Ownership profile
Who owns YETI?
YETI is a fully public company trading on the NYSE (ticker: YETI); private equity firm Cortec Group held a majority stake from 2012 until fully exiting between May 2019 and February 2021, and no PE firm currently holds a controlling or material stake.
Ownership profile
YETI
YETI Holdings, Inc. (Delaware corporation; NYSE: YETI)
Evidence (9)
Cortec's own portfolio page lists YETI under 'Fund V — Exited' and confirms the exit was completed through the IPO and subsequent stock sales from May 2019 through February 2021.
https://cortecgroup.com/portfolio-items/yeti/YETI Holdings, Inc. is publicly traded on the New York Stock Exchange under the ticker symbol 'YETI'
https://www.sec.gov/Archives/edgar/data/1670592/000167059221000004/yeti-20210102.htmCortec Group announced it had sold substantially all of its remaining ownership in YETI via public market transactions as of June 2, 2020, generating more than 25x invested capital gross for its limited partners.
https://cortecgroup.com/cortec-group-announces-successful-exit-of-virtually-all-of-its-ownership-in-yeti/YETI completed its IPO in October 2018 at $18.00 per share; Cortec Fund V sold 13,500,000 secondary shares at the IPO and further follow-on shares thereafter.
https://cortecgroup.com/cortec-group-announces-initial-public-offering-and-first-follow-on-offering-of-yeti/YETI was founded in 2006 by brothers Roy and Ryan Seiders and incorporated as YETI Coolers, Inc. (Texas) in 2010; in 2012 it was restructured into YETI Coolers, LLC (Delaware), which became a wholly owned subsidiary of YETI Holdings, Inc.
https://www.sec.gov/Archives/edgar/data/1670592/000104746918006465/a2236767zs-1.htmCortec Group became YETI's principal stockholder in 2012, acquiring a majority stake for a reported $67 million through Cortec Group Fund V, L.P.; YETI Holdings, Inc. was incorporated in 2012 by Cortec as the holding-company vehicle.
https://www.sec.gov/Archives/edgar/data/1670592/000104746918006465/a2236767zs-1.htmAs of early 2025, there are no public indications of a privatisation or private equity takeover; ownership is dominated by institutional investors including Vanguard (~10.5%) and BlackRock (~9.2%).
https://matrixbcg.com/blogs/owners/yetiYETI uses a one-share-one-vote structure with no special or golden shares, and insider holdings stood at approximately 0.67% as of April 2025.
https://matrixbcg.com/blogs/owners/yetiPitchBook confirmed Cortec Group sold the last of its shares in YETI following its public listing since 2018.
https://pitchbook.com/newsletter/cortec-completes-yeti-exitWhat's uncertain
- Cortec's press release (June 2020) announced exit of 'virtually all' shares; the final residual shares were confirmed sold by February 2021 per Cortec's portfolio page — the exact date of the last sale is not publicly documented to the day.
- Institutional shareholding figures (Vanguard, BlackRock, etc.) are as of Q1 2025 and may have shifted since then.
- No privacy policy or terms-of-service data-controller review was conducted; the SEC filings and Cortec's own press releases were considered sufficient to establish the public structure and PE exit with high confidence.