golden, Colorado and Montréal, Québec.
Notable Molson Coors brands include Blue Moon, Carling, Coors Banquet, Coors Light, George Killian's Irish Red, Granville Island Brewing, Hamm's, Hop Valley, Icehouse, Jelen, Keystone, Leinenkugel's, Miller High Life, Miller Lite, Milwaukee's Best, Molson Canadian, Molson Export, Ožujsko pivo, Staropramen, Steel Reserve, Terrapin, Trebjesa brewery, Vizzy Hard Seltzer, Madrí, and Zoa energy. Breweries owned include the Molson Brewery in Longueuil, Quebec, Blue Moon Brewing Company in Denver, Colorado, Borsod Brewery in Bőcs, Hungary, Coors Brewery in Golden, Colorado, Creemore Springs in Creemore, Ontario, Fraser Valley Brewery in Chilliwack, British Columbia, Leinenkugel Brewery in Chippewa Falls, Wisconsin, Miller Brewery in Milwaukee, Wisconsin, Pardubice Brewery in Pardubice, Czech Republic, Staropramen Brewery in Prague, Czech Republic, and Coors Brewers in Burton upon Trent, England.
Molson Coors was formed in 2005 through the merger of Molson of Canada and Coors of the United States. In 2016, Molson Coors acquired Miller Brewing Company for approximately US$12 billion.
## History
In July 2004, Molson Brewery and Coors Brewing Company announced a merger to form Molson Coors Brewing Company; it was completed in February 2005. Molson Brewery was started by John Molson in Montreal in 1786. Coors Brewing Company was started by Adolph Coors in Golden, Colorado, in 1873.
Molson Coors acquired Creemore Springs Brewery in April 2005.
The operations of Molson Coors in Brazil were sold to FEMSA in 2006.
In June 2008, SABMiller and Molson Coors Brewing Company combined their U.S. brewing operations in a joint venture, MillerCoors. SABMiller had 58% stake in the company, and Molson Coors had a 42% stake.
In February 2011, the company purchased Sharp's Brewery of Cornwall in England for £20 million.
In June 2012, the company expanded into the Central and Eastern European markets by acquiring StarBev from CVC Capital Partners.
In September 2015, Anheuser-Busch Inbev announced a merger with SABMiller. To gain regulatory approval, the U.S. Department of Justice required the company to sell its stake in MillerCoors, including Miller Brewing Company; the stake was acquired by Molson Coors in October 2016. The deal made Molson Coors the largest brewer in North America.
In January 2018, the company acquired Aspall Cider.
In October 2019, the company announced it would change its name to Molson Coors Beverage Company as a part of a restructuring to take place in 2020. The name change would reflect the company's growing focus on beverages outside of the traditional beer and brewing offerings. The company also retired the MillerCoors corporate brand name and reorganized its global business units into Molson Coors North America, with administrative headquarters in Chicago, and Molson Coors Europe, with administrative headquarters in Prague.
On February 26, 2020, in the Milwaukee brewery shooting, six people, including the shooter, were killed at a shooting near the company's Milwaukee brewing campus, a site for some of the company's corporate offices and brewing facilities and previously the headquarters for the Miller Brewing Company before it was acquired by Molson Coors.
In September 2020, Molson Coors and D. G. Yuengling & Son announced a joint venture to brew and package Yuengling beers in select Molson Coors’ breweries under Yuengling brewers’ supervision, and distribute them into new markets.
Molson Coors began offering whiskey including Five Trail Blended American Whiskey in 2021 and Barmen 1873 Bourbon in 2022. In August 2023, Molson Coors acquired Blue Run, a whiskey company based in Georgetown, Kentucky. It then established a new division, Coors Spirits Co.
In November 2024, the company acquired a majority stake in Zoa energy drinks.
In December 2024, the company acquired Cruz Blanca.
In January 2025, the company acquired an 8.5% stake in Fever-Tree Drinks.
In September 2025, Rahul Goyal was appointed CEO of the company.
In late 2025, the company eliminated 400 salaried positions in the Americas, approximately 9% of its workforce in that division.
In April 2026, the company acquired Atomic Brands, which makes Monaco Cocktails.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
TAP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$42.41
Market Cap
—
P/E (TTM)
-4.3
EPS (TTM)
$-10.75
Revenue (TTM)
$13.04B
Div Yield
—
ROE
-18.4%
Debt/Equity
0.6
52W Range
$38 – $55
TAP Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$13.04B
2016-12-31
→
2025-12-31
EPS
$-10.75
2016-12-31
→
2025-12-31
Free Cash Flow
$1.07B
2016-12-31
→
2025-12-31
Margins
-16.4%
2016-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
TAP
Peer Median
P/E (TTM)
-4.3
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
TAP
Peer Median
Gross Margin
32.8%
43.7%
Operating Margin
-17.9%
—
Net Profit Margin
-16.4%
-11.0%
ROA
-8.8%
-7.0%
ROE
-18.4%
-13.2%
ROIC
-12.3%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
TAP
Peer Median
Debt / Equity
0.6
—
Current Ratio
0.6
0.7
Quick Ratio
0.3
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
TAP
Peer Median
Revenue YoY
-5.1%
—
Revenue CAGR 3Y
0.60%
—
Revenue CAGR 5Y
2.1%
—
EPS YoY
22.4%
—
Net Income YoY
18.3%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
TAP
Peer Median
Payout Ratio
-17.6%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
-17.6%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| May 29, 2026 | $0.4800 |
| March 6, 2026 | $0.4800 |
| Dec. 5, 2025 | $0.4700 |
| Sept. 5, 2025 | $0.4700 |
| June 6, 2025 | $0.4700 |
| Feb. 27, 2025 | $0.4700 |
| Dec. 6, 2024 | $0.4400 |
| Aug. 30, 2024 | $0.4400 |
| June 7, 2024 | $0.4400 |
| Feb. 29, 2024 | $0.4400 |
| Nov. 30, 2023 | $0.4100 |
| Aug. 31, 2023 | $0.4100 |
| June 1, 2023 | $0.4100 |
| March 2, 2023 | $0.4100 |
| Dec. 1, 2022 | $0.3800 |
| Sept. 1, 2022 | $0.3800 |
| June 2, 2022 | $0.3800 |
| March 4, 2022 | $0.3800 |
| Dec. 2, 2021 | $0.3400 |
| Aug. 27, 2021 | $0.3400 |
TAP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
HOLD
28 analysts
- Strong Buy 1 3.6%
- Buy 4 14.3%
- Hold 13 46.4%
- Sell 9 32.1%
- Strong Sell 1 3.6%
12-Month Price Target
21 analysts · 2026-08-16
Median
$45.00
Now
$42.41
Low
$34.00
High
$61.00
Median target
$45.00
+6.1%
Mean target
$45.48
+7.2%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Beat Rate
75.0%
Avg Surprise
0.03%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.58 | $1.52 | 0.06% |
| March 31, 2026 | $0.62 | $0.37 | 0.25% |
| Dec. 31, 2025 | $1.21 | $1.17 | 0.04% |
| Sept. 30, 2025 | $1.67 | $1.72 | -0.05% |
| June 30, 2025 | $2.05 | $1.85 | 0.20% |
| March 31, 2025 | $0.50 | $0.83 | -0.33% |
| Sept. 30, 2000 | $0.41 | $0.37 | 0.04% |
| June 30, 2000 | $0.71 | $0.70 | 0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| TAP | — | -4.3 | -5.1% | -16.4% | -18.4% | 32.8% |
| SAM | — | 19.9 | -2.4% | 5.5% | 12.3% | 48.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.04B | $13.73B | $13.88B | $12.81B | $12.45B | $11.72B | $13.01B | $13.34B | $13.47B | $6.60B | $3.57B | $5.93B | |
| Cost of Revenue | $6.87B | $7.09B | $7.33B | $7.05B | $6.23B | $5.89B | $6.38B | $6.58B | $6.24B | $3.00B | $2.13B | $2.49B | |
| Gross Profit | $4.27B | $4.53B | $4.37B | $3.66B | $4.05B | $3.77B | $4.20B | $4.18B | $4.77B | $1.89B | $1.44B | $1.65B | |
| SG&A Expense | $2.64B | $2.72B | $2.78B | $2.62B | $2.55B | $2.44B | $2.73B | $2.80B | $3.05B | $1.60B | $1.04B | $1.16B | |
| Operating Income | $-2.34B | $1.75B | $1.44B | $158M | $1.45B | $-409M | $764M | $1.63B | $1.68B | $3.32B | $567M | $726M | |
| Interest Expense | · | · | $234M | $251M | $260M | $275M | $281M | $306M | $349M | $272M | $120M | $145M | |
| Interest Income | $21M | $35M | $25M | $4M | $2M | $3M | $8M | $8M | $6M | $27M | $8M | $11M | |
| Other Non-op | $32M | $2M | $13M | $-10M | $-4M | $6M | $-15M | $-12M | $1M | $-32M | $900.0K | $-6M | |
| Pretax Income | $-2.52B | $1.50B | $1.25B | $-62M | $1.24B | $-644M | $480M | $1.36B | $1.38B | $3.05B | $456M | $586M | |
| Income Tax | $-338M | $345M | $296M | $124M | $230M | $302M | $234M | $225M | $-205M | $1.45B | $62M | $69M | |
| Net Income | $-2.14B | $1.12B | $949M | $-175M | $1.01B | $-949M | $242M | $1.12B | $1.57B | $1.59B | $395M | $514M | |
| EPS (Basic) | $-10.75 | $5.38 | $4.39 | $-0.81 | · | · | · | · | $6.57 | $9.40 | $2.13 | $2.78 | |
| EPS (Diluted) | $-10.75 | $5.35 | $4.37 | $-0.81 | · | · | · | · | $6.53 | $9.34 | $2.12 | $2.76 | |
| Shares (Basic) | 199,100,000 | 208,800,000 | 216,000,000 | 216,900,000 | 217,100,000 | 216,800,000 | 216,600,000 | 216,000,000 | 215,400,000 | 212,000,000 | 185,300,000 | 184,900,000 | |
| Shares (Diluted) | 199,100,000 | 209,900,000 | 217,300,000 | 216,900,000 | 217,600,000 | 216,800,000 | 216,900,000 | 216,600,000 | 216,500,000 | 213,400,000 | 186,400,000 | 186,100,000 | |
| EBITDA | $-2.34B | $1.75B | $1.44B | $158M | $1.45B | $-409M | $764M | $1.63B | $1.73B | $3.31B | $522M | $726M |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $896M | $969M | $869M | $600M | $637M | $770M | $523M | $1.06B | $419M | $561M | $431M | $625M | |
| Receivables | $703M | $693M | $758M | $740M | $679M | $550M | $706M | $736M | $728M | $654M | $408M | $489M | |
| Inventory | $716M | $728M | $802M | $793M | $805M | $664M | $616M | $592M | $592M | $593M | $179M | $202M | |
| Other Current Assets | $433M | $308M | $298M | $379M | $457M | $297M | $225M | $246M | $278M | $211M | $123M | $77M | |
| Current Assets | $2.94B | $2.85B | $2.85B | $2.64B | $2.78B | $2.42B | $2.18B | $2.77B | $2.19B | $2.17B | $1.26B | $1.58B | |
| PP&E (Net) | · | · | · | · | · | $4.25B | $4.55B | $4.61B | $4.67B | $4.51B | $1.59B | $1.80B | |
| PP&E (Gross) | · | · | · | · | · | $7.67B | $7.55B | $7.17B | $6.77B | $6.01B | $2.98B | $3.14B | |
| Accum. Depreciation | · | · | · | $3.66B | $3.51B | $3.42B | $3.00B | $2.56B | $2.10B | $1.50B | $1.39B | $1.34B | |
| Goodwill | $1.94B | $5.58B | $5.33B | $5.29B | $6.15B | $6.15B | $7.63B | $8.26B | $8.41B | $8.25B | $1.98B | $2.19B | |
| Intangibles | $11.99B | $12.20B | $12.61B | $12.80B | $13.29B | $13.56B | $13.66B | $13.78B | $14.30B | $14.03B | $4.75B | $5.76B | |
| Other Non-current Assets | $1.10B | $978M | $1.14B | $916M | $1.21B | $955M | $842M | $698M | $682M | $382M | $257M | $189M | |
| Total Assets | $22.74B | $26.06B | $26.38B | $25.87B | $27.62B | $27.33B | $28.86B | $30.11B | $30.25B | $29.34B | $12.28B | $13.98B | |
| Accounts Payable | $1.82B | $1.88B | $1.98B | $2.07B | $2.10B | $1.73B | $1.69B | $1.62B | $1.57B | $1.30B | $560M | $618M | |
| Accrued Liabilities | · | · | · | · | · | · | $2.77B | $2.71B | $2.68B | $2.47B | $1.18B | $1.30B | |
| Short-term Debt | · | · | · | · | $0 | $0 | $0 | $0 | $379M | $0 | $8M | $5M | |
| Current Liabilities | $5.31B | $3.05B | $4.09B | $3.38B | $3.62B | $3.91B | $3.70B | $4.30B | $3.40B | $3.16B | $1.22B | $2.32B | |
| Capital Leases | $160M | $162M | $164M | $99M | $88M | $106M | $120M | · | · | · | · | · | |
| Deferred Tax | $2.28B | $2.73B | $2.70B | $2.65B | $2.70B | $2.38B | $2.26B | $2.13B | $1.90B | $1.70B | $800M | $784M | |
| Other Non-current Liabilities | $308M | $302M | $372M | $293M | $326M | $447M | $406M | $324M | $317M | $267M | $75M | $80M | |
| Total Liabilities | $12.20B | $12.61B | $12.94B | $12.95B | $13.95B | $14.71B | $15.19B | $16.37B | $17.06B | $17.72B | $5.21B | $6.09B | |
| Long-term Debt | $6.26B | $6.13B | $6.20B | $6.54B | $7.16B | $8.21B | $9.03B | $10.48B | $10.93B | $12.06B | $2.91B | $3.10B | |
| Total Debt | $6.26B | $6.13B | $6.20B | $6.54B | $7.16B | $8.21B | $9.03B | $10.48B | $11.31B | $12.07B | $2.92B | $3.11B | |
| Paid-in Capital | $7.25B | $7.22B | $7.11B | $7.01B | $6.97B | $6.94B | $6.77B | $6.77B | $6.69B | $6.64B | $4.00B | $3.87B | |
| Retained Earnings | $5.72B | $8.24B | $7.48B | $6.89B | $7.40B | $6.54B | $7.62B | $7.69B | $6.96B | $6.15B | $4.50B | $4.44B | |
| Treasury Stock | $2.04B | $1.38B | $736M | $523M | $471M | $471M | $471M | $471M | $471M | $471M | $471M | $321M | |
| AOCI | $-1.07B | $-1.36B | $-1.12B | $-1.21B | $-1.01B | $-1.17B | $-1.16B | $-1.15B | $-860M | $-1.57B | $-1.69B | $-898M | |
| Stockholders' Equity | $10.23B | $13.09B | $13.20B | $12.69B | $13.42B | $12.37B | $13.42B | $13.51B | $12.98B | $11.42B | $7.04B | $7.86B | |
| Liabilities + Equity | $22.74B | $26.06B | $26.38B | $25.87B | $27.62B | $27.33B | $28.86B | $30.11B | $30.25B | $29.34B | $12.28B | $13.98B |
Cash Flow 19
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $711M | $759M | $683M | $685M | $786M | $922M | $859M | $858M | $813M | $388M | $314M | $313M | |
| Stock-based Comp | $35M | $43M | $45M | $34M | $32M | $24M | $8M | $43M | $58M | $30M | $18M | $24M | |
| Deferred Tax | $-443M | $118M | $36M | $-27M | $181M | $106M | $108M | $214M | $-69M | $1.33B | $-92M | $200.0K | |
| Amort. of Intangibles | $206M | $206M | $207M | $208M | $218M | $220M | $221M | $224M | $222M | $82M | $30M | $45M | |
| Restructuring | · | · | · | · | · | · | $52M | $35M | $3M | $9M | $10M | $14M | |
| Operating Cash Flow | $1.78B | $1.91B | $2.08B | $1.50B | $1.57B | $1.70B | $1.90B | $2.33B | $1.87B | $1.13B | $716M | $1.29B | |
| CapEx | $717M | $674M | $672M | $661M | $523M | $575M | $594M | $652M | $600M | $342M | $275M | $260M | |
| Investing Cash Flow | $-822M | $-648M | $-842M | $-625M | $-510M | $-414M | $-433M | $-669M | $-538M | $-12.29B | $-335M | $-239M | |
| Debt Issued | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | · | $-701M | $0 | |
| Stock Issued | · | · | · | · | · | · | · | $0 | $0 | $2.53B | $0 | $0 | |
| Stock Repurchased | $648M | $643M | $206M | $52M | $0 | $0 | · | · | · | · | · | · | |
| Net Stock Activity | $-648M | $-643M | $-206M | $-52M | · | · | · | $0 | $0 | $2.53B | · | · | |
| Dividends Paid | $376M | $369M | $355M | $329M | $148M | $125M | $424M | $354M | $353M | $353M | $303M | $274M | |
| Financing Cash Flow | $-1.06B | $-1.14B | $-981M | $-890M | $-1.17B | $-1.07B | $-2.01B | $-1.01B | $-1.50B | $11.32B | $-532M | $-817M | |
| Net Change in Cash | $-73M | $100M | $269M | $-37M | $-133M | $247M | · | · | · | · | · | · | |
| Taxes Paid | $131M | $227M | $245M | $77M | $227M | $127M | $57M | $-32M | $-86M | $165M | $134M | $93M | |
| Free Cash Flow | $1.07B | $1.24B | $1.41B | $841M | $1.05B | $1.12B | $1.30B | $1.68B | $1.27B | $785M | $421M | $1.01B | |
| Levered FCF | · | · | $1.23B | $93M | $839M | $718M | $1.16B | $1.42B | $904M | $608M | $316M | $885M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.8% | 33.0% | 31.5% | 28.5% | 32.6% | 32.1% | 32.3% | 31.4% | 43.5% | 28.5% | 27.4% | 27.9% | |
| Operating Margin | -17.9% | 12.8% | 10.4% | 1.2% | 11.7% | -3.5% | 5.9% | 12.2% | 15.7% | 50.2% | 10.2% | 12.3% | |
| Net Margin | -16.4% | 8.2% | 6.8% | -1.4% | 8.1% | -8.1% | 1.9% | 8.4% | 12.8% | 29.9% | 7.0% | 8.7% | |
| Pretax Margin | -19.3% | 10.9% | 9.0% | -0.49% | 10.0% | -5.5% | 3.7% | 10.2% | 12.6% | 46.0% | 8.0% | 9.9% | |
| EBITDA Margin | -17.9% | 12.8% | 10.4% | 1.2% | 11.7% | -3.5% | 5.9% | 12.2% | 15.7% | 50.2% | 10.2% | 12.3% | |
| ROA | -8.8% | 4.3% | 3.6% | -0.66% | 3.7% | -3.4% | 0.82% | 3.7% | 4.8% | 9.5% | 2.7% | 3.5% | |
| ROE | -18.4% | 8.5% | 7.3% | -1.3% | 7.8% | -7.4% | 1.8% | 8.4% | 11.5% | 21.4% | 4.8% | 6.2% | |
| ROIC | -12.3% | 7.0% | 5.7% | 2.4% | 5.8% | -2.9% | 1.8% | 5.7% | 7.3% | 9.2% | 4.6% | 5.8% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.6 | 0.9 | 0.7 | 0.8 | 0.8 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 1.0 | 0.7 | |
| Quick Ratio | 0.3 | 0.5 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.4 | 0.3 | 0.4 | 0.7 | 0.5 | |
| Debt / Equity | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.7 | 0.7 | 0.8 | 0.9 | 1.1 | 0.4 | 0.4 | |
| LT Debt / Equity | 0.4 | 0.5 | 0.4 | 0.5 | 0.5 | 0.6 | 0.6 | 0.7 | 0.8 | 1.0 | 0.4 | 0.3 | |
| Interest Coverage | · | · | 6.1 | 0.6 | 5.6 | -1.5 | 2.7 | 5.3 | 4.9 | 12.2 | 4.3 | 5.0 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.4 | 0.4 | |
| Inventory Turnover | 9.5 | 9.3 | 9.2 | 8.8 | 8.5 | 9.2 | 10.6 | 11.1 | 10.5 | 7.8 | 11.3 | 12.2 | |
| Receivables Turnover | 18.7 | 18.9 | 18.5 | 18.1 | 20.5 | 18.7 | 18.0 | 18.2 | 15.9 | 12.4 | 11.4 | 11.2 |
Growth Rates 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -5.1% | -1.1% | 8.4% | 2.9% | 6.2% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 0.60% | 3.3% | 5.8% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 2.1% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | 22.4% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | 18.3% | · | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | · | 3.7% | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 24.6% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $13.04B | $13.73B | $13.88B | $12.81B | $12.45B | $11.72B | $13.01B | $13.34B | $13.47B | $6.60B | $3.57B | $5.93B | |
| Net Income TTM | $-2.14B | $1.12B | $949M | $-175M | $1.01B | $-949M | $242M | $1.12B | $1.57B | $1.59B | $395M | $514M | |
| P/E | -4.3 | 10.7 | 14.0 | -63.6 | 7.1 | 6.9 | 8.3 | 8.6 | 12.6 | 10.4 | 44.3 | 27.0 | |
| Earnings Yield | -23.0% | 9.3% | 7.1% | -1.6% | 14.1% | 14.4% | 12.1% | 11.6% | 8.0% | 9.6% | 2.3% | 3.7% | |
| Payout Ratio | -17.6% | 32.9% | 37.4% | -187.8% | 14.7% | -13.2% | 175.6% | 31.7% | 25.0% | 17.9% | 84.4% | 53.2% | |
| Annual Payout | $376M | $369M | $355M | $329M | $148M | $125M | $424M | $354M | $353M | $353M | $303M | $274M |
Income Statement 15
| 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 | $3.60B | $2.72B | $3.13B | $3.48B | $3.74B | $2.69B | $3.24B | $3.60B | $3.84B | $3.05B | $3.33B | $3.91B | $3.87B | $2.77B | $3.15B | $3.52B | |
| Cost of Revenue | $2.03B | $1.45B | $1.69B | $1.80B | $1.92B | $1.45B | $1.70B | $1.84B | $1.92B | $1.63B | $1.76B | $1.95B | $2.05B | $1.58B | $1.71B | $1.95B | |
| Gross Profit | $1.06B | $897M | $968M | $1.17B | $1.28B | $851M | $1.04B | $1.20B | $1.33B | $964M | $1.03B | $1.35B | $1.22B | $771M | $924M | $984M | |
| SG&A Expense | $718M | $610M | $611M | $687M | $693M | $653M | $650M | $685M | $728M | $655M | $683M | $747M | $735M | $615M | $576M | $660M | |
| Operating Income | $332M | $258M | $324M | $-3.43B | $584M | $186M | $388M | $451M | $600M | $314M | $199M | $592M | $488M | $158M | $-512M | $330M | |
| Interest Income | $8M | $3M | $6M | $7M | $3M | $5M | $8M | $13M | $7M | $7M | · | · | · | · | · | · | |
| Other Non-op | $7M | $-11M | $-5M | $-12M | $26M | $23M | $6M | $-100.0K | $4M | $-8M | $10M | $-2M | $5M | $200.0K | $4M | $-13M | |
| Pretax Income | $283M | $195M | $266M | $-3.50B | $555M | $156M | $346M | $331M | $560M | $265M | $166M | $544M | $441M | $102M | $-564M | $273M | |
| Income Tax | $62M | $45M | $57M | $-559M | $131M | $33M | $53M | $103M | $135M | $56M | $60M | $112M | $95M | $29M | $26M | $55M | |
| Net Income | $232M | $151M | $238M | $-2.93B | $429M | $121M | $288M | $200M | $427M | $208M | $103M | $431M | $342M | $72M | $-590M | $216M | |
| EPS (Basic) | $1.24 | $0.80 | $1.30 | $-14.79 | $2.14 | $0.60 | $1.41 | $0.96 | $2.03 | $0.98 | · | · | · | · | · | · | |
| EPS (Diluted) | $1.23 | $0.80 | $1.32 | $-14.79 | $2.13 | $0.59 | $1.39 | $0.96 | $2.03 | $0.97 | · | · | · | · | · | · | |
| Shares (Basic) | 187,500,000 | 188,900,000 | -402,300,000 | 197,900,000 | 200,500,000 | 203,000,000 | -421,100,000 | 207,200,000 | 210,000,000 | 212,700,000 | -433,000,000 | 216,100,000 | 216,400,000 | 216,500,000 | -434,100,000 | 216,800,000 | |
| Shares (Diluted) | 187,700,000 | 189,400,000 | -404,000,000 | 197,900,000 | 201,200,000 | 204,000,000 | -423,100,000 | 208,000,000 | 210,800,000 | 214,200,000 | -435,400,000 | 217,600,000 | 217,800,000 | 217,300,000 | -436,300,000 | 217,600,000 | |
| EBITDA | $332M | $258M | · | $-3.43B | $584M | $186M | · | $451M | $600M | $314M | · | $592M | $488M | $158M | · | $330M |
Balance Sheet 24
| 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 | $2.13B | $383M | $896M | $950M | $614M | $413M | $969M | $1.02B | $1.65B | $458M | · | $802M | $961M | $328M | · | $525M | |
| Receivables | $1.00B | $798M | $703M | $842M | $1.02B | $789M | $693M | $874M | $1.07B | $894M | · | $919M | $1.02B | $804M | · | $810M | |
| Inventory | $849M | $813M | $716M | $821M | $902M | $870M | $728M | $833M | $848M | $871M | · | $853M | $863M | $916M | · | $867M | |
| Other Current Assets | $428M | $576M | $433M | $466M | $405M | $371M | $308M | $356M | $337M | $332M | · | $353M | $361M | $382M | · | $369M | |
| Current Assets | $4.58B | $2.74B | $2.94B | $3.23B | $3.08B | $2.56B | $2.85B | $3.23B | $4.04B | $2.68B | · | $3.09B | $3.33B | $2.55B | · | $2.75B | |
| Goodwill | $2.14B | $1.94B | $1.94B | $1.94B | $5.59B | $5.58B | $5.58B | $5.32B | $5.32B | $5.32B | $5.33B | $5.32B | $5.30B | $5.29B | $5.29B | $6.13B | |
| Intangibles | $11.84B | $11.88B | $11.99B | $12.02B | $12.39B | $12.20B | $12.20B | $12.41B | $12.39B | $12.47B | · | $12.71B | $12.81B | $12.80B | · | $12.66B | |
| Other Non-current Assets | $1.11B | $1.10B | $1.10B | $1.06B | $1.13B | $1.07B | $978M | $1.18B | $1.17B | $1.16B | · | $1.18B | $1.02B | $939M | · | $1.10B | |
| Total Assets | $24.36B | $22.37B | $22.74B | $22.87B | $26.83B | $25.93B | $26.06B | $26.64B | $27.39B | $26.07B | · | $26.57B | $26.79B | $25.85B | · | $26.71B | |
| Accounts Payable | · | · | $1.82B | · | · | · | $1.88B | · | · | · | · | · | · | · | · | · | |
| Short-term Debt | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $125M | |
| Current Liabilities | $5.21B | $5.12B | $5.31B | $5.34B | $3.24B | $2.87B | $3.05B | $3.25B | $4.24B | $3.86B | · | $4.24B | $3.83B | $3.31B | · | $3.59B | |
| Capital Leases | $153M | $159M | $160M | $163M | $164M | $167M | $162M | $164M | $165M | $170M | · | $162M | $166M | $125M | · | $89M | |
| Deferred Tax | $2.36B | $2.31B | $2.28B | $2.24B | $2.79B | $2.74B | $2.73B | $2.80B | $2.76B | $2.71B | · | $2.71B | $2.67B | $2.66B | · | $2.73B | |
| Other Non-current Liabilities | $296M | $301M | $308M | $323M | $323M | $306M | $302M | $368M | $365M | $373M | · | $372M | $371M | $321M | · | $285M | |
| Total Liabilities | $13.95B | $12.00B | $12.20B | $12.20B | $13.03B | $12.48B | $12.61B | $13.07B | $13.98B | $12.71B | · | $13.08B | $13.53B | $12.93B | · | $13.31B | |
| Long-term Debt | $7.68B | $6.22B | $6.26B | $6.26B | $6.27B | $6.17B | $6.13B | $6.21B | $7.03B | $6.18B | · | $6.15B | $6.58B | $6.55B | · | $6.45B | |
| Total Debt | $7.68B | $6.22B | · | $6.26B | $6.27B | $6.17B | · | $6.21B | $7.03B | $6.18B | · | $6.15B | $6.58B | $6.55B | · | $6.58B | |
| Paid-in Capital | $7.25B | $7.24B | $7.25B | $7.24B | $7.23B | $7.22B | $7.22B | $7.21B | $7.12B | $7.11B | · | $7.10B | $7.06B | $7.03B | · | $6.99B | |
| Retained Earnings | $5.93B | $5.78B | $5.72B | $5.58B | $8.60B | $8.26B | $8.24B | $8.04B | $7.93B | $7.60B | · | $7.47B | $7.13B | $6.88B | · | $7.57B | |
| Treasury Stock | $2.25B | $2.20B | $2.04B | $1.72B | $1.69B | $1.44B | $1.38B | $1.17B | $1.11B | $847M | · | $584M | $550M | $538M | · | $510M | |
| AOCI | $-1.18B | $-1.14B | $-1.07B | $-1.15B | $-1.07B | $-1.33B | $-1.36B | $-1.11B | $-1.22B | $-1.19B | · | $-1.20B | $-1.09B | $-1.17B | · | $-1.40B | |
| Stockholders' Equity | $10.12B | $10.06B | $10.23B | $10.33B | $13.44B | $13.09B | $13.09B | $13.35B | $13.18B | $13.12B | · | $13.25B | $13.03B | $12.70B | · | $13.17B | |
| Liabilities + Equity | $24.36B | $22.37B | $22.74B | $22.87B | $26.83B | $25.93B | $26.06B | $26.64B | $27.39B | $26.07B | · | $26.57B | $26.79B | $25.85B | · | $26.71B |
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 | $192M | $186M | $181M | $180M | $170M | $180M | $247M | $175M | $168M | $169M | $174M | $169M | $168M | $172M | $169M | $170M | |
| Stock-based Comp | $9M | $8M | $8M | $8M | $7M | $12M | $8M | $10M | $11M | $13M | $11M | $14M | $10M | $10M | $8M | $9M | |
| Amort. of Intangibles | $62M | $52M | $51M | $52M | $52M | $51M | $51M | $51M | $52M | $52M | $52M | $52M | $51M | $51M | $51M | $52M | |
| Operating Cash Flow | $818M | $2M | $541M | $616M | $718M | $-91M | $494M | $521M | $869M | $25M | $474M | $710M | $891M | $3M | $384M | $451M | |
| CapEx | $104M | $232M | $183M | $133M | $163M | $237M | $111M | $171M | $178M | $215M | $177M | $159M | $154M | $181M | $131M | $142M | |
| Investing Cash Flow | $-369M | $-230M | $-187M | $-135M | $-158M | $-341M | $-118M | $-149M | $-169M | $-212M | $-173M | $-328M | $-163M | $-177M | $-120M | $-135M | |
| Stock Repurchased | $42M | $168M | $315M | $26M | $247M | $60M | $206M | $62M | $262M | $114M | $145M | $34M | $12M | $15M | $13M | $13M | |
| Net Stock Activity | · | $-168M | · | · | · | $-60M | · | · | · | $-114M | · | · | · | $-15M | · | · | |
| Dividends Paid | $90M | $94M | $91M | $93M | $94M | $99M | $90M | $91M | $92M | $97M | $88M | $88M | $89M | $90M | $82M | $82M | |
| Financing Cash Flow | $1.31B | $-282M | $-410M | $-140M | $-375M | $-131M | $-394M | $-1.03B | $502M | $-216M | $-253M | $-527M | $-99M | $-102M | $-217M | $-203M | |
| Net Change in Cash | $1.75B | $-514M | $-54M | $336M | $201M | $-557M | $-52M | $-626M | $1.19B | $-410M | $67M | $-159M | $633M | $-272M | $75M | $83M | |
| Taxes Paid | $25M | $17M | $32M | $42M | $48M | $10M | $110M | $12M | $96M | $9M | $75M | $92M | $68M | $10M | $5M | $63M | |
| Free Cash Flow | · | $-229M | · | · | · | $-328M | · | · | · | $-189M | · | · | · | $-178M | · | · |
Profitability 8
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.5% | 33.0% | · | 33.7% | 34.3% | 31.6% | · | 33.4% | 34.6% | 31.6% | · | 34.5% | 31.5% | 27.8% | · | 28.0% | |
| Operating Margin | 9.2% | 9.5% | · | -98.5% | 15.6% | 6.9% | · | 12.5% | 15.6% | 10.3% | · | 15.2% | 12.6% | 5.7% | · | 9.4% | |
| Net Margin | 6.4% | 5.6% | · | -84.0% | 11.5% | 4.5% | · | 5.5% | 11.1% | 6.8% | · | 11.0% | 8.8% | 2.6% | · | 6.2% | |
| Pretax Margin | 7.8% | 7.2% | · | -100.3% | 14.8% | 5.8% | · | 9.2% | 14.6% | 8.7% | · | 13.9% | 11.4% | 3.7% | · | 7.8% | |
| EBITDA Margin | 9.2% | 9.5% | · | -98.5% | 15.6% | 6.9% | · | 12.5% | 15.6% | 10.3% | · | 15.2% | 12.6% | 5.7% | · | 9.4% | |
| ROA | 0.91% | 0.63% | · | -11.8% | 1.6% | 0.47% | · | 0.75% | 1.6% | 0.80% | · | 1.6% | 1.3% | 0.27% | · | 0.80% | |
| ROE | 2.0% | 1.3% | · | -24.7% | 3.2% | 0.92% | · | 1.5% | 3.3% | 1.6% | · | 3.3% | 2.6% | 0.55% | · | 1.6% | |
| ROIC | 1.5% | 1.2% | · | -17.4% | 2.3% | 0.76% | · | 1.6% | 2.2% | 1.3% | · | 2.4% | 1.9% | 0.59% | · | 1.3% |
Liquidity & Solvency 4
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 0.5 | · | 0.6 | 0.9 | 0.9 | · | 1.0 | 1.0 | 0.7 | · | 0.7 | 0.9 | 0.8 | · | 0.8 | |
| Quick Ratio | 0.6 | 0.2 | · | 0.3 | 0.5 | 0.4 | · | 0.6 | 0.6 | 0.4 | · | 0.4 | 0.5 | 0.3 | · | 0.4 | |
| Debt / Equity | 0.8 | 0.6 | · | 0.6 | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | |
| LT Debt / Equity | 0.6 | 0.4 | · | 0.4 | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.4 | · | 0.4 | 0.5 | 0.5 | · | 0.5 |
Efficiency 3
| 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 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Inventory Turnover | 2.3 | 1.7 | · | 2.2 | 2.2 | 1.7 | · | 2.2 | 2.2 | 1.8 | · | 2.3 | 2.4 | 1.7 | · | 2.3 | |
| Receivables Turnover | 3.6 | 3.4 | · | 4.1 | 3.6 | 3.2 | · | 4.0 | 3.7 | 3.6 | · | 4.5 | 4.1 | 3.5 | · | 4.3 |
Valuation (TTM) 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $13.55B | $12.63B | · | $13.52B | $13.87B | $13.18B | · | $14.40B | $14.66B | $13.60B | · | $14.07B | $13.66B | $12.44B | · | $13.10B | |
| Net Income TTM | $-2.12B | $-2.23B | · | $-2.18B | $1.18B | $956M | · | $1.27B | $1.41B | $1.05B | · | $1.06B | $679M | $488M | · | $868M | |
| P/E | -3.7 | -3.8 | · | -4.1 | 8.4 | 13.4 | · | · | · | · | · | 9.7 | 10.1 | 7.9 | · | 7.3 | |
| Earnings Yield | -27.3% | -26.2% | · | -24.6% | 11.9% | 7.5% | · | · | · | · | · | 10.3% | 9.9% | 12.6% | · | 13.6% | |
| Payout Ratio | · | 61.9% | · | · | · | 82.0% | · | · | · | 46.6% | · | · | · | 123.4% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $13.04B | $13.73B | $13.88B | $12.81B | $12.45B |
| Gross Margin % | 32.8% | 33.0% | 31.5% | 28.5% | 32.6% |
| Operating Margin % | -17.9% | 12.8% | 10.4% | 1.2% | 11.7% |
| Net Income | $-2.14B | $1.12B | $949M | $-175M | $1.01B |
| Diluted EPS | $-10.75 | $5.35 | $4.37 | $-0.81 | — |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 |
| Current Ratio | 0.6 | 0.9 | 0.7 | 0.8 | 0.8 |
| Quick Ratio | 0.3 | 0.5 | 0.4 | 0.4 | 0.4 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $1.07B | $1.24B | $1.41B | $841M | $1.05B |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 675 filers · $5.7B 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.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 97 (+8 vs prior Q) | 93 (-3 vs prior Q) | 241 (+22 vs prior Q) | 189 (-36 vs prior Q) | +8.2M |
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 GROUP INC | $878,134,451 | 18,811,792 | 15.54% | Shares |
| Dodge & Cox | $742,789,309 | 19,065,434 | 13.15% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $413,723,097 | 10,619,176 | 7.32% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $403,829,711 | 10,365,239 | 7.15% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $328,560,806 | 8,433,285 | 5.81% | Shares |
| STATE STREET CORP | $326,216,288 | 8,373,108 | 5.77% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $152,670,873 | 3,926,452 | 2.70% | Shares |
| GOLDMAN SACHS GROUP INC | $121,504,168 | 3,118,690 | 2.15% | Shares |
| NORGES BANK | $111,340,979 | 2,857,828 | 1.97% | Shares |
| ROYAL LONDON ASSET MANAGEMENT LTD | $108,343,865 | 2,780,900 | 1.92% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $95,321,601 | 2,446,653 | 1.69% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $78,057,022 | 2,003,517 | 1.38% | Shares |
| FAIRFAX FINANCIAL HOLDINGS LTD/ CAN | $77,665,830 | 1,994,500 | 1.37% | Shares |
| AMERIPRISE FINANCIAL INC | $72,542,166 | 1,861,964 | 1.28% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $71,645,960 | 1,838,962 | 1.27% | Shares |
| TWO SIGMA INVESTMENTS, LP | $68,278,413 | 1,752,526 | 1.21% | Shares |
| MORGAN STANLEY | $54,332,052 | 1,394,559 | 0.96% | Shares |
| Gotham Asset Management, LLC | $47,156,989 | 1,210,395 | 0.83% | Shares |
| Squarepoint Ops LLC | $46,373,114 | 1,190,275 | 0.82% | Shares |
| Robeco Institutional Asset Management B.V. | $46,226,470 | 1,186,511 | 0.82% | Shares |
| TWO SIGMA ADVISERS, LP | $45,888,354 | 983,041 | 0.81% | Shares |
| Capital International Investors | $44,851,336 | 1,151,215 | 0.79% | Shares |
| California Public Employees Retirement System | $44,686,691 | 1,146,989 | 0.79% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $43,820,006 | 1,124,743 | 0.78% | Shares |
| Amundi | $36,227,229 | 929,857 | 0.64% | Shares |
| MILLENNIUM MANAGEMENT LLC | $35,607,570 | 913,952 | 0.63% | Shares |
| Ranmore Fund Management Ltd | $35,064,000 | 900,000 | 0.62% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $35,013,118 | 898,694 | 0.62% | Shares |
| BlackRock, Inc. | $34,909,874 | 896,044 | 0.62% | Shares |
| MACKENZIE FINANCIAL CORP | $30,564,665 | 784,514 | 0.54% | Shares |
| BANK OF AMERICA CORP /DE/ | $29,555,952 | 758,623 | 0.52% | Shares |
| WILSEY ASSET MANAGEMENT INC | $29,439,680 | 755,639 | 0.52% | Shares |
| FMR LLC | $23,119,243 | 593,409 | 0.41% | Shares |
| Man Group plc | $22,624,656 | 580,715 | 0.40% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $22,400,792 | 574,969 | 0.40% | Shares |
| AMERICAN CENTURY COMPANIES INC | $21,964,475 | 563,769 | 0.39% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $21,007,232 | 539,200 | 0.37% | Put option |
| M&G PLC | $17,966,559 | 460,681 | 0.32% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $17,729,254 | 455,063 | 0.31% | Shares |
| Wallace Capital Management Inc. | $17,350,663 | 445,346 | 0.31% | Shares |
| Vanguard Global Advisers, LLC | $15,932,926 | 408,956 | 0.28% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $15,908,544 | 340,800 | 0.28% | Shares |
| PRIVATE MANAGEMENT GROUP INC | $15,579,169 | 399,876 | 0.28% | Shares |
| PRUDENTIAL FINANCIAL INC | $15,422,939 | 395,866 | 0.27% | Shares |
| Skylands Capital, LLC | $15,340,500 | 393,750 | 0.27% | Shares |
| CITADEL ADVISORS LLC | $14,690,336 | 377,062 | 0.26% | Shares |
| RHUMBLINE ADVISERS | $14,545,091 | 373,336 | 0.26% | Shares |
| Night Squared LP | $14,193,518 | 364,310 | 0.25% | Shares |
| Caisse de depot et placement du Quebec | $13,238,608 | 339,800 | 0.23% | Shares |
| BARCLAYS PLC | $13,219,519 | 339,310 | 0.23% | Shares |
| AMG National Trust Bank | $12,672,714 | 325,275 | 0.22% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $12,278,244 | 315,150 | 0.22% | Shares |
| Swiss National Bank | $12,143,832 | 311,700 | 0.21% | Shares |
| Mariner, LLC | $10,330,386 | 265,125 | 0.18% | Shares |
| NATIXIS | $9,561,290 | 245,413 | 0.17% | Shares |
| Bridgewater Associates, LP | $9,388,074 | 240,967 | 0.17% | Shares |
| JANE STREET GROUP, LLC | $9,284,168 | 238,300 | 0.16% | Call option |
| Cambria Investment Management, L.P. | $9,081,537 | 233,099 | 0.16% | Shares |
| CITADEL ADVISORS LLC | $8,937,424 | 229,400 | 0.16% | Put option |
| GABELLI FUNDS LLC | $8,827,713 | 226,584 | 0.16% | Shares |
| TUDOR INVESTMENT CORP ET AL | $8,755,870 | 224,740 | 0.15% | Shares |
| D. E. Shaw & Co., Inc. | $8,578,563 | 220,189 | 0.15% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $8,477,825 | 196,884 | 0.15% | Shares |
| Quinn Opportunity Partners LLC | $8,203,534 | 210,563 | 0.15% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $7,741,547 | 198,705 | 0.14% | Shares |
| BANK OF MONTREAL /CAN/ | $7,638,108 | 196,050 | 0.14% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $7,247,885 | 186,034 | 0.13% | Shares |
| UBS Group AG | $7,233,275 | 185,659 | 0.13% | Shares |
| CAPITAL MANAGEMENT CORP /VA | $7,212,275 | 185,120 | 0.13% | Shares |
| Schonfeld Strategic Advisors LLC | $7,061,068 | 181,239 | 0.12% | Shares |
| Quantinno Capital Management LP | $6,696,549 | 171,882 | 0.12% | Shares |
| ALLIANCEBERNSTEIN L.P. | $6,671,157 | 154,927 | 0.12% | Shares |
| MAC Alpha Capital Management, LP | $6,550,957 | 168,132 | 0.12% | Shares |
| Quantbot Technologies LP | $6,003,853 | 154,103 | 0.11% | Shares |
| Baker Ellis Asset Management LLC | $5,802,849 | 148,944 | 0.10% | Shares |
| Walleye Capital LLC | $5,720,146 | 146,821 | 0.10% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $5,568,787 | 142,936 | 0.10% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $5,517,476 | 141,619 | 0.10% | Shares |
| Keeley-Teton Advisors, LLC | $5,489,987 | 90,192 | 0.10% | Shares |
| SummitTX Capital, L.P. | $5,391,246 | 138,379 | 0.10% | Shares |
| JANUS HENDERSON GROUP PLC | $5,301,086 | 123,095 | 0.09% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $5,257,301 | 134,941 | 0.09% | Shares |
| Allianz Asset Management GmbH | $5,183,277 | 133,041 | 0.09% | Shares |
| Sound Income Strategies, LLC | $4,977,940 | 127,771 | 0.09% | Shares |
| ExodusPoint Capital Management, LP | $4,949,362 | 127,037 | 0.09% | Shares |
| JANE STREET GROUP, LLC | $4,916,752 | 126,200 | 0.09% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,905,064 | 125,900 | 0.09% | Call option |
| SEI INVESTMENTS CO | $4,778,090 | 122,641 | 0.08% | Shares |
| HIGHLAND CAPITAL MANAGEMENT, LLC | $4,760,522 | 122,190 | 0.08% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $4,669,785 | 119,861 | 0.08% | Shares |
| Qube Research & Technologies Ltd | $4,558,982 | 117,017 | 0.08% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $4,513,312 | 115,845 | 0.08% | Shares |
| ALPS ADVISORS INC | $4,381,286 | 112,456 | 0.08% | Shares |
| Alpha Omega Wealth Management LLC | $4,284,071 | 109,961 | 0.08% | Shares |
| ALGERT GLOBAL LLC | $4,270,016 | 109,600 | 0.08% | Shares |
| Mitsubishi UFJ Trust & Banking Corp | $4,163,499 | 106,866 | 0.07% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $4,160,754 | 106,796 | 0.07% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $4,120,383 | 105,759 | 0.07% | Shares |
| GAMCO INVESTORS, INC. ET AL | $4,070,190 | 104,471 | 0.07% | Shares |
| WEDGE CAPITAL MANAGEMENT L L P/NC | $4,033,904 | 93,681 | 0.07% | Shares |
Company insiders 93 insiders · 45 officers · 37 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Rahul Goyal | President & CEO | March 4, 2026 A | 105,365 | 0 | 0 | $0 |
| Philip M Whitehead | Pres CEO EMEA APAC | March 4, 2026 A | 26,199 | 0 | 0 | $0 |
| Gavin Hattersley | President & CEO | March 5, 2025 A | 270,552 | 0 | 0 | $0 |
| Sergey Yeskov | Pres&CEO, Molson Coors Europe | March 4, 2024 A | 47,512 | 0 | 0 | $0 |
| Mark Hunter | President & CEO | May 7, 2019 M | 155,456 | 0 | 0 | $0 |
| Frederic Landtmeters | Pres&CEO, Molson Coors Canada | March 9, 2019 F | 15,241 | 0 | 0 | $0 |
| Stewart Glendinning | Pres&CEO, Molson Coors Int'l | March 8, 2017 A | 114,253 | 0 | 0 | $0 |
| Peter S Swinburn | President & CEO | April 1, 2014 M | 216,189 | 0 | 0 | $0 |
| David Perkins | CEO, Molson Coors Canada | Sept. 5, 2012 S | 28,641 | 0 | 0 | $0 |
| Kevin Boyce | Pres & CEO Molson Canada | June 5, 2009 F | 47,373 | 0 | 0 | $0 |
| Leo W Kiely III | Global CEO | June 16, 2008 S | 248,716 | 0 | 0 | $0 |
| Frits D Van Paasschen | Pres&CEO Coors Brewing Company | May 18, 2007 A | 171,898 | 0 | 0 | $0 |
| Fernando Tigre | Pres&CEO, Cervejarias Kaiser | Aug. 24, 2005 S | 0 | 0 | 0 | $0 |
| Tracey Joubert | Chief Financial Officer | April 14, 2026 F | 179,868 | 0 | 0 | $0 |
| Mauricio Restrepo | Chief Financial Officer | May 25, 2016 A | 28,162 | 0 | 0 | $0 |
| David A Heede | Interim CFO | March 9, 2016 A | 15,245 | 0 | 0 | $0 |
| Timothy V Wolf | VP & Global CFO @ 6/30/08 | June 30, 2008 A | 32,084 | 0 | 0 | $0 |
| Peter John Marino | President of Emerging Growth | March 5, 2022 F | 26,244 | 0 | 0 | $0 |
| Roxanne Stelter | VP,Controller & Chf Acct Off | April 1, 2026 A | 16,188 | 0 | 0 | $0 |
| Darrin Vohs | Chief Information Officer | March 4, 2026 A | 13,683 | 0 | 0 | $0 |
| Natalie G. Maciolek | Chief Legal Officer | April 14, 2025 A | 37,673 | 0 | 0 | $0 |
| Jacques Michelle St. | Chief Commercial Officer | April 14, 2025 A | 71,726 | 0 | 0 | $0 |
| Anne-Marie W D'Angelo | Chief Legal & Govt Affairs Off | Feb. 27, 2023 A | 31,288 | 0 | 0 | $0 |
| Lee E. Reichert | Chief Legal & Govt Affairs Off | March 6, 2021 F | 34,945 | 0 | 0 | $0 |
| Brian Tabolt | VP,Controller & Chf Acct Off | March 8, 2020 F | 5,759 | 0 | 0 | $0 |
| Krishnan Anand | Chief Growth Officer | Oct. 11, 2019 F | 54,238 | 0 | 0 | $0 |
| Celso L. White | Chief Supply Chain Officer | March 9, 2019 F | 36,650 | 0 | 0 | $0 |
| Michelle Nettles | Chief People&Diversity Off | March 5, 2019 A | 18,582 | 0 | 0 | $0 |
| Samuel D Walker | Chief Legal & Corp Affairs Off | Feb. 21, 2018 A | 50,289 | 0 | 0 | $0 |
| Brenda Davis | Chief Integration Officer | March 8, 2017 A | 14,328 | 0 | 0 | $0 |
| Zahir Ibrahim | VP, Controller | March 15, 2013 F | 4,425 | 0 | 0 | $0 |
| Gregory L Wade | Global Chf Supply ChainOfficer | May 14, 2012 F | 33,151 | 0 | 0 | $0 |
| William Glen Waters | Global Controller/Chf Acct Ocr | July 1, 2011 F | 8,503 | 0 | 0 | $0 |
| Ralph Paul Hargrow | Chief Global People Officer | May 13, 2011 F | 53,588 | 0 | 0 | $0 |
| Cathy Noonan | ChiefGlobalSharedSvcsOfficer | May 14, 2009 A | 5,445 | 0 | 0 | $0 |
| Miller Martin | Global Controller & CAO | May 15, 2008 F | 16,665 | 0 | 0 | $0 |
| Sylvia Morin | Global Chief Corporate Affairs | March 16, 2006 A | 650 | 0 | 0 | $0 |
| Robert Coallier | Global Chief Bus. Dev. Officer | March 15, 2005 A | 0 | 0 | 0 | $0 |
| Mara E Swan | V.P., Chief People Officer | Feb. 14, 2005 S | 4,054 | 0 | 0 | $0 |
| Ronald A Tryggestad | Vice President, Controller | Dec. 31, 2004 A | 1,317 | 0 | 0 | $0 |
| Michael J Gannon | Vice President, Treasurer | Dec. 31, 2004 A | 1,556 | 0 | 0 | $0 |
| Robert D Klugman | Vice President Coors Worldwide | Dec. 31, 2004 A | 6,524 | 0 | 0 | $0 |
| David G Barnes | Vice President, Finance | Dec. 31, 2004 A | 1,746 | 0 | 0 | $0 |
| REESE ROBERT M | V. P., Chief Legal Officer | Dec. 31, 2004 A | 9,012 | 0 | 0 | $0 |
| Dennis B Puffer | Chief Operations Off, Coors US | Feb. 12, 2004 A | — | 0 | 0 | $0 |
| Christian P Cocks | Director | June 30, 2026 A | 10,016 | 0 | 0 | $0 |
| Charles M Herington | Director | June 30, 2026 A | 65,930 | 0 | 0 | $0 |
| Geoffrey E. Molson | Director | May 21, 2026 S | 9,871 | 0 | 1 | $-52,912 |
| Nessa O'Sullivan | Director | May 18, 2026 F | 27,017 | 0 | 0 | $0 |
| Roger G. Eaton | Director | May 18, 2026 F | 55,277 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 18 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Adolph Coors Company LLC, Adolph Coors Jr. Trust dated September 12, 1969 ×5 filings | March 17, 2020 | — | Initial filing | — | SEC |
| Pentland Securities (1981) Inc., 4280661 Canada Inc., Lincolnshire Holdings Limited, Nooya Investments Limited, Eric Herbert Molson, Stephen Thomas Molson ×3 filings | Sept. 13, 2019 | — | Initial filing | — | SEC |
| March 19, 2018 | — | Initial filing | — | SEC | |
| Sept. 13, 2017 | — | Initial filing | — | SEC | |
| Sept. 8, 2015 | — | Initial filing | — | SEC | |
| Dec. 11, 2014 | — | Initial filing | — | SEC | |
| Dec. 12, 2013 | — | Initial filing | — | SEC | |
| Dec. 8, 2009 | — | Initial filing | — | SEC | |
| Sept. 15, 2009 | — | Initial filing | — | SEC | |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | July 21, 2009 | — | Initial filing | — | SEC |
| Adolph Coors Company LLC, Trustee of the Adolph Coors, Jr. Trust | Aug. 1, 2006 | — | Initial filing | — | SEC |
| Adolph Coors Company LLC, Trustee of the Coors Family Trusts | Aug. 1, 2006 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Jan. 3, 2006 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Jan. 3, 2006 | — | Initial filing | — | SEC |
| Keystone Financing LLC, Adolph Coors, Jr. Trust, May Kistler Coors Trust, Grover C. Coors Trust, Augusta Coors Collbran Trust, Bertha Coors Munroe Trust, Herman F. Coors Trust, Louise Coors Porter Trust, Jeffrey H. Coors, Joseph Coors, Jr., John K. Coors, Peter H. Coors, William K. Coors ×2 filings | July 12, 2005 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 141 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 |
|---|---|---|---|---|
| RSPS · Invesco Exchange-Traded Fund Trust | 2.95% | 176,375 SH | Aug. 20, 2026 | Daily |
| KEAT · EA Series Trust | 2.83% | 79,208 NS | April 30, 2026 | N-PORT |
| SPHD · Invesco Exchange-Traded Fund Trust … | 2.21% | 1,800,941 SH | Aug. 20, 2026 | Daily |
| MVFD · Northern Lights Fund Trust IV | 2.16% | 59,177 NS | May 31, 2026 | N-PORT |
| RDIV · Invesco Exchange-Traded Fund Trust … | 2.12% | 713,270 SH | Aug. 20, 2026 | Daily |
| LYLD · Cambria ETF Trust | 1.69% | 2,374 NS | April 30, 2026 | N-PORT |
| WBIG · Absolute Shares Trust | 1.61% | 11,332 NS | June 30, 2026 | N-PORT |
| SPDV · ETF Series Solutions | 1.54% | 32,488 NS | April 30, 2026 | N-PORT |
| SYLD · Cambria ETF Trust | 0.97% | 216,816 NS | April 30, 2026 | N-PORT |
| FLOW · Global X Funds | 0.86% | 6,239 NS | May 31, 2026 | N-PORT |
| ABCS · EA Series Trust | 0.78% | 2,233 NS | May 29, 2026 | N-PORT |
| RPV · Invesco Exchange-Traded Fund Trust | 0.74% | 302,553 SH | Aug. 20, 2026 | Daily |
| PY · Principal Exchange-Traded Funds | 0.73% | 41,200 NS | June 30, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.49% | 869,159 NS | April 30, 2026 | N-PORT |
| OUSM · ALPS ETF Trust | 0.48% | 105,940 NS | May 31, 2026 | N-PORT |
| COPY · RBB Fund Trust | 0.41% | 35,465 NS | May 31, 2026 | N-PORT |
| LSVD · ADVISORS' INNER CIRCLE FUND | 0.39% | 55,568 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.39% | 1,247,183 NS | April 30, 2026 | N-PORT |
| VDC · VANGUARD WORLD FUND | 0.37% | 865,118 SH | Aug. 19, 2026 | Daily |
| SIXL · EXCHANGE TRADED CONCEPTS TRUST | 0.36% | 17,320 NS | May 31, 2026 | N-PORT |
| FSTA · FIDELITY COVINGTON TRUST | 0.36% | 121,509 NS | April 30, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.35% | 35,846 NS | April 30, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.32% | 32,853 NS | April 30, 2026 | N-PORT |
| HWSM · HOTCHKIS & WILEY FUNDS /DE/ | 0.30% | 214 NS | June 30, 2026 | N-PORT |
| IYK · iShares Trust | 0.30% | 98,743 SH | Aug. 20, 2026 | Daily |
| UGE · ProShares Trust | 0.24% | 722 NS | May 31, 2026 | N-PORT |
| VFMF · VANGUARD WELLINGTON FUND | 0.23% | 42,264 SH | Aug. 19, 2026 | Daily |
| ITAN · EA Series Trust | 0.23% | 5,112 NS | May 29, 2026 | N-PORT |
| FVAL · FIDELITY COVINGTON TRUST | 0.22% | 63,155 NS | April 30, 2026 | N-PORT |
| PKW · Invesco Exchange-Traded Fund Trust | 0.21% | 86,404 SH | Aug. 20, 2026 | Daily |
| ISCV · iShares Trust | 0.20% | 32,741 SH | Aug. 20, 2026 | Daily |
| DFVE · DoubleLine ETF Trust | 0.20% | 1,621 NS | June 30, 2026 | N-PORT |
| RSP · Invesco Exchange-Traded Fund Trust | 0.19% | 4,555,895 SH | Aug. 20, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.19% | 40,501 SH | Aug. 19, 2026 | Daily |
| FLCV · Federated Hermes ETF Trust | 0.18% | 4,486 NS | May 31, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.18% | 28,707 NS | May 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.18% | 36,055 SH | Aug. 20, 2026 | Daily |
| KXI · iShares Trust | 0.18% | 45,348 SH | Aug. 20, 2026 | Daily |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.18% | 7,258 NS | May 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.17% | 120,596 SH | Aug. 20, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.17% | 24,507 NS | April 30, 2026 | N-PORT |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.15% | 26,102 NS | April 30, 2026 | N-PORT |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.15% | 180,000 | Aug. 20, 2026 | Daily |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.15% | 393 NS | May 31, 2026 | N-PORT |
| CSM · ProShares Trust | 0.15% | 19,390 NS | May 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.14% | 68,390 NS | April 30, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.13% | 2,297,431 SH | Aug. 19, 2026 | Daily |
| SPXD · DBX ETF Trust | 0.12% | 214 NS | May 31, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.12% | 457,278 NS | May 31, 2026 | N-PORT |
| CAPE · DoubleLine ETF Trust | 0.11% | 6,671 NS | June 30, 2026 | N-PORT |