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KEY TAKEAWAYS
- Billionaire hedge fund manager Bill Ackman and his wife Neri Oxman bought 4.9% stake in Tel Aviv Stock Exchange (TASE).
- Prior top TASE shareholders include Manikay Global, Novo Nordisk Foundation and Artisan Partners Asset Management.
- Blackrock and Vanguard are major stakeholders with more than 5% stake in NYSE-parent IntercontinentalExchange.
- Borse Dubai, Thoma Bravo, InvestorAB and Vanguard own more than 5% stake each in Nasdaq.
Billionaire investor Bill Ackman and his wife Neri Oxman purchased 4.9% equity stake in the Tel Aviv Stock Exchange (TASE), via a secondary offering on Wednesday. TASE trades on the over-the counter (OTC) markets under the symbol TVAVF .
Even before Ackman’s buy, the exchange had other prominent stakeholders including New York-based hedge fund Manikay Global Opportunities Holdings, Danish Novo Nordisk Foundation—which owns the parent company of the Ozempic and Wegovy manufacturer Novo Nordisk ( NVO )—and Wisconsin-based asset manager Artisan Partners Asset Management.
Does that make you wonder who the major stakeholders in U.S. stock exchanges are?
Top Stakeholders of NYSE
The New York Stock Exchange (NYSE) Euronext was acquired by InterContinental Exchange ( ICE ) in 2013 in a cash and stock deal valued at almost $11 billion.
ICE began trading on the NYSE in 2005. In the following year, NYSE began trading as a public company after its Archipelago merger in 2006, and evolved into NYSE EuroNext after a deal with Euronext in 2007.
The major shareholders of ICE that own more than 5% stake are funds of BlackRock ( BLK ) and Vanguard Group, according to its most recent proxy filing in March 2023.
Top Stakeholders of Nasdaq
Shares of Nasdaq ( NDAQ ) began trading on its own platform after a secondary offering in 2005. Nasdaq first offered its shares to limited shareholders via a private placement in 2000 with restrictions on trading until 2002, when those shares became available to trade on the OTC market.
Today, stakeholders with greater than 5% ownership of the company’s stock include Borse Dubai, a stock exchange in the UAE. Private equity firm Thoma Bravo, Swedish Investment company Investor AB, and The Vanguard Group own the next biggest stakes.