Federal National Mortgage Association provides a source of financing for mortgages in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S. Department of Agriculture, manufactured housing mortgage loans, and other mortgage-related securities. This segment also provides single-family mortgage servicing, as well as credit risk and loss management services. The Multifamily segment securitizes multifamily mortgage loans into Fannie Mae MBS; purchases multifamily mortgage loans; and provides credit enhancement for bonds issued by state and local housing finance authorities to finance multifamily housing. This segment also issues structured MBS backed by Fannie Mae multifamily MBS; buys and sells multifamily agency mortgage-backed securities; invests in low-income housing tax credit (LIHTC) multifamily projects; and offers delegated underwriting and servicing, as well as multifamily mortgage, and credit risk and loss management services. The company serves mortgage banking companies, savings and loan associations, savings banks, commercial banks, credit unions, community banks, insurance companies, private mortgage originators, and state and local housing finance agencies. Federal National Mortgage Association was founded in 1938 and is headquartered in Washington, the District of Columbia.

Investor	Date	% Owned	Market Value	Shares	Chg. Shares	Chg. Shares %	% Portfolio
Pershing Square Capital Management, L.P.	2025-02-01	2.01382%	$596.34M	115.6M	—	—	6.2%
Capital Research and Management Company	2025-10-31	1.91579%	$567.31M	109.9M	-33.8K	-0.0%	0.1%
The Growth Fund of America	2025-09-30	1.77377%	$525.26M	101.8M	-7.5M	-6.9%	0.3%
Pershing Square L.P.	2025-02-01	0.68469%	$202.75M	39.3M	—	—	70.3%
Morgan Stanley Institutional Fund, Inc. - Growth Portfolio	2025-06-30	0.16124%	$47.75M	9.3M	—	—	2.3%
Morgan Stanley Investment Funds SICAV - US Advantage Fund
Morgan Stanley Investment Funds SICAV - U.S. Growth Fund
Capital World Growth and Income Fund
BlackRock Global Funds - World Financials Fund
Transamerica Funds - Transamerica Capital Growth
Brighthouse Funds Trust I - Morgan Stanley Discovery Portfolio
Morgan Stanley Insight Fund
Morgan Stanley Institutional Fund Trust - Discovery Portfolio
Morgan Stanley Variable Insurance Fund, Inc. - Growth Portfolio
Morgan Stanley Investment Funds - Global Insight Fund
Delaware Group Equity Funds IV - Macquarie Healthcare Fund
Capital Group Global Equity Fund (Canada)
Pershing Square II L.P.
Transamerica Asset Management, Inc.
Drh VermÖGensverwaltung GmbH

Federal National Mortgage Association

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