OGN Organon & Co. Common Stock

NYSE · Pharmaceuticals · View on SEC EDGAR ↗
$13.72
Price · Aug 19, 2026
Fundamentals as of Jul 31, 2026

About Organon & Co. Common Stock Company overview from Wikipedia

Organon & Co. is an American pharmaceutical company originally founded in Oss, The Netherlands and now headquartered in Jersey City, New Jersey. Organon specializes in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, hormone replacement therapy (HRT), and anesthesia. Organon produces all its products outside of the United States but receives a third of its revenue from the United States.

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Organon & Co. is an American pharmaceutical company originally founded in Oss, The Netherlands and now headquartered in Jersey City, New Jersey. Organon specializes in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, hormone replacement therapy (HRT), and anesthesia. Organon produces all its products outside of the United States but receives a third of its revenue from the United States.

History

Organon was founded in 1923 as a partnership between Professor Ernst Laqueur, a physiologist/endocrinologist of the University of Amsterdam, and Saal van Zwanenberg who owned a slaughterhouse, Zwanenbergs Slachterije en Fabrieken, in Oss in Northern Brabant. The company's first product was insulin in 1923. In the 1930s it manufactured estrogens, in particular estrone under the trade name Menformon.

In 1948, Organon acquired the Newhouse research site in Scotland, United Kingdom. The production of cortisone was initiated in 1953.

In 1962, the company bought the stock of the Nederlandsche Cocaïnefabriek, and the company name was changed to Koninklijke Zwanenberg-Organon (KZO). It merged with the fibre producer AKU in 1969 to become AKZO, later Akzo Nobel. Organon was the human health care business unit of Akzo Nobel. In 2004, Organon acquired active-pharmaceutical-ingredient producer Diosynth.

Organon was initially located in West Orange, New Jersey. In November 2007, Schering-Plough acquired Organon BioSciences and the veterinary pharmaceutical company Intervet from Akzo Nobel. Schering-Plough transferred Organon to its headquarters in Jersey City, New Jersey. Two years later, Schering-Plough merged with Merck & Co., known as Merck Sharp & Dohme or MSD outside the United States and Canada.

In May 2020, Merck & Co. announced that Organon & Co. would be the name of "the pending spin-off of its women’s health, legacy products, and biosimilars businesses, which the company says is on track to be completed by the end of the first half in 2021." Merck completed the spinoff and Organon & Co. became a publicly traded company on June 3, 2021. A copy of the Information Statement sent to Merck shareholders was filed with the U.S. SEC on April 20, 2021, in a Form 10-12B/A, Exhibit 99.1

In November 2021, the business announced it would acquire Forendo Pharma and its lead compound, a potentially first-in-class oral 17β-hydroxysteroid dehydrogenase type 1 inhibitor.

In April 2026, India based Sun Pharma acquired Organon & Co. at $11.75 billion.

Products

Organon's products are divided into three main categories: women's health (27% of revenue), biosimilars (8% of revenue), and established brands (64% of revenue). Women's health products are mainly contraceptives such as Nexplanon, a three-year reversible contraceptive implant, and fertility drugs such as Puregon, a follicle-stimulating hormone drug.

Biosimilars provide treatment for oncology and immunology at potentially lower cost than other FDA approved treatments. Organon makes the biosimilar Hadlima which it compares to Humira. Their established brands are heavily reliant on sales outside the United States of drugs with generic competition. The cardiovascular products such as Vytorin make a combined 24% of the company revenue.(Revenue figures are from 2022.)

Research compounds

During its period of independent operation, Organon developed a large number of compounds which were never adopted for medical use, but continue to be used for a variety of scientific research. Notable compounds include:

Org 12962

Org 20599

Org 21465

Org 25435

Org 25935

Org 26576

Org 27569

Org 28312

Org 28611

Org 37684

Medicaid fraud

In 2007, whistleblower lawsuits were filed against Organon in federal courts in Massachusetts and Texas. Organon was accused of selling its anti-depression medication Remeron at a discount to nursing home pharmacies in order to encourage use, yet filing claims to Medicaid for reimbursement at the full, undiscounted price. Organon agreed to settle the case for $31 million in October 2014.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

OGN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$13.72
Market Cap
$3.57B
P/E (TTM)
19.1
EPS (TTM)
$0.72
Revenue (TTM)
$6.22B
Div Yield
2.5%
ROE
25.2%
Debt/Equity
11.5
52W Range
$6 – $14

OGN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $6.22B
7-point trend, -20.1%
2019-12-31 2025-12-31
EPS $0.72
7-point trend, -94.3%
2019-12-31 2025-12-31
Free Cash Flow $538M
5-point trend, -72.7%
2021-12-31 2025-12-31
Margins 3.0%
2-point trend, -8.1%
2024-12-31 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
OGN
Peer Median
P/E (TTM)
5-point trend, +73.7%
19.1
38.7
P/S (TTM)
4-point trend, -75.5%
0.6
9.5
P/B
4-point trend, +148.5%
4.7
3.8
Price / FCF
4-point trend, -11.6%
6.6

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
OGN
Peer Median
Gross Margin
2-point trend, -8.1%
53.3%
82.0%
Net Profit Margin
5-point trend, -86.0%
3.0%
15.3%
ROA
4-point trend, -88.9%
1.4%
-6.4%
ROE
4-point trend, +129.1%
25.2%
-16.8%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
OGN
Peer Median
Debt / Equity
4-point trend, +289.4%
11.5
Current Ratio
4-point trend, +25.8%
1.8
12.8
Quick Ratio
4-point trend, -2.3%
0.8

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
OGN
Peer Median
Revenue YoY
5-point trend, -1.4%
-2.9%
Revenue CAGR 3Y
5-point trend, -1.4%
0.23%
Revenue CAGR 5Y
5-point trend, -1.4%
-0.99%
EPS YoY
5-point trend, -86.4%
-78.4%
Net Income YoY
5-point trend, -86.2%
-78.4%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
OGN
Peer Median
EPS (Diluted)
5-point trend, -86.4%
$0.72

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
OGN
Peer Median
Payout Ratio
5-point trend, +338.6%
47.1%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
2.5%
Payout Ratio
47.1%
5Y Div CAGR
Ex-dateAmount
Aug. 14, 2026$0.0200
May 11, 2026$0.0200
Feb. 23, 2026$0.0200
Nov. 20, 2025$0.0200
Aug. 15, 2025$0.0200
May 12, 2025$0.0200
Feb. 24, 2025$0.2800
Nov. 12, 2024$0.2800
Aug. 16, 2024$0.2800
May 10, 2024$0.2800
Feb. 23, 2024$0.2800
Nov. 10, 2023$0.2800
Aug. 17, 2023$0.2800
May 12, 2023$0.2800
Feb. 24, 2023$0.2800
Nov. 10, 2022$0.2800
Aug. 12, 2022$0.2800
May 13, 2022$0.2800
Feb. 25, 2022$0.2800
Nov. 19, 2021$0.2800

OGN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

SELL 13 analysts
  • Strong Buy 0 0.0%
  • Buy 0 0.0%
  • Hold 7 53.8%
  • Sell 5 38.5%
  • Strong Sell 1 7.7%

12-Month Price Target

4 analysts · 2026-08-19
Median target $11.50 -16.2%
Mean target $11.25 -18.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.01%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.85 $0.93 -0.08%
March 31, 2026 $0.71 $0.84 -0.13%
Dec. 31, 2025 $0.63 $0.73 -0.10%
Sept. 30, 2025 $1.01 $0.95 0.06%
June 30, 2025 $1.00 $0.96 0.04%
March 31, 2025 $1.02 $0.91 0.11%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
OGN $1.87B 10.0 -2.9% 3.0% 25.2% 53.3%
EWTX $2.64B -15.2 -30.2%
INDV 21.9 4.3% 17.0% -118.3% 80.2%
MANE 82.6%
ELVN $915M -8.4 -21.9%
GPCR $14.78B -86.9 -12.3%
MBX $1.42B -13.3 -29.6%
ALMS -3.4 -1011.8% -61.9%
AMLX $1.33B -7.9 -77.1% -61.2%
TARS $3.48B -51.5 146.7% -14.7% -19.7%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 13
Annual Income Statement data for OGN
Metric Trend 202520242023202220212020
Revenue 6-point trend, -4.8% $6.22B $6.40B $6.26B $6.17B $6.30B $6.53B
Cost of Revenue 6-point trend, +37.0% $2.90B $2.69B $2.52B $2.29B $2.38B $2.12B
Gross Profit 4-point trend, -14.6% $3.31B $3.71B $3.75B $3.88B · ·
R&D Expense 2-point trend, +111.0% · · · · $443M $210M
SG&A Expense 6-point trend, +26.9% $1.72B $1.76B $1.89B $1.70B $1.67B $1.36B
Interest Expense 6-point trend, +504000000.00 $504M $520M $527M $422M $258M $0
Pretax Income 6-point trend, -84.6% $425M $807M $673M $1.12B $1.53B $2.75B
Income Tax 6-point trend, -52.0% $238M $-57M $-350M $205M $178M $496M
Net Income 6-point trend, -91.3% $187M $864M $1.02B $917M $1.35B $2.16B
EPS (Basic) 6-point trend, -91.5% $0.72 $3.36 $4.01 $3.61 $5.33 $8.52
EPS (Diluted) 6-point trend, -91.5% $0.72 $3.33 $3.99 $3.59 $5.31 $8.52
Shares (Basic) 6-point trend, +2.4% 259,495,000 257,046,000 255,239,000 254,082,000 253,538,000 253,516,000
Shares (Diluted) 6-point trend, +2.9% 260,764,000 259,152,000 256,270,000 255,169,000 254,193,000 253,516,000
Balance Sheet 25
Annual Balance Sheet data for OGN
Metric Trend 202520242023202220212020
Cash & Equivalents 6-point trend, +4683.3% $574M $675M $693M $706M $737M $12M
Receivables 6-point trend, +28.2% $1.33B $1.36B $1.74B $1.48B $1.38B $1.04B
Inventory 6-point trend, +54.0% $1.41B $1.32B $1.31B $1.00B $915M $913M
Other Current Assets 6-point trend, +11.1% $1.03B $994M $756M $747M $726M $930M
Current Assets 6-point trend, +22.0% $4.35B $4.35B $4.51B $3.93B $3.76B $3.57B
PP&E (Net) 6-point trend, +32.4% $1.30B $1.17B $1.18B $1.02B $973M $984M
Accum. Depreciation 6-point trend, +51.1% $1.24B $1.06B $1.02B $902M $882M $820M
Goodwill 6-point trend, -9.8% $4.15B $4.68B $4.60B $4.60B $4.60B $4.60B
Intangibles 6-point trend, +124.7% $1.13B $1.41B $533M $649M $651M $503M
Total Assets 6-point trend, +27.3% $12.87B $13.10B $12.06B $10.96B $10.68B $10.11B
Accounts Payable 6-point trend, +267.6% $952M $1.15B $1.31B $1.13B $1.38B $259M
Current Liabilities 6-point trend, -10.6% $2.39B $2.72B $2.92B $2.51B $2.60B $2.67B
Capital Leases 6-point trend, +404.3% $116M $112M $125M $150M $184M $23M
Deferred Tax 6-point trend, -55.5% $57M $74M $47M $19M $4M $128M
Other Non-current Liabilities 6-point trend, -42.0% $1.01B $977M $412M $411M $463M $1.74B
Total Liabilities 4-point trend, +2.3% $12.12B $12.63B $12.13B $11.85B · ·
Long-term Debt 6-point trend, +8644000000.00 $8.64B $8.88B $8.76B $8.91B $9.13B $0
Total Debt 5-point trend, -5.5% $8.63B $20M $8.76B $8.91B $9.13B ·
Common Stock 6-point trend, +3000000.00 $3M $3M $3M $3M $3M $0
Paid-in Capital Flat — no change across 2 periods · · · · $0 $0
Retained Earnings 6-point trend, +1109000000.00 $1.11B $1.01B $443M $-331M $-998M $0
AOCI 6-point trend, +15.3% $-527M $-649M $-541M $-564M $-513M $-622M
Stockholders' Equity 6-point trend, -86.3% $752M $472M $-70M $-892M $-1.51B $5.49B
Liabilities + Equity 6-point trend, +27.3% $12.87B $13.10B $12.06B $10.96B $10.68B $10.11B
Shares Outstanding 5-point trend, +2.7% 260,316,000 257,799,000 255,626,000 254,370,000 253,550,000 ·
Cash Flow 15
Annual Cash Flow data for OGN
Metric Trend 202520242023202220212020
Stock-based Comp 6-point trend, +92.5% $77M $105M $101M $75M $59M $40M
Deferred Tax 6-point trend, +296.9% $63M $-160M $-485M $-18M $-288M $-32M
Amort. of Intangibles 6-point trend, +138.4% $205M $145M $116M $116M $103M $86M
Restructuring 6-point trend, +58.3% $95M $31M $62M $28M $3M $60M
Operating Cash Flow 6-point trend, -69.4% $700M $939M $799M $858M $2.16B $2.28B
CapEx 6-point trend, -36.5% $162M $175M $251M $196M $192M $255M
Investing Cash Flow 4-point trend, +7.1% $-390M $-513M $-260M $-420M · ·
Debt Issued 6-point trend, +1055000000.00 $1.05B $1.19B $80M $0 $9.47B $0
Net Debt Issued 5-point trend, -104.9% $-458M $-11M $-258M $-108M $9.36B ·
Dividends Paid 6-point trend, +88000000.00 $88M $297M $294M $290M $145M $0
Financing Cash Flow 4-point trend, -29.6% $-561M $-368M $-569M $-433M · ·
Net Change in Cash 6-point trend, +59.4% $-101M $-18M $-13M $-31M $667M $-249M
Taxes Paid $287M · · · · ·
Free Cash Flow 5-point trend, -72.7% $538M $764M $548M $662M $1.97B ·
Levered FCF 5-point trend, -81.8% $316M $207M $-253M $317M $1.74B ·
Profitability 5
Annual Profitability data for OGN
Metric Trend 202520242023202220212020
Gross Margin 2-point trend, -8.1% 53.3% 58.0% · · · ·
Net Margin 5-point trend, -86.0% 3.0% 13.5% 16.3% 14.8% 21.4% ·
Pretax Margin 5-point trend, -71.8% 6.8% 12.6% 10.8% 18.2% 24.2% ·
ROA 4-point trend, -88.9% 1.4% · 8.9% 8.5% 13.0% ·
ROE 4-point trend, +129.1% 25.2% · -310.5% -93.7% -86.4% ·
Liquidity & Solvency 4
Annual Liquidity & Solvency data for OGN
Metric Trend 202520242023202220212020
Current Ratio 4-point trend, +25.8% 1.8 · 1.5 1.6 1.4 ·
Quick Ratio 4-point trend, -2.3% 0.8 · 0.8 0.9 0.8 ·
Debt / Equity 4-point trend, +289.4% 11.5 · -125.1 -10.0 -6.1 ·
LT Debt / Equity 4-point trend, +289.6% 11.5 · -125.0 -10.0 -6.1 ·
Efficiency 3
Annual Efficiency data for OGN
Metric Trend 202520242023202220212020
Asset Turnover 4-point trend, -21.1% 0.5 · 0.5 0.6 0.6 ·
Inventory Turnover 4-point trend, -18.3% 2.1 · 2.2 2.4 2.6 ·
Receivables Turnover 4-point trend, -11.3% 4.6 · 3.9 4.3 5.2 ·
Per Share 7
Annual Per Share data for OGN
Metric Trend 202520242023202220212020
Book Value / Share 4-point trend, +148.6% $2.89 · $-0.27 $-3.51 $-5.95 ·
Revenue / Share 5-point trend, -3.9% $23.84 $24.71 $24.44 $24.20 $24.80 ·
Cash Flow / Share 5-point trend, -68.4% $2.68 $3.62 $3.12 $3.36 $8.50 ·
Cash / Share 4-point trend, -24.1% $2.21 · $2.71 $2.78 $2.91 ·
Dividend / Share 5-point trend, -39.3% $0 $1 $1 $1 $1 ·
Dividend Paid / Share · · · · $1 ·
EPS (TTM) 5-point trend, -86.4% $0.72 $3.33 $3.99 $3.59 $5.31 ·
Growth Rates 9
Annual Growth Rates data for OGN
Metric Trend 202520242023202220212020
Revenue YoY 5-point trend, +16.3% -2.9% 2.2% 1.4% -2.1% -3.5% ·
Revenue CAGR 3Y 3-point trend, +116.5% 0.23% 0.52% -1.4% · · ·
Revenue CAGR 5Y -0.99% · · · · ·
EPS YoY 5-point trend, -108.0% -78.4% -16.5% 11.1% -32.4% -37.7% ·
EPS CAGR 3Y 3-point trend, -85.6% -41.5% -14.4% -22.3% · · ·
EPS CAGR 5Y -39.0% · · · · ·
Net Income YoY 5-point trend, -109.2% -78.4% -15.5% 11.6% -32.1% -37.5% ·
Net Income CAGR 3Y 3-point trend, -86.6% -41.1% -13.8% -22.1% · · ·
Net Income CAGR 5Y -38.7% · · · · ·
Valuation (TTM) 15
Annual Valuation (TTM) data for OGN
Metric Trend 202520242023202220212020
Revenue TTM 5-point trend, -1.4% $6.22B $6.40B $6.26B $6.17B $6.30B ·
Net Income TTM 5-point trend, -86.2% $187M $864M $1.02B $917M $1.35B ·
Market Cap 4-point trend, -75.8% $1.87B · $3.69B $7.10B $7.72B ·
Enterprise Value 4-point trend, -38.4% $9.92B · $11.75B $15.31B $16.12B ·
P/E 5-point trend, +73.7% 10.0 4.5 3.6 7.8 5.7 ·
P/S 4-point trend, -75.5% 0.3 · 0.6 1.2 1.2 ·
P/B 4-point trend, +148.5% 2.5 · -52.7 -8.0 -5.1 ·
P / Cash Flow 4-point trend, -25.4% 2.7 · 4.6 8.3 3.6 ·
P / FCF 4-point trend, -11.6% 3.5 · 6.7 10.7 3.9 ·
EV / FCF 4-point trend, +125.2% 18.4 · 21.4 23.1 8.2 ·
EV / Revenue 4-point trend, -37.6% 1.6 · 1.9 2.5 2.6 ·
Dividend Yield 4-point trend, +150.5% 4.7% · 8.0% 4.1% 1.9% ·
Earnings Yield 5-point trend, -42.4% 10.0% 22.3% 27.7% 12.8% 17.4% ·
Payout Ratio 5-point trend, +338.6% 47.1% 34.4% 28.7% 31.6% 10.7% ·
Annual Payout 5-point trend, -39.3% $88M $297M $294M $290M $145M ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $6.22B$6.40B$6.26B$6.17B$6.30B
Gross Margin % 53.3%58.0%
Net Income $187M$864M$1.02B$917M$1.35B
Diluted EPS $0.72$3.33$3.99$3.59$5.31
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 11.5-125.1-10.0-6.1
Current Ratio 1.81.51.61.4
Quick Ratio 0.80.80.90.8
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $538M$764M$548M$662M$1.97B

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Institutional owners (13F) 712 filers · $2.3B 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
129 (+40 vs prior Q) 84 (-5 vs prior Q) 111 (-20 vs prior Q) 182 (-14 vs prior Q) +54.4M

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 $249,324,446 34,773,284 10.61% Shares
Pentwater Capital Management LP $245,074,000 18,100,000 10.43% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $204,888,878 15,132,118 8.72% Shares
VANGUARD CAPITAL MANAGEMENT LLC $161,259,572 11,909,865 6.86% Shares
STATE STREET CORP $130,787,883 9,659,371 5.57% Shares
GOLDMAN SACHS GROUP INC $61,746,029 4,560,268 2.63% Shares
GEODE CAPITAL MANAGEMENT, LLC $55,514,404 4,098,808 2.36% Shares
AQR Arbitrage LLC $52,384,779 3,880,354 2.23% Shares
PRIVATE MANAGEMENT GROUP INC $50,668,860 3,742,161 2.16% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $46,811,327 3,457,262 1.99% Shares
MILLENNIUM MANAGEMENT LLC $46,610,502 3,442,430 1.98% Shares
FIRST TRUST ADVISORS LP $41,966,777 3,099,481 1.79% Shares
DIMENSIONAL FUND ADVISORS LP $37,487,311 2,768,635 1.60% Shares
Man Group plc $37,147,762 2,743,557 1.58% Shares
KAHN BROTHERS GROUP INC $36,158,881 2,670,523 1.54% Shares
Balyasny Asset Management L.P. $29,742,533 2,196,642 1.27% Shares
Kryger Capital LLC $29,147,463 2,152,693 1.24% Shares
ALLIANCEBERNSTEIN L.P. $28,480,479 4,754,671 1.21% Shares
Allianz Asset Management GmbH $28,345,435 2,093,459 1.21% Shares
Bank of New York Mellon Corp $23,825,228 1,759,618 1.01% Shares
VANGUARD FIDUCIARY TRUST CO $22,483,062 1,660,492 0.96% Shares
Parallax Volatility Advisers, L.P. $21,691,080 1,602,000 0.92% Put option
Capula Management Ltd $20,494,564 1,513,631 0.87% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $19,642,478 1,450,700 0.84% Call option
TIG Advisors, LLC $18,959,832 1,400,283 0.81% Shares
WATER ISLAND CAPITAL LLC $18,616,133 1,374,899 0.79% Shares
ALPINE ASSOCIATES MANAGEMENT INC. $18,214,455 1,345,233 0.78% Shares
PRINCIPAL FINANCIAL GROUP INC $17,109,198 1,263,604 0.73% Shares
Westchester Capital Management, LLC $16,872,370 1,246,113 0.72% Shares
Gotham Asset Management, LLC $13,977,518 1,032,313 0.60% Shares
Cerity Partners LLC $12,936,564 955,433 0.55% Shares
GABELLI FUNDS LLC $12,929,481 954,910 0.55% Shares
Polar Asset Management Partners Inc. $12,860,373 949,806 0.55% Shares
TWO SIGMA ADVISERS, LP $12,452,856 1,736,800 0.53% Shares
GFS Advisors, LLC $12,304,334 1,267 0.52% Shares
Public Sector Pension Investment Board $12,215,720 902,195 0.52% Shares
Magnetar Financial LLC $11,548,835 852,942 0.49% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $11,337,110 837,305 0.48% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $11,173,208 825,200 0.48% Put option
Advisors Asset Management, Inc. $10,539,921 706,429 0.45% Shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC $10,063,876 743,270 0.43% Shares
TOKIO MARINE ASSET MANAGEMENT CO LTD $9,533,514 704,100 0.41% Shares
P SCHOENFELD ASSET MANAGEMENT LP $9,036,596 667,400 0.38% Shares
AMERIPRISE FINANCIAL INC $8,656,339 639,316 0.37% Shares
Sagefield Capital LP $8,189,168 604,813 0.35% Shares
Balyasny Asset Management L.P. $8,124,000 600,000 0.35% Call option
CREDIT INDUSTRIEL ET COMMERCIAL $7,920,142 584,944 0.34% Shares
PICTON MAHONEY ASSET MANAGEMENT $7,785,502 575,000 0.33% Shares
AMERICAN CENTURY COMPANIES INC $7,681,377 567,310 0.33% Shares
Centiva Capital, LP $7,511,992 554,800 0.32% Shares
GABELLI & Co INVESTMENT ADVISERS, INC. $7,429,398 548,700 0.32% Shares
STATE OF WISCONSIN INVESTMENT BOARD $7,289,774 538,388 0.31% Shares
Swiss National Bank $7,128,472 526,475 0.30% Shares
Lombard Odier Asset Management (USA) Corp $7,108,500 525,000 0.30% Call option
WINTON GROUP Ltd $6,903,531 509,862 0.29% Shares
FIRST MANHATTAN CO. LLC. $6,832,920 504,647 0.29% Shares
New York Life Investment Management LLC $6,812,204 503,117 0.29% Shares
Balyasny Asset Management L.P. $6,770,000 500,000 0.29% Put option
Schonfeld Strategic Advisors LLC $6,770,000 500,000 0.29% Put option
Verition Fund Management LLC $6,742,866 497,996 0.29% Shares
RHUMBLINE ADVISERS $6,723,428 496,563 0.29% Shares
Verition Fund Management LLC $6,469,412 477,800 0.28% Call option
Alberta Investment Management Corp $6,093,000 450,000 0.26% Shares
Carmignac Gestion $6,074,125 448,606 0.26% Shares
Legal & General Group Plc $5,757,412 425,215 0.25% Shares
Quantinno Capital Management LP $5,711,049 421,790 0.24% Shares
BANK OF AMERICA CORP /DE/ $5,680,558 419,539 0.24% Shares
First Trust Capital Management L.P. $5,293,314 390,939 0.23% Shares
BNP PARIBAS FINANCIAL MARKETS $5,290,687 390,745 0.23% Shares
Squarepoint Ops LLC $5,283,741 390,232 0.22% Shares
NORGES BANK $5,067,359 374,251 0.22% Shares
READYSTATE ASSET MANAGEMENT LP $4,764,225 351,863 0.20% Shares
BlackRock, Inc. $4,666,344 344,634 0.20% Shares
CITADEL ADVISORS LLC $4,662,621 344,359 0.20% Shares
CITADEL ADVISORS LLC $4,598,184 339,600 0.20% Put option
Maven Securities LTD $4,525,068 334,200 0.19% Shares
Foundry Partners, LLC $4,501,530 302,319 0.19% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $4,276,717 315,858 0.18% Shares
FMR LLC $4,072,981 300,811 0.17% Shares
D. E. Shaw & Co., Inc. $3,939,653 290,964 0.17% Shares
CM Management, LLC $3,723,500 275,000 0.16% Shares
SECTOR GAMMA AS $3,666,375 270,781 0.16% Shares
LMR Partners LLP $3,655,800 270,000 0.16% Shares
Parallax Volatility Advisers, L.P. $3,452,700 255,000 0.15% Call option
Centiva Capital, LP $3,385,000 250,000 0.14% Put option
VANGUARD ASSET MANAGEMENT, Ltd $3,360,723 248,207 0.14% Shares
BOOTHBAY FUND MANAGEMENT, LLC $3,310,530 244,500 0.14% Call option
TWO SIGMA INVESTMENTS, LP $3,268,448 241,392 0.14% Shares
PRUDENTIAL FINANCIAL INC $3,239,607 239,262 0.14% Shares
PDT Partners, LLC $3,117,924 230,275 0.13% Shares
180 WEALTH ADVISORS, LLC $3,065,226 226,383 0.13% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $2,963,744 218,888 0.13% Shares
Kintayl Capital LP $2,909,069 214,850 0.12% Shares
WOLVERINE ASSET MANAGEMENT LLC $2,815,169 207,915 0.12% Shares
M&G PLC $2,575,622 183,973 0.11% Shares
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS $2,535,663 187,272 0.11% Shares
PRELUDE CAPITAL MANAGEMENT, LLC $2,484,224 183,473 0.11% Shares
Douglas Lane & Associates, LLC $2,446,180 180,663 0.10% Shares
Howard Capital Management, LLC $2,422,672 178,927 0.10% Shares
JANE STREET GROUP, LLC $2,411,474 178,100 0.10% Call option

Company insiders 27 insiders · 12 officers · 14 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Kevin Ali Chief Executive Officer May 4, 2023 M 50,619 0 0 $0
Matthew M Walsh Chief Financial Officer Aug. 5, 2023 M 52,411 0 0 $0
Kathryn Dimarco Corporate Controller Feb. 9, 2024 M 8,648 0 0 $0
Rachel A Stahler Chief Information Officer Aug. 5, 2023 M 31,781 0 0 $0
Kirke Weaver Gen. Counsel & Corp. Secy. May 4, 2023 M 12,461 0 0 $0
Susanne Fiedler Chief Commercial Officer May 4, 2023 M 25,191 0 0 $0
Vittorio Nisita Head of Global Business Svcs May 4, 2023 M 10,886 0 0 $0
Sandra Milligan Head of Research & Development May 4, 2023 M 28,599 0 0 $0
Joseph T. Morrissey Jr. Head of Manufacturing May 4, 2023 M 21,016 0 0 $0
Aaron Falcione Chief Human Resources Officer May 4, 2023 M 14,762 0 0 $0
Geralyn S Ritter Head of Ext. Affairs and ESG May 4, 2023 M 10,755 0 0 $0
Deborah H Telman EVP GC & Corporate Secretary May 4, 2022 M 7,688 0 0 $0
Deborah R Leone Director June 12, 2026 A 0 0 $0
Philip Ozuah Director June 12, 2026 A 0 0 $0
Ramona Sequeira Director June 12, 2026 A 0 0 $0
Alan Ezekowitz Director June 12, 2026 A 0 0 $0
Cynthia M Patton Director June 12, 2026 A 0 0 $0
Helene D Gayle Director June 12, 2026 A 0 0 $0
Shalini Sharp Director June 12, 2026 A 0 0 $0
Robert Essner Director June 12, 2026 A 0 0 $0
LAZARUS ROCHELLE B Director June 12, 2026 A 0 0 $0
Martha E Mcgarry Director June 9, 2023 A 0 0 $0
Ma. Fatima Francisco Director June 9, 2023 A 3,000 0 0 $0
Grace Puma Whiteford Director June 9, 2023 A 0 0 $0
COX CARRIE SMITH Director June 9, 2023 A 0 0 $0
Ferreira Juan Camilo Arjona Aug. 11, 2026 M 37,432 0 0 $0
Juliana Papa Drinane Aug. 5, 2026 S 18,475 0 1 $-200,307

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 80 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
FXH · First Trust Exchange-Traded AlphaDE… 3.83% 2,527,212 NS April 30, 2026 N-PORT
PILL · Direxion Shares ETF Trust 2.77% 26,958 NS April 30, 2026 N-PORT
MRGR · ProShares Trust 2.37% 28,200 NS May 31, 2026 N-PORT
ARB · AltShares Trust 2.29% 177,141 NS May 31, 2026 N-PORT
EVNT · AltShares Trust 2.18% 20,000 NS May 31, 2026 N-PORT
BSJS · Invesco Exchange-Traded Self-Indexe… 1.96% 14,560,000 Aug. 8, 2026 Daily
HAPS · Harbor ETF Trust 1.94% 230,183 NS April 30, 2026 N-PORT
PSCH · Invesco Exchange-Traded Fund Trust … 1.81% 227,905 SH Aug. 8, 2026 Daily
ROSC · Lattice Strategies Trust 1.13% 46,579 NS April 30, 2026 N-PORT
RZV · Invesco Exchange-Traded Fund Trust 1.05% 236,734 SH Aug. 8, 2026 Daily
SCOW · Pacer Funds Trust 0.84% 980 NS April 30, 2026 N-PORT
IHE · iShares Trust 0.79% 938,448 SH Aug. 8, 2026 Daily
FYT · First Trust Exchange-Traded AlphaDE… 0.77% 106,712 NS April 30, 2026 N-PORT
RWJ · Invesco Exchange-Traded Fund Trust … 0.39% 596,075 SH Aug. 8, 2026 Daily
IJS · iShares Trust 0.38% 2,339,389 SH Aug. 8, 2026 Daily
VIOV · VANGUARD ADMIRAL FUNDS 0.38% 557,221 SH Aug. 8, 2026 Daily
FYX · First Trust Exchange-Traded AlphaDE… 0.38% 346,769 NS April 30, 2026 N-PORT
XJR · iShares Trust 0.22% 31,031 SH Aug. 8, 2026 Daily
QVMS · Invesco Exchange-Traded Fund Trust … 0.22% 41,375 SH Aug. 8, 2026 Daily
AVSC · AMERICAN CENTURY ETF TRUST 0.22% 455,160 NS May 31, 2026 N-PORT
IJR · iShares Trust 0.19% 16,016,203 SH Aug. 8, 2026 Daily
VIOO · VANGUARD ADMIRAL FUNDS 0.19% 918,178 SH Aug. 8, 2026 Daily
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.17% 95,518 NS April 30, 2026 N-PORT
FSMD · FIDELITY COVINGTON TRUST 0.17% 301,242 NS April 30, 2026 N-PORT
FAB · First Trust Exchange-Traded AlphaDE… 0.16% 16,600 NS April 30, 2026 N-PORT
SAA · ProShares Trust 0.15% 3,111 NS May 31, 2026 N-PORT
ISCV · iShares Trust 0.11% 57,567 SH Aug. 8, 2026 Daily
JPME · J.P. Morgan Exchange-Traded Fund Tr… 0.10% 33,146 NS April 30, 2026 N-PORT
EQAL · Invesco Exchange-Traded Fund Trust … 0.09% 55,689 SH Aug. 8, 2026 Daily
VBR · VANGUARD INDEX FUNDS 0.08% 3,815,685 SH Aug. 8, 2026 Daily
VGHY · VANGUARD FIXED INCOME SECURITIES FU… 0.08% 250,000 PA Aug. 8, 2026 Daily
JVAL · J.P. Morgan Exchange-Traded Fund Tr… 0.08% 42,884 NS April 30, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.07% 1,249,402 NS May 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.06% 667,484 NS April 30, 2026 N-PORT
IYH · iShares Trust 0.06% 155,876 SH Aug. 8, 2026 Daily
FHLC · FIDELITY COVINGTON TRUST 0.05% 118,299 NS April 30, 2026 N-PORT
ISCB · iShares Trust 0.05% 11,623 SH Aug. 8, 2026 Daily
FNDX · SCHWAB STRATEGIC TRUST 0.05% 1,032,932 NS May 31, 2026 N-PORT
JPUS · J.P. Morgan Exchange-Traded Fund Tr… 0.05% 17,841 NS April 30, 2026 N-PORT
REVS · Columbia ETF Trust I 0.05% 11,189 NS April 30, 2026 N-PORT
VHT · VANGUARD WORLD FUND 0.05% 781,843 SH Aug. 8, 2026 Daily
FNDB · SCHWAB STRATEGIC TRUST 0.05% 48,654 NS May 31, 2026 N-PORT
SMMD · iShares Trust 0.05% 132,225 SH Aug. 8, 2026 Daily
ESML · iShares Trust 0.05% 100,848 SH Aug. 8, 2026 Daily
PRF · Invesco Exchange-Traded Fund Trust 0.04% 310,954 SH Aug. 8, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.04% 3,015,036 SH Aug. 8, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.04% 6,025,121 SH Aug. 8, 2026 Daily
IWS · iShares Trust 0.03% 396,461 SH Aug. 8, 2026 Daily
TILT · FlexShares Trust 0.03% 50,820 NS April 30, 2026 N-PORT
WSML · iShares Trust 0.03% 15,813 SH Aug. 8, 2026 Daily