Dollar Tree is one of America’s most recognizable discount retail chains. Known for its fixed price point and affordable household products, many consumers often ask: who owns Dollar Tree? In this article, we’ll dive deep into the company’s history, ownership structure, shareholders, leadership, and more.
History of Dollar Tree
Dollar Tree began as a small chain named Only $1.00, founded in 1986 by Macon Brock, Doug Perry, and Ray Compton. Before that, the founders had run a company called K&K Toys, which was later sold to Toys “R” Us.
The transition to Dollar Tree occurred in 1993 when the focus shifted fully to the dollar-only concept. By 1995, Dollar Tree became a publicly traded company on the NASDAQ under the symbol DLTR. Over the years, Dollar Tree expanded aggressively through new stores and acquisitions, becoming one of the largest discount variety stores in North America.
Who Owns Dollar Tree: Largest Shareholders
Dollar Tree is a publicly traded company listed on the NASDAQ stock exchange. Its ownership is distributed among various institutional investors, insiders, and retail shareholders.
As of May 2025, institutional investors hold approximately 97.4% of Dollar Tree’s shares while insiders own about 9.55%.
Here’s a list of the top shareholders of Dollar Tree as of May 2025:
| Shareholder | Ownership (%) | Shares Held | Estimated Value (USD) | Notes |
|---|---|---|---|---|
| Vanguard Group Inc. | 10.90% | 23,450,228 | $1.97 billion | Largest shareholder; passive investor via index funds |
| BlackRock Inc. | 7.28% | 15,661,332 | $1.31 billion | Major institutional investor; strong influence |
| Mantle Ridge LP | 5.63% | 12,104,393 | $1.02 billion | Activist investor; involved in strategic decisions |
| T. Rowe Price Investment Mgmt | 4.61% | 9,920,748 | $832.85 million | Increased stake by 5.69% in Q4 2024 |
| State Street Corporation | 4.34% | 9,333,666 | $783.56 million | Institutional investor; passive role |
| Capital International Investors | 4.07% | 8,753,693 | $734.87 million | Increased stake by 30.07% in Q4 2024 |
| EdgePoint Investment Group Inc. | 3.69% | 7,940,163 | $666.58 million | Long-term value investor |
| Kovitz Investment Group Partners | 3.03% | 6,524,870 | $547.76 million | Increased stake by 382.74% in Q4 2024 |
| Geode Capital Management LLC | 2.38% | 5,109,852 | $428.97 million | Fidelity affiliate; manages index portfolios |
| Marshall Wace LLP | ~2.04% | 4,377,366 | $353 million | Aggressively increased stake by 784.24% in Q4 2024 |
| D.E. Shaw & Co., Inc. | ~1.87% | 4,008,201 | $323 million | Hedge fund; increased stake by 152.22% in Q4 2024 |
| Primecap Management Co. | ~1.85% | 3,978,425 | $321 million | Increased position by 31.26% in Q4 2024 |
| Bridgewater Associates LP | <0.02% | N/A | $2.82 million | Small position; minor influence |
Vanguard Group Inc.
Vanguard is the largest shareholder of Dollar Tree, holding approximately 10.9% of the company’s shares, which equates to 23,450,228 shares valued at around $1.97 billion. Vanguard’s investment is primarily through its index and mutual funds, giving it significant influence in shareholder votes and corporate governance decisions.
BlackRock Inc.
BlackRock holds about 7.28% of Dollar Tree’s shares, totaling 15,661,332 shares valued at approximately $1.31 billion. As a major asset manager, BlackRock’s stake reflects its confidence in Dollar Tree’s business model and growth prospects.
Mantle Ridge LP
Mantle Ridge LP owns roughly 5.63% of Dollar Tree, with 12,104,393 shares valued at about $1.02 billion. As an activist investment firm, Mantle Ridge has been involved in influencing Dollar Tree’s strategic decisions and board composition.
T. Rowe Price Investment Management Inc.
T. Rowe Price holds approximately 4.61% of the company’s shares, amounting to 9,920,748 shares valued at $832.85 million. The firm increased its stake by 5.69% in the fourth quarter of 2024, indicating a positive outlook on Dollar Tree’s performance.
State Street Corporation
State Street owns about 4.34% of Dollar Tree, with 9,333,666 shares valued at approximately $783.56 million. As a major custodian bank and asset manager, State Street’s holdings are significant in the context of institutional ownership.
Capital International Investors
Capital International Investors holds around 4.07% of the company’s shares, totaling 8,753,693 shares valued at $734.87 million. In the fourth quarter of 2024, the firm increased its holdings by 30.07%, reflecting growing confidence in Dollar Tree’s strategic direction.
EdgePoint Investment Group Inc.
EdgePoint Investment Group owns approximately 3.69% of Dollar Tree, with 7,940,163 shares valued at $666.58 million. This stake represents a significant portion of EdgePoint’s investment portfolio, indicating a strong belief in Dollar Tree’s long-term value.
Kovitz Investment Group Partners LLC
Kovitz Investment Group holds about 3.03% of the company’s shares, amounting to 6,524,870 shares valued at $547.76 million. The firm significantly increased its position in the fourth quarter of 2024, adding 382.74% more shares.
Geode Capital Management LLC
Geode Capital Management owns roughly 2.38% of Dollar Tree, with 5,109,852 shares valued at $428.97 million. Geode, affiliated with Fidelity, manages assets for various index funds and institutional clients.
Other Notable Shareholders
Several other institutional investors have significant holdings in Dollar Tree:
- Marshall Wace LLP: Holds 4,377,366 shares valued at $353 million, having increased its position by 784.24% in Q4 2024.
- Primecap Management Co.: Owns 3,978,425 shares worth $321 million, with a 31.26% increase in holdings during the same period.
- D.E. Shaw & Co., Inc.: Holds 4,008,201 shares valued at $323 million, adding 152.22% more shares in Q4 2024.
- Bridgewater Associates LP: Maintains a position valued at $2.82 million in Dollar Tree.
These institutional investors play a crucial role in Dollar Tree’s ownership structure, influencing corporate governance and strategic decisions through their significant shareholdings.
Who is the CEO of Dollar Tree?
As of 2025, Michael C. Creedon Jr. serves as the Chief Executive Officer (CEO) of Dollar Tree Inc., having been appointed to the role in December 2024.
Prior to this, he held the position of Chief Operating Officer (COO) and was named interim CEO in November 2024 following the resignation of Rick Dreiling due to health concerns.
Background and Career of Michael C. Creedon Jr.
Michael C. Creedon Jr. joined Dollar Tree in 2022 as Chief Operating Officer. Before his tenure at Dollar Tree, he spent approximately nine years at Advance Auto Parts, culminating in the role of Executive Vice President and President of U.S. Stores. His extensive experience in retail operations and leadership positioned him well to navigate Dollar Tree through its ongoing transformation and strategic initiatives.
Leadership Transition and Strategic Direction
Creedon’s appointment as CEO came at a pivotal time for Dollar Tree. In March 2025, the company announced the sale of its Family Dollar business to a consortium of private equity investors for approximately $1 billion, aiming to restructure and reduce costs. Under Creedon’s leadership, Dollar Tree is focusing on enhancing its core business operations and exploring new growth opportunities.
Decision-Making Structure and Governance
As CEO, Creedon reports to the Board of Directors, which oversees the company’s strategic direction and governance. Edward J. Kelly III, who was elected Chairman of the Board following Dreiling’s resignation, works closely with Creedon to ensure alignment between management and the board. The board comprises a mix of independent directors and company executives, providing diverse perspectives on corporate strategy and oversight.
Recent Leadership Changes
The leadership transition from Rick Dreiling to Michael C. Creedon Jr. marked a significant shift in Dollar Tree’s executive team. Dreiling, who served as CEO from January 2023 until November 2024, stepped down due to health reasons.
His tenure was characterized by efforts to revitalize the company’s operations and address challenges within the Family Dollar segment. Creedon’s succession reflects the company’s commitment to continuity and strategic focus during a period of transformation.
Annual Revenue and Net Worth of Dollar Tree
As of fiscal year 2025, Dollar Tree Inc. reported annual revenue of $17.58 billion, reflecting a 4.75% increase from the previous year. This growth was driven by factors such as multi-price expansion, operational improvements, new store openings, and the integration of the former 99 Cents Only Stores portfolio.
The company’s market capitalization, a measure of its net worth, stood at approximately $14.84 billion as of March 7, 2025. This represents a significant decrease of over 50% compared to the previous year, largely due to the challenges associated with the Family Dollar acquisition and subsequent sale. The sale of Family Dollar, announced in March 2025 for $1 billion, is expected to provide net proceeds of around $804 million and a tax benefit of approximately $350 million.
Looking ahead, Dollar Tree anticipates net sales for fiscal year 2025 to range between $18.5 billion and $19.1 billion, with comparable store sales growth projected at 3% to 5%. The company expects adjusted earnings per share (EPS) from continuing operations to be between $5.00 and $5.50.
Here’s an overview of the historical revenue and net worth of Dollar Tree from 2016-25:
| Year | Revenue (USD Billion) | Market Cap / Net Worth (USD Billion) |
|---|---|---|
| 2025 | 17.58 | 14.84 |
| 2024 | 16.78 | 32.00 |
| 2023 | 15.48 | 31.91 |
| 2022 | 14.32 | 31.60 |
| 2021 | 12.23 | 25.77 |
| 2020 | 11.14 | 20.12 |
| 2019 | 11.17 | 19.56 |
| 2018 | 10.49 | 22.08 |
| 2017 | 10.15 | 20.04 |
| 2016 | 9.13 | 18.83 |
Brands Owned by Dollar Tree
As of 2025, Dollar Tree Inc. operates several key brands and subsidiaries that contribute to its position as a leading discount retailer in North America. Below is a detailed overview of the major brands and companies owned by Dollar Tree:
| Brand/Company | Status (2025) | Description | Year Acquired/Launched | Regions Operated | Key Notes |
|---|---|---|---|---|---|
| Dollar Tree (U.S.) | Active | Core brand offering fixed-price items (mostly $1.25) across multiple categories | Original (founded in 1986) | U.S. (48 states) | Over 8,800 stores as of 2025 |
| Dollar Tree Canada | Active | Canadian division selling value goods at low fixed prices | Acquired Dollar Giant in 2010 | Canada (5 provinces) | Approx. 227 stores, mainly in Western Canada and Ontario |
| Deals | Rebranded into Dollar Tree | Discount stores with mixed pricing, rebranded to Dollar Tree in 2016 | Acquired in 2006 | Formerly in 19 U.S. states | Over 200 stores before rebranding |
| Family Dollar | Sold in 2025 | General merchandise and grocery chain | Acquired in 2015, sold in 2025 | U.S. (was ~8,000 stores) | Sold to private equity firms for $1.007B in March 2025 |
Dollar Tree (U.S.)
Dollar Tree is the flagship brand of Dollar Tree Inc., known for offering a wide variety of products at a fixed price point, primarily $1.25. The stores provide merchandise across categories such as household items, party supplies, food and snacks, health and beauty aids, and seasonal décor.
As of early 2025, Dollar Tree operates over 8,800 stores across 48 U.S. states, focusing on delivering value and convenience to customers.
Dollar Tree Canada
Dollar Tree expanded into Canada in 2010 through the acquisition of Dollar Giant, a Canadian discount retailer. This move marked Dollar Tree’s first foray outside the United States. The Canadian stores operate under the Dollar Tree brand, offering products at fixed price points, typically around CAD $1.50.
By 2020, the company had established 227 stores across five Canadian provinces, with a significant presence in Western Canada and Ontario.
Deals
Deals was a chain of discount variety stores acquired by Dollar Tree in 2006. The stores offered a mix of fixed and variable pricing on a range of products, including health and beauty items, food, seasonal décor, and household goods. At its peak, Deals operated over 221 stores across 19 U.S. states. In 2016, Dollar Tree rebranded all Deals stores under the Dollar Tree banner to unify its brand identity and streamline operations.
Family Dollar (Divested in 2025)
Family Dollar was a variety store chain offering a range of products, including groceries, household items, and apparel, at competitive prices. Dollar Tree acquired Family Dollar in 2015 for approximately $8.5 billion, aiming to expand its footprint in the discount retail sector.
However, the integration faced challenges, and in March 2025, Dollar Tree announced the sale of Family Dollar to private equity firms Brigade Capital Management and Macellum Capital Management for $1.007 billion. The divestiture was part of Dollar Tree’s strategic decision to focus on its core operations.
Conclusion
Dollar Tree is a publicly owned retail giant with no single controlling owner. Its shares are held mostly by large institutional investors like Vanguard and BlackRock. With a focus on low-cost products and efficient operations, Dollar Tree has grown steadily over the decades. The acquisition of Family Dollar significantly expanded its market share. Today, the company continues to be a major player in the American retail landscape.
FAQs
Who is the largest shareholder of Dollar Tree?
As of 2025, the largest shareholder of Dollar Tree is The Vanguard Group, holding approximately 10.32% of the company’s total outstanding shares. Vanguard is a major institutional investor with significant influence over company matters.
Is Dollar Tree American-owned?
Yes, Dollar Tree is American owned. It is a publicly traded company listed on the NASDAQ under the ticker symbol DLTR, and its ownership is primarily composed of U.S.-based institutional investors.
Where is the world’s largest Dollar Tree located?
The world’s largest Dollar Tree is located in Burlington, North Carolina. This massive store offers an expanded range of products and showcases the company’s evolving merchandising strategy.
Is Dollar Tree a chain or franchise?
Dollar Tree is a retail chain, not a franchise. All of its stores are corporate-owned and operated, which allows for uniform pricing and consistent brand management.
Who is Dollar Tree’s biggest competitor?
Dollar Tree’s biggest competitors are Dollar General and Five Below. Dollar General is especially competitive in the low-cost general merchandise space, while Five Below targets a similar demographic with slightly higher price points.
Who owns Dollar Tree in the United States?
Dollar Tree is owned by public shareholders in the United States. Its ownership includes institutional investors like Vanguard Group, BlackRock, and State Street Corporation. There is no single private owner.
Does Dollar General own Dollar Tree?
No, Dollar General does not own Dollar Tree. Both are separate, publicly traded companies and are in direct competition with one another in the discount retail market.
Where was Dollar Tree founded?
Dollar Tree was founded in Norfolk, Virginia, originally operating under the name Only $1.00 before being renamed and incorporated as Dollar Tree, Inc. in 1993.
What are the stores owned by Dollar Tree?
As of 2025, Dollar Tree owns and operates:
- Dollar Tree (U.S.)
- Dollar Tree Canada
It previously owned Family Dollar, which was sold in 2025.
Who owns Dollar Tree stores?
Dollar Tree stores are owned and operated by Dollar Tree, Inc., a publicly traded U.S. company. There are no franchised locations.
Who owns Family Dollar stores?
As of 2025, Family Dollar is owned by Brigade Capital Management and Macellum Capital Management, private equity firms that acquired the brand from Dollar Tree for approximately $1.007 billion.
Who owns Family Dollar?
Post-2025, Family Dollar is no longer owned by Dollar Tree. It is now under the ownership of Brigade Capital and Macellum Capital.
Did Dollar Tree sell Family?
Yes, in March 2025, Dollar Tree announced the sale of Family Dollar to private equity firms for about $1.007 billion. The deal included most of Family Dollar’s store portfolio and marked Dollar Tree’s exit from that segment.
Who owns Dollar General company?
Dollar General is a separate, publicly traded company listed on the NYSE under the ticker symbol DG. It is primarily owned by institutional investors like Vanguard, BlackRock, and Capital Research.
Who owns Dollar Family?
There is no brand called “Dollar Family” owned by Dollar Tree, Dollar General, or any other major U.S. dollar store chain. It may be a misunderstanding or confusion with Family Dollar, which is now owned by private equity firms as of 2025.
Who is the founder of Dollar Tree?
Dollar Tree was founded by Macon Brock, Doug Perry, and Ray Compton. The company started as a small retail chain in the 1980s.
Is Dollar Tree privately owned?
No, Dollar Tree is a publicly traded company listed on the NASDAQ under the ticker symbol DLTR.
How much is Dollar Tree worth?
As of 2025, Dollar Tree’s market capitalization is between $25 billion and $30 billion. Annual revenues exceed $30 billion.