Do You Own Part of a Gun Company?

Who’s making a profit from America’s publicly traded gun stocks.

<a href="http://www.shutterstock.com/pic-68520118/stock-photo-close-up-of-pistol-on-black-background.html?src=tEF_lXa-QlLLFGfh5ETV5g-2-72">Kai Keisuke</a>/Shutterstock

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


Read our investigation into America’s 10 biggest gun manufacturers.

As often happens after mass shootings, gun company shares soared on the first day of trading following the Orlando massacre that left at least 49 people dead on June 12. But the frequency and brutality of these attacks could also lead to further divestments from the gun industry.

Following the Newtown massacre, in early 2013 the board of California’s public pension plan announced it would yank its investments in Smith & Wesson and Sturm Ruger. The $5 million divestment was a symbolic gesture for the $254 billion fund, but it was a reminder that many investors could walk away from their gun stocks without hurting their bottom lines. As California Treasurer Bill Lockyer noted, “There’s only one way that we speak and that’s with money.” Gun stocks could lose their luster for other reasons. In March 2016, New York’s public advocate urged the Securities and Exchange Commission to investigate Sturm Ruger for allegedly failing to inform its investors about liability risks stemming from its products.

Here are the holdings of some top institutional and fund investors in publicly traded gun companies:

Vanguard

BlackRock/iShares

  • 7.4% of Smith & Wesson shares valued at $89.4 million
  • 14.6% of Sturm Ruger shares valued at $165.1 million
  • 8.3% of Vista Outdoor shares valued at $225.2 million

The London Company of Virginia

  • 12.1% of Sturm Ruger shares valued at $136.1 million
  • 6.1% of Vista Outdoor shares valued at $165.8 million

Goldman Sachs

  • 7.6% of Vista Outdoor shares valued at $206.3 million

Fidelity Investments

  • 4.4% of Smith & Wesson shares valued at $43.5 million

As of December 2015

KEEP MOTHER JONES CHARGING HARD

You're busy, so we'll keep this short: We need to raise $325,000 over the next month to help fund the hard-hitting, fiercely independent reporting you get from us. It's a pivotal moment for our democracy, accountability, and so much more—but you already know that, you just read a Mother Jones article. If you can right now, please consider supporting our work with a donation so we're ready for the hard work ahead.

payment methods

KEEP MOTHER JONES CHARGING HARD

You're busy, so we'll keep this short: We need to raise $325,000 over the next month to help fund the hard-hitting, fiercely independent reporting you get from us. It's a pivotal moment for our democracy, accountability, and so much more—but you already know that, you just read a Mother Jones article. If you can right now, please consider supporting our work with a donation so we're ready for the hard work ahead.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate