Ross Stores, Inc. (NASDAQ: ROST) is one of the largest off-price apparel and home fashion retailers in the U.S. Shares recently traded around $182 per share, giving the company a market value of roughly $59.0 billion.
Ross Stores has built a long-term reputation around disciplined inventory buying, steady store expansion, and strong returns on capital. Looking at who owns Ross Stores and how insiders have been trading helps show how large investors and company leadership appear to be approaching the stock today.
Who Are Ross Stores’ Top Shareholders?
Ross Stores’ shareholder base is led by major institutional investors, particularly large passive managers. These firms tend to hold through market cycles, which can help support long-term ownership stability. Active managers adjusted positions in both directions, suggesting a mix of confidence and valuation discipline.
- The Vanguard Group: 38.5M shares (11.90%), ~$7.0B value. Cut 534,227 shares (-1.37%).
- BlackRock Institutional Trust Company: 16.4M shares (5.07%), ~$3.0B value. Cut 216,516 shares (-1.30%).
- State Street Investment Management: 13.8M shares (4.27%), ~$2.5B value. Cut 162,573 shares (-1.16%).
- JP Morgan Asset Management: 10.9M shares (3.38%), ~$2.0B value. Cut 2.4M shares (-18.02%).
- PRIMECAP Management Company: 10.0M shares (3.08%), ~$1.8B value. Cut 313,790 shares (-3.06%).
- Geode Capital Management: 8.7M shares (2.70%), ~$1.6B value. Added 67,662 shares (+0.78%).
- Managed Account Advisors LLC: 7.6M shares (2.36%), ~$1.4B value. Added 185,502 shares (+2.49%).
- Fidelity Management & Research: 7.5M shares (2.33%), ~$1.4B value. Added 1.29M shares (+20.66%).
- Invesco Capital Management (QQQ Trust): 6.9M shares (2.12%), ~$1.3B value. Cut 19,213 shares (-0.28%).
- T. Rowe Price Associates: 6.8M shares (2.10%), ~$1.2B value. Cut 5.7M shares (-45.71%).
Vanguard, BlackRock, and State Street continue to anchor Ross Stores’ ownership, while selective trimming and additions among active managers suggest differing views on valuation after the stock’s strong performance, which for investors points to stable institutional support but less uniform conviction at current prices.
Hedge fund highlights
Millennium Management, founded by Israel Englander, sharply increased its Ross Stores position by roughly 474%, bringing its stake to about $282M value, suggesting it appears the firm saw an improved risk-reward setup during the quarter.
DE Shaw, led by founder David Shaw, boosted its Ross Stores position by nearly 70% to approximately $589M value, which may reflect growing confidence in the company’s margin profile and capital efficiency.
Adage Capital Partners, co-founded by Robert Atchinson, increased its stake by about 85% to roughly $150M value, a notable move given Adage’s typically measured exposure to large-cap retail names.
Maverick Capital, founded by Lee Ainslie, expanded its Ross Stores position by approximately 238%, albeit from a smaller base, suggesting it appears the firm viewed downside as more limited relative to upside during the period, which for investors highlights selective hedge fund optimism rather than broad consensus.
Track the top shareholders of over 50,000 global stocks (It’s free) >>>
Ross Stores’ Recent Insider Trades
Insider trades can offer context on how executives may be managing personal exposure. Recent filings for Ross Stores show selling activity that appears modest relative to the company’s overall share count.
- James Grant Conroy (Officer & Director): Sold ~$5.7M (39,351 shares at ~$146) and ~$6.4M (43,024 shares at ~$148).
- Stephen C. Brinkley (Officer): Sold ~$970K (6,437 shares at ~$151) and ~$980K (6,641 shares at ~$148).
- Karen Fleming (Officer): Sold ~$437K (2,932 shares at ~$149), plus smaller sales between ~$148 and $151.
- Adam M. Orvos (Officer): Sold ~$1.2M (7,928 shares at ~$148).
- Multiple Form 144 filings: $0 reported, which appear administrative.
These transactions do not materially change insider ownership levels, but they provide context on how leadership appears to be managing exposure after the stock’s appreciation, which for investors suggests caution rather than a clear change in outlook.
See recent insider trade data for over 50,000 global stocks (It’s free) >>>
What the Ownership & Insider Trade Data Tell Us
Ross Stores’ ownership remains anchored by large passive institutions, while active managers and hedge funds show a mix of trimming and selective additions. Insider activity appears tilted toward selling, though transaction sizes remain small relative to the roughly 323M shares outstanding.
For investors, the overall picture suggests Ross Stores continues to be viewed as a high-quality, durable retailer, but recent ownership and insider trends point to a more measured approach at current price levels rather than aggressive positioning.
Value Any Stock in Under 60 Seconds (It’s Free)
With TIKR’s new Valuation Model tool, you can estimate a stock’s potential share price in under a minute.
All it takes is three simple inputs:
- Revenue Growth
- Operating Margins
- Exit P/E Multiple
From there, TIKR calculates the potential share price and total returns under Bull, Base, and Bear scenarios so you can quickly see whether a stock looks undervalued or overvalued.
If you’re not sure what to enter, TIKR automatically fills in each input using analysts’ consensus estimates, giving you a quick, reliable starting point.
See a stock’s true value in under 60 seconds (Free with TIKR) >>>
