Commentary - 09/15/2006

Who "Controls" The Dow Industrials

This page was created to help determine who really controls the 30 companies listed in the Dow Industrial Index. It was a lot of work, but it turned out very interesting. I can't help but think that nothing has really changed since 1889, when the Great Red Dragon book was published, except that a greater amount of power has been concentrated into fewer hands since then.

"Control" of the Dow - (Total Percentages Divided By 30)
Barclays UK and "Associates"12.043%
Capital Research And Management Company3.342%
Fidelity Management & Research Corp.2.808%
Vanguard Group Inc.2.495%
AXA (France)1.693%
Wellington Management Company LLP1.051%
All other firms average less than 1%
(See tables below)

The point is, control of American companies is rapidly being consolidated into a few foreign hands, and they are also doing so at "frantic" pace. Damn any of the promises that had been made, such as retirement benefits, health care and pensions. And why is this being done? To "own the earth in fee simple."

You can do the same lookup on any public corporation and see for yourself who controls what. You will also see that some of the major holders are hardly nothing more than a "front" for another, more powerful group. Simply find out who the major holders of the major holders are and you will see for yourself. This is simply to make it easier to deceive the public.

While doing this, remember that it only takes 10%, sometime less, sometimes more, of the stock to "control" a widely-held corporation. Especially when management and insiders show little or zero ownership. They, as hirelings, simply take their marching orders and their large paychecks, and everybody else be damned. If they show any conscience about what happens to their employees or customer base, they are simply replaced by another "aggressive leader." Be sure to click on the company's stock letters to check on these "Key Executives," the sums they were paid last year, and the stock options they cashed.

Another problem we're facing now is the growth of private-equity groups, which don't have to make the same disclosures as the publicly-held groups. This is why they keep gaining up on the SEC to "prevent" disclosure and accountability. This story appeared September 1, 2006:
Buyout Firms Join Lobbying Efforts.

I have no illusions that they are simply another type of "Snakes In Suits." One last thing: If you found this information valuable, please help support this site. With that being said, here goes:

Components of Dow Jones Industrials (of 30-Jun-2006)


COMPONENTS OF DOW JONES INDUSTRIALS (of 30-Jun-2006)  
Symbol Name Of Corporation
AA

Major
Holders
1. Alcoa Inc.
Capital Research And Management Company10.18%
Wellington Management Company, LLP7.86%
Morgan Stanley3.67%
FMR Corporation (Fidelity Management & Research Corp)3.57%
State Street Corporation3.55%
Barclays Global Investors UK Holdings Ltd3.03%
Vanguard Group, Inc.2.57%
Hotchkis & Wiley Capital Management, LLC2.41%
Legg Mason Inc.1.94%
Dodge & Cox Inc.1.67%
Total percentage of Barclays and "associates"12.19%
AIG

Major
Holders
2. American International Group Inc.
% of Shares Held by All Insider and 5% Owners:14.00%
FMR Corporation (Fidelity Management & Research Corp)6.32%
AXA (Paris, France)3.63%
Capital Research And Management Company3.08%
State Street Corporation2.89%
Barclays Global Investors UK Holdings Ltd2.79%
Vanguard Group, Inc.2.39%
Davis Selected Advisers, LP2.10%
Legg Mason Inc.1.30%
Northern Trust Corporation1.25%
Franklin Resources, Inc1.13%
Total percentage of Barclays and "associates"6.57%
AXP

Major
Holders
3. American Express Co.
Berkshire Hathaway, Inc12.48%
Davis Selected Advisers, LP6.23%
FMR Corporation (Fidelity Management & Research Corp)4.24%
State Street Corporation3.09%
Barclays Global Investors UK Holdings Ltd2.66%
Vanguard Group, Inc.2.48%
Ameriprise Financial, Inc.2.03%
Northern Trust Corporation1.61%
Massachusetts Financial Services Co.1.55%
AXA (Paris, France)1.48%
Total percentage of Barclays and "associates"7.36%
BA

Major
Holders
4. Boeing Co.
State Street Corporation11.09%
AXA (Paris, France)5.70%
Capital Research And Management Company4.83%
Barclays Global Investors UK Holdings Ltd2.77%
Wellington Management Company, LLP2.54%
Vanguard Group, Inc.2.51%
United States Trust Company Of New York2.33%
Janus Capital Management, LLC1.74%
Goldman Sachs Group Inc1.66%
FMR Corporation (Fidelity Management & Research Corp)1.22%
Total percentage of Barclays and "associates"17.85%
C

Major
Holders
5. Citigroup Inc.
Barclays Global Investors UK Holdings Ltd4.81%
Capital Research And Management Company3.26%
AXA (Paris, France)3.43%
State Street Corporation3.18%
Wellington Management Company, LLP2.48%
Vanguard Group, Inc.2.51%
FMR Corporation (Fidelity Management & Research Corp)1.39%
Morgan Stanley1.28%
UBS Global Asset Management1.28%
Northern Trust Corporation1.26%
Total percentage of Barclays and "associates"10.53%
CAT

Major
Holders
6. Caterpillar Inc.
Capital Research And Management Company4.89%
Marsico Capital Management, LLC3.76%
State Street Corporation3.42%
Barclays Global Investors UK Holdings Ltd3.10%
State Farm Mutual Automobile Insurance Co2.94%
Vanguard Group, Inc.2.56%
FMR Corporation (Fidelity Management & Research Corp)2.35%
Primecap Management Company1.66%
Northern Trust Corporation1.65%
Wellington Management Company, LLP1.29%
Total percentage of Barclays and "associates"8.17%
DD

Major
Holders
7. EI DuPont de Nemours & Co.
Capital Research And Management Company5.25%
State Street Corporation4.46%
Wellington Management Company, LLP3.49%
Barclays Global Investors UK Holdings Ltd3.14%
Morgan Stanley3.04%
Vanguard Group, Inc.2.53%
Legg Mason Inc.2.22%
T. Rowe Price Associates1.85%
Wilmington Trust Company2.53%
Northern Trust Corporation1.52%
Total percentage of Barclays and "associates"16.23%
DIS

Major
Holders
8. Walt Disney Co.
% of Shares Held by All Insider and 5% Owners:20.00%
FMR Corporation (Fidelity Management & Research Corp)4.26%
State Street Corporation3.43%
Barclays Global Investors UK Holdings Ltd3.21%
Wellington Management Company, LLP3.21%
Legg Mason Inc.2.77%
Vanguard Group, Inc.2.63%
Southeastern Asset Management, Inc.2.51%
Morgan Stanley2.06%
State Farm Mutual Automobile Insurance Co2.02%
Capital Research And Management Company1.65%
Total percentage of Barclays and "associates"11.47%
GE

Major
Holders
9. General Electric Co.
Barclays Global Investors UK Holdings Ltd3.77%
Capital Research And Management Company3.01%
FMR Corporation (Fidelity Management & Research Corp)2.90%
State Street Corporation2.85%
Vanguard Group, Inc.2.55%
AXA (Paris, France)1.79%
Northern Trust Corporation1.44%
Mellon Financial Corporation1.38%
T. Rowe Price Associates1.17%
JP Morgan Chase & Company1.09%
Total percentage of Barclays and "associates"11.70%
GM

Major
Holders
10. General Motors Corporation
% of Shares Held by All Insider and 5% Owners:10.00%
State Street Corporation15.35%
Capital Research And Management Company10.77%
Brandes Investment Partners L.P.10.51%
Southeastern Asset Management, Inc.7.16%
Barclays Global Investors UK Holdings Ltd3.31%
Credit Suisse2.51%
Vanguard Group, Inc.2.48%
FMR Corporation (Fidelity Management & Research Corp)2.45%
Mellon Financial Corporation2.36%
Morgan Stanley2.35%
Total percentage of Barclays and "associates"23.37%
HD

Major
Holders
11. Home Depot Inc.
Barclays Global Investors UK Holdings Ltd5.48%
FMR Corporation (Fidelity Management & Research Corp)5.09%
Legg Mason Inc.3.31%
State Street Corporation3.20%
Vanguard Group, Inc.2.56%
AXA (Paris, France)1.80%
Lehman Brothers Holdings Inc.1.55%
Northern Trust Corporation1.44%
Grantham Mayo Van Otterloo & Company1.40%
T. Rowe Price Associates1.35%
Total percentage of Barclays and "associates"16.33%
HON

Major
Holders
12. Honeywell International Inc.
State Street Corporation11.06%
FMR Corporation (Fidelity Management & Research Corp)9.31%
Barclays Global Investors UK Holdings Ltd3.08%
T. Rowe Price Associates2.78%
Vanguard Group, Inc.2.53%
Legg Mason Inc.1.98%
Northern Trust Corporation1.35%
Deutsche Bank Aktiengesellschaft1.33%
TIAA-CREF Investment Management, LLC1.17%
Mellon Financial Corporation1.15%
Total percentage of Barclays and "associates"21.40%
HPQ

Major
Holders
13. Hewlett-Packard Co.
Dodge & Cox Inc.4.49%
State Street Corporation4.35%
FMR Corporation (Fidelity Management & Research Corp)4.05%
AXA (Paris, France)3.37%
Barclays Global Investors UK Holdings Ltd3.30%
Capital Research And Management Company3.03%
Vanguard Group, Inc.2.59%
Wellington Management Company, LLP1.68%
Private Capital Management, Inc.1.59%
Goldman Sachs Group Inc1.56%
Total percentage of Barclays and "associates"10.80%
IBM

Major
Holders
14. International Business Machines Corp.
State Street Corporation4.78%
Capital Research And Management Company4.14%
Barclays Global Investors UK Holdings Ltd3.46%
Vanguard Group, Inc.2.59%
Wellington Management Company, LLP1.61%
AXA (Paris, France)1.48%
Mellon Financial Corporation1.39%
JP Morgan Chase & Company1.28%
Northern Trust Corporation1.20%
Legg Mason Inc.1.19%
Total percentage of Barclays and "associates"13.30%
INTC

Major
Holders
15. Intel Corp.
Barclays Global Investors UK Holdings Ltd5.13%
FMR Corporation (Fidelity Management & Research Corp)3.61%
State Street Corporation3.26%
Vanguard Group, Inc.2.43%
Mellon Financial Corporation1.64%
Northern Trust Corporation1.47%
Deutsche Bank Aktiengesellschaft1.37%
Brandes Investment Partners L.P.1.30%
Legg Mason Inc.1.29%
TIAA-CREF Investment Management, LLC1.10%
Total percentage of Barclays and "associates"12.79%
JNJ

Major
Holders
16. Johnson & Johnson
FMR Corporation (Fidelity Management & Research Corp)4.99%
Barclays Global Investors UK Holdings Ltd4.83%
State Street Corporation4.42%
Vanguard Group, Inc.2.61%
Robert Wood Johnson Foundation2.27%
Northern Trust Corporation1.47%
Mellon Financial Corporation1.32%
State Farm Mutual Automobile Insurance Co1.29%
Legg Mason Inc.1.21%
Massachusetts Financial Services Co.1.04%
Total percentage of Barclays and "associates"13.25%
JPM

Major
Holders
17. JP Morgan Chase & Co.
Barclays Global Investors UK Holdings Ltd5.05%
AXA (Paris, France)3.91%
Capital Research And Management Company3.32%
State Street Corporation3.12%
Vanguard Group, Inc.2.54%
Legg Mason Inc.2.20%
Davis Selected Advisers, LP2.05%
FMR Corporation (Fidelity Management & Research Corp)2.00%
Mellon Financial Corporation1.28%
Morgan Stanley1.25%
Total percentage of Barclays and "associates"12.90%
KO

Major
Holders
18. Coca-Cola Co.
% of Shares Held by All Insider and 5% Owners:10.00%
Berkshire Hathaway, Inc8.54%
Suntrust Banks, Inc.4.32%
Capital Research And Management Company3.92%
Barclays Global Investors UK Holdings Ltd3.29%
State Street Corporation2.78%
Vanguard Group, Inc.2.27%
Mellon Financial Corporation1.45%
Deutsche Bank Aktiengesellschaft1.35%
FMR Corporation (Fidelity Management & Research Corp)1.29%
Northern Trust Corporation1.23%
Total percentage of Barclays and "associates"13.07%
MCD

Major
Holders
19. McDonald's Corp.
Dodge & Cox Inc.5.64%
AXA (Paris, France)5.04%
Deutsche Bank Aktiengesellschaft4.05%
State Street Corporation3.75%
Harris Associates L.P.3.39%
Barclays Global Investors UK Holdings Ltd3.16%
Vanguard Group, Inc.2.62%
Wellington Management Company, LLP1.67%
Legg Mason Inc.1.46%
Mellon Financial Corporation1.45%
Total percentage of Barclays and "associates"9.82%
MMM

Major
Holders
20. 3M Co.
State Street Corporation7.81%
Barclays Global Investors UK Holdings Ltd5.03%
FMR Corporation (Fidelity Management & Research Corp)2.84%
Vanguard Group, Inc.2.48%
Capital Research And Management Company1.89%
U.S. Bancorp (Minnesota)1.86%
Northern Trust Corporation1.58%
State Farm Mutual Automobile Insurance Co1.44%
Montag & Caldwell, Inc.1.36%
Barrow, Hanley Mewhinney & Strauss, Inc.1.22%
Total percentage of Barclays and "associates"16.28%
MO

Major
Holders
21. Altria Group Inc.
Capital Research And Management Company8.08%
State Street Corporation3.96%
Bank Of America Corporation3.34%
Barclays Global Investors UK Holdings Ltd3.21%
Deutsche Bank Aktiengesellschaft2.70%
AXA (Paris, France)2.57%
Morgan Stanley2.56%
Vanguard Group, Inc.2.52%
Davis Selected Advisers, LP2.43%
FMR Corporation (Fidelity Management & Research Corp)2.04%
Total percentage of Barclays and "associates"13.07%
MRK

Major
Holders
22. Merck & Co. Inc.
Capital Research And Management Company5.60%
Barclays Global Investors UK Holdings Ltd4.40%
State Street Corporation3.37%
Franklin Resources, Inc3.35%
AXA (Paris, France)3.08%
FMR Corporation (Fidelity Management & Research Corp)2.72%
Vanguard Group, Inc.2.60%
Deutsche Bank Aktiengesellschaft1.87%
Brandes Investment Partners L.P.1.87%
Mellon Financial Corporation1.63%
Total percentage of Barclays and "associates"12.75%
MSFT

Major
Holders
23. Microsoft Corp.
% of Shares Held by All Insider and 5% Owners:12.00%
Capital Research And Management Company4.31%
Barclays Global Investors UK Holdings Ltd4.15%
State Street Corporation2.57%
Vanguard Group, Inc.2.28%
FMR Corporation (Fidelity Management & Research Corp)1.64%
AXA (Paris, France)1.48%
Wellington Management Company, LLP1.67%
Northern Trust Corporation1.16%
T. Rowe Price Associates1.14%
Mellon Financial Corporation1.05%
Total percentage of Barclays and "associates"10.07%
PFE

Major
Holders
24. Pfizer Inc.
Barclays Global Investors UK Holdings Ltd4.48%
State Street Corporation3.06%
Vanguard Group, Inc.2.58%
Franklin Resources, Inc1.90%
AXA (Paris, France)1.83%
Dodge & Cox Inc.1.75%
FMR Corporation (Fidelity Management & Research Corp)1.52%
Deutsche Bank Aktiengesellschaft1.51%
Legg Mason Inc.1.50%
Capital Research And Management Company1.36%
Total percentage of Barclays and "associates"10.94%
PG

Major
Holders
25. Procter & Gamble Co.
Barclays Global Investors UK Holdings Ltd3.51%
Berkshire Hathaway, Inc3.15%
State Street Corporation3.11%
AXA (Paris, France)2.75%
Vanguard Group, Inc.2.64%
Northern Trust Corporation1.73%
FMR Corporation (Fidelity Management & Research Corp)1.43%
Mellon Financial Corporation1.29%
Marsico Capital Management, LLC1.24%
Janus Capital Management, LLC1.17%
Total percentage of Barclays and "associates"9.64%
T

Major
Holders
26. AT&T Inc.
Capital Research And Management Company7.77%
FMR Corporation (Fidelity Management & Research Corp)4.81%
Barclays Global Investors UK Holdings Ltd3.87%
State Street Corporation3.28%
Wellington Management Company, LLP2.91%
Vanguard Group, Inc.2.57%
AXA (Paris, France)2.12%
Morgan Stanley1.93%
Mellon Financial Corporation1.56%
Bank Of America Corporation1.54%
Total percentage of Barclays and "associates"12.18%
UTX

Major
Holders
27. United Technologies Corp.
State Street Corporation10.59%
Capital Research And Management Company4.30%
Barclays Global Investors UK Holdings Ltd3.03%
Vanguard Group, Inc.2.49%
AXA (Paris, France)2.10%
FMR Corporation (Fidelity Management & Research Corp)2.04%
Northern Trust Corporation1.87%
United States Trust Company Of New York1.58%
Massachusetts Financial Services Co.1.54%
Bank Of America Corporation1.50%
Total percentage of Barclays and "associates"18.57%
VZ

Major
Holders
28. Verizon Communications Inc.
Barclays Global Investors UK Holdings Ltd5.60%
State Street Corporation3.07%
Capital Research And Management Company3.00%
Vanguard Group, Inc.2.58%
Morgan Stanley2.37%
Bank Of America Corporation1.95%
FMR Corporation (Fidelity Management & Research Corp)1.79%
AXA (Paris, France)1.62%
Barrow, Hanley Mewhinney & Strauss, Inc.1.45%
Deutsche Bank Aktiengesellschaft1.35%
Total percentage of Barclays and "associates"12.99%
WMT

Major
Holders
29. Wal-Mart Stores Inc.
% of Shares Held by All Insider and 5% Owners:41.00%
FMR Corporation (Fidelity Management & Research Corp)2.86%
Barclays Global Investors UK Holdings Ltd2.56%
State Street Corporation1.80%
Capital Research And Management Company1.58%
Vanguard Group, Inc.1.53%
Dodge & Cox Inc.1.16%
Morgan Stanley0.80%
T. Rowe Price Associates0.80%
Davis Selected Advisers, LP0.77%
Northern Trust Corporation0.71%
Total percentage of Barclays and "associates"6.67%
XOM

Major
Holders
30. Exxon Mobil Corp.
Barclays Global Investors UK Holdings Ltd4.06%
State Street Corporation3.17%
Vanguard Group, Inc.2.63%
AXA (Paris, France)1.62%
JP Morgan Chase & Company1.59%
Mellon Financial Corporation1.52%
FMR Corporation (Fidelity Management & Research Corp)1.51%
Northern Trust Corporation1.39%
Wellington Management Company, LLP1.12%
Capital Research And Management Company1.05%
Total percentage of Barclays and "associates"11.73%

2006 by Edward Ulysses Cate

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