Who is the largest shareholder of Advance Auto Parts?
The largest shareholder of Advance Auto Parts is BlackRock Advisors LLC.
Understanding Advance Auto Parts' Major Shareholders
Advance Auto Parts, Inc. is a prominent provider of automotive aftermarket parts for both professional installers and do-it-yourself customers. As a publicly traded company, its ownership is distributed among various investors, with a significant portion held by large institutional investment firms. These firms manage substantial assets and often hold considerable stakes in major corporations across different industries.
Among these key institutional investors, BlackRock Advisors LLC holds the largest individual stake in Advance Auto Parts. Their substantial holding reflects their significant investment in the automotive retail and parts sector.
Key Institutional Holdings in Advance Auto Parts
The following table details the primary institutional shareholders of Advance Auto Parts, Inc., outlining their equity holdings and the percentage of shares they own:
| Shareholder Name | Equities Held | Percentage of Shares |
|---|---|---|
| BlackRock Advisors LLC | 6,920,492 | 11.59 % |
| Vanguard Fiduciary Trust Co. | 6,629,281 | 11.10 % |
| T. Rowe Price Associates, Inc. (IM) | 6,448,474 | 10.80 % |
| T. Rowe Price International Ltd. | 4,979,213 | 8.336 % |
As demonstrated, BlackRock Advisors LLC maintains the leading position as the single largest shareholder, followed closely by Vanguard Fiduciary Trust Co. and T. Rowe Price Associates, Inc. (IM). These major institutional investors are typically long-term holders and their collective influence can be significant in shaping a company's strategic decisions and market performance.
