Who Owns Dairy Queen?
Updated onExplore the ownership hierarchy of Dairy Queen. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Dairy Queen
Dairy Queen is an American multinational quick-service restaurant chain known for its soft-serve ice cream and fast-food menu, operating more than 7,700 franchised locations in over 20 countries.
Berkshire Hathaway
Berkshire Hathaway is a U.S.-based multinational conglomerate holding company that owns a diverse portfolio of businesses and investments.
Dairy Queen
Dairy Queen is an American multinational quick-service restaurant chain known for its soft-serve ice cream and fast-food menu, operating more than 7,700 franchised locations in over 20 countries.
Berkshire Hathaway
Berkshire Hathaway is a U.S.-based multinational conglomerate holding company that owns a diverse portfolio of businesses and investments.
Major Shareholders
Dairy Queen
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Berkshire Hathaway Inc. Direct corporate parent of Dairy Queen (International Dairy Queen, Inc.), which operates as a privately held, wholly owned subsidiary acquired by Berkshire Hathaway in 1998; there are no other direct equity owners of Dairy Queen. | Corporate | 100.0% | 100.0% | Dec 2025 |
Warren E. Buffett Chairman of Berkshire Hathaway; holds roughly 15.1% of Berkshire Hathaway’s economic interest and around 30% of its aggregate voting power, making him the dominant individual owner and an indirect owner of Dairy Queen through Berkshire Hathaway. | Founder | 15.1% | — | Dec 2025 |
The Vanguard Group, Inc. Largest institutional shareholder of Berkshire Hathaway, with about 11% of shares held across its index funds and ETFs; this stake represents a significant indirect ownership interest in Dairy Queen via Berkshire Hathaway. | Institutional | 11.0% | — | Sep 2025 |
BlackRock, Inc. Global asset manager that controls roughly 9–10% of Berkshire Hathaway’s shares through its funds, giving it a major indirect stake in Dairy Queen through Berkshire Hathaway. | Institutional | 10.0% | — | Sep 2025 |
State Street Corporation Index-fund provider (including SPDR-branded products) that holds around 5% of Berkshire Hathaway’s shares, and therefore an indirect ownership interest in Dairy Queen. | Institutional | 5.0% | — | Sep 2025 |
Berkshire Hathaway
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Warren E. Buffett Largest individual shareholder and longtime chairman/CEO. As of the March 5, 2025 record date he beneficially owned about 206,359 Class A shares (37.9% of that class) and 951 Class B shares, which together give him roughly 30.4% of Berkshire’s total voting power and an estimated mid‑teens percentage of its economic interest. | Founder | 14.4% | 30.4% | Mar 2025 |
The Vanguard Group, Inc. Largest institutional shareholder. Through its index and ETF funds Vanguard held about 153.1 million Class B shares as of June 30, 2025 (roughly 11% of that class) plus a smaller position in Class A, implying on the order of 7–8% of Berkshire’s total economic interest and under 3% of aggregate voting power. | Institutional | 7.4% | 2.7% | Jun 2025 |
BlackRock, Inc. One of the largest passive asset managers in Berkshire. BlackRock reported owning about 113.5 million Class B shares as of June 30, 2025 (around 8.3% of that class), corresponding to just over 5% of Berkshire’s economic interest and well under 2% of total voting rights. | Institutional | 5.3% | 1.6% | Jun 2025 |
State Street Corporation Major index-fund provider and custodian bank. Its asset‑management arm held roughly 72.5 million Class B shares as of June 30, 2025 (about 5.35% of the B shares), implying on the order of 3–4% of Berkshire’s overall economic interest and around 1% of voting power. | Institutional | 3.4% | 1.1% | Jun 2025 |
FMR LLC (Fidelity Investments) Parent of Fidelity mutual funds. As of the March 5, 2025 record date it held about 33,517 Class A shares (roughly 6.17% of that class), making it the second‑largest Class A holder after Buffett; this stake equates to a bit over 2% of Berkshire’s total economic interest and nearly 5% of the combined voting power. | Institutional | 2.3% | 4.9% | Mar 2025 |
Geode Capital Management, LLC Quantitative manager that sub‑advises many Fidelity index funds. Reported ownership of about 39.9 million Class B shares as of June 30, 2025 (just under 3% of the B class), corresponding to an estimated ~1.8–2.0% of Berkshire’s total economic interest and well below 1% of the votes. | Institutional | 1.9% | 0.6% | Jun 2025 |
Bill & Melinda Gates Foundation Trust Charitable trust that has received large Berkshire positions via Warren Buffett’s philanthropy. As of mid‑2025 it held roughly 24.1 million Class B shares (about 1.8% of the B shares), implying a bit over 1% of Berkshire’s economic value and well under 1% of voting power, with no role in company management. | Institutional | 1.1% | 0.4% | Jun 2025 |
First Manhattan Co. LLC Long‑standing value‑oriented investment firm associated historically with Berkshire directors. As of the March 5, 2025 record date it owned about 2.73% of the Class A shares (roughly 14–15k A shares), translating to approximately 1% of Berkshire’s total economic interest and just over 2% of aggregate voting power. | Institutional | 1.0% | 2.2% | Mar 2025 |
Susan A. Buffett Warren Buffett’s daughter and a Berkshire director. Public filings and 2025 coverage indicate she owns about 80 Class A shares and around 4.8–4.9 million Class B shares, making her the second‑largest individual shareholder but with a stake well below 1% of Berkshire’s total value and roughly a tenth of a percent of its voting power. | Individual | 0.2% | 0.1% | Mar 2025 |
Get Started
Your ultimate competitive playbook
You just found your top competitors. Now let's map your whole landscape and show you how to stand out.
Competitive Landscape Report
Built for small teams who can't hire a full-time analyst.
$129 $260 one-time payment
Generated in minutes, no subscription.
Instead of guessing what to do about your competitors, get a done-for-you intelligence report
Competitor Map
Direct, indirect, and alternative competitors mapped across your market
Positioning Analysis
How each competitor positions, their ICP, and key differentiators
Feature & Pricing Matrix
Side-by-side comparison of features, pricing, and packaging strategies
Growth Channel Analysis
SEO, paid ads, content, and social strategies across the landscape
Reputation & Social Proof
Ratings, reviews, and sentiment analysis across all competitors
90-Day Action Plan
Specific tactics to differentiate and win more deals in the next 3 months