Gielda Papierów Wartosciowych w Warszawie 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 GPW?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	4,631	0.011%
Institutions	10,641,249	25.4%
State or Government	14,695,470	35%
General Public	16,630,650	39.6%

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

Top Shareholders

Top 25 shareholders own 59.94% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
35%	The State Treasury of the Republic of Poland	14,695,470	zł931.0m	0%	no data
5.34%	PTE Allianz Polska SA	2,242,998	zł142.1m	0%	0.25%
5.03%	Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A.	2,113,163	zł133.9m	0%	0.19%
3.21%	Powszechne Towarzystwo Emerytalne PZU SA	1,347,186	zł85.3m	0%	0.26%
2.69%	The Vanguard Group, Inc.	1,129,134	zł71.5m	0.67%	no data
2.59%	Goldman Sachs Asset Management, L.P.	1,088,682	zł69.0m	-2.51%	no data
0.97%	Pocztylion Arka PTE S.A.	408,099	zł25.9m	0%	0.56%
0.68%	Invesco Ltd.	287,000	zł18.2m	0%	no data
0.6%	Dimensional Fund Advisors LP	252,962	zł16.0m	-0.12%	no data
0.54%	Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.	228,387	zł14.5m	0%	0.21%
0.52%	GAMMA PKO Towarzystwo Funduszy Inwestycyjnych SA	219,379	zł13.9m	0%	0.09%
0.38%	Deutsche Asset & Wealth Management	159,500	zł10.1m	0%	no data
0.37%	BNY Asset Management	156,814	zł9.9m	0%	no data
0.3%	Skarbiec TFI S.A.	125,050	zł7.9m	0%	0.28%
0.27%	AS SEB Varahaldus	111,386	zł7.1m	0%	0.24%
0.21%	AgioFunds Towarzystwo Funduszy Inwestycyjnych S.A.	86,425	zł5.5m	0%	0.31%
0.2%	Quaestio Capital Management SGR S.p.A Unipersonale	82,797	zł5.2m	0%	0.08%
0.17%	Amundi Asset Management SAS	71,658	zł4.5m	0%	no data
0.15%	Charles Schwab Investment Management, Inc.	62,158	zł3.9m	0%	no data
0.14%	Investors Fund Open TFI SA	59,616	zł3.8m	0%	0.13%
0.14%	State Street Global Advisors, Inc.	56,974	zł3.6m	0%	no data
0.13%	Lupus Alpha Asset Management GmbH	55,000	zł3.5m	0%	0.07%
0.11%	Pacific Asset Management LLP	44,493	zł2.8m	0%	0.1%
0.1%	AXA Towarzystwo Funduszy Inwestycyjnych SA	42,489	zł2.7m	0%	0.11%
0.079%	Vig/CQuadrat Towarzystwo Funduszy Inwestycyjnych SA	33,000	zł2.1m	0%	0.69%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/26 07:51
End of Day Share Price	2025/11/26 00:00
Earnings	2025/09/30
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

Gielda Papierów Wartosciowych w Warszawie S.A. is covered by 10 analysts. 4 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
Mikolaj Lemanczyk	Biuro maklerskie mBanku
Andrzej Powierza	Citigroup Inc
Lukasz Janczak	Erste Group Bank AG