The State Treasury of the Republic of Poland was the biggest shareholder of GPW and the only shareholder with a stake greater than 5% of the share capital as at 31 December 2017: it holds 14,688,470 shares representing 35.00% of all shares and 51.76% of the total vote.
GPW shareholders as at the end of 2017 - Ownership by number of shares
GPW shareholders as at the end of 2017 - Ownership by number of voting rights
Polish open-ended pension funds jointly held 9.87 million GPW shares at the end of 2017, representing 23.5% of the share capital of GPW. According to GPW estimates, another 10-16% of shares were held by other domestic institutional investors (mainly investment funds), 10-14% directly by domestic individual investors, and 15-17% by foreign investors.