Who Owns Topgolf Callaway Brands Corp.?
Updated onExplore the ownership hierarchy of Topgolf Callaway Brands Corp.. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Topgolf Callaway Brands Corp.
Topgolf Callaway Brands Corp. is a publicly traded, tech-enabled Modern Golf and active lifestyle company that designs, manufactures, and sells golf equipment, apparel, and entertainment experiences worldwide, with a portfolio of brands including Topgolf, Callaway Golf, TravisMathew, Toptracer, Odyssey, OGIO, Jack Wolfskin, and World Golf Tour.
Topgolf Callaway Brands Corp. appears to be independent with no known parent company.
Topgolf Callaway Brands Corp.
Topgolf Callaway Brands Corp. is a publicly traded, tech-enabled Modern Golf and active lifestyle company that designs, manufactures, and sells golf equipment, apparel, and entertainment experiences worldwide, with a portfolio of brands including Topgolf, Callaway Golf, TravisMathew, Toptracer, Odyssey, OGIO, Jack Wolfskin, and World Golf Tour.
Topgolf Callaway Brands Corp. appears to be independent with no known parent company.
Major Shareholders
Topgolf Callaway Brands Corp.
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
PEP TG Investments LP Private equity vehicle affiliated with Providence Equity Partners; reported beneficial ownership of about 11.5% of Topgolf Callaway Brands in a Schedule 13D filed for event date November 15, 2021, and is still cited as the largest shareholder in later ownership summaries. | Institutional | 11.4% | Nov 2021 |
BlackRock, Inc. Large asset manager holding roughly 20.3 million MODG shares (about 11.0%) according to its most recent Schedule 13G/A for period ended June 30, 2025, and consistently listed among top shareholders. | Institutional | 11.0% | Jun 2025 |
DDFS Partnership LP Investment vehicle associated with Thomas G. Dundon; Schedule 13D filed for event date March 8, 2021 reports beneficial ownership of about 18.6 million shares, or 10.1% of the company. | Institutional | 10.1% | Mar 2021 |
The Vanguard Group, Inc. Index-fund manager disclosed ownership of about 15.4 million MODG shares (roughly 8.35%) in a Schedule 13G filing for period ended December 29, 2023, and remains listed as a major holder. | Institutional | 8.3% | Dec 2023 |
Shapiro Capital Management LLC Value-oriented investment manager; Amendment No. 1 to Schedule 13G filed November 14, 2025 reports ownership of about 9.0 million shares, or 4.9%, as of September 30, 2025. | Institutional | 4.9% | Sep 2025 |
Dimensional Fund Advisors LP Quantitative asset manager; latest Schedule 13G on record shows beneficial ownership of about 9.1 million MODG shares (approximately 5.0%) as of March 31, 2025. | Institutional | 5.0% | Mar 2025 |
Leonard Green & Partners, L.P. Private equity firm that, in addition to agreeing in November 2025 to acquire a majority stake in the separate Topgolf business, is reported in shareholder analyses to hold roughly 9.0 million MODG shares (about 4.9%) as a direct equity stake. | Institutional | 4.9% | — |
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