Gudang Garam Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of GGRM?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	12,946,930	0.673%
Institutions	33,067,673	1.72%
General Public	424,483,897	22.1%
Private Companies	1,453,589,500	75.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 77.94% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
69.3%	PT Suryaduta Investama	1,333,146,800	Rp12.8t	0%	no data
6.26%	PT Suryamitra Kusuma	120,442,700	Rp1.2t	0%	no data
0.93%	The Vanguard Group, Inc.	17,808,938	Rp171.0b	1.01%	no data
0.58%	Juni Wonowidjojo	11,231,645	Rp107.8b	0%	no data
0.33%	Dimensional Fund Advisors LP	6,355,400	Rp61.0b	4.92%	no data
0.17%	Brandes Investment Partners, LP	3,229,412	Rp31.0b	0%	0.01%
0.089%	Susilo Wonowidjojo	1,709,685	Rp16.4b	0%	no data
0.085%	BlackRock, Inc.	1,627,500	Rp15.6b	37.4%	no data
0.043%	Pacific Investment Management Company LLC	826,300	Rp7.9b	0%	no data
0.032%	Charles Schwab Investment Management, Inc.	606,177	Rp5.8b	0%	no data
0.029%	Centerstone Investors LLC	567,665	Rp5.4b	-6.14%	0.17%
0.017%	Geode Capital Management, LLC	317,568	Rp3.0b	0.58%	no data
0.015%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	282,700	Rp2.7b	0%	no data
0.011%	Harvest Fund Management Co. Ltd.	220,000	Rp2.1b	0%	no data
0.011%	Northern Trust Global Investments	209,024	Rp2.0b	-11.9%	no data
0.01%	State Street Global Advisors, Inc.	200,200	Rp1.9b	0%	no data
0.0082%	Eaton Vance Management	157,600	Rp1.5b	0%	no data
0.0079%	Legal & General Investment Management Limited	152,300	Rp1.5b	0%	no data
0.0065%	Van Eck Associates Corporation	125,700	Rp1.2b	2.7%	no data
0.0061%	JP Morgan Asset Management	117,600	Rp1.1b	0%	no data
0.0049%	HSBC Global Asset Management (UK) Limited	94,189	Rp905.1m	0%	no data
0.0032%	SEI Investments Management Corporation	62,100	Rp596.6m	0%	no data
0.0022%	Grantham Mayo Van Otterloo & Co. LLC	42,000	Rp402.7m	0%	no data
0.00099%	Mercer Global Investments Europe Limited	19,000	Rp182.9m	0%	no data
0.00096%	Deutsche Asset & Wealth Management	18,400	Rp177.3m	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/12 22:32
End of Day Share Price	2025/05/09 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PT Gudang Garam Tbk is covered by 28 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Swati Chopra	BofA Global Research
Jason Chandra	CGS International
Irenne Achmad	CGS International