who owns djt stock — DJT ownership guide

Ownership of Trump Media & Technology Group (Ticker: DJT)

who owns djt stock is a frequent search from investors trying to understand concentration, control, and potential market effects of a company tied to a single high-profile founder. This article explains, with timestamped source references, who controls DJT shares (major beneficial owner(s), insiders vs. institutions), why concentrated ownership matters, and where to verify the numbers yourself.

Quick take: As of the most recent filings in December 2024, Donald J. Trump (now via the Donald J. Trump Revocable Trust) is the single largest beneficial owner of DJT. Institutional holders collectively hold a measurable but minority stake; other insiders and early investors hold smaller, changing positions. Concentrated ownership can mean strong control but also concentration risk for outside investors.

Key facts — current ownership snapshot

• As of December 20, 2024, according to the Schedule 13D/A filed and reported in major outlets, Donald J. Trump reported transferring his DJT shares to the Donald J. Trump Revocable Trust (see the Schedule 13D/A filing dated December 2024 and CNBC coverage dated December 20, 2024). That filing and related coverage identify Trump/the trust as the largest beneficial owner of DJT.

• Institutional holders (major asset managers reported on public holdings pages as of late 2024) held a minority of outstanding shares. Institutional ownership reported across public aggregator snapshots (institutional holders pages and Form 13F summaries) ranged in aggregate from the low double-digits percentage to lower single digits for top managers depending on the reporting date (see the "Institutional holders" section and referenced 13F filings below).

• Insiders (founders, executive officers and related entities) retained a large combined stake when measured immediately prior to the December 2024 trust transfer; that concentration remains material after the trust transfer because the transfer is into an instrument where Trump remains settlor and primary beneficiary (see Schedule 13D/A Dec 2024).

Sources: Schedule 13D/A (Dec 2024), CNBC (Dec 20, 2024), Yahoo Finance holders page (late 2024 snapshots), Nasdaq institutional holdings page (reported dates shown in each subsection).

Major beneficial owner — Donald J. Trump and the Donald J. Trump Revocable Trust

Asking "who owns DJT stock" leads quickly to the same answer: the largest single beneficial owner is Donald J. Trump, now holding his stake through a revocable trust.

• What was reported: As of December 20, 2024, media coverage and the company-related filings showed that Donald J. Trump transferred his DJT shares into the Donald J. Trump Revocable Trust. Multiple outlets summarized the Schedule 13D/A amendments and the trust transfer in coverage on or about that date (see CNBC, Dec 20, 2024; Schedule 13D/A amendment dated Dec 2024).

• How the trust is structured (per the filed amendment summary): the transfer named Donald J. Trump as the settlor and sole beneficiary of the revocable trust; Donald Trump Jr. was named as trustee with certain voting and investment powers stated in the Schedule 13D/A. The Schedule 13D/A filing details beneficial ownership and the exercise of voting/dispositive power. The filing explicitly states the roles and the effect of the transfer on beneficial ownership reporting.

• Legal and economic consequences: transferring shares to a revocable trust typically does not change economic ownership (the settlor remains beneficiary) but can affect who has legal authority to vote or dispose of the shares day to day (the trustee). The Schedule 13D/A clarifies whether Trump retained voting and dispositive power or whether those powers were exercised by the trustee (Donald Trump Jr.) under the trust terms. For exact legal language, consult the full Schedule 13D/A filed in December 2024.

• Why this matters to investors: the trust transfer preserves concentrated beneficial ownership in practice (Trump remains the principal economic beneficiary) while placing formal voting authority with a trustee; investors should read the Schedule 13D/A to see the declared voting/dispositive arrangements and the precise share counts and percentages reported on the filing date.

Sources: Schedule 13D/A (Dec 2024); CNBC coverage, Dec 20, 2024.

Other insiders and early investors

• Founders and executives: early founders, executives, and certain affiliated vehicles historically held positions in DJT following the public listing. These positions have changed over time as insiders sold or transferred holdings.

• Notable insider movement: press reports and SEC filings in 2023–2024 noted that some founder-managed stakes were reduced. A notable example cited in filings and press coverage involved United Atlantic Ventures and Andrew Litinsky, where filings and news summaries reported reductions of that founder-managed stake during post-listing periods (see Reuters reporting summarized in the references). The precise reduction amounts and dates are set out in the relevant Form 4 and Schedule 13D/A/13G filings.

• Form 4 reporting: insider sales, gifts, or transfers are reported on Form 4 (insider trading forms). To answer "who owns djt stock" fully, investors should review recent Form 4 filings for each insider name of interest to get exact share movement and remaining holdings.

Sources: Reuters reporting on insider stake changes; SEC Form 4 filings (individual dates appear on each filing page); company releases when applicable.

Institutional holders

• Major institutional names: public ownership summaries around late 2024 list large asset managers among reported institutional holders (common holders shown on aggregator pages include names such as Vanguard, BlackRock, and State Street as top-line custodial or index-related holders on snapshot pages). These managers often appear as reported holders because of broad index or ETF positions and because custodian reporting is aggregated across many client accounts. (For explicit numbers and date stamps, see the Nasdaq institutional holdings page and Form 13F filings referenced below.)

• Representative reported positions (example snapshots — check filing dates): on typical institutional holders pages for DJT during late 2024, the largest reported institutional-holder positions ranged from low single-digit percentages per manager to low double-digit combined institutional ownership. Exact share counts and percentages are available per manager on their respective 13F filings and on aggregated holders pages (these pages are updated periodically; always note the "as of" date displayed).

• Aggregate institutional metrics: depending on the reporting date, aggregate institutional ownership is often materially lower than the combined insider ownership because the founder/trust holds the majority or plurality of outstanding shares. For example, an institutional aggregate figure shown on holders pages in late 2024 might indicate institutions hold a mid-to-high single-digit to low double-digit percentage of the total outstanding shares; the percent of free float held by institutions will differ and is recalculated after insider holdings and lock-up adjustments.

• Where this is filed/updated: institutional ownership is tracked via Form 13F filings (quarterly) submitted by large institutional investment managers and via custodial reporting on exchange/aggregator pages. Form 13F data is a primary source for institutional positions as of each quarter-end; custodial holder pages give more frequent snapshots but rely on different reporting cadences.

Sources: Form 13F quarterly filings (institution-specific filings, quarter-end dates shown on each filing); Nasdaq institutional holdings page (snapshot dates shown on page); Yahoo Finance holders page (snapshot date displayed on the page).

Ownership history and recent changes

Short timeline of major public ownership events since the company’s SPAC merger and Nasdaq listing (high-level — dates and filing references provided):

• SPAC merger and listing (public debut): DJT completed a SPAC merger and began public trading (date and SPAC details are in the company registration documents and Form 10 filings around the merger completion). Ownership at the time featured significant founder/insider rollover positions and a limited public float due to sponsor and insider holdings.

• Post-listing lock-up expirations: following the SPAC merger timeline, various lock-ups expired in the months after the Nasdaq debut; some insiders sold or reduced positions after lock-ups lifted. Each transaction was reported on Form 4 or through required Schedule 13 filings when thresholds were crossed.

• Insider reductions and founder stake adjustments (2023–2024): press reports and SEC filings recorded reductions in positions for certain founder-managed vehicles such as United Atlantic Ventures / Andrew Litinsky (see Reuters coverage summarizing the relevant filings). These events changed the distribution of insiders' holdings over time.

• Transfer to revocable trust (Dec 2024): Per the Schedule 13D/A filings and CNBC reporting dated Dec 20, 2024, Donald J. Trump transferred his DJT shares to the Donald J. Trump Revocable Trust; the 13D/A amendment and press summaries provide the date and the legal description of trustee/beneficiary roles.

Note: Ownership percentages and share counts changed with each filing and public transaction; always confirm the latest amounts and filing dates using EDGAR or institutional filings.

Sources: Company Form 10 and proxy/registration statements (SPAC and listing materials); Form 4s and Schedule 13D/A filings with EDGAR; Reuters and CNBC news reports (dates provided in the references).

Legal and regulatory disclosures

To understand "who owns DJT stock" you must know which filings show what type of ownership information and how to read them.

• Schedule 13D / 13D/A: Used when a person or group acquires more than 5% of a company’s shares with intent to influence control or when there is material beneficial ownership. It discloses beneficial ownership, voting/dispositive power, source of funds, and intentions. Amendments (13D/A) update the public record. The December 2024 Schedule 13D/A concerning Trump’s trust transfer is the primary source for the trust transfer disclosure.

• Schedule 13G: A shorter filing for passive investors owning more than 5% when they claim passive intent. It provides beneficial ownership but with fewer narrative details.

• Form 4: Filed by insiders (officers, directors, beneficial owners over 10%) to report transactions in company securities. Form 4s show individual buys, sells, grants, and transfers and are the most immediate public record of insider trading activity.

• Form 13F: Quarterly filings by institutional investment managers that disclose long equity positions (institutional holdings). 13F filings are useful to track institutional ownership by quarter-end but do not show intraday changes.

• Form 10-Q / 10-K / proxy statements: These company filings show total outstanding shares, insider compensation-related grants, and sometimes top shareholders if listed in proxy materials.

Where to find filings: the SEC EDGAR database hosts all filings. Major financial aggregators and exchange holder pages (e.g., Nasdaq holdings page, Yahoo Finance holders, and TipRanks/WhaleWisdom summaries) aggregate and summarize these filings; always cross-check aggregate pages with the original EDGAR filings for precision.

How ownership affects control and governance

• Majority beneficial ownership (>50%): if a single beneficial owner or a coordinated group owns more than 50% of outstanding voting shares, they effectively control board elections, can influence or determine corporate policy, and can approve or block major corporate actions (mergers, bylaw changes, director appointments) subject to applicable corporate law and any charter provisions.

• Trustee arrangements and practical voting control: when shares are moved into a revocable trust where the settlor remains beneficiary but a trustee is given legal voting authority, practical control depends on how voting/dispositive power is allocated in the trust and reported in filings. If the trust documentation or Schedule 13D/A indicates that the trustee exercises voting power at the settlor’s direction or that the settlor retains dispositive power, control remains effectively with the settlor (the beneficiary). If the trustee has discretionary authority, that can shift day-to-day voting control even though economic benefits remain with the settlor.

• For DJT: the December 2024 Schedule 13D/A describes that Donald J. Trump is the settlor and beneficiary of the revocable trust and that Donald Trump Jr. is the trustee with specified voting/investment powers; investors should read the exact language in the Schedule 13D/A to determine where legal voting authority is placed and how that may influence governance mechanics.

Sources: Schedule 13D/A (Dec 2024) for trust language; corporate governance principles on control dynamics.

Market and investor implications

If you are asking "who owns DJT stock" because you are evaluating risk, consider these practical implications:

• Concentration risk: a large single beneficial owner can reduce the free float available for trading. That can concentrate both economic and voting power in one person/entity.

• Liquidity and volatility: limited float and concentrated ownership can increase price volatility, particularly when insiders sell or transfer shares. Insider transactions (reported on Form 4) can move markets for thinly traded stocks.

• Governance and strategic stability: concentrated insider ownership can protect long-term strategy from activist pressures, but it also places major power in a single decision-maker (or a small group), which can magnify decision risk.

• Political / reputational considerations: when a public company is closely associated with a high-profile public figure, non-market risk (reputational, regulatory, or political reaction) can affect investor sentiment. This article refrains from political commentary and restricts itself to factual disclosure: such associations may influence investor behavior and thus market performance.

• What investors should watch: Form 4 filings for insider sales/transfers, Schedule 13D/A/13G amendments for beneficial ownership changes, and the company’s Form 10-Q/10-K for changes to outstanding shares or dilutive events.

Sources: SEC filings (Forms 4, 13D/A), market microstructure literature on float and liquidity.

Data sources and how to verify holdings

To verify who owns DJT stock or to check current figures, consult the following authoritative sources:

• SEC EDGAR: primary source for Schedule 13D/A, Form 4, Forms 10-Q and 10-K, and other required filings. Always confirm the filing date shown on EDGAR.

• Form 13F filings: to verify institutional holdings as reported at quarter-ends for large managers. Check the managers’ own filings dated at each quarter-end.

• Exchange snapshots and holder pages (e.g., Nasdaq institutional holdings page) and aggregator pages (Yahoo Finance, TipRanks, WhaleWisdom): useful for quick snapshots — but always check the underlying filings for exact amounts and filing dates.

• Reputable news coverage: outlets like CNBC and Reuters provide summaries and context; use them to identify filing dates and then read the EDGAR filings referenced in the coverage.

Recommendation: when a specific ownership question matters to your analysis, cite the exact filing (e.g., "Schedule 13D/A filed Dec 20, 2024, showing X shares") and use the filing’s timestamp as your source.

Example primary references used

• CNBC — coverage summary: "Trump transfers all his DJT shares to his revocable trust…" (reported Dec 20, 2024). Use this to identify the filing date and the media summary of the trust transfer.
• Schedule 13D/A — Donald J. Trump (Dec 2024 amendment): primary SEC filing describing the trust transfer, beneficial ownership, and voting/dispositive arrangements.
• Reuters — reporting on insider stake reduction for founder-managed vehicles (United Atlantic Ventures / Andrew Litinsky) [see Reuters coverage and referenced Form 4/13D filings].
• Yahoo Finance — DJT holders page (institutional & insider breakdown snapshots dated late 2024). Check the page’s timestamp for the reported data.
• Nasdaq institutional holdings page — snapshot data and filing references for institutional holders (date shown on page — use that date for timestamping any cited numbers).
• TipRanks/WhaleWisdom — aggregated Schedule 13D/A and 13F summaries used to cross-check numbers and filing dates.
• Company filings (Form 10, Form 10-Q) — for total outstanding share counts and other corporate disclosures.

Note: Readers should consult the original EDGAR filings and the news stories listed above for precise, timely figures and textual language from the filings.

Glossary — quick definitions where they appear in this article

• Beneficial ownership: the right to receive the economic benefits of ownership of securities, even if the securities are held in the name of another (e.g., a trust). Beneficial owners are reported in Schedule 13D/13G filings.

• Dispositive power: the power to make decisions about the sale or other disposition of shares. If a trustee has dispositive power, they can sell shares subject to trust terms and reporting requirements.

• Voting power: the right to vote shares at shareholder meetings. Voting power may be retained by the settlor, granted to a trustee, or shared depending on the trust terms.

• Float: the number of shares available for public trading, excluding restricted shares held by insiders or subject to lock-ups.

Practical checklist — verifying "who owns djt stock" yourself

1. Identify the latest Schedule 13D/A or 13G filings for large holders; note the filing date and the reported share counts and percentages.
2. Review recent Form 4s for insiders to see purchases, sales, gifts or transfers and remaining holdings.
3. Check Form 13F filings for major institutional managers at the most recent quarter-end to see reported long equity positions.
4. Confirm total outstanding shares in the company’s most recent Form 10-Q or 10-K; percentages are calculated against outstanding shares on the filing date.
5. Use exchange holder pages (Nasdaq) and aggregator pages for quick snapshots, but cross-check with the original EDGAR filings for precision.

Additional reading and next steps

If you want to track ownership changes over time, set a routine to check periodic filings (Form 13F quarterly, Form 4 as transactions occur, and Schedule 13D/13G as higher-threshold changes happen). For trading or custody services, consider platforms that list institutional and insider holders and that provide links to the underlying SEC filings. When using a web3 wallet or custodial service mention, consider Bitget Wallet for secure custody tied to Bitget’s trading services.

To learn more about how ownership concentration can affect a listed company’s strategy and liquidity, examine the relevant Schedule 13D/A and Form 4 entries and use the dates provided in each filing for precise historical tracing.

Important timing note: ownership positions are reported at discrete times and can change quickly after filing periods. Statements above are time-stamped to public filings or news coverage (for example, the Schedule 13D/A and CNBC coverage dated Dec 20, 2024). Always check the filing date before relying on any share counts or percentages.

Want to stay updated? Monitor EDGAR filings and the Nasdaq institutional holdings page, and set alerts on major financial aggregators to receive filing updates for DJT.