The largest holder of Lamar Advertising stock is BlackRock Advisors LLC, with 9.3 million shares (10.66% of the company), worth about $1.38 billion as of September 25, 2026. The 10 largest holders together own 44.7%.
In Q2 2026, 800 institutional holdings reports listed 102.0 million shares worth $13.50 billion, up 18.7% in shares from Q1 2026.
Insiders reported 18 transactions in the last two years: 4 sales worth $5.25 million and 1 purchase. The newest one on file is from May 11, 2026 (Johnson Jay Lecoryelle, Chief Financial Officer).
Major holders as of September 25, 2026; quarterly totals from institutional holdings reports (latest Q2 2026); insider transactions on file through May 11, 2026.

2026Q2
| Holder | Shares | % of company | Value |
|---|---|---|---|
| BlackRock Advisors LLC | 9.3 million | 10.66% | $1.4B |
| Vanguard Portfolio Management LLC | 7.5 million | 8.62% | $1.1B |
| Vanguard Capital Management LLC | 3.9 million | 4.51% | $585.0M |
| Fidelity Management & Research Co. LLC | 3.2 million | 3.62% | $471.0M |
| Geode Capital Management LLC | 2.8 million | 3.22% | $418.0M |
| State Street Corporation | 2.7 million | 3.13% | $407.0M |
| Janus Henderson Investors US LLC | 2.7 million | 3.13% | $406.0M |
| Victory Capital Management, Inc. (Investment Management) | 2.3 million | 2.69% | $349.0M |
| Boston Partners Global Investors, Inc. | 2.3 million | 2.66% | $345.0M |
| Wellington Trust Co., NA | 2.1 million | 2.44% | $317.0M |
As of September 25, 2026.
| Quarter | Reports | Shares | Value |
|---|---|---|---|
| Q2 2026 | 800 | 102.0 million | $13.5B |
| Q1 2026 | 709 | 85.9 million | $10.9B |
| Q4 2025 | 700 | 86.2 million | $10.9B |
| Q3 2025 | 670 | 89.0 million | $10.9B |
| Q2 2025 | 641 | 87.0 million | $10.6B |
| Q1 2025 | 629 | 86.0 million | $9.8B |
| Q4 2024 | 628 | 84.9 million | $10.6B |
| Q3 2024 | 606 | 83.9 million | $11.2B |
Shares and value held by institutions that file quarterly holdings reports (options not included).
| Insider | Date | Title | Transaction | Value |
|---|---|---|---|---|
| Johnson Jay Lecoryelle | May 11, 2026 | Chief Financial Officer | Sale at price 157.02 per share. | $1.6M |
| Reilly Ross | Mar 23, 2026 | Officer | Sale at price 128.65 per share. | $767,912 |
| Reilly Ross | Mar 23, 2026 | Officer | Conversion of Exercise of derivative security at price 65.82 per share. | $592,380 |
| Johnson Jay Lecoryelle | Mar 5, 2026 | Chief Financial Officer | Sale at price 137.56 per share. | $173,326 |
| Johnson Jay Lecoryelle | Mar 2, 2026 | Chief Financial Officer | -- | – |
| Reilly Ross | Feb 18, 2026 | Officer | Stock Award(Grant) at price 0.00 per share. | – |
| Johnson Jay Lecoryelle | Aug 22, 2025 | Chief Financial Officer | Sale at price 123.00 - 125.59 per share. | $2.7M |
| Johnson Jay Lecoryelle | Aug 19, 2025 | Chief Financial Officer | -- | – |
| Landrieu Mitchell | May 27, 2025 | Director | Stock Award(Grant) at price 0.00 per share. | – |
| Reilly Wendell S | May 15, 2025 | Director | Stock Award(Grant) at price 0.00 per share. | – |
| Mumblow Stephen P | May 15, 2025 | Director | Stock Award(Grant) at price 0.00 per share. | – |
| Reilly Anna L | May 15, 2025 | Director | Stock Award(Grant) at price 0.00 per share. | – |
Newest 12 of 18 insider transactions in the last two years.
BlackRock Advisors LLC, with 10.66% of the company (as of September 25, 2026). Next: Vanguard Portfolio Management LLC (8.62%) and Vanguard Capital Management LLC (4.51%).
800 institutional holdings reports listed Lamar Advertising shares in Q2 2026, 102.0 million shares in all worth $13.50 billion.
In the last two years insiders reported 4 sales and 1 purchase (18 transactions in all); the newest on file is from May 11, 2026.