LAMAR ADVERTISING CO/NEW - Class A Common Stock, $0.001 par value (LAMR) Institutional Ownership

13F Institutional Holders and Ownership History from Q4 2014 to Q4 2025

Type / Class
Equity / Class A Common Stock, $0.001 par value
Symbol
LAMR on Nasdaq
Shares outstanding
101,241,513
Price per share
$132.00
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
85,857,034
Total reported value
$10,867,771,062
% of total 13F portfolios
0.01%
Share change
-2,107,585
Value change
-$264,920,284
Number of holders
672
Price from insider filings
$132.00
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of LAMAR ADVERTISING CO/NEW - Class A Common Stock, $0.001 par value (LAMR) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
REILLY FAMILY, LLC 12% +1.7% $1,499,372,631 +$3,341,712 11,845,257 +0.22% Kevin P. Reilly, Jr. 31 Dec 2025
BlackRock, Inc. 10% -12% $973,205,901 -$132,479,101 9,043,824 -12% BlackRock, Inc. 31 Mar 2025
FMR LLC 3.9% -24% $433,069,731 -$138,223,461 3,421,312 -24% FMR LLC 31 Dec 2025

As of 31 Dec 2025, 672 institutional investors reported holding 85,857,034 shares of LAMAR ADVERTISING CO/NEW - Class A Common Stock, $0.001 par value (LAMR). This represents 85% of the company’s total 101,241,513 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of LAMAR ADVERTISING CO/NEW - Class A Common Stock, $0.001 par value (LAMR) together control 60% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
VANGUARD GROUP INC 12% 11,916,902 -1% 0.02% $1,508,441,454
BlackRock, Inc. 9.7% 9,848,355 +1.2% 0.02% $1,246,604,739
JANUS HENDERSON GROUP PLC 3.5% 3,539,646 -17% 0.2% $448,034,534
FMR LLC 3.4% 3,421,313 -12% 0.02% $433,069,732
VICTORY CAPITAL MANAGEMENT INC 3.1% 3,131,989 -0.81% 0.22% $396,447,168
STATE STREET CORP 2.6% 2,635,929 -1.3% 0.01% $333,655,893
GEODE CAPITAL MANAGEMENT, LLC 2.4% 2,382,137 +1.4% 0.02% $301,573,015
COHEN & STEERS, INC. 2.3% 2,337,480 -14% 0.53% $295,882,000
Boston Partners 2.3% 2,335,314 -2.1% 0.31% $295,623,573
WELLINGTON MANAGEMENT GROUP LLP 2% 2,027,080 +3.3% 0.04% $256,587,786
NORTHERN TRUST CORP 1.6% 1,574,242 -3.4% 0.03% $199,267,553
Hamlin Capital Management, LLC 1.4% 1,392,167 -2.3% 4.2% $176,220,499
CANADA PENSION PLAN INVESTMENT BOARD 1.3% 1,353,195 +1.2% 0.11% $171,287,423
DIMENSIONAL FUND ADVISORS LP 1.3% 1,295,507 +0.41% 0.03% $163,985,640
AQR CAPITAL MANAGEMENT LLC 1.2% 1,237,457 -22% 0.08% $156,272,310
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.2% 1,222,122 +5.2% 0.02% $154,696,203
Berkshire Hathaway Inc 1.2% 1,202,410 +0.02% 0.06% $152,201,058
MORGAN STANLEY 1.2% 1,190,570 +3.5% 0.01% $150,702,689
Daiwa Securities Group Inc. 1.1% 1,107,328 -25% 0.46% $140,166,000
DAVENPORT & Co LLC 1.1% 1,099,588 -10% 0.75% $139,266,450
Invesco Ltd. 1.1% 1,068,531 +7.7% 0.02% $135,254,696
Capital World Investors 0.89% 903,020 0% 0.02% $114,304,272
Bank of New York Mellon Corp 0.85% 858,652 -11% 0.02% $108,688,230
NORGES BANK 0.82% 827,182 0.01% $104,704,698
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.81% 815,873 -23% 0.03% $103,273,204

Institutional Holders of LAMAR ADVERTISING CO/NEW - Class A Common Stock, $0.001 par value (LAMR) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 85,857,034 $10,867,771,062 -$264,920,284 $126.58 672
2025 Q3 87,787,258 $10,744,256,035 +$133,199,216 $122.42 642
2025 Q2 86,748,625 $10,525,663,616 +$219,927,023 $121.36 615
2025 Q1 85,103,850 $9,675,647,545 +$57,371,529 $113.78 607
2024 Q4 84,605,000 $10,299,981,821 +$348,100,362 $121.74 595
2024 Q3 81,779,712 $10,924,954,728 -$120,142,201 $133.60 576
2024 Q2 82,385,059 $9,846,386,187 +$29,571,379 $119.53 547
2024 Q1 82,240,384 $9,814,454,871 -$181,551,405 $119.41 511
2023 Q4 83,936,344 $8,923,271,245 +$139,140,849 $106.28 498
2023 Q3 82,517,109 $6,887,946,515 +$27,100,869 $83.47 452
2023 Q2 81,838,814 $8,121,800,320 +$5,321,580 $99.25 466
2023 Q1 81,642,974 $8,153,476,917 -$103,721,728 $99.89 464
2022 Q4 83,046,359 $7,839,703,114 +$129,848,946 $94.40 451
2022 Q3 82,080,946 $6,778,704,785 -$17,133,445 $82.49 430
2022 Q2 81,447,072 $7,167,710,739 +$173,856,023 $87.97 434
2022 Q1 79,781,529 $9,266,158,439 +$56,168,398 $116.18 422
2021 Q4 79,104,192 $9,592,877,533 -$50,877,260 $121.30 428
2021 Q3 79,503,656 $9,021,541,640 -$81,305,817 $113.45 407
2021 Q2 80,353,732 $8,389,981,304 +$164,243,513 $104.42 395
2021 Q1 78,815,403 $7,403,510,292 +$75,068,172 $93.92 386
2020 Q4 78,270,456 $6,512,862,250 +$43,892,156 $83.22 391
2020 Q3 77,850,759 $5,157,399,672 -$15,131,124 $66.17 374
2020 Q2 76,407,878 $5,092,599,754 -$15,655,386 $66.76 400
2020 Q1 78,257,054 $4,008,665,886 -$222,208,775 $51.28 377
2019 Q4 81,290,549 $7,253,036,352 +$127,963,262 $89.26 433
2019 Q3 80,025,071 $6,550,976,732 -$57,217,216 $81.93 412
2019 Q2 80,753,221 $6,510,898,780 +$74,913,376 $80.71 409
2019 Q1 81,411,009 $6,449,992,909 -$25,537,156 $79.26 389
2018 Q4 81,724,360 $5,654,855,956 +$25,008,780 $69.18 376
2018 Q3 81,297,425 $6,323,955,831 -$119,329,674 $77.80 372
2018 Q2 82,937,679 $5,665,950,630 +$52,520,088 $68.31 352
2018 Q1 82,187,571 $5,233,808,276 -$37,298,606 $63.66 359
2017 Q4 83,059,588 $6,165,723,833 -$71,397,052 $74.24 357
2017 Q3 83,863,613 $5,746,704,357 -$36,006,142 $68.53 329
2017 Q2 84,369,818 $6,206,631,630 +$593,593,465 $73.57 338
2017 Q1 84,245,602 $6,291,448,538 +$683,864,238 $74.74 352
2016 Q4 81,870,711 $5,506,220,692 +$63,944,845 $67.24 338
2016 Q3 82,503,388 $5,386,174,042 +$264,158,675 $65.31 298
2016 Q2 78,517,267 $5,205,026,860 -$3,414,580 $66.30 304
2016 Q1 78,657,657 $4,836,275,849 -$48,642,680 $61.50 284
2015 Q4 79,562,164 $4,771,568,874 +$46,234,926 $59.98 302
2015 Q3 80,435,803 $4,197,581,649 +$212,923,708 $52.18 262
2015 Q2 76,415,895 $4,392,655,439 -$83,952,817 $57.48 273
2015 Q1 77,840,697 $4,611,579,898 -$152,546,151 $59.27 268
2014 Q4 80,668,505 $4,328,845,288 +$4,285,930,288 $53.64 248