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 ($161.7m this quarter). Holder counts are more reliable. Shares outstanding: 509.0m as of 2026-04-28, 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 ≈ $109.63. Options: 34 managers hold calls ($289.1m notional), 32 hold puts ($76.1m).
Trends to Q1 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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 605 | 613 |
| 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 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $364.6m | $170.7m | 0.47 |
| Q3 2025 | $476.9m | $197.8m | 0.41 |
| Q4 2025 | $322.1m | $133.0m | 0.41 |
| Q1 2026 | $289.1m | $76.1m | 0.26 |
Biggest buyers
| FIRST TRUST ADVISORS LP | Added | +2.0m |
| UBS Group AG | Added | +1.3m |
| CITADEL ADVISORS LLC | Added | +710.0k |
| Amundi | Added | +603.4k |
| Invesco Ltd. | Added | +601.5k |
| Caisse de depot et placement du Quebec | Added | +595.5k |
| JPMORGAN CHASE & CO | Added | +593.4k |
| GOLDMAN SACHS GROUP INC | Added | +579.0k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +529.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +254.0k |
Biggest sellers
| HSBC HOLDINGS PLC | Reduced | -1.2m |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -1.1m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Reduced | -689.3k |
| Corient Private Wealth LP | Reduced | -640.8k |
| BlackRock, Inc. | Reduced | -572.5k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -445.4k |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -400.5k |
| MARSHALL WACE, LLP | Reduced | -364.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -344.7k |
| BANK OF AMERICA CORP /DE/ | Reduced | -329.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $82.5m751.8k shares |
| CITADEL ADVISORS LLC | Reduced | $47.6m433.9k shares |
| JANE STREET GROUP, LLC | Reduced | $43.9m400.2k shares |
| GROUP ONE TRADING LLC | Added | $25.6m233.0k shares |
| UBS Group AG | Added | $16.9m153.6k shares |
| IMC-Chicago, LLC | Added | $15.9m145.2k shares |
| Walleye Trading LLC | Reduced | $11.4m103.8k shares |
| ZEGA Investments, LLC | Unchanged | $6.5m59.4k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $5.7m49.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.9m44.6k shares |
Biggest puts
| UBS Group AG | Added | $17.1m155.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $10.5m95.4k shares |
| Walleye Trading LLC | Reduced | $6.3m57.4k shares |
| CITIGROUP INC | New | $4.9m45.0k shares |
| HSBC HOLDINGS PLC | New | $4.7m43.3k shares |
| JANE STREET GROUP, LLC | Added | $4.4m40.4k shares |
| IMC-Chicago, LLC | Reduced | $4.3m39.1k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $2.9m26.8k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $2.6m23.3k shares |
| Alphadyne Asset Management LP | New | $2.1m18.8k 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 in Q1 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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 2 | $2.0m | $50.9k |
| Q3 2024 | 0 | — | 2 | $257.6k | $59.7k |
| 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 |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-30 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.6m14.7k shares |
| 2026-03-27 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.6m14.5k shares |
| 2026-03-26 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.6m14.9k shares |
| 2026-03-25 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.5m14.2k shares |
| 2026-03-25 | LAKE CHARLES D II Chairman & Rep. Director, ALIJ | Sold | $536.4k5.0k shares |
| 2026-03-24 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.5m14.0k shares |
| 2026-03-23 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.6m15.0k shares |
| 2026-03-20 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.8m16.8k shares |
| 2026-03-19 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.1m10.1k shares |
| 2026-03-18 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.3m12.2k shares |
| 2026-03-17 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.7m15.7k shares |
| 2026-03-16 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.8m16.1k shares |
| 2026-03-13 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.9m17.4k shares |
| 2026-03-12 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $2.0m17.9k shares |
| 2026-03-11 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $2.0m18.1k shares |
| 2026-03-11 | LAKE CHARLES D II Chairman & Rep. Director, ALIJ | Sold plan | $1.7m15.6k shares |
| 2026-03-11 | Koide Masatoshi Pres. and Rep. Director, ALIJ | Sold plan | $1.7m15.4k shares |
| 2026-03-10 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $2.1m19.0k shares |
| 2026-03-09 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $1.9m17.3k shares |
| 2026-03-09 | MOSKOWITZ JOSEPH L Director | Sold plan | $66.1k600 shares |
| 2026-03-06 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $2.1m19.1k shares |
| 2026-03-05 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $2.1m19.3k shares |
| 2026-03-04 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $2.2m19.9k shares |
| 2026-03-03 | Japan Post Holdings Co., Ltd. 10% owner · See footnote | Sold plan | $2.2m19.3k shares |
| 2026-02-20 | BEAVER STEVEN KENT EVP, CFO Aflac Japan | Sold | $839.0k7.4k shares |
| 2026-02-06 | Broden Max Sr. EVP, CFO | Sold | $1.5m13.0k shares |
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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Japan Post Holdings Co., Ltd. 100.00% of their portfolio | 52.0m $5.7bn | Reduced -325.5k |
| BlackRock, Inc. 0.07% of their portfolio | 36.2m $4.0bn | Reduced -572.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 30.3m $3.3bn | First filing |
| STATE STREET CORP 0.09% of their portfolio | 23.6m $2.6bn | Reduced -162.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.10% of their portfolio | 18.2m $2.0bn | First filing |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 10.7m $1.2bn | Added +248.3k |
| WELLS FARGO & COMPANY/MN 0.23% of their portfolio | 10.5m $1.2bn | Reduced -271.2k |
| MORGAN STANLEY 0.05% of their portfolio | 7.9m $866.9m | Reduced -323.0k |
| NORTHERN TRUST CORP 0.09% of their portfolio | 6.6m $718.7m | Added +6.7k |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 4.6m $499.2m | Added +67.7k |
| Invesco Ltd. 0.05% of their portfolio | 4.3m $477.2m | Added +601.5k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 4.1m $453.3m | Added +579.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 4.1m $446.4m | Reduced -344.7k |
| Legal & General Group Plc 0.10% of their portfolio | 3.8m $418.1m | Added +62.0k |
| Amundi 0.10% of their portfolio | 3.3m $358.6m | Added +603.4k |
| FIRST TRUST ADVISORS LP 0.25% of their portfolio | 3.2m $349.4m | Added +2.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 3.1m $345.5m | Added +47.1k |
| UBS Group AG 0.05% of their portfolio | 2.7m $296.0m | Added +1.3m |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 2.7m $290.2m | Added +593.4k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 2.7m $293.7m | Reduced -95.9k |
| VANGUARD FIDUCIARY TRUST CO 0.07% of their portfolio | 2.6m $288.1m | First filing |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 2.3m $255.7m | Reduced -329.0k |
| Guinness Asset Management LTD 4.08% of their portfolio | 2.2m $236.3m | Reduced -142.1k |
| DEUTSCHE BANK AG\ 0.08% of their portfolio | 2.1m $232.6m | Reduced -5.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.20% of their portfolio | 1.9m $210.0m | Added +78.5k |
| ProShare Advisors LLC 0.26% of their portfolio | 1.6m $177.4m | Added +48.2k |
| Swiss National Bank 0.09% of their portfolio | 1.5m $160.3m | Added +69.0k |
| RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio | 1.5m $159.5m | Reduced -30.5k |
| FMR LLC 0.01% of their portfolio | 1.4m $157.6m | Added +75.8k |
| Robeco Institutional Asset Management B.V. 0.21% of their portfolio | 1.4m $150.2m | Reduced -117.3k |
| BARCLAYS PLC 0.05% of their portfolio | 1.3m $141.4m | Reduced -3.7k |
| CAPTRUST FINANCIAL ADVISORS 0.23% of their portfolio | 1.2m $133.4m | Added +45.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio | 1.2m $132.4m | Reduced -75.3k |
| Pinnacle Financial Partners, Inc. 0.97% of their portfolio | 1.2m $126.2m | Added +52.2k |
| Caisse de depot et placement du Quebec 0.20% of their portfolio | 1.1m $125.1m | Added +595.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.08% of their portfolio | 1.1m $124.2m | Added +59.8k |
| Nuveen, LLC 0.03% of their portfolio | 1.1m $120.6m | Reduced -5.6k |
| Vanguard Global Advisers, LLC 0.06% of their portfolio | 1.0m $114.5m | First filing |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 1.0m $112.5m | Added +158.3k |
| Qube Research & Technologies Ltd 0.16% of their portfolio | 1.0m $110.8m | Added +131.6k |
| California Public Employees Retirement System 0.07% of their portfolio | 999.0k $109.6m | Reduced -142.8k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 964.6k $105.7m | Reduced -1.2m |
| VANGUARD ASSET MANAGEMENT, Ltd 0.09% of their portfolio | 958.2k $105.1m | First filing |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 957.3k $105.0m | Added +710.0k |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 934.5k $102.5m | Reduced -38.3k |
| LPL Financial LLC 0.03% of their portfolio | 881.0k $96.7m | Reduced -100.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 870.9k $95.5m | Added +136.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 846.2k $92.8m | Added +254.0k |
| HighTower Advisors, LLC 0.10% of their portfolio | 842.0k $92.4m | Added +54.9k |
| TCTC Holdings, LLC 2.53% of their portfolio | 809.3k $88.8m | Unchanged |
| National Pension Service 0.07% of their portfolio | 807.4k $88.6m | Reduced -42.7k |
| ASSETMARK, INC 0.18% of their portfolio | 801.7k $88.0m | Reduced -70.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 796.1k $87.3m | Reduced -42.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 782.2k $85.8m | Reduced -19.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 772.4k $84.7m | Reduced -32.7k |
| MARSHALL WACE, LLP 0.09% of their portfolio | 746.9k $81.9m | Reduced -364.8k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 725.6k $79.6m | Added +148.1k |
| STOREBRAND ASSET MANAGEMENT AS 0.21% of their portfolio | 675.0k $74.1m | Added +90.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.11% of their portfolio | 667.7k $73.3m | Added +529.2k |
| CITIGROUP INC 0.05% of their portfolio | 650.0k $71.3m | Added +129.9k |
| GREATMARK INVESTMENT PARTNERS, INC. 8.29% of their portfolio | 644.7k $70.7m | Added +56.1k |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 630.8k $69.2m | Added +129.1k |
| Vest Financial, LLC 0.81% of their portfolio | 614.1k $67.4m | Added +50.5k |
| AGF MANAGEMENT LTD 0.30% of their portfolio | 612.3k $67.2m | Reduced -102.3k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 607.1k $66.9m | Reduced -445.4k |
| &PARTNERS 0.32% of their portfolio | 590.6k $64.8m | Added +5.2k |
| Maj Invest Holding A/S 2.77% of their portfolio | 574.5k $63.0m | Added +14.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.09% of their portfolio | 555.7k $61.0m | Reduced -8.0k |
| NOMURA ASSET MANAGEMENT CO LTD 0.15% of their portfolio | 546.1k $59.9m | Added +19.0k |
| Quantinno Capital Management LP 0.10% of their portfolio | 519.6k $57.0m | Added +71.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 516.8k $56.7m | Reduced -3.0k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 513.4k $56.0m | Added +43.3k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.10% of their portfolio | 504.9k $55.3m | Added +21.7k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 488.4k $53.6m | Added +33.9k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 478.7k $52.5m | Reduced -148.4k |
| Gotham Asset Management, LLC 0.16% of their portfolio | 476.6k $52.3m | Added +70.8k |
| Clark Capital Management Group, Inc. 0.32% of their portfolio | 476.6k $52.3m | Added +5.0k |
| CANADA LIFE ASSURANCE Co 0.09% of their portfolio | 464.6k $51.1m | Reduced -4.6k |
| Retirement Systems of Alabama 0.17% of their portfolio | 462.2k $50.7m | Reduced -1.2k |
| Corient Private Wealth LP 0.07% of their portfolio | 461.8k $50.6m | Reduced -640.8k |
| STIFEL FINANCIAL CORP 0.05% of their portfolio | 459.4k $50.4m | Reduced -21.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.09% of their portfolio | 446.9k $49.0m | Reduced -27.5k |
| DekaBank Deutsche Girozentrale 0.08% of their portfolio | 437.0k $48.8m | Unchanged |
| Sterling Capital Management LLC 0.90% of their portfolio | 432.2k $47.4m | Reduced -19.5k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 407.3k $44.7m | Reduced -123.2k |
| AVIVA PLC 0.07% of their portfolio | 405.7k $44.5m | Reduced -22.7k |
| TRUIST FINANCIAL CORP 0.06% of their portfolio | 401.6k $44.1m | Reduced -29.8k |
| SG Americas Securities, LLC 0.05% of their portfolio | 395.3k $43.4m | Added +245.4k |
| DANSKE BANK A/S 0.10% of their portfolio | 389.9k $42.8m | Added +2.8k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 383.9k $42.1m | Reduced -41.9k |
| GATEWAY INVESTMENT ADVISERS LLC 0.46% of their portfolio | 380.2k $41.7m | Reduced -5.3k |
| Aberdeen Group plc 0.07% of their portfolio | 376.7k $41.3m | Added +15.6k |
| Polar Capital Holdings Plc 0.18% of their portfolio | 375.0k $41.1m | Reduced -73.0k |
| AMF Tjanstepension AB 0.27% of their portfolio | 371.1k $40.7m | Added +10.8k |
| KLP KAPITALFORVALTNING AS 0.16% of their portfolio | 365.2k $40.1m | Added +4.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio | 358.2k $39.3m | Reduced -67.7k |
| ROFFMAN MILLER ASSOCIATES INC /PA/ 2.25% of their portfolio | 355.9k $39.0m | Reduced -13.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 351.9k $38.6m | Unchanged |
| Cetera Investment Advisers 0.04% of their portfolio | 348.2k $38.2m | Reduced -9.9k |
| NATIXIS ADVISORS, LLC 0.05% of their portfolio | 345.9k $38.0m | Added +111.4k |