<div id="readability-page-1"><div><h3>Key Insights</h3><ul> <li> The considerable ownership by state or government in Orlen indicates that they collectively have a greater say in management and business strategy </li> <li> The top 2 shareholders own 56% of the company </li> <li>  Institutions own 32% of Orlen </li> </ul><p>AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.</p><p> A look at the shareholders of Orlen S.A. (WSE:PKN) can tell us which group is most powerful.  With 50% stake, state or government possess the maximum shares in the company.  Put another way, the group faces the maximum upside potential (or downside risk). </p><p> Meanwhile, institutions make up 32% of the company’s shareholders.   Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones.    </p><p> In the chart below, we zoom in on the different ownership groups of Orlen. </p><p><span> View our latest analysis for Orlen </span></p><figure><img height="245" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/883676-ownership-breakdown-1-dark-2/1769055771314?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/883676-ownership-breakdown-1-dark-2/1769055771314"/><figcaption>WSE:PKN Ownership Breakdown January 22nd 2026</figcaption></figure> <h2>What Does The Institutional Ownership Tell Us About Orlen?</h2><p> Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. </p> <p> We can see that Orlen does have institutional investors; and they hold a good portion of the company's stock.  This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong.  If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Orlen's earnings history below. Of course, the future is what really matters. </p><figure><img height="1048" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/883676-earnings-and-revenue-growth-1-dark-2/1769055772540?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1642" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/883676-earnings-and-revenue-growth-1-dark-2/1769055772540"/><figcaption>WSE:PKN Earnings and Revenue Growth January 22nd 2026</figcaption></figure> <p> We note that hedge funds don't have a meaningful investment in Orlen.      The State Treasury of the Republic of Poland is currently the largest shareholder, with 50% of shares outstanding.       For context, the second largest shareholder holds about 5.9% of the shares outstanding, followed by an ownership of 5.0% by the third-largest shareholder.   </p> <p> A more detailed study of the shareholder registry showed us that 2 of the top shareholders have a considerable amount of ownership in the company, via their 56% stake.  </p> <p> While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing.   There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.  </p><h2>Insider Ownership Of Orlen</h2><p> The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least.  The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. </p><p> I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. </p> <p> We note our data does not show any board members holding shares, personally.   It is unusual not to have at least some personal holdings by board members, so our data might be flawed. A good next step would be to check how much the CEO is paid.  </p> <h2>General Public Ownership</h2><p> With a 18% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Orlen.  While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. </p> <h2>Next Steps:</h2><p> It's always worth thinking about the different groups who own shares in a company. But to understand Orlen better, we need to consider many other factors.    To that end, you should be aware of the  <strong> 2 warning signs </strong> we've spotted with Orlen .   </p> <p> But ultimately <strong> it is the future</strong>, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. </p> <p><small>NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.</small></p></div></div>

<p>Orlen S.A. (WSE:PKN) has significant ownership by the state or government, holding 50% of shares, indicating their influence on management and strategy. Institutions own 32% of the company, suggesting analyst confidence in the stock. The largest shareholders collectively own 56%, while the general public holds 18%. Notably, there is no significant hedge fund investment, and insider ownership appears minimal. Understanding these ownership dynamics is crucial for assessing Orlen's future performance.</p>

While institutions own 32% of Orlen S.A. (WSE:PKN), state or government are its largest shareholders with 50% ownership