---
endpoint: analytics
pattern: Financial Services
status: done
latency_ms: 104497
conversation_id: 8c1f5ac8-ce2a-48bb-af95-675ad588a26d
citations: 2
created: 2026-05-31 20:43:29Z
---

# Who are the key shareholders of CBA?

# Key Shareholders of Commonwealth Bank of Australia (CBA-AU)

Based on CBA's most recent FY2024 Annual Report (as at 30 June 2024), here are the key shareholders. As is typical for large ASX-listed companies, the register is dominated by **custodial nominees** (which hold shares on behalf of underlying institutional and retail investors), with the true beneficial owners disclosed separately under substantial shareholding notices.

## Substantial Shareholders (Beneficial Owners)

As at 13 August 2024, three global asset managers have lodged substantial shareholding notices with the ASX [2]:

| Holder | Shares | % Voting Power | Notice Date |
|---|---:|---:|---|
| **BlackRock Group** | 106,300,321 | ~6% | 10 March 2020 |
| **State Street Corporation** | 101,418,394 | ~6% | 10 April 2024 |
| **Vanguard Group** | 85,093,294 | ~5% | 28 July 2022 |

These represent the largest **beneficial** owners — the index/passive giants that hold CBA via their global equity, Australian equity, and ASX 200 tracking funds.

## Top 20 Registered Holders (Nominee/Custodian View) — As at 30 June 2024

The register is concentrated in custodial nominees, which act as the intermediary for institutional investors (including BlackRock, State Street, and Vanguard above) and many retail platforms [1]:

| Rank | Name of Holder | Shares | % |
|---:|---|---:|---:|
| 1 | HSBC Custody Nominees | 408,100,909 | **24.38%** |
| 2 | JP Morgan Nominees Australia Limited | 252,342,218 | **15.08%** |
| 3 | Citicorp Nominees Pty Limited | 109,210,490 | **6.53%** |
| 4 | BNP Paribas Noms Pty Ltd | 51,768,645 | 3.09% |
| 5 | National Nominees Limited | 22,870,289 | 1.37% |
| 6 | Australian Foundation Investment Company | 7,698,000 | 0.46% |
| 7 | Netwealth Investments Limited | 7,085,405 | 0.42% |
| 8 | Australian Executor Trustees Limited | 5,192,783 | 0.31% |
| 9 | Bond Street Custodians Limited | 3,597,955 | 0.21% |
| 10 | Argo Investments Limited | 2,703,731 | 0.16% |
| 11 | Mutual Trust Pty Ltd | 1,816,770 | 0.11% |
| 12 | Invia Custodian Pty Limited | 1,605,928 | 0.10% |
| 13 | McCusker Holdings Pty Ltd | 1,370,000 | 0.08% |
| 14 | Custodial Services Limited | 1,038,830 | 0.06% |
| 15 | IOOF Investment Services Ltd | 1,016,860 | 0.06% |
| 16 | BKI Investment Company Limited | 930,572 | 0.06% |
| 17 | Woodross Nominees Pty Ltd | 873,847 | 0.05% |
| 18 | UBS Nominees Pty Ltd | 869,864 | 0.05% |
| 19 | Australian United Investment Company Limited | 645,000 | 0.04% |
| 20 | The Senior Master of The Supreme Court | 610,458 | 0.04% |

**Top 20 combined: 881,348,554 shares = 52.66% of shares on issue** [2].

## Key Takeaways

- **Highly diffuse retail base**: CBA has ~831,000 shareholders, with ~77% holding 1,000 shares or fewer — a reflection of the bank's 1991 public float and Australia's deep retail equity culture.
- **Custodian-dominated register**: The top 5 nominees (HSBC, JP Morgan, Citi, BNP Paribas, NAB-related National Nominees) hold ~50% of shares on issue — they are intermediaries, not beneficial owners.
- **Big Three passive owners (BlackRock, State Street, Vanguard)** are the principal beneficial holders at the 5–6% level each, consistent with CBA's weight in the ASX 200 (~9–10% of the index, often the largest single constituent).
- **No single dominant strategic/family shareholder**: Unlike some Asian peers, CBA has no controlling block; the Australian Government's 1991–1996 sell-down was fully completed, leaving the bank in dispersed institutional/retail hands.

## Note on Data Vintage

The figures above are from CBA's FY2024 Annual Report (year ended 30 June 2024) — the most recent annual report available in the indexed data. CBA's FY2025 results were released August 2025; updated substantial-shareholding notices may have been lodged since (e.g., BlackRock's 2020 notice predates several large position moves, and State Street only first crossed the 5% disclosure threshold in April 2024). For the very latest substantial holdings, ASX announcements under CBA's ticker should be checked.

---
**Sources**
[1] Commonwealth Bank of Australia — 2024 Annual Report, "Top 20 holders of fully paid ordinary shares as at 30 June 2024"
[2] Commonwealth Bank of Australia — 2024 Annual Report, "Substantial shareholding" disclosures as at 13 August 2024

## Citations

- [1] **Commonwealth Bank of Australia - 2024 Annual Report (CBA-AU)** · external
- [2] **Commonwealth Bank of Australia - 2024 Annual Report (CBA-AU)** · external

