Who Owns Miller Lite?
Updated onExplore the ownership hierarchy of Miller Lite. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Miller Lite
Miller Lite is a light American lager beer brand produced by Molson Coors and marketed as the original light beer.
Molson Coors Beverage Company
Molson Coors Beverage Company is a publicly traded Canadian-American multinational brewing and beverage company that produces and sells beer and other alcoholic and non-alcoholic drinks worldwide.
Miller Lite
Miller Lite is a light American lager beer brand produced by Molson Coors and marketed as the original light beer.
Molson Coors Beverage Company
Molson Coors Beverage Company is a publicly traded Canadian-American multinational brewing and beverage company that produces and sells beer and other alcoholic and non-alcoholic drinks worldwide.
Major Shareholders
Miller Lite
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
The Vanguard Group, Inc. Largest institutional shareholder of Molson Coors Beverage Company (NYSE:TAP), which owns the Miller Lite brand. Percentage is of total outstanding common equity reported in public filings and ownership databases. | Institutional | 10.3% | Sep 2025 |
Dodge & Cox Long‑term active asset manager; stake held primarily through the Dodge & Cox Stock Fund and related vehicles in Molson Coors Beverage Company (owner of Miller Lite). | Institutional | 9.4% | Sep 2025 |
BlackRock, Inc. Owns Molson Coors shares across multiple index and active funds (e.g., iShares ETFs). | Institutional | 7.4% | Sep 2025 |
State Street Global Advisors, Inc. Holds Molson Coors primarily via State Street index products (such as S&P 500 and other index funds). | Institutional | 5.3% | Sep 2025 |
The Adolph Coors Jr. Trust Family trust for the founding Coors family; significant economic stake in Molson Coors and, together with related entities, controls the vast majority of super‑voting Class A shares, giving the Coors family substantial voting influence relative to its economic ownership. | Family | 4.2% | Mar 2025 |
Dimensional Fund Advisors LP Quantitative asset manager holding Molson Coors across a range of factor and index‑like funds. | Institutional | 3.3% | Sep 2025 |
LSV Asset Management Value‑oriented institutional manager with a sizeable position in Molson Coors. | Institutional | 3.0% | Sep 2025 |
Geode Capital Management, LLC Sub‑advisor behind many Fidelity index funds; holds Molson Coors as part of index‑tracking mandates. | Institutional | 2.3% | Sep 2025 |
Invesco Capital Management LLC ETF provider (e.g., Invesco S&P 500 Equal Weight ETF) holding Molson Coors within index products. | Institutional | 1.9% | Sep 2025 |
BNY Asset Management Asset‑management arm of BNY Mellon with an equity position in Molson Coors. | Institutional | 1.9% | Sep 2025 |
Molson Coors Beverage Company
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Molson & Coors founding families (via Pentland Securities (1981) Inc., Adolph Coors Company LLC, Adolph Coors Jr. Trust and related family vehicles) Founding Molson and Coors family shareholders collectively control a majority of Molson Coors’ voting power through near‑complete ownership of Class A Common Stock and Class A exchangeable shares, held primarily via Pentland Securities (1981) Inc. and the Adolph Coors family trusts. The company describes itself as a “controlled company” under NYSE rules for this reason, and its capital‑stock description notes that Pentland and the Coors Trust together control more than two‑thirds of the company’s Class A Common Stock and Class A exchangeable shares. | Family | — | — |
The Vanguard Group, Inc. Largest public holder of Molson Coors Class B common stock (NYSE: TAP) with 20,334,546 shares, representing about 10.29% of the 197.63 million Class B shares outstanding as of September 30, 2025, per institutional ownership data. | Institutional | 10.3% | Sep 2025 |
Dodge & Cox Holds approximately 18,631,224 Molson Coors Class B shares, or about 9.43% of Class B shares outstanding as of September 30, 2025. | Institutional | 9.4% | Sep 2025 |
BlackRock, Inc. Owns about 14,586,126 Molson Coors Class B shares (roughly 7.38% of Class B shares) as of September 30, 2025, based on institutional holder summaries and supported by a separate 13G/A filing showing a similar magnitude of ownership. | Institutional | 7.4% | Sep 2025 |
State Street Global Advisors, Inc. Through State Street Global Advisors and related entities, holds around 10,516,810 Molson Coors Class B shares, or about 5.32% of Class B shares outstanding as of September 30, 2025. | Institutional | 5.3% | Sep 2025 |
Adolph Coors Jr. Trust Adolph Coors Jr. Trust, a key Coors family trust, directly holds about 8,350,000 Molson Coors Class B shares (roughly 4.22% of Class B shares) as of March 21, 2025, per institutional holder tables. Separate SEC Schedule 13D/A filings also show the trust and Adolph Coors Company LLC together controlling virtually all Class A Common Stock and substantial Class B holdings. | Family | 4.2% | Mar 2025 |
Dimensional Fund Advisors LP Dimensional Fund Advisors LP holds approximately 6,425,043 Molson Coors Class B shares, or about 3.25% of the outstanding Class B shares as of September 30, 2025. | Institutional | 3.3% | Sep 2025 |
LSV Asset Management LSV Asset Management owns around 5,988,916 Molson Coors Class B shares, about 3.03% of Class B shares outstanding as of September 30, 2025. | Institutional | 3.0% | Sep 2025 |
May Kistler Coors Trust Coors family trust that beneficially owns roughly 5,129,960 Molson Coors shares, reported as about 2.77% of the company’s equity in MarketScreener’s major‑shareholder table (under “May Kistler Coors Trust”). Underlying regulatory reporting date is not specified, but data were displayed on the shareholder page as of December 19, 2025. | Family | 2.8% | — |
Geode Capital Management, LLC Index‑oriented institutional investor (an affiliate of Fidelity) holding approximately 4,507,101 Molson Coors Class B shares, or about 2.28% of Class B shares as of September 30, 2025. | Institutional | 2.3% | Sep 2025 |
Invesco Capital Management LLC Invesco Capital Management LLC owns around 3,753,350 Molson Coors Class B shares, representing about 1.90% of Class B shares outstanding as of September 30, 2025. | Institutional | 1.9% | Sep 2025 |
BNY Asset Management BNY Asset Management (part of BNY Mellon) holds roughly 3,675,879 Molson Coors Class B shares, or about 1.86% of Class B shares outstanding as of September 30, 2025. | Institutional | 1.9% | Sep 2025 |
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