COSTCO WHSL CORP NEW

COST registers 4,060 institutional filers with roughly $293B in aggregate 13F value. The register is structurally passive-led and notably thin on active discretionary conviction: BlackRock, Vanguard Capital Management, State Street, and FMR dominate the top tier, while active names like Capital Research and Invesco carry far smaller stakes than they do in peer consumer-discretionary or consumer-staples registers. That scarcity of active-manager overlay is itself the defining Costco signal.