Supply breakdown
Shares as of Sep 30, 2026| Category | Shares | % | Value | Status |
|---|---|---|---|---|
| Circulating | 182.82M | 100.0% | $4.74B | Estimated |
| Free float | - | - | - | Unavailable |
| Insider-held, unrestricted | - | - | - | Unavailable |
| Locked team funds | - | - | - | Unavailable |
| Other restricted (unlisted classes only) | - | - | - | Unavailable |
| Total outstanding | 182.82M | 100.0% | $4.74B | Verified |
| Ownership views (overlap the categories above, never added) | ||||
| Institutional holdings (13F; over 100%, double counted) | 209.74M | 114.7% | $5.44B | Estimated |
| Insider-held, all (Forms 3, 4, 5) | - | - | - | Unavailable |
Institutional and insider holdings can include both tradable and locked shares, so they are shown for reference and never added to the total. Check: no class has more shares deducted than it has outstanding, and the review found no shares that may be counted twice: reconciles.
Valuation
- Traditional$4.74B
- Fully diluted-
- Circulating$4.74B
- Free float-
- Locked team value$0
- Other restricted value$0
Locked and restricted shares
Not reviewed yet.
Institutional holders
13F, quarter ended Jun 30, 2026| Holder | Shares | % of total |
|---|---|---|
| BlackRock, Inc. | 17.56M | 9.61% |
| FMR LLC | 17.05M | 9.33% |
| Brave Warrior Advisors, LLC | 13.38M | 7.32% |
| PRICE T ROWE ASSOCIATES INC /MD/ | 12.52M | 6.85% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 9.62M | 5.26% |
| VANGUARD CAPITAL MANAGEMENT LLC | 8.20M | 4.48% |
| DIMENSIONAL FUND ADVISORS LP | 7.90M | 4.32% |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 7.22M | 3.95% |
| AMERICAN CENTURY COMPANIES INC | 7.21M | 3.94% |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | 6.52M | 3.57% |
Sum of long share positions in Form 13F reports for the quarter. 13F covers managers with over $100M in US equities; some positions are reported by more than one filer. The total is 115% of shares outstanding, so it counts some shares twice: positions reported by more than one manager, and lent shares that appear at both the lender and the buyer. Read it as an upper bound.
Insiders
Forms 3, 4 and 5Form 4 aggregation pending
Share classes
| Class | Listing | Shares outstanding | As of |
|---|---|---|---|
| Common stock | SLM on Nasdaq | 182,821,173 | Sep 30, 2026 |
Notes and sources
- SLM Corp 10-Q for period ended 2026-09-30, Cover page (0001032033-26-000052)
- SEC public float (non-affiliates): $6.80B as of Jun 30, 2025, from the 10-K cover. It is a dollar value at a past date, not circulating supply.