DRS Leaderboards
The top 10 securities by percentage of the public float being registered in individual's names.
Don't see your company on this list? Ask them to release their DRS numbers in their filings as these companies have.
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Just a couple of publicly traded companies choose to release information about their directly registered shareholders in filings such as the 10-Q and 10-K. The 10-Q is a quarterly report detailing multiple aspects of the company filed with the SEC, and the 10-K is an annual report covering the same information.
The DRS percentage of non-reporting companies is unknown, but presumed to be low. For decades, most publicly traded stock has been and continues to be owned by Cede and Company, kept in what is called "street name".
Few companies include DRS ownership numbers in their 10-Qs and 10-Ks. If you'd like to see a company you invest with report this information, let them know! You can use our Investor Relations contact tool to get started.
Meet the DRS Leaders
Here are the top 3 most "directly registered" companies in America
Ticker - GME
Issuer - GameStop Corp
Outstanding Shares - 305,241,294
Directly Registered Shares - 75,400,000
% of Outstanding DRS - 24.71%
Ticker - AMC
Issuer - AMC
Outstanding Shares - 198,356,898
Directly Registered Shares - 1,600,000
% of Outstanding DRS - .80%
Ticker - ?
Issuer - ?
Outstanding Shares - ?
Directly Registered Shares - ?
% of Outstanding DRS - ?
At the moment, only two companies clearly list the amount of shares held through DRS in financial filings.
A Story of Self-Custody
Disclosing DRS statistics indicates an issuer's commitment to transparency and to empowering self-custody of assets among investors.
Of the companies that report on their financial filings, GameStop was the first to do so. About a quarter of the company is directly owned by tens of thousands of individual investors, in their own name. There has never been any company which received such massive interest and enthusiasm from household investors seeking self-custody of their investment. Responding to investor interest, GameStop was the first company to start releasing this information in 10-Q reports.
AMC was the second company to begin including DRS numbers in financial reports following similar interest from their online investing community.
At WhyDRS, we would like to see all companies disclose this information. According to SEC Chairman Gary Gensler, the only thing stopping issuers from including DRS numbers in financial filings is the fact that these issuers are not aware of material interest in this data from their investors. If you want to see your company on this list, reach out to them and make sure they know!
Other Cases:
Dillard's has a large proportion of Class A stock held in direct beneficial ownership, but not held directly with the transfer agent and not distributed among investors. The disclosed direct beneficial holdings positions are held in majority by the Dillard family and detailed in their Proxy statement. Direct beneficial holding is not the same as direct registered holding, and still involves a custodian.
Cincinnati Financial Corporation listed in a financial filing that of 157 million outstanding shares, 13,700 of these are registered holders. Registered holders have their names recorded on the ledger of the issuer, and can include Direct Registered holders, but also include holders who are enrolled in a direct stock purchase plan. If all of these 13,700 holders were known to be holding in direct registration, the CINF stock would have .0087% of shares DRS.
Where does this information come from?
The world wide volunteers who contribute to WhyDRS have assembled a database of information on US companies and their chosen transfer agents, as well as the global brokers that trade those companies in an effort to make this underserved topic more accessible.
If you would like to contribute or take a look at the database click on the link below: