Costco runs a high-quality, low-priced business model powered by its memberships that draw customers’ loyalty and repeat purchases. Top institutional investors comprise The Vanguard Group, with 8.42%, and BlackRock, 56.80%. Top individual shareholders comprise Craig Jelinek, Charles T. Munger (Warren Buffet partner and co-owner of Berkshire Hathaway), James Murphy, and more.
Costco’s top individual and institutional investors
Short History of Costco
- Costco is a multinational big-box chain of membership-only retail stores that has existed in some form since 1976. Costco is now the fifth most impactful retailer in the world behind Walmart, Amazon, Schwarz Group, and Aldi.
- Costco was founded seven years after Price Club by Jeffrey H. Brotman and James D. Sinegal. With similar business models and at a comparable stage of growth, the two companies merged in 1993 to become Price Costco.
- In 1995, the company launched the successful Kirkland Signature private label brand and changed its name to Costco Companies Inc. in 1997.
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