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Union Investment Institutional GmbH
institutional manager voting report
- Vote records reported
- 1,084year to 30 June 2025
- Against management
- 80.1%852 of 1,064 marked votes
- Say-on-pay support
- 28.9%for, of for + against + abstain
- Shareholder-proposal support
- not reportednot reported by managers
foragainstabstain, withhold or otheramber tick: the portion cast against management
In its Form N-PX for the year to 30 June 2025, Union Investment Institutional GmbH listed 1,084 vote records. Votes against management made up 80.1% of those marked either way (852 of 1,064); the median institutional manager stood at 7.5%.
Weighted by the number of shares voted, the against-management share is 38.5%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.
On pay and on shareholder proposals: it voted for 28.9% of the section 14A say-on-pay items it reported (the median institutional manager: 91.3%).
By category, votes against management were most frequent in SECTION 14A SAY-ON-PAY VOTES (80.1% of 1,064).
It reported 14.8 million shares out on loan at record dates, 17.47% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.
Compared with other filers
Each rate is defined once, in the methodology. The median is taken over 2,562 institutional managers with at least 25 vote records in the season.
| year to 30 June 2025 | This filer | Median institutional manager | All filers pooled |
|---|---|---|---|
| Against-management share | 80.1% | 7.5% | 9.7% |
| Say-on-pay support rate | 28.9% | 91.3% | 84.3% |
| Shareholder-proposal support rate | not reported | 17.6% | 33.0% |
| Shares on loan, share of shares held | 17.47% | 0.00% | 2.20% |
| Largest families, year to 30 June 2026 | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|
| Vanguard | 20.1% | 94.1% | 42.0% |
| BlackRock and iShares | 7.5% | 88.3% | 11.9% |
| Fidelity | 6.0% | 94.7% | 27.6% |
| Dimensional | 16.4% | 78.9% | 57.4% |
| State Street and SPDR | 16.9% | 77.1% | 50.4% |
Of the 1,084 vote records in this filing, 1,084 carry something the form does not expect: a missing vote source or category, a record with no vote line, a meeting date that cannot be read, or a security identifier this site could not use. They are counted as filed. What is checked
Votes by category
Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.
| Category (as the form names it) | Votes | For | Against | Against management | Split |
|---|---|---|---|---|---|
| SECTION 14A SAY-ON-PAY VOTES | 1,084 | 206 | 506 | 80.1% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 559 | 62.8% | 22.0% | not reported | |
| year to 30 June 2025 | 1,084 | 80.1% | 28.9% | not reported |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, Union Investment Institutional GmbH voted against management on 312 of the 431 it marked either way (72.4%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.
- Microsoft Corporation 10 Dec 2024
- Amazon.com, Inc. 21 May 2025
- NVIDIA Corporation 25 Jun 2025
- Apple Inc. 25 Feb 2025
- Meta Platforms, Inc. 28 May 2025
- Visa Inc. 28 Jan 2025
- JPMorgan Chase & Co. 20 May 2025
- Broadcom Inc. 21 Apr 2025
- UnitedHealth Group Incorporated 2 Jun 2025
- Mastercard Incorporated 24 Jun 2025
- Johnson & Johnson 24 Apr 2025
- Eli Lilly and Company 5 May 2025
- The Home Depot, Inc. 22 May 2025
- AbbVie Inc. 9 May 2025
- The Procter & Gamble Company 8 Oct 2024
- Netflix, Inc. 5 Jun 2025
- The Walt Disney Company 20 Mar 2025
- Cisco Systems, Inc. 9 Dec 2024
- Costco Wholesale Corporation 23 Jan 2025
- Adobe Inc. 22 Apr 2025
- Abbott Laboratories 25 Apr 2025
- Thermo Fisher Scientific Inc. 21 May 2025
- Oracle Corporation 14 Nov 2024
- Verizon Communications Inc. 22 May 2025
- Pfizer Inc. 24 Apr 2025
- NextEra Energy, Inc. 22 May 2025
- AT&T INC. 15 May 2025
- Comcast Corporation 18 Jun 2025
- ACCENTURE PLC 6 Feb 2025
- Bristol-Myers Squibb Company 6 May 2025
- Danaher Corporation 6 May 2025
- Wells Fargo & Company 29 Apr 2025
- Amgen Inc. 23 May 2025
- The TJX Companies, Inc. 10 Jun 2025
- ConocoPhillips 13 May 2025
- Texas Instruments Incorporated 17 Apr 2025
- ServiceNow, Inc. 22 May 2025
- GE Aerospace 6 May 2025
- NIKE, Inc. 10 Sep 2024
- Intuitive Surgical, Inc. 1 May 2025
Shareholder proposals it supported
Institutional managers report say-on-pay votes only, so no shareholder proposals appear here.
Shares on loan
Union Investment Institutional GmbH reported 14.8 million shares on loan at record dates against 69.8 million shares voted: 17.47% of the two together. Median institutional manager: 0.00%. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.
The filings
These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.
- N-PX/A filed 17 Jul 2026 accession 0000929638-26-002628
- Every N-PX filing by this filer on EDGAR
Questions
How did Union Investment Institutional GmbH vote on executive pay?
In the year to 30 June 2025 Union Investment Institutional GmbH reported 712 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 206 were for (28.9%), 506 against and 0 abstentions. Counting one item per company meeting, it voted against management on 312 of the 431 say-on-pay items it marked either way.
How often does Union Investment Institutional GmbH vote against management?
80.1% of the time in the year to 30 June 2025: 852 of the 1,064 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.
Is this the result of the meetings?
No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.
Where does the data come from?
From the Form N-PX filings of this filer on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 30 Sep 2026.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by Union Investment Institutional GmbH (filer no. 1697816), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 30 Sep 2026; page built 1 Oct 2026.