Contacting Bank Owners – Funding DAPL

Yesterday I posted a useful list of banks funding DAPL, Contacting the 17 Banks Funding the Dakota Access Pipeline, created by Emily Fuller.

Emily points out some banks are dodging public comment on their investments.

Banks are toadies for their owners and if you can persuade their owners, the banks will dance another tune.

Discovering the owners of banks, human owners, isn’t a straight forward task.

Tables adapted from MorningStar provide a starting place, show the ownership of Wells Fargo (#1 on Emily’s list) by institutions and funds, as:

Institutions

Name Shares Held % Total
Shares Held
Berkshire Hathaway Inc 479,704,270 9.55
Vanguard Group Inc 293,529,151 5.84
BlackRock Fund Advisors 159,579,472 3.18
State Street Corp 144,304,075 2.87
Fidelity Management and Research Company 114,390,616 2.28
Wellington Management Company LLP 105,287,458 2.10
Columbia Insurance Company 74,533,819 1.46
Capital World Investors 87,714,669 1.75
J.P. Morgan Investment Management Inc 71,187,640 1.42
National Fire & Marine Insurance Co 55,776,330 1.10
Dodge & Cox 67,255,750 1.34
Northern Trust Investments N A 60,080,126 1.20
State Street Global Advisors (Aus) Ltd 50,252,360 1.00
State Farm Mutual Automobile Ins Co 55,039,014 1.10
MFS Investment Management KK 49,919,843 0.99
Geode Capital Management, LLC 39,689,832 0.79
Government Pension Fund of Norway – Global 38,048,678 0.72
Barrow Hanley Mewhinney & Strauss LLC 37,011,768 0.74
T. Rowe Price Associates, Inc. 31,739,499 0.63
TIAA-CREF Investment Management LLC 27,710,384 0.55

Funds

Name Shares Held % Total
Shares Held
Vanguard Total Stock Mkt Idx 95,774,705 1.91
Vanguard 500 Index Inv 66,073,771 1.32
SPDR® S&P 500 ETF 50,880,290 1.01
Vanguard Institutional Index I 49,389,580 0.98
Fidelity® Contrafund® 48,971,538 0.98
Dodge & Cox Stock 43,253,341 0.86
Financial Select Sector SPDR® ETF 34,990,492 0.69
Vanguard Wellington™ Inv 34,242,007 0.68
VA CollegeAmerica WA Mutual 529B 26,217,100 0.52
MFS Value A 25,832,081 0.51
Fidelity Spartan® 500 Index Inv 25,067,450 0.50
VA CollegeAmerica Amercn Bal 529E 23,103,000 0.46
VA CollegeAmerica Inc Fund of Amer 529E 21,980,915 0.44
Vanguard Value Index Inv 21,264,834 0.42
Franklin Income A 20,000,000 0.40
CREF Stock R1 20,598,209 0.41
Vanguard Windsor™ II Inv 20,343,696 0.40
iShares Russell 1000 Value 14,316,510 0.28
Vanguard High Dividend Yield ETF 13,351,361 0.27
Parnassus Core Equity Investor 13,218,831 0.26

If these ownership tables look like, appear to be, the sort of relationship information that can be captured by a graph, topic map, etc., you are right in one!

Moreover, the ownership information of other funding banks, such as SunTrust Banks Inc., shows a number of institutions and funds in common.

Meaning that if we pierce the corporate veil and get the names of people, as officers, board of directors, shareholders, etc. those will be valid for one or more of the other funding banks for DAPL as well.

A graph of human owners for a bank, will intersect and overlay other ownership graphs for other banks, enabling activists to focus on persuading the most influential human owners.

Discussion of identifiers for the owners you see listed in this post coming tomorrow!

PS: Consider this a continuation of: Refining The Dakota Access Pipeline Target List. I got distracted by a number of things. Sorry!

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