AOL Time Warner's largest institutional shareholders, based on 13F filings from March 31, 2002, are listed below:
| Shareholder | Position | |
| 1. | Fidelity Management & Research | 158,814,556 |
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| 2. | Janus Capital Corporation | 155,668,889 |
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| 3. | Barclays Global Investors | 142,420,458 |
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| 4. | Capital Research & Management | 114,703,820 |
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| 5. | State Street Global Advisors | 99,297,228 |
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| 6. | Alliance Capital Management L.P. | 90,159,344 |
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| 7. | Wellington Management Company, LLP | 76,921,354 |
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| 8. | Vanguard Group, Inc. | 72,224,290 |
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| 9. | Smith Barney Asset Management | 71,597,314 |
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| 10. | Deutsche Asset Management Americas | 55,974,883 |
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| 11. | College Retirement Equities Fund | 44,095,445 |
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| 12. | Goldman Sachs Asset Management | 38,879,693 |
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| 13. | Mellon Bank (Private Asset Management) | 31,782,759 |
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| 14. | J.P. Morgan Investment Mgmt. Inc. | 29,102,926 |
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| 15. | Legg Mason Capital Management, Inc. | 26,663,183 |
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| 16. | T. Rowe Price Associates, Inc. | 25,567,970 |
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| 17. | Putnam Investment Management, Inc. | 23,711,859 |
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| 18. | Merrill Lynch Investment Managers | 23,431,712 |
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| 19. | AIM Management Group, Inc. | 23,373,412 |
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| 20. | California Public Employees' Ret Sys | 19,397,316 |
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