Credit Suisse Shareholders | Who owns the most shares of Credit Suisse?

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Who owns the most CS shares? Photo: Marlon Trottmann/Shutterstock

Investors in Swiss credit (CS) saw the value of their holdings more than halve in 2022 as the struggling bank battled various crises.

The Swiss financial services company has faced probing questions about its financial strength and grapples with the continued fallout from past scandals. These issues caused CS’s stock price to fall 56% from $9.92 at the start of this year to $4.55 at the close of trading on October 17.

But what does this mean for Credit Suisse shareholders? Here we take a look at who owns the most Credit Suisse sharesand what could be the impact of the group’s various issues on investors.

What is Credit Suisse?

Credit Suisse is a global wealth manager. Founded more than 160 years ago, it employs around 50,000 people worldwide, as of October 2022. The Swiss-based group serves its customers through four divisions:

  • Wealth management

  • investment bank

  • Swiss Bank

  • Asset Management

Its shares are listed on the Swiss Stock Exchange (SIX) under the symbol “CSGN” and in the form of American Depositary Shares (ADS) on the New York Stock Exchange (NYSE) under “CS”. Over the past five years, CS stock has suffered a downward trend, amid a broader microeconomic environment and a series of internal issues.

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Credit Suisse Shareholders: Institutional vs Retail

Businesses are usually owned by different groups of people – and it’s important to know who they are because their presence can affect how they operate. For example, if a particular group – or individual – holds a particularly large stake, it may give them a greater degree of influence over the operation of the business.

Credit Suisse was majority-owned by retail investors. In fact, they made up 98% of the total shareholding, according to the company’s breakdown, at the end of 2021. At last count, there were 100,799 private shareholders of Credit Suisse. Of these, 87% (89,777) came from Switzerland, the remaining 11,022 from abroad.

Institutional investors made up a relatively small 2% of CS’s total shareholders. This equates to 2,561 organizations. Of this number, 2,225 were based in Switzerland and 336 came from abroad.

A wide range of institutions held shares of Credit Suisse. These included 352 other trusts, 292 investment trusts, 285 pension funds, 75 insurance companies, 28 government institutions and 13 banks.

Insider positions on CS stock

There have been no insider trades in CS stock in the past 12 months, according to WallStreetZen data, as of October 17.

However, executives sold Credit Suisse shares four times in 2022, according to trade disclosure on the SIX Exchange Regulation website. This included 50,000 shares on May 12, 50,000 and 80,000 on May 13, and 100,025 shares on August 17. The names of the sellers have not been disclosed.

Credit Suisse’s most recent data on board holdings, as of the end of 2021, showed that Helman Sitohang, who was managing director of the Asia-Pacific region, held 471,033 shares. Earlier this year, he announced his intention to step down from that role.

Romeo Cerutti, who retired this year as general counsel after more than a decade in that role, held 419,333 shares. Thomas P. Gottstein, who left his post as managing director of Credit Suisse earlier this year, held 343,933 shares.

Credit Suisse Institutional Shareholders

Unlike private shareholders, institutions can influence the evolution of stock prices more, because they can enter and exit positions in large quantities. If the institutions massively sell the shares, the share price will fall.

On the other hand, large institutional holdings can also signal that professional investors have a positive view of the company.

Who are the shareholders of Credit Suisse? Although they represent only 2% of total investors in the stock, there are some big names.

Hotchkis Wiley Capital Management LLC

The US-based value investor was the largest institutional shareholder in Credit Suisse Group Ag, holding 26.96 million shares. This represents 1.05% of the company, according to the WallStreetZen data, as of October 17.

The Los Angeles-based company was founded in 1980 by John Hotchkis and George Wiley, who had a common vision of how an investment manager should operate. At the heart of their vision was the belief that disciplined, independent analysis was the key to finding undervalued securities.

The firm offers a range of strategies and mutual funds covering US equities, international equities and fixed income securities. In value stocks, for example, it invests in companies that are overlooked or misunderstood and are trading at a significant discount to their intrinsic value.

Dimensional Fund Advisors

Credit Suisse’s second largest shareholder was Dimension Fund Advisors. It is a private investment firm headquartered in Austin, Texas.

As of October 17, the company held 5.46 million CS shares, which represented 0.21% of the company. This meant that the value of his stake was approximately $24 million.

Dimensional was founded 41 years ago and had $575 billion in assets under management, as of October 2022, along with 1,400 employees in 14 global offices.

The firm’s approach is to work with financial economists to better understand where returns are coming from. He stated:

“Trusting the markets to do what they do best – turning information into prices – frees us to spend time where we think we have an advantage, namely in how we interpret research, how we design and manage the portfolios and how we serve our clients. ”

Morgan Stanley

CS’s third largest shareholder was Morgan Stanley (MS), the American multinational investment management and financial services company. Similar to Dimensional, Morgan Stanley held 5.34 million shares, equivalent to a 0.21% stake valued at $23.47 million, as of October 17.

Morgan Stanley opened on Wall Street in September 1935 and established itself as a major name in the financial world. It offers a wide range of investment solutions for all major asset classes, including real assets, global fixed income and active fundamental stocks.

In the area of ​​wealth management, Morgan Stanley said, “We help individuals, businesses and institutions create, preserve and manage their wealth so they can pursue their financial goals.”

Goldman Sachs Group

Another long-established U.S. financial institution, Goldman Sachs (GS), owned, as of October 17, 3.84 million shares of Credit Suisse, WallStreetZen the data showed. This 0.15% stake was valued at $16.89 million at the time of writing.

Goldmans was founded in 1869. Although headquartered in New York, it has offices in all major financial centers of the world. The company offers a wide range of financial services in the areas of investment banking, securities, investment management and retail banking.

For example, within the framework of asset management, it offers solutions in traditional and alternative asset classes, as well as sustainable and impact investments. This division oversees more than $2 billion in assets under watch globally, as of December 31, 2021.

Brandes Investment Partners

The U.S. value-investing specialists held 2.58 million shares of Credit Suisse, equivalent to a 0.10% stake worth $11.35 million, according to data from the 17 october.

The investment advisory firm, founded in 1974, manages global equities and fixed income assets for clients around the world. According to Brandes, its managers apply a fundamental process, as well as a long-term global perspective. He insisted that it resulted in independent thinking. The company said:

“We aim to take advantage of market irrationality and mispricing of short-term securities by buying stocks and bonds that we believe are undervalued based on our detailed analysis of their true value.”

Brandes offers a wide range of investment strategies, including international equities, corporate-focused fixed income and global value opportunities.

Final Thoughts

Our review found that institution Hotchkis Wiley Capital Management topped the list of major Credit Suisse shareholders with 26.96 million shares, representing 1.05% of the company, as of October 17.

However, Credit Suisse was majority-owned by private investors, with more than 100,000 of them representing 98% of the group’s shares at the time of writing (17 October).

Knowing who owns the most shares of Credit Suisse can help gauge the company’s prospects, as large investors typically have significant influence over governance.

However, this should not be the main reason for your decision to buy a stock. Whether Credit Suisse is a good investment should depend on your investment goals, risk tolerance and portfolio size. It is important to do your own research before making an investment or trading decision. And never invest or trade money you can’t afford to lose.

FAQs

Who owns Credit Suisse?

The stock was primarily held by private investors, as well as some high-profile institutional names, according to the breakdown of the company’s shareholding structure at the end of 2021. There were 100,799 private investors, representing 98 % of the share. Institutions, which held the remaining 2%, included a mix of banks, investment funds, pension funds and other trusts.

How many shareholders does Credit Suisse have?

According to company data, there were 100,799 private investors and 2,561 institutional investors at the end of 2021.

Will Credit Suisse stock go up or down?

No one is certain. You will need to perform your own analysis on the stock in order to come to a conclusion. See the latest technical and fundamental analysis, a wide range of news and analyst commentary. Remember that past performance does not guarantee future returns. And never trade money you can’t afford to lose.

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