DOSSIER · 13F Holders · Q2 2026Financial Services · Credit Services
AXP

AMERICAN EXPRESS CO

3,173 institutions still hold AMERICAN EXPRESS CO as of Q2 2026. Tracked across SEC 13F-HR filings, with insider and 13D/G activity surfaced alongside.

CUSIP 025816109·Credit Services·3,173 13F holders·last filed Jun 30, 2026
Market cap
$210.0B
13F value held
$131.6B
visible holders
Holders
3,173
filers reporting
Concentration
38.98%
BERKSHIRE HATHAWAY INC #1
top holder share
AI Holders Summary · Q2 2026

American Express sits at an institutional crossroads: its premium-card economics have delivered best-in-class credit-box and loan-growth metrics within the financial-services sector, yet the stock's presence in large hedge-fund portfolios is thinner than its scale would suggest. With 3,100+ institutional holders and roughly $145B in reported value, AmEx is held by the full roster of U.S. bank and asset-management platforms, but the top holders lean toward passive vehicles and diversified financial-services mandates rather than dedicated financia l stock pickers. The central analytical tension is spending-power normalization: AmEx's loan book and billings growth depend on continued consumer affordability, and any deterioration in the consumer credit cycle hits AmEx's charge-off rate in a way that Visa and Mastercard — pure network operators with no credit exposure — do not experience.

The premium-card thesis is the structural bull case. AmEx's closed-loop model — where the firm is simultaneously the network operator and the lender — generates Economics superior to Visa and Mastercard on a per-transaction basis. The spending data from the high-net-worth and premium small-business client base is a leading indicator of consumer discretionary health, and AmEx's billings growth has historically run ahead of broader consumer spending indices.

The bear case lives in the credit box. When unemployment rises or consumer savings buffers erode, AmEx's charge-off rate rises faster than pure network operators because it carries the credit risk. The COVID cycle demonstrated this vividly: AmEx's provision for credit losses spiked to levels Visa never experienced. With consumer delinquencies now normalizing from post-pandemic lows, the market is watching whether AmEx's underwriting standards can hold.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Top holders

Sorted by position value. Source: SEC EDGAR 13F-HR filings.

#HolderValueShares% port.Quarter
01
BERKSHIRE HATHAWAY INC
CIK 0001067983
$51.3B151.6M17.14%Q2 2026
02
BlackRock, Inc.
CIK 0002012383
$14.2B42.0M0.21%Q2 2026
03
VANGUARD CAPITAL MANAGEMENT LLC
CIK 0002100119· Index
$11.9B35.2M0.25%Q2 2026
04
STATE STREET CORP
CIK 0000093751
$9.8B29.1M0.29%Q2 2026
05
JPMORGAN CHASE & CO
CIK 0000019617
$7.0B20.5M0.39%Q2 2026
06
GEODE CAPITAL MANAGEMENT, LLC
CIK 0001214717· Index
$4.7B14.0M0.25%Q2 2026
07
MORGAN STANLEY
CIK 0000895421
$4.4B13.1M0.23%Q2 2026
08
Fisher Asset Management, LLC
CIK 0000850529
$3.2B9.4M0.95%Q2 2026
09
Vanguard Portfolio Management
CIK 0002100121· Index
$3.0B8.7M0.13%Q2 2026
10
NORGES BANK
CIK 0001374170· Sovereign
$2.7B8.0M0.27%Q2 2026
11
BANK OF AMERICA CORP /DE/
CIK 0000070858
$2.7B8.0M0.17%Q2 2026
12
PRICE T ROWE ASSOCIATES INC /MD/
CIK 0000080255
$2.1B7.0M0.24%Q1 2026
13
NORTHERN TRUST CORP
CIK 0000073124· Index
$2.1B6.2M0.24%Q2 2026
14
FMR LLC
CIK 0000315066
$2.0B6.0M0.09%Q2 2026
15
WELLS FARGO & COMPANY/MN
CIK 0000072971
$2.0B6.0M0.33%Q2 2026
16
GOLDMAN SACHS GROUP INC
CIK 0000886982
$1.8B5.4M0.16%Q2 2026
17
Nuveen, LLC
CIK 0001871926
$1.8B5.2M0.42%Q2 2026
18
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC
CIK 0000861177
$1.7B5.1M0.31%Q2 2026
19
MASSACHUSETTS FINANCIAL SERVICES CO /MA/
CIK 0000912938
$1.5B4.5M0.49%Q2 2026
20
Artisan Partners Limited Partnership
CIK 0001466153
$1.5B4.5M2.42%Q2 2026
Page 1 of 159
3153 more holders available. Log in →
Insiders at AMERICAN EXPRESS CO
Pike Lynn AnnQuarles Randal K.Wallace Noel R.Angelakis Michael JBaltimore Thomas J JrBrennan John JosephYoung Christopher DavidWardell Lisa W