Who Owns BODYARMOR Sports Drink?
Updated onExplore the ownership hierarchy of BODYARMOR Sports Drink. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
BODYARMOR Sports Drink
BODYARMOR is a sports drink brand founded in 2011 that offers coconut water–based, electrolyte-rich hydration beverages and is owned by The Coca-Cola Company.
The Coca-Cola Company
The Coca-Cola Company is an American multinational beverage corporation that manufactures, markets, and sells Coca-Cola and a broad portfolio of other non-alcoholic and alcoholic drinks worldwide.
BODYARMOR Sports Drink
BODYARMOR is a sports drink brand founded in 2011 that offers coconut water–based, electrolyte-rich hydration beverages and is owned by The Coca-Cola Company.
The Coca-Cola Company
The Coca-Cola Company is an American multinational beverage corporation that manufactures, markets, and sells Coca-Cola and a broad portfolio of other non-alcoholic and alcoholic drinks worldwide.
Major Shareholders
The Coca-Cola Company
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Berkshire Hathaway Inc. Largest shareholder; holds about 400 million KO shares (roughly 9.3% of shares outstanding) via Berkshire Hathaway, based on mid‑2025 institutional ownership disclosures. Voting power is effectively the same because KO has a single class of common stock with one vote per share. | Institutional | 9.3% | 9.3% | — |
The Vanguard Group, Inc. Second‑largest shareholder; Vanguard index and mutual funds collectively own around 369 million KO shares, or approximately 8.6% of the company, according to 2025 institutional ownership data. | Institutional | 8.6% | 8.6% | — |
BlackRock, Inc. (group entities) Multiple BlackRock entities together (including BlackRock Advisors LLC and other affiliates) control an aggregate stake of roughly 7–7.4% of KO as of 2025. | Institutional | 7.3% | 7.3% | — |
Warren E. Buffett Largest individual shareholder; personally owns about 200 million KO shares, approximately 4.65% of the company, separate from Berkshire Hathaway’s holdings. | Individual | 4.7% | 4.7% | — |
State Street Corporation (incl. State Street Global Advisors) Through State Street Global Advisors index and ETF products, State Street controls roughly 3.9% of KO’s outstanding shares as of 2025. | Institutional | 3.9% | 3.9% | — |
FMR LLC (Fidelity Investments) FMR LLC and affiliated Fidelity funds collectively own on the order of 2.5% of KO shares, making Fidelity one of the company’s larger active shareholders. | Institutional | 2.5% | 2.5% | — |
Morgan Stanley (incl. Eaton Vance Management) Morgan Stanley’s asset‑management arm, including Eaton Vance Management, reports holdings of roughly 2.2% of KO stock in recent filings. | Institutional | 2.2% | 2.2% | — |
Geode Capital Management, LLC Geode Capital Management, a major index manager, owns just over 2% of KO shares, according to 2025 ownership summaries. | Institutional | 2.1% | 2.1% | — |
JPMorgan Chase & Co. (Asset Management) JPMorgan’s asset‑management business holds slightly above 2% of KO through its funds and separate accounts. | Institutional | 2.0% | 2.0% | — |
Charles Schwab Investment Management, Inc. Schwab’s index and dividend‑equity funds together own roughly 1.7% of KO, based on 2025 institutional holder data. | Institutional | 1.7% | 1.7% | — |
Norges Bank Investment Management (Norway sovereign wealth fund) Norway’s Government Pension Fund Global, managed by Norges Bank Investment Management, holds about 1.3% of KO stock as a long‑term sovereign wealth investment. | Government | 1.3% | 1.3% | — |
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