The State Treasury of the Republic of Poland was the biggest shareholder of GPW and the only shareholder with a stake greater than 5% of the share capital as at 31 December 2015: it holds 14,688,470 shares representing 35.00% of all shares and 51.76 of the total vote.

GPW shareholders as at the end of 2015

Domestic open-ended pension funds jointly held 9.39 million GPW shares at the end of 2015, representing 22.37% of the share capital and 16.54% of the total vote. According to GPW estimates, another 10%-13% of shares were held by other domestic institutional investors (mainly investment funds), 10%-12% directly by domestic individual investors, and 19%-22% by foreign investors.