AFLAC INC AFL
COM · Common Stock · CUSIP 001055102 · ISIN US0010551028
Largest provider of supplemental insurance in the United States
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($229.1m this quarter). Holder counts are more reliable. Shares outstanding: 501.3m as of 2026-07-28, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $117.22. Options: 33 managers hold calls ($411.5m notional), 31 hold puts ($179.3m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,184 |
| Q4 2022 | 1,304 |
| Q1 2023 | 1,261 |
| Q2 2023 | 1,276 |
| Q3 2023 | 1,313 |
| Q4 2023 | 1,420 |
| Q1 2024 | 1,422 |
| Q2 2024 | 1,449 |
| Q3 2024 | 1,553 |
| Q4 2024 | 1,579 |
| Q1 2025 | 1,629 |
| Q2 2025 | 1,615 |
| Q3 2025 | 1,623 |
| Q4 2025 | 1,681 |
| Q1 2026 | 1,664 |
| Q2 2026 | 1,691 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 644 | 661 |
| Q4 2024 | 581 | 696 |
| Q1 2025 | 647 | 711 |
| Q2 2025 | 611 | 768 |
| Q3 2025 | 616 | 742 |
| Q4 2025 | 670 | 684 |
| Q1 2026 | 619 | 775 |
| Q2 2026 | 715 | 671 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $476.9m | $197.8m | 0.41 |
| Q4 2025 | $322.1m | $133.0m | 0.41 |
| Q1 2026 | $289.1m | $76.1m | 0.26 |
| Q2 2026 | $411.5m | $179.3m | 0.44 |
Biggest buyers
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +6.1m |
| GOLDMAN SACHS GROUP INC | Added | +1.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.1m |
| TWO SIGMA INVESTMENTS, LP | Added | +862.2k |
| Assenagon Asset Management S.A. | Added | +788.3k |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +746.8k |
| Qube Research & Technologies Ltd | Added | +699.4k |
| Gladstone Capital Management LLP | New | +604.9k |
| Caisse de depot et placement du Quebec | Added | +420.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +409.8k |
Biggest sellers
| WELLS FARGO & COMPANY/MN | Reduced | -1.9m |
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -1.9m |
| BlackRock, Inc. | Reduced | -1.3m |
| UBS Group AG | Reduced | -1.2m |
| Japan Post Holdings Co., Ltd. | Reduced | -1.1m |
| CITADEL ADVISORS LLC | Reduced | -628.0k |
| CAPTRUST FINANCIAL ADVISORS | Reduced | -599.8k |
| FIRST TRUST ADVISORS LP | Reduced | -546.7k |
| MARSHALL WACE, LLP | Reduced | -529.0k |
| JANE STREET GROUP, LLC | Reduced | -462.3k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $88.8m757.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $83.9m715.3k shares |
| CITADEL ADVISORS LLC | Added | $72.4m617.6k shares |
| IMC-Chicago, LLC | Added | $36.7m312.6k shares |
| UBS Group AG | Added | $18.5m158.1k shares |
| Walleye Trading LLC | Added | $14.0m119.7k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $12.0m1.0k shares |
| GROUP ONE TRADING LLC | Reduced | $10.7m91.0k shares |
| JPMORGAN CHASE & CO | New | $10.2m85.0k shares |
| SIMPLEX TRADING, LLC | Added | $9.1m77.2k shares |
Biggest puts
| BNP PARIBAS FINANCIAL MARKETS | Added | $45.4m3.9k shares |
| JANE STREET GROUP, LLC | Added | $22.4m191.0k shares |
| UBS Group AG | Added | $18.9m161.1k shares |
| JPMORGAN CHASE & CO | New | $16.2m135.0k shares |
| CITIGROUP INC | Added | $13.5m115.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $10.0m85.5k shares |
| GOLDMAN SACHS GROUP INC | Added | $9.0m76.8k shares |
| CITADEL ADVISORS LLC | Added | $6.6m55.9k shares |
| HSBC HOLDINGS PLC | Added | $6.0m51.1k shares |
| IMC-Chicago, LLC | Added | $5.9m50.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Japan Post Holdings Co., Ltd. 13G · passive investor no change · filed 2026-08-14 | 10.2% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.8% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 2 | $2.6m | $65.0k |
| Q1 2025 | 0 | — | 3 | $8.2m | $8.2m |
| Q2 2025 | 0 | — | 4 | $5.1m | $106.8k |
| Q3 2025 | 0 | — | 1 | $102.6k | $102.6k |
| Q4 2025 | 0 | — | 4 | $3.5m | $114.0k |
| Q1 2026 | 0 | — | 5 | $6.4m | $3.5m |
| Q2 2026 | 0 | — | 6 | $3.4m | $96.1k |
| Q3 2026 | 0 | — | 2 | $1.6m | $74.5k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-28 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.4m12.0k shares |
| 2026-09-25 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.4m12.1k shares |
| 2026-09-24 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.4m12.1k shares |
| 2026-09-23 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.6m13.5k shares |
| 2026-09-22 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.4m12.2k shares |
| 2026-09-21 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.4m12.2k shares |
| 2026-09-18 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.5m12.8k shares |
| 2026-09-17 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.5m12.9k shares |
| 2026-09-16 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.6m13.8k shares |
| 2026-09-16 | Koide Masatoshi Pres. and Rep. Director, ALIJ | Sold | $1.6m13.2k shares |
| 2026-09-15 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.6m13.6k shares |
| 2026-09-14 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.6m13.6k shares |
| 2026-09-11 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.6m14.0k shares |
| 2026-09-10 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.5m13.3k shares |
| 2026-09-09 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.6m13.6k shares |
| 2026-09-08 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.6m13.6k shares |
| 2026-09-04 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.8m15.0k shares |
| 2026-09-03 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $2.4m20.0k shares |
| 2026-09-02 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.6m13.5k shares |
| 2026-09-01 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.5m12.8k shares |
| 2026-08-31 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.5m12.7k shares |
| 2026-08-28 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.5m13.0k shares |
| 2026-08-27 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.5m12.7k shares |
| 2026-08-26 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.5m13.2k shares |
| 2026-08-25 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.5m12.7k shares |
| 2026-08-24 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.6m13.5k shares |
| 2026-08-21 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.5m12.9k shares |
| 2026-08-20 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.5m13.1k shares |
| 2026-08-19 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.5m12.7k shares |
| 2026-08-18 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.7m14.2k shares |
The latest 30 of 77 trades.
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Japan Post Holdings Co., Ltd. 100.00% of their portfolio | 50.9m $6.0bn | Reduced -1.1m |
| BlackRock, Inc. 0.06% of their portfolio | 34.9m $4.1bn | Reduced -1.3m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 29.9m $3.5bn | Reduced -351.5k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.13% of their portfolio | 24.4m $2.9bn | Added +6.1m |
| STATE STREET CORP 0.08% of their portfolio | 23.5m $2.8bn | Reduced -86.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 10.6m $1.2bn | Reduced -117.0k |
| WELLS FARGO & COMPANY/MN 0.18% of their portfolio | 8.6m $1.0bn | Reduced -1.9m |
| MORGAN STANLEY 0.05% of their portfolio | 8.0m $942.8m | Added +139.3k |
| NORTHERN TRUST CORP 0.09% of their portfolio | 6.3m $736.7m | Reduced -268.0k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 5.3m $624.3m | Added +1.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.11% of their portfolio | 5.2m $609.8m | Added +1.1m |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 4.6m $537.9m | Added +36.1k |
| Invesco Ltd. 0.04% of their portfolio | 4.0m $471.0m | Reduced -332.5k |
| Legal & General Group Plc 0.08% of their portfolio | 3.5m $404.6m | Reduced -359.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 3.1m $368.9m | Reduced -3.1k |
| Amundi 0.08% of their portfolio | 2.8m $330.8m | Reduced -446.7k |
| NORGES BANK 0.03% of their portfolio | 2.8m $323.5m | Not comparable |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 2.7m $325.0m | Added +23.4k |
| FIRST TRUST ADVISORS LP 0.18% of their portfolio | 2.6m $309.3m | Reduced -546.7k |
| VANGUARD FIDUCIARY TRUST CO 0.07% of their portfolio | 2.6m $301.5m | Reduced -54.6k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 2.5m $298.4m | Reduced -131.7k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 2.1m $244.5m | Reduced -245.3k |
| Guinness Asset Management LTD 4.04% of their portfolio | 2.0m $238.8m | Reduced -115.2k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 1.9m $222.4m | Reduced -223.4k |
| Qube Research & Technologies Ltd 0.22% of their portfolio | 1.7m $200.4m | Added +699.4k |
| Caisse de depot et placement du Quebec 0.26% of their portfolio | 1.6m $183.0m | Added +420.1k |
| UBS Group AG 0.03% of their portfolio | 1.5m $179.2m | Reduced -1.2m |
| ProShare Advisors LLC 0.25% of their portfolio | 1.5m $174.3m | Reduced -130.9k |
| RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio | 1.5m $170.7m | Added +1.6k |
| FMR LLC 0.01% of their portfolio | 1.4m $168.6m | Added +1.2k |
| TWO SIGMA INVESTMENTS, LP 0.12% of their portfolio | 1.3m $157.2m | Added +862.2k |
| Swiss National Bank 0.08% of their portfolio | 1.3m $153.3m | Reduced -153.5k |
| Pinnacle Financial Partners, Inc. 1.01% of their portfolio | 1.3m $148.5m | Added +116.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 1.3m $147.3m | Added +409.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.08% of their portfolio | 1.2m $145.7m | Added +109.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 1.1m $132.2m | Reduced -79.7k |
| Robeco Institutional Asset Management B.V. 0.16% of their portfolio | 1.1m $126.4m | Reduced -291.0k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.08% of their portfolio | 1.0m $119.0m | Added +56.9k |
| Vanguard Global Advisers, LLC 0.06% of their portfolio | 1.0m $119.0m | Reduced -29.2k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 1.0m $117.5m | Added +36.4k |
| Nuveen, LLC 0.03% of their portfolio | 991.2k $116.2m | Reduced -108.0k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 972.7k $114.0m | Reduced -53.1k |
| RHUMBLINE ADVISERS 0.08% of their portfolio | 913.5k $107.1m | Reduced -21.0k |
| LPL Financial LLC 0.02% of their portfolio | 906.0k $106.2m | Added +25.0k |
| BARCLAYS PLC 0.03% of their portfolio | 896.3k $105.1m | Reduced -392.8k |
| HighTower Advisors, LLC 0.10% of their portfolio | 884.7k $103.7m | Added +42.7k |
| Assenagon Asset Management S.A. 0.07% of their portfolio | 884.2k $103.7m | Added +788.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.05% of their portfolio | 830.3k $97.4m | Added +746.8k |
| California Public Employees Retirement System 0.05% of their portfolio | 826.4k $96.9m | Reduced -172.6k |
| ASSETMARK, INC 0.16% of their portfolio | 816.7k $95.8m | Added +15.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 812.3k $95.2m | Added +16.2k |
| TCTC Holdings, LLC 2.49% of their portfolio | 809.3k $94.9m | Unchanged |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 796.3k $93.4m | Added +70.7k |
| National Pension Service 0.06% of their portfolio | 789.0k $92.5m | Reduced -18.4k |
| STOREBRAND ASSET MANAGEMENT AS 0.21% of their portfolio | 743.4k $87.2m | Added +68.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 737.4k $86.5m | Reduced -35.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 714.0k $83.7m | Reduced -68.1k |
| Vest Financial, LLC 0.88% of their portfolio | 713.2k $83.6m | Added +99.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 699.8k $82.1m | Reduced -171.1k |
| &PARTNERS 0.32% of their portfolio | 658.4k $77.1m | Added +67.8k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 649.8k $76.2m | Added +306.5k |
| CITIGROUP INC 0.03% of their portfolio | 618.7k $72.5m | Reduced -31.3k |
| CAPTRUST FINANCIAL ADVISORS 0.11% of their portfolio | 616.5k $72.3m | Reduced -599.8k |
| GREATMARK INVESTMENT PARTNERS, INC. 7.92% of their portfolio | 612.4k $71.8m | Reduced -32.3k |
| Gladstone Capital Management LLP 7.02% of their portfolio | 604.9k $70.9m | New |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 602.9k $71.3m | Added +89.4k |
| Quantinno Capital Management LP 0.08% of their portfolio | 602.8k $70.7m | Added +83.2k |
| AGF MANAGEMENT LTD 0.27% of their portfolio | 601.4k $70.5m | Reduced -10.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.10% of their portfolio | 593.3k $69.6m | Reduced -74.4k |
| Squarepoint Ops LLC 0.13% of their portfolio | 582.0k $68.2m | Added +384.1k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 536.7k $62.9m | Added +129.5k |
| Maj Invest Holding A/S 2.74% of their portfolio | 513.4k $60.2m | Reduced -61.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.09% of their portfolio | 508.0k $59.5m | Added +3.1k |
| NOMURA ASSET MANAGEMENT CO LTD 0.13% of their portfolio | 507.6k $59.5m | Reduced -38.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.08% of their portfolio | 507.5k $59.5m | Reduced -48.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 506.7k $59.4m | Reduced -10.1k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 496.8k $54.5m | Reduced -110.3k |
| Corient Private Wealth LP 0.08% of their portfolio | 496.1k $58.2m | Added +34.3k |
| Gotham Asset Management, LLC 0.13% of their portfolio | 483.9k $56.7m | Added +7.3k |
| Clark Capital Management Group, Inc. 0.31% of their portfolio | 482.8k $56.6m | Added +6.3k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 462.4k $54.2m | Reduced -26.0k |
| STIFEL FINANCIAL CORP 0.04% of their portfolio | 460.3k $54.0m | Added +957 |
| CANADA LIFE ASSURANCE Co 0.09% of their portfolio | 459.1k $53.7m | Reduced -5.6k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 453.1k $53.1m | Added +69.2k |
| DekaBank Deutsche Girozentrale 0.08% of their portfolio | 437.0k $47.8m | Unchanged |
| APG Asset Management N.V. 0.10% of their portfolio | 411.7k $42.2m | Added +90.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio | 409.5k $48.0m | Reduced -37.4k |
| AVIVA PLC 0.07% of their portfolio | 405.2k $47.5m | Reduced -497 |
| Retirement Systems of Alabama 0.14% of their portfolio | 397.5k $46.6m | Reduced -64.7k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.05% of their portfolio | 394.0k $46.2m | Added +61.1k |
| TRUIST FINANCIAL CORP 0.05% of their portfolio | 382.3k $44.8m | Reduced -19.2k |
| GATEWAY INVESTMENT ADVISERS LLC 0.43% of their portfolio | 375.4k $44.0m | Reduced -4.8k |
| Aberdeen Group plc 0.06% of their portfolio | 373.3k $43.8m | Reduced -3.3k |
| AMF Tjanstepension AB 0.26% of their portfolio | 371.1k $43.5m | Unchanged |
| KLP KAPITALFORVALTNING AS 0.14% of their portfolio | 366.9k $43.0m | Added +1.7k |
| Sterling Capital Management LLC 0.72% of their portfolio | 362.5k $42.5m | Reduced -69.7k |
| Cetera Investment Advisers 0.04% of their portfolio | 360.8k $42.3m | Added +12.6k |
| Janney Montgomery Scott LLC 0.08% of their portfolio | 357.7k $41.9m | Added +106.5k |
| ROFFMAN MILLER ASSOCIATES INC /PA/ 2.12% of their portfolio | 345.9k $40.6m | Reduced -10.1k |
| DANSKE BANK A/S 0.08% of their portfolio | 345.0k $40.5m | Reduced -44.9k |