• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Finance401(k)

Here’s How to Find Out If You Own Gun Stocks in Your 401k

By
Natallie Rocha
Natallie Rocha
Down Arrow Button Icon
By
Natallie Rocha
Natallie Rocha
Down Arrow Button Icon
August 7, 2019, 9:06 AM ET
Gun-Safety Bill Gun Control
Demonstrators protest in support of gun control legislation outside the White House in Washington, D.C., U.S., on Tuesday, Aug. 6, 2019. President Trump is looking at the background-checks legislation passed by the House and other bills, and the administration would consider solutions, laws or executive actions that actually make people safer, an aide says. Photographer: Sarah Silbiger/Bloomberg via Getty ImagesSarah Silbiger—Bloomberg via Getty Images

Even if you’re anti-gun, you might be surprised to find that you’re supporting the gun industry.

Indeed as communities in Ohio and Texas deal with the aftermath of two more mass shootings, the thought that the average investor might be supporting gun companies may seem farfetched. But it’s not: some of the world’s biggest funds and ETFs, run by companies such as Vanguard, BlackRock, and others are among the largest shareholders of publicly traded gun stocks.

For instance the Vanguard Total Stock Market Index Fund owns more than 1 million shares of American Outdoor Brands stock, according to Morningstar Direct, while the American Funds Small Cap World Fund owns more than 2 million. Overall, more than 250 mutual funds and ETFs, including most of the industry’s big names, appear on the Morningstar screen for holders of the big gun makers.

The Vanguard Group, holds stakes in three publicly traded gun manufacturing companies via its funds. According to data from Morningstar Direct, Vanguard holds 4,927,112 shares in American Outdoor Brands across 14 funds, 1,769,788 shares in Sturm Ruger & Co. Inc. across 19 funds and 5,891,492 shares in Vista Outdoor Inc across 20 funds.(While Vista Outdoor recently sold its gun manufacturing sector it remains in the ammunition business.)

A spokesperson from Vanguard said that “a modest subset of Vanguard funds owns firearm stocks” adding that 23 out of the firm’s 417 funds hold shares in the country’s top two gun manufacturers.

“We are deeply saddened by the senseless tragedies of gun violence across the United States. We share concerns about public safety and hope that policymakers take appropriate actions to protect Americans from gun violence,” a spokesperson from Vanguard told Fortune over email. 

Vanguard also says that investors can use their online tool to search where exactly their money is being invested. “We believe choosing to divest from certain securities is a personal decision. Vanguard understands that some investors may want to reflect their personal beliefs in their investment holdings, and may wish to avoid certain companies. We offer investment options that enable clients to reflect those personal beliefs in their investments.”

As for the world’s largest asset manager, a spokesperson from BlackRock, acknowledged that after the tragedy at Parkland, the firm launched two new ETF funds that would include screens to exclude civilian firearms: iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) and iShares ESG US Aggregate Bond ETF (EAGG).

A BlackRock spokesperson explained that in general, 401k plans do not include ETF funds, so part of the firm’s response to Parkland included strategies that offered “pooled funds available to certain institutional investors such as U.S. pension plans seeking firearm-free funds for employee retirement programs such as 401k plans,” BlackRock said in a client update.

The firm also released a statement on “BlackRock’s Approach to Companies that Manufacture and Distribute Civilian Firearms” that outlines the firms approach to engaging with gun stocks.

Some non-profit leaders are encouraging investors to do their homework. Penny Okamoto, executive director at CeaseFire Oregon, says she often counsels people looking to “unload their 401ks” to reduce gun violence. “Make sure,” she says, “that you are not unwittingly supporting gun manufacturers.”

Morris Armstrong, founder of Armstrong Financial Strategies, suggests investors make use of socially responsible fund screens, should they “abhor the idea of investing in a manufacturer of weapons.”

Fortunately, awareness about gun violence has made finding data easier for the average investor. Following the mass shooting at Marjorie Stoneman Douglas High School in Parkland, Fla. on Feb. 14, 2018, analysts at Morningstar compiled data that would help investors identify gun stocks in fund portfolios. 

Anyone can access Morningstar’s individual investor website which shows the top 20 firms invested in a given company, at no additional cost. The company also offers a deeper dive through its investment analysis platform called Morningstar Direct.

For supporters of gun control, it’s one concrete step towards making sure guns—and your money—don’t fall into the wrong hands.

More must-read stories from Fortune:

—What people get wrong about artificial intelligence and China

—Why an EU investigation into Amazon could change the way the e-tailer works

—The trouble with regulating big tech

—Will A.I., blockchain, 5G, and VR give companies a competitive edge?

—Listen to our audio briefing, Fortune 500 Daily

Follow Fortune on Flipboard to stay up-to-date on the latest news and analysis.

About the Author
By Natallie Rocha
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

CryptoCryptocurrency
TradFi firms are increasingly warming to cryptocurrencies, says Bybit CEO Ben Zhou
By Angelica AngJanuary 22, 2026
1 hour ago
dimon
BankingWhite House
Trump sues Jamie Dimon, JPMorgan for $5 billion over claims that his politics got him debanked in 2021
By Ken Sweet and The Associated PressJanuary 22, 2026
2 hours ago
macron
EuropeFrance
Macron says Europe forced Trump to back down: ‘Europe can make itself be respected, and that’s a very good thing’
By Lorne Cook, Sam McNeil and The Associated PressJanuary 22, 2026
2 hours ago
reagan
EconomyWealth
How the middle class was hollowed out from 1979 to 2022, according to new federal data
By Nick LichtenbergJanuary 22, 2026
2 hours ago
Personal FinanceGold
Best gold IRA companies 2026: Clear winners among the sea of options
By Joseph HostetlerJanuary 22, 2026
3 hours ago
CryptoCrypto Playbook
Key crypto bill appears bogged down—but one insider says Clarity Act still in strong position to pass
By Leo SchwartzJanuary 22, 2026
3 hours ago

Most Popular

placeholder alt text
Economy
Jamie Dimon says he’d have no issue paying higher taxes if it actually went to people who need it. Right now it just goes to the Washington ‘swamp’
By Eleanor PringleJanuary 21, 2026
1 day ago
placeholder alt text
AI
Elon Musk says that in 10 to 20 years, work will be optional and money will be irrelevant thanks to AI and robotics
By Sasha RogelbergJanuary 19, 2026
3 days ago
placeholder alt text
Success
Nvidia CEO Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction are about to be unlocked because someone needs to build all these new AI centers
By Preston ForeJanuary 21, 2026
1 day ago
placeholder alt text
Politics
Jamie Dimon tells Davos: ‘You didn’t do a particularly good job making the world a better place’
By Eleanor PringleJanuary 21, 2026
1 day ago
placeholder alt text
Economy
'Some form of crisis is almost inevitable': The $38 trillion national debt will soon be growing faster than the U.S. economy itself, watchdog warns
By Nick LichtenbergJanuary 22, 2026
6 hours ago
placeholder alt text
Economy
Scott Bessent insists he’s ‘not concerned at all’ about investors selling America—despite the fact it’s unraveled tariffs before
By Eleanor PringleJanuary 21, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.