Founded in Seattle, Washington in 1907 by two teenagers with a $100 loan, the United Parcel Service Inc. (NYSE: UPS) comes from humble beginnings. Jim Casey and Claude Ryan founded the American Messenger Company in a basement in Seattle during a time when automobiles and phones were not widely accessible. Instead, the teenagers carried out a variety of errands on foot, such as prescriptions, letters, and other everyday items. Today, UPS is one of the largest global shipping and logistics companies in the world, with a market cap of $98.3 billion as of October 24. 

On October 24, 2018, UPS reported Q3 2018 earnings. The company reported Q3 2018 revenues of $17.4 billion, compared to $15.9 billion revenues during the same quarter last year. Total revenues rose 8% from Q2 2018.

Here are the company's top institutional and insider shareholders.

Institutional Shareholders

Unsurprisingly, the largest shareholders in UPS are institutions. Here are the top three institutional investors in UPS.

The Vanguard Group Inc.

The Vanguard Group Inc. is a major player in passively managed stock mutual funds. The asset management company recorded assets under management of $5.1 trillion as of January 31, 2018. It owns 51 million shares and about 5.98% of UPS. Six of the seven top mutual fund holders of UPS are Vanguard Funds, including Vanguard Total Stock Market Index Fund, Vanguard 500 Index Fund, Vanguard Institutional Index Fund, Vanguard Wellington Fund, Vanguard Dividend Growth Fund, and Vanguard Growth Index Fund. UPS accounts for 0.23% of the Vanguard Group's total assets.

State Street Global Advisors

State Street Global Advisors is a large asset manager and one of the major sponsors of ETFs, with assets under management of $32.9 billion as of June 30, 2018. The company owns more than 26 million shares of UPS, as of October 2018, accounting for 0.24% of State Street's total assets.

BlackRock Fund Advisors

With $6.31 trillion in assets under management in March 2018, BlackRock, Inc. (BLK) is the largest investment management company in the world, publicly traded or otherwise. Boasting a market capitalization of $62.36 billion as of October 24, the firm sells mutual funds, exchange-traded funds, and closed-end funds. Blackrock owns about 25 million shares of UPS, or 2.95% of the company, accounting for 0.19% of the institution's total assets.

Company Executive Shareholders

Company insiders and high ranking executives tend to be among the largest shareholders. Here are the top insider shareholders at UPS.

Myron A. Gray

Myron A. Gray holds 236,049 shares of UPS according to an SEC filing from March 2018, making him the company's largest insider shareholder of UPS. Gray joined UPS in 1978 as a part-time package handler in the Tennessee District while attending college. Gray is the former President of U.S. Operations for UPS and was responsible for all package delivery and logistics services in the United States. 

In 2010, Gray led the transformation of UPS's U.S. small package business. He oversaw programs which expanded the company's logistics serves and upgraded technology used in operations. Gray was also a member of the company's Management Committee, a group tasked with daily management of the company. 

Alan Gershenhorn

Alan Gershenhorn is the former Executive Vice President and Chief Commercial Officer of UPS. As of March 2018, Gershenhorn held 228,484 shares of the shipping company. Gershenhorn began his UPS career in Houston, Texas in 1979 as a part-time package handler. He has held different U.S. and international positions in operations, engineering, freight forwarding, logistics, customs brokerage, marketing, strategy, and retail services.

As Executive Vice President and Chief Commercial Officer for UPS, Gershenhorn directed strategy, mergers and acquisitions, public affairs, marketing, sales, product and solution development, customer experience management and key growth strategies across the enterprise. He also oversaw Coyote Logistics, a subsidiary that provides truckload and intermodal transportation management services and brokerage across a wide range of industries.

Gershenhorn previously served as Chief Sales, Marketing, and Strategy Officer where he directed global sales, customer relationship management, segment marketing, product development, electronic commerce, revenue management, marketing research, and corporate strategy.

David P. Abney

David P. Abney is UPS’s Chairman, Chief Executive Officer (CEO), and third-largest insider shareholder. According to a March 14, 2018 SEC filing, Abney holds 200,481 shares of UPS. The UPS CEO began his career as a part-time package loader while in college. He was appointed CEO in 2014 and Chairman in 2016. Abney previously served as Chief Operating Officer (COO) beginning in 2007.

Abney was previously President of UPS International and led the Company's strategic initiative to increase its global logistics capabilities. During his career, Abney supported many global acquisitions, including the Fritz Companies, Stolica, Lynx Express, and Sino-Trans in China. Earlier in his career, Abney served as President of SonicAir, a same-day delivery service that signaled UPS's move into the service parts logistics sector.