AMRZ Amrize Ltd Ordinary Shares
$45.69
Price · Aug 19, 2026
Fundamentals as of Aug 10, 2026
52W Range
$44–$66
6% of range
Analyst Rating
BUY
27 analysts
Price Target
$59
+28% upside
P/E (TTM)
21.9
ROE
10.2%
Net Profit Margin
10.0%
AMRZ Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$45.69
Market Cap
$25.91B
P/E (TTM)
21.9
EPS (TTM)
$2.14
Revenue (TTM)
$11.81B
Div Yield
—
ROE
10.2%
Debt/Equity
—
52W Range
$44 – $66
AMRZ Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$11.81B
2023-12-31
→
2025-12-31
EPS
$2.14
2023-12-31
→
2025-12-31
Free Cash Flow
$1.42B
2025-12-31
→
2025-12-31
Margins
10.0%
2025-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
AMRZ
Peer Median
P/E (TTM)
21.9
24.2
P/S (TTM)
2.2
2.5
P/B
2.0
5.0
Price / FCF
18.2
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
AMRZ
Peer Median
Gross Margin
25.7%
27.9%
Operating Margin
16.1%
—
Net Profit Margin
10.0%
13.5%
ROA
4.9%
9.5%
ROE
10.2%
17.2%
ROIC
11.2%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
AMRZ
Peer Median
Current Ratio
1.6
2.7
Quick Ratio
0.7
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
AMRZ
Peer Median
Revenue YoY
0.95%
—
EPS YoY
-7.0%
—
Net Income YoY
-7.0%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
AMRZ
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| May 12, 2026 | $0.1100 |
| April 24, 2026 | $0.4400 |
AMRZ Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
27 analysts
- Strong Buy 6 22.2%
- Buy 13 48.1%
- Hold 8 29.6%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
19 analysts · 2026-08-16
Median
$58.00
← Below all targets
$45.69
Low
$48.00
High
$70.00
Median target
$58.00
+26.9%
Mean target
$58.53
+28.1%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.14%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.88 | $0.96 | -0.08% |
| March 31, 2026 | $-0.21 | $-0.14 | -0.07% |
| Dec. 31, 2025 | $0.54 | $0.66 | -0.12% |
| Sept. 30, 2025 | $0.98 | $1.04 | -0.06% |
| June 30, 2025 | $0.78 | $1.17 | -0.39% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| AMRZ | $29.91B | 25.3 | 0.95% | 10.0% | 10.2% | 25.7% |
| VMC | $37.25B | 35.2 | 7.1% | 13.6% | 12.9% | 27.4% |
| MLM | $37.55B | 33.2 | 8.6% | 18.5% | 11.7% | 30.7% |
| EXP | $5.92B | 14.4 | 2.1% | 18.4% | 28.1% | 28.3% |
| KNF | $3.99B | 25.5 | 8.5% | 5.0% | 10.1% | 18.4% |
| USLM | — | 25.6 | 17.3% | 36.0% | 22.5% | 48.9% |
| KNF | $3.99B | 25.5 | 8.5% | 5.0% | 10.1% | 18.4% |
| RMIX | — | — | — | — | — | — |
| SMID | $193M | 15.4 | 19.0% | 13.4% | 24.1% | 27.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue | $11.81B | $11.70B | $11.68B | |
| Cost of Revenue | $8.78B | $8.63B | $8.91B | |
| Gross Profit | $3.03B | $3.07B | $2.77B | |
| SG&A Expense | $1.13B | $944M | $898M | |
| Operating Income | $1.91B | $2.19B | $1.89B | |
| Interest Income | $48M | $35M | $15M | |
| Other Non-op | $4M | $-55M | $-36M | |
| Pretax Income | $1.50B | $1.63B | $1.30B | |
| Income Tax | $326M | $368M | $361M | |
| Net Income | $1.19B | $1.27B | $956M | |
| EPS (Basic) | $2.14 | $2.30 | $1.73 | |
| EPS (Diluted) | $2.14 | $2.30 | $1.73 | |
| Shares (Basic) | 553,100,000 | 553,100,000 | 553,100,000 | |
| Shares (Diluted) | 553,600,000 | 553,100,000 | 553,100,000 | |
| EBITDA | $2.66B | · | · |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Cash & Equivalents | $1.92B | $1.58B | · | |
| Inventory | $1.49B | $1.45B | · | |
| Prepaid Expense | $88M | $143M | · | |
| Other Current Assets | · | $20M | · | |
| Current Assets | $4.61B | $4.78B | · | |
| Goodwill | $9.04B | $8.92B | $8.97B | |
| Intangibles | $1.73B | $1.83B | · | |
| Other Non-current Assets | $273M | $194M | · | |
| Total Assets | $24.21B | $23.80B | · | |
| Accounts Payable | $1.53B | · | · | |
| Short-term Debt | $0 | $0 | · | |
| Current Liabilities | $2.88B | $2.55B | · | |
| Capital Leases | $500M | $386M | · | |
| Deferred Tax | $1.04B | $936M | · | |
| Other Non-current Liabilities | $1.73B | $1.52B | · | |
| Total Liabilities | $11.09B | $13.89B | · | |
| Long-term Debt | $5.27B | · | · | |
| Common Stock | $6M | $0 | · | |
| Paid-in Capital | $12.57B | $0 | · | |
| Retained Earnings | $930M | $0 | · | |
| Treasury Stock | $0 | $0 | · | |
| AOCI | $-380M | $-606M | · | |
| Stockholders' Equity | $13.12B | $9.91B | · | |
| Liabilities + Equity | $24.21B | $23.80B | · | |
| Shares Outstanding | 553,082,525 | 0 | 0 |
Cash Flow 12
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| D&A | $758M | $736M | $689M | |
| Stock-based Comp | $14M | $6M | $5M | |
| Deferred Tax | $78M | $-35M | $11M | |
| Amort. of Intangibles | $142M | $139M | $162M | |
| Other Non-cash | $173M | · | · | |
| Operating Cash Flow | $2.21B | $2.28B | $2.04B | |
| CapEx | $788M | $642M | $630M | |
| Investing Cash Flow | $-361M | $-1.21B | $-2.02B | |
| Financing Cash Flow | $-1.55B | $-537M | $734M | |
| Net Change in Cash | $337M | $478M | $756M | |
| Taxes Paid | $369M | $302M | $211M | |
| Free Cash Flow | $1.42B | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Gross Margin | 25.7% | · | · | |
| Operating Margin | 16.1% | · | · | |
| Net Margin | 10.0% | · | · | |
| Pretax Margin | 12.7% | · | · | |
| EBITDA Margin | 22.6% | · | · | |
| ROA | 4.9% | · | · | |
| ROE | 10.2% | · | · | |
| ROIC | 11.2% | · | · |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Current Ratio | 1.6 | · | · | |
| Quick Ratio | 0.7 | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Asset Turnover | 0.5 | · | · | |
| Inventory Turnover | 5.8 | · | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue YoY | 0.95% | 0.23% | · | |
| EPS YoY | -7.0% | 33.0% | · | |
| Net Income YoY | -7.0% | 33.3% | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue TTM | $11.81B | · | · | |
| Net Income TTM | $1.19B | · | · | |
| Market Cap | $29.91B | · | · | |
| P/E | 25.3 | · | · | |
| P/S | 2.5 | · | · | |
| P/B | 2.3 | · | · | |
| P / Tangible Book | 11.9 | · | · | |
| P / Cash Flow | 13.5 | · | · | |
| P / FCF | 21.1 | · | · | |
| Earnings Yield | 4.0% | · | · |
Income Statement 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.49B | $2.18B | $2.84B | $3.67B | $3.22B | $2.09B | $2.85B | $3.45B | $3.24B | |
| Cost of Revenue | $2.50B | $1.97B | $2.08B | $2.59B | $2.28B | $1.85B | $2.07B | $2.40B | $2.26B | |
| Gross Profit | $993M | $208M | $760M | $1.09B | $941M | $237M | $777M | $1.04B | $979M | |
| SG&A Expense | $283M | $285M | $278M | $312M | $286M | $243M | $262M | $241M | $228M | |
| Operating Income | $711M | $-72M | $475M | $778M | $657M | $-5M | $537M | $844M | $754M | |
| Interest Income | $5M | $8M | $7M | $5M | $22M | $14M | $13M | $7M | $4M | |
| Other Non-op | $-1M | $2M | $2M | $0 | $1M | $1M | $-48M | $-11M | $0 | |
| Pretax Income | $621M | $-148M | $392M | $689M | $537M | $-122M | $361M | $703M | $620M | |
| Income Tax | $146M | $-41M | $100M | $150M | $122M | $-28M | $75M | $155M | $149M | |
| Net Income | $478M | $-105M | $298M | $545M | $417M | $-94M | $291M | $553M | $474M | |
| EPS (Basic) | $0.87 | $-0.19 | $0.54 | $0.99 | $0.75 | $-0.17 | $0.52 | $1.00 | $0.86 | |
| EPS (Diluted) | $0.86 | $-0.19 | $0.54 | $0.98 | $0.75 | $-0.17 | $0.52 | $1.00 | $0.86 | |
| Shares (Basic) | 552,500,000 | 553,200,000 | 0 | 553,100,000 | 553,100,000 | 553,100,000 | 0 | 553,100,000 | 553,100,000 | |
| Shares (Diluted) | 553,600,000 | 553,200,000 | 200,000 | 553,900,000 | 553,100,000 | 553,100,000 | 0 | 553,100,000 | 553,100,000 | |
| EBITDA | $928M | $122M | · | $970M | $851M | · | · | · | · |
Balance Sheet 26
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $729M | $1.10B | $1.92B | $826M | $601M | · | $1.58B | · | · | |
| Inventory | $1.55B | $1.57B | $1.55B | $1.51B | $1.64B | · | $1.45B | · | · | |
| Prepaid Expense | $245M | $260M | $88M | $186M | $192M | · | $143M | · | · | |
| Other Current Assets | · | · | · | $11M | · | · | · | · | · | |
| Current Assets | $4.58B | $4.28B | $4.68B | $4.57B | $4.33B | · | $4.78B | · | · | |
| Goodwill | $9.04B | $9.07B | $9.02B | $8.99B | $9.03B | · | $8.92B | · | · | |
| Intangibles | $1.68B | $1.70B | $1.73B | $1.76B | $1.80B | · | $1.83B | · | · | |
| Other Non-current Assets | $238M | $242M | $277M | $257M | $242M | · | $194M | · | · | |
| Total Assets | $24.60B | $24.27B | $24.25B | $24.04B | $23.78B | · | $23.80B | · | · | |
| Accounts Payable | $1.35B | $1.02B | · | · | · | · | · | · | · | |
| Short-term Debt | $735M | $777M | · | $547M | $931M | · | · | · | · | |
| Current Liabilities | $4.15B | $3.05B | $2.86B | $3.15B | $3.14B | · | $2.55B | · | · | |
| Capital Leases | $497M | $492M | $500M | $501M | $454M | · | $386M | · | · | |
| Deferred Tax | $1.15B | $1.10B | $1.05B | $946M | $928M | · | $936M | · | · | |
| Other Non-current Liabilities | $1.71B | $1.59B | $1.65B | $1.61B | $1.56B | · | $1.52B | · | · | |
| Total Liabilities | $11.74B | $11.18B | $10.99B | $11.14B | $11.35B | · | $13.89B | · | · | |
| Long-term Debt | $5.27B | $5.27B | · | · | · | · | · | · | · | |
| Total Debt | $6.00B | $6.05B | · | $547M | $931M | · | · | · | · | |
| Common Stock | $6M | $6M | $6M | $6M | $6M | · | $0 | · | · | |
| Paid-in Capital | $12.59B | $12.75B | $12.74B | $12.73B | $12.73B | · | $0 | · | · | |
| Retained Earnings | $997M | $785M | $902M | $601M | $59M | · | $0 | · | · | |
| Treasury Stock | $194M | $0 | $0 | $0 | $0 | · | $0 | · | · | |
| AOCI | $-533M | $-444M | $-391M | $-440M | $-361M | · | $-606M | · | · | |
| Stockholders' Equity | $12.87B | $13.09B | $13.26B | $12.90B | $12.43B | · | $9.91B | · | · | |
| Liabilities + Equity | $24.60B | $24.27B | $24.25B | $24.04B | $23.78B | · | $23.80B | · | · | |
| Shares Outstanding | 549,779,621 | 553,515,402 | 553,082,525 | 553,082,069 | 553,082,069 | · | · | · | · |
Cash Flow 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $217M | $198M | $203M | $192M | $187M | $181M | $194M | $189M | $182M | |
| Stock-based Comp | $11M | $9M | $8M | $3M | $2M | $1M | $1M | $1M | · | |
| Deferred Tax | $44M | $-20M | $66M | $23M | $-11M | $6M | $-35M | $2M | · | |
| Amort. of Intangibles | $37M | $35M | $37M | $36M | $35M | $34M | $27M | $36M | $39M | |
| Other Non-cash | · | $-970M | · | · | · | · | · | · | · | |
| Operating Cash Flow | $421M | $-893M | $1.80B | $854M | $406M | $-847M | $1.73B | $623M | · | |
| CapEx | $248M | $275M | $157M | $185M | $235M | $213M | $84M | $221M | · | |
| Investing Cash Flow | $-237M | $-662M | $-150M | $-202M | $51M | $-62M | $-352M | $-425M | · | |
| Financing Cash Flow | $-555M | $743M | $-577M | $-419M | $-462M | $-104M | $-163M | $-143M | · | |
| Net Change in Cash | $-370M | $-823M | $1.10B | $225M | $27M | $-1.01B | $1.17B | $60M | · | |
| Taxes Paid | $53M | $147M | $19M | $81M | $62M | $207M | $7M | $113M | · | |
| Free Cash Flow | · | $-1.17B | · | · | · | · | · | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.4% | 9.7% | · | 29.5% | 30.0% | · | · | · | · | |
| Operating Margin | 20.3% | -3.5% | · | 21.2% | 20.8% | · | · | · | · | |
| Net Margin | 13.7% | -5.3% | · | 14.8% | 13.3% | · | · | · | · | |
| Pretax Margin | 17.8% | -6.7% | · | 18.8% | 17.1% | · | · | · | · | |
| EBITDA Margin | 26.6% | 5.6% | · | 26.4% | 26.4% | · | · | · | · | |
| ROA | 2.0% | -0.96% | · | 4.5% | 3.6% | · | · | · | · | |
| ROE | 3.8% | -1.8% | · | 8.5% | 6.9% | · | · | · | · | |
| ROIC | 2.9% | -0.32% | · | 4.5% | 3.9% | · | · | · | · |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.4 | · | 1.4 | 1.4 | · | · | · | · | |
| Quick Ratio | 0.2 | 0.4 | · | 0.3 | 0.2 | · | · | · | · | |
| Debt / Equity | 0.5 | 0.5 | · | 0.0 | 0.1 | · | · | · | · | |
| LT Debt / Equity | 0.3 | 0.4 | · | · | · | · | · | · | · |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.2 | · | 0.3 | 0.3 | · | · | · | · | |
| Inventory Turnover | 1.6 | 2.5 | · | 3.4 | 2.7 | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $12.57B | $11.15B | · | · | · | · | · | · | · | |
| Net Income TTM | $1.33B | $771M | · | · | · | · | · | · | · | |
| Market Cap | $29.30B | $31.01B | · | $26.84B | $27.41B | · | · | · | · | |
| Enterprise Value | $34.58B | $35.95B | · | $26.56B | $27.74B | · | · | · | · | |
| P/E | 22.2 | 40.3 | · | · | · | · | · | · | · | |
| P/S | 2.3 | 2.8 | · | · | · | · | · | · | · | |
| P/B | 2.3 | 2.4 | · | 2.1 | 2.2 | · | · | · | · | |
| P / Tangible Book | 13.7 | 13.4 | · | 12.5 | 17.0 | · | · | · | · | |
| P / Cash Flow | · | -34.6 | · | · | · | · | · | · | · | |
| P / FCF | · | -26.5 | · | · | · | · | · | · | · | |
| EV / EBITDA | 37.3 | 294.7 | · | 27.4 | 32.6 | · | · | · | · | |
| EV / FCF | · | -30.8 | · | · | · | · | · | · | · | |
| EV / Revenue | 2.8 | 3.2 | · | · | · | · | · | · | · | |
| Earnings Yield | 4.5% | 2.5% | · | · | · | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|
| Revenue | $11.81B | $11.70B | $11.68B |
| Gross Margin % | 25.7% | — | — |
| Operating Margin % | 16.1% | — | — |
| Net Income | $1.19B | $1.27B | $956M |
| Diluted EPS | $2.14 | $2.30 | $1.73 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|
| Current Ratio | 1.6 | — | — |
| Quick Ratio | 0.7 | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|
| Free Cash Flow | $1.42B | — | — |
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Institutional owners (13F) 494 filers · $9.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 79 (-45 vs prior Q) | 51 (+7 vs prior Q) | 210 (+36 vs prior Q) | 132 (+19 vs prior Q) | +11.9M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $1,206,521,502 | 22,253,250 | 12.63% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $1,129,795,756 | 21,330,317 | 11.83% | Shares |
| NORGES BANK | $745,554,980 | 14,067,218 | 7.81% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $575,850,977 | 10,847,973 | 6.03% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $389,429,909 | 7,345,718 | 4.08% | Shares |
| Pictet Asset Management Holding SA | $311,782,276 | 5,872,638 | 3.26% | Shares |
| STATE STREET CORP | $280,767,770 | 5,267,688 | 2.94% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $267,677,000 | 5,048,483 | 2.80% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $245,068,229 | 4,597,903 | 2.57% | Shares |
| AMERICAN CENTURY COMPANIES INC | $230,350,592 | 4,321,831 | 2.41% | Shares |
| River Road Asset Management, LLC | $177,578,224 | 3,331,674 | 1.86% | Shares |
| First Pacific Advisors, LP | $169,351,423 | 3,177,325 | 1.77% | Shares |
| FIRST MANHATTAN CO. LLC. | $167,617,200 | 3,144,788 | 1.76% | Shares |
| FMR LLC | $122,281,981 | 2,306,662 | 1.28% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $119,437,834 | 2,249,989 | 1.25% | Shares |
| D1 Capital Partners L.P. | $116,593,057 | 2,187,487 | 1.22% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $103,493,659 | 1,957,406 | 1.08% | Shares |
| Bank Julius Baer & Co. Ltd, Zurich | $102,550,519 | 1,932,424 | 1.07% | Shares |
| LOCUST WOOD CAPITAL ADVISERS, LLC | $100,801,760 | 1,891,215 | 1.06% | Shares |
| BARCLAYS PLC | $90,989,443 | 1,707,119 | 0.95% | Shares |
| 1832 Asset Management L.P. | $87,572,433 | 1,643,010 | 0.92% | Shares |
| Gates Capital Management, Inc. | $84,253,868 | 1,580,748 | 0.88% | Shares |
| National Pension Service | $79,578,073 | 1,493,022 | 0.83% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $77,849,074 | 1,460,583 | 0.82% | Shares |
| Swiss National Bank | $74,831,814 | 1,403,974 | 0.78% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $73,971,132 | 1,388,033 | 0.77% | Shares |
| Permian Investment Partners, LP | $70,018,238 | 1,313,663 | 0.73% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $59,190,457 | 1,110,994 | 0.62% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $57,830,500 | 1,085,000 | 0.61% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $57,679,714 | 1,082,171 | 0.60% | Shares |
| CAMBIAR INVESTORS LLC | $56,537,709 | 1,060,745 | 0.59% | Shares |
| SHAPIRO CAPITAL MANAGEMENT LLC | $55,179,912 | 1,035,270 | 0.58% | Shares |
| DJE Kapital AG | $55,133,483 | 1,033,258 | 0.58% | Shares |
| SIH Partners, LLLP | $50,828,426 | 953,629 | 0.53% | Shares |
| Qube Research & Technologies Ltd | $49,969,858 | 937,749 | 0.52% | Shares |
| Banque Cantonale Vaudoise | $49,771,000 | 937,571 | 0.52% | Shares |
| LAKEWOOD CAPITAL MANAGEMENT, LP | $47,341,060 | 888,200 | 0.50% | Shares |
| COOPERMAN LEON G | $46,904,000 | 880,000 | 0.49% | Shares |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | $45,729,801 | 857,970 | 0.48% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $44,710,279 | 838,842 | 0.47% | Shares |
| FIL Ltd | $42,074,310 | 789,588 | 0.44% | Shares |
| FRANKLIN RESOURCES INC | $37,521,601 | 703,970 | 0.39% | Shares |
| Vontobel Holding Ltd. | $35,718,348 | 674,276 | 0.37% | Shares |
| CITADEL ADVISORS LLC | $34,687,000 | 650,788 | 0.36% | Shares |
| Robeco Institutional Asset Management B.V. | $31,967,052 | 599,757 | 0.33% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $30,788,928 | 549,606 | 0.32% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $30,770,676 | 577,311 | 0.32% | Shares |
| ALLIANCEBERNSTEIN L.P. | $30,735,653 | 548,655 | 0.32% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $30,578,210 | 573,700 | 0.32% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $30,432,381 | 570,964 | 0.32% | Shares |
| TWO SIGMA ADVISERS, LP | $30,407,453 | 562,268 | 0.32% | Shares |
| Artisan Partners Limited Partnership | $27,979,409 | 524,942 | 0.29% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $27,584,242 | 517,528 | 0.29% | Shares |
| RAYMOND JAMES FINANCIAL INC | $26,999,602 | 506,559 | 0.28% | Shares |
| TWO SIGMA INVESTMENTS, LP | $26,462,970 | 496,491 | 0.28% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $25,191,392 | 472,634 | 0.26% | Shares |
| WILSON ASSET MANAGEMENT (INTERNATIONAL) PTY LTD | $24,178,532 | 453,631 | 0.25% | Shares |
| HARRIS ASSOCIATES L P | $23,745,150 | 445,500 | 0.25% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $19,912,400 | 373,591 | 0.21% | Shares |
| GOLDMAN SACHS GROUP INC | $19,161,723 | 359,507 | 0.20% | Shares |
| DDD Partners, LLC | $18,627,444 | 349,483 | 0.20% | Shares |
| Vanguard Global Advisers, LLC | $18,554,742 | 349,448 | 0.19% | Shares |
| Russell Investments Group, Ltd. | $18,374,101 | 344,731 | 0.19% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $17,706,996 | 332,214 | 0.19% | Shares |
| CLARK ESTATES INC/NY | $17,322,500 | 325,000 | 0.18% | Shares |
| Korea Investment CORP | $16,999,449 | 318,939 | 0.18% | Shares |
| Alpha Wave Global, LP | $16,805,437 | 315,299 | 0.18% | Shares |
| AVIVA PLC | $15,419,048 | 289,488 | 0.16% | Shares |
| UBS Group AG | $15,218,483 | 285,525 | 0.16% | Call option |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | $14,972,076 | 280,902 | 0.16% | Shares |
| ASSETMARK, INC | $14,946,307 | 280,419 | 0.16% | Shares |
| LOOMIS SAYLES & CO L P | $14,863,883 | 278,872 | 0.16% | Shares |
| Alecta Tjanstepension Omsesidigt | $14,593,932 | 274,013 | 0.15% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $14,033,890 | 263,300 | 0.15% | Put option |
| STATE OF WISCONSIN INVESTMENT BOARD | $13,774,319 | 258,430 | 0.14% | Shares |
| MILLENNIUM MANAGEMENT LLC | $13,730,080 | 257,600 | 0.14% | Shares |
| Vanguard Investments Australia, Ltd. | $13,450,201 | 252,487 | 0.14% | Shares |
| QVIDTVM Management LLC | $13,185,940 | 247,391 | 0.14% | Shares |
| Allied Investment Advisors, LLC | $12,815,932 | 240,449 | 0.13% | Shares |
| Alberta Investment Management Corp | $12,514,840 | 234,800 | 0.13% | Shares |
| GAM Holding AG | $12,113,657 | 228,199 | 0.13% | Shares |
| GOLDMAN SACHS GROUP INC | $11,817,744 | 221,721 | 0.12% | Put option |
| BANK OF AMERICA CORP /DE/ | $11,738,899 | 220,242 | 0.12% | Shares |
| Mitsubishi UFJ Trust & Banking Corp | $11,580,811 | 217,276 | 0.12% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $11,515,571 | 216,052 | 0.12% | Shares |
| JANE STREET GROUP, LLC | $11,123,710 | 208,700 | 0.12% | Put option |
| FIRST SABREPOINT CAPITAL MANAGEMENT LP | $10,660,000 | 200,000 | 0.11% | Shares |
| Asset Management One Co., Ltd. | $10,269,306 | 183,315 | 0.11% | Shares |
| KLP KAPITALFORVALTNING AS | $10,103,068 | 189,551 | 0.11% | Shares |
| MORGAN STANLEY | $9,622,784 | 180,540 | 0.10% | Shares |
| NISSAY ASSET MANAGEMENT CORP /JAPAN | $9,240,461 | 173,367 | 0.10% | Shares |
| Pictet North America Advisors SA | $9,126,528 | 171,927 | 0.10% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $8,866,189 | 166,345 | 0.09% | Shares |
| Clearbridge Investments, LLC | $8,849,162 | 166,026 | 0.09% | Shares |
| LPL Financial LLC | $8,792,315 | 164,959 | 0.09% | Shares |
| State of New Jersey Common Pension Fund D | $8,714,070 | 163,491 | 0.09% | Shares |
| Bryn Mawr Trust Advisors, LLC | $8,280,373 | 155,354 | 0.09% | Shares |
| JANE STREET GROUP, LLC | $8,222,751 | 154,273 | 0.09% | Shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | $8,193,010 | 154,794 | 0.09% | Shares |
| OAK FAMILY ADVISORS, LLC | $7,939,408 | 148,957 | 0.08% | Shares |
Company insiders 10 insiders · 2 officers · 1 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Samuel Jonas Poletti | Chief Strategy & M&A Officer | Aug. 17, 2026 P | 10,155 | 1 | 0 | $117,769 |
| Nollaig Forrest | Chief Mktg & Corp Affairs Off | May 22, 2026 P | 20,139 | 1 | 0 | $100,500 |
| Holli C. Ladhani | Director | April 21, 2026 A | 5,194 | 0 | 0 | $0 |
| Holcim Ltd. | 10% owner | June 23, 2025 J | 0 | 0 | 0 | $0 |
| Baris Oran | — | Aug. 12, 2026 P | 6,000 | 2 | 0 | $283,530 |
| Jaime Hill | — | Aug. 11, 2026 P | 29,698 | 1 | 0 | $70,680 |
| Mario Gross | — | Aug. 11, 2026 P | 38,485 | 2 | 0 | $166,252 |
| Roald Brouwer | — | Aug. 11, 2026 P | 21,490 | 1 | 0 | $69,540 |
| Stephen S Clark | — | Aug. 11, 2026 P | 10,637 | 1 | 0 | $248,851 |
| Donald P Newman | — | April 21, 2026 A | 2,976 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Thomas Schmidheiny, Schweizerische Cement-Industrie-Aktiengesellschaft, Cimcap AG | June 27, 2025 | 6.67% | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 35 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| CAMX · ADVISORS' INNER CIRCLE FUND | 3.65% | 44,870 NS | April 30, 2026 | N-PORT |
| FLV · AMERICAN CENTURY ETF TRUST | 2.00% | 129,490 NS | May 31, 2026 | N-PORT |
| PAVE · Global X Funds | 1.63% | 4,054,581 NS | May 31, 2026 | N-PORT |
| DFIC · Dimensional ETF Trust | 0.06% | 150,785 NS | April 30, 2026 | N-PORT |
| DFIV · Dimensional ETF Trust | 0.06% | 203,265 NS | April 30, 2026 | N-PORT |
| DFAX · Dimensional ETF Trust | 0.05% | 97,429 NS | April 30, 2026 | N-PORT |
| GXLC · Global X Funds | 0.04% | 36 NS | May 31, 2026 | N-PORT |
| ONOF · Global X Funds | 0.04% | 946 NS | May 31, 2026 | N-PORT |
| DFAI · Dimensional ETF Trust | 0.02% | 53,260 NS | April 30, 2026 | N-PORT |
| DXIV · Dimensional ETF Trust | 0.00% | 72 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 2,216 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VXUS · VANGUARD STAR FUNDS | — | — | July 15, 2026 | Daily |
| VGK · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VEU · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VEA · VANGUARD TAX-MANAGED FUNDS | — | — | July 15, 2026 | Daily |
| ITOT · iShares Trust | — | — | Aug. 3, 2026 | Daily |
| IGE · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IFRA · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| PKB · Invesco Exchange-Traded Fund Trust | — | — | July 28, 2026 | Daily |
| CZA · Invesco Exchange-Traded Fund Trust | — | — | Aug. 11, 2026 | Daily |
| PXF · Invesco Exchange-Traded Fund Trust … | — | — | July 13, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | — | — | Aug. 18, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | — | — | Aug. 11, 2026 | Daily |
| BSCU · Invesco Exchange-Traded Self-Indexe… | — | — | Aug. 11, 2026 | Daily |
| IMFL · Invesco Exchange-Traded Self-Indexe… | — | — | July 13, 2026 | Daily |
| VAW · VANGUARD WORLD FUND | — | — | July 20, 2026 | Daily |
| EUSA · iShares, Inc. | — | — | Aug. 7, 2026 | Daily |
| URTH · iShares, Inc. | — | — | Aug. 18, 2026 | Daily |
| IYY · iShares Trust | — | — | Aug. 7, 2026 | Daily |
| TOK · iShares Trust | — | — | July 20, 2026 | Daily |
| ACWI · iShares Trust | — | — | Aug. 4, 2026 | Daily |
| SIZE · iShares Trust | — | — | Aug. 7, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | — | — | July 20, 2026 | Daily |