| Category | Shares | % | Value | Status |
|---|---|---|---|---|
| Circulating | 112.14M | 48.3% | $11.18B | Estimated |
| Free float | - | - | - | Unavailable |
| Insider-held, unrestricted | - | - | - | Unavailable |
| Locked team funds | - | - | - | Unavailable |
| Other restricted (unlisted classes only) | 119.99M | 51.7% | $11.96B | Verified |
| Total outstanding | 232.13M | 100.0% | $23.13B | Verified |
| Ownership views (overlap the categories above, never added) | ||||
| Institutional holdings (13F) | 116.84M | 50.3% | $11.64B | 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.
Class B (not listed on any exchange)
96,933,192 shares
41.8% of total · $9.66B
Class B shares are not listed on any exchange and cannot be traded as they are. A holder must first convert them into Class A shares, which can then be sold. FloatCap counts them outside circulating supply until converted.
Verified10-Q, Cover page: shares outstanding by class; the class has no trading symbolApplied automatically to every unlisted class.
Class C (not listed on any exchange)
18,000,000 shares
7.8% of total · $1.79B
Class C shares are not listed on any exchange and cannot be traded as they are. A holder must first convert them into Class A shares, which can then be sold. FloatCap counts them outside circulating supply until converted.
Verified10-Q, Cover page: shares outstanding by class; the class has no trading symbolApplied automatically to every unlisted class.
Class D (not listed on any exchange)
5,056,868 shares
2.2% of total · $503.97M
Class D shares are not listed on any exchange and cannot be traded as they are. A holder must first convert them into Class A shares, which can then be sold. FloatCap counts them outside circulating supply until converted.
Verified10-Q, Cover page: shares outstanding by class; the class has no trading symbolApplied automatically to every unlisted class.
| Holder | Shares | % of total |
|---|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ | 16.38M | 7.05% |
| BlackRock, Inc. | 6.88M | 2.96% |
| WELLINGTON MANAGEMENT GROUP LLP | 6.20M | 2.67% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 6.06M | 2.61% |
| VANGUARD CAPITAL MANAGEMENT LLC | 5.24M | 2.26% |
| Carmignac Gestion | 3.88M | 1.67% |
| T. Rowe Price Investment Management, Inc. | 3.30M | 1.42% |
| STATE STREET CORP | 2.81M | 1.21% |
| AQR CAPITAL MANAGEMENT LLC | 2.79M | 1.20% |
| Grantham, Mayo, Van Otterloo & Co. LLC | 2.66M | 1.15% |
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.
Form 4 aggregation pending
| Class | Listing | Shares outstanding | As of |
|---|---|---|---|
| Class A | TW on Nasdaq | 112,144,146 | Oct 22, 2026 |
| Class B | Not listed (valued at TW) | 96,933,192 | Oct 22, 2026 |
| Class C | Not listed (valued at TW) | 18,000,000 | Oct 22, 2026 |
| Class D | Not listed (valued at TW) | 5,056,868 | Oct 22, 2026 |