AIR PRODS & CHEMS INC APD
COM · Common Stock · CUSIP 009158106 · ISIN US0091581068
- SectorMaterials
- IndustryIndustrial Inorganic Chemicals
- HeadquartersAllentown, PA
- Founded1940
- Websiteairproducts.com
- FilingsSEC EDGAR
* 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 ($248.0m this quarter). Holder counts are more reliable. Shares outstanding: 222.1m as of 2022-12-31, 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 ≈ $308.59. Options: 35 managers hold calls ($587.8m notional), 39 hold puts ($558.7m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,474 |
| Q4 2022 | 1,613 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $489.5m | $401.7m | 0.82 |
| Q4 2022 | $587.8m | $558.7m | 0.95 |
Biggest buyers
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +1.5m |
| MORGAN STANLEY | Added | +1.1m |
| FMR LLC | Added | +946.0k |
| NORGES BANK | Added | +690.8k |
| Winslow Capital Management, LLC | New | +580.6k |
| Ninety One UK Ltd | New | +430.4k |
| JPMORGAN CHASE & CO | Added | +300.4k |
| VANGUARD GROUP INC | Added | +291.4k |
| LORD, ABBETT & CO. LLC | Added | +280.7k |
| AMERICAN CENTURY COMPANIES INC | Added | +254.8k |
Biggest sellers
| FRANKLIN RESOURCES INC | Reduced | -1.2m |
| STATE STREET CORP | Reduced | -536.6k |
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -528.7k |
| Invesco Ltd. | Reduced | -419.1k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Reduced | -381.4k |
| Ceredex Value Advisors LLC | Sold out | -304.9k |
| JANUS HENDERSON GROUP PLC | Reduced | -296.7k |
| BANK OF AMERICA CORP /DE/ | Reduced | -227.8k |
| Caisse de depot et placement du Quebec | Reduced | -208.1k |
| MAR VISTA INVESTMENT PARTNERS LLC | Reduced | -170.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $139.3m451.9k shares |
| CITADEL ADVISORS LLC | Added | $98.6m319.9k shares |
| NOMURA HOLDINGS INC | Added | $48.3m156.8k shares |
| PEAK6 Investments LLC | Added | $45.9m148.8k shares |
| BARCLAYS PLC | First filing | $45.6m148.0k shares |
| SIMPLEX TRADING, LLC | Added | $28.5m92.6k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $26.5m85.9k shares |
| GROUP ONE TRADING LLC | Added | $24.6m79.7k shares |
| JANE STREET GROUP, LLC | Reduced | $22.0m71.4k shares |
| D. E. Shaw & Co., Inc. | Added | $19.1m61.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $108.6m352.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $92.7m300.7k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $56.7m184.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $48.5m157.2k shares |
| UBS Group AG | Added | $39.3m127.4k shares |
| SIMPLEX TRADING, LLC | Added | $27.8m90.3k shares |
| JANE STREET GROUP, LLC | Added | $26.8m87.1k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $23.4m759 shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $13.8m44.7k shares |
| JPMORGAN CHASE & CO | Added | $12.5m40.5k 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 |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 6.6% |
Fell to 5% or below in the last year: Capital Research Global Investors (4.7%, 2026-05-14), Capital International Investors (4.6%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2022
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 |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 2 | $1.0m | 2 | $1.8m | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $151.8k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2022-12-20 | Major Sean D Executive VP & General Counsel | Sold | $151.8k485 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, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.17% of their portfolio | 20.8m $6.4bn | Added +291.4k |
| BlackRock Inc. 0.14% of their portfolio | 14.5m $4.5bn | Reduced -131.9k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 4.18% of their portfolio | 13.0m $4.0bn | Unchanged |
| STATE STREET CORP 0.18% of their portfolio | 9.8m $3.0bn | Reduced -536.6k |
| JPMORGAN CHASE & CO 0.34% of their portfolio | 7.7m $2.4bn | Added +300.4k |
| BANK OF AMERICA CORP /DE/ 0.25% of their portfolio | 6.4m $2.0bn | Reduced -227.8k |
| MORGAN STANLEY 0.19% of their portfolio | 5.4m $1.7bn | Added +1.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.18% of their portfolio | 4.2m $1.3bn | Added +94.6k |
| WELLS FARGO & COMPANY/MN 0.40% of their portfolio | 4.1m $1.3bn | Added +13.0k |
| NORTHERN TRUST CORP 0.25% of their portfolio | 3.9m $1.2bn | Reduced -25.2k |
| FRANKLIN RESOURCES INC 0.60% of their portfolio | 3.7m $1.2bn | Reduced -1.2m |
| NORGES BANK 0.23% of their portfolio | 3.1m $962.4m | Added +690.8k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 3.50% of their portfolio | 3.0m $931.8m | Reduced -381.4k |
| PUBLIC INVESTMENT FUND 2.68% of their portfolio | 2.7m $827.8m | Unchanged |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.27% of their portfolio | 2.5m $759.7m | Added +1.5m |
| Bank of New York Mellon Corp 0.15% of their portfolio | 2.2m $672.4m | Reduced -9.6k |
| FMR LLC 0.07% of their portfolio | 2.1m $660.1m | Added +946.0k |
| Capital Research Global Investors 0.19% of their portfolio | 2.1m $638.4m | Added +102.4k |
| AMERICAN CENTURY COMPANIES INC 0.50% of their portfolio | 2.0m $606.7m | Added +254.8k |
| NEUBERGER BERMAN GROUP LLC 0.53% of their portfolio | 1.7m $538.4m | Added +35.2k |
| RAYMOND JAMES & ASSOCIATES 0.49% of their portfolio | 1.7m $528.9m | Added +25.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.08% of their portfolio | 1.7m $510.0m | Reduced -59.6k |
| Capital International Investors 0.13% of their portfolio | 1.6m $482.6m | Reduced -1.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.36% of their portfolio | 1.6m $481.7m | Reduced -17.5k |
| Bahl & Gaynor LLC 2.84% of their portfolio | 1.5m $455.4m | Reduced -52.3k |
| Fayez Sarofim & Co 1.65% of their portfolio | 1.4m $446.0m | Reduced -20.7k |
| LONDON CO OF VIRGINIA 2.58% of their portfolio | 1.4m $436.9m | Added +4.5k |
| UBS Group AG 0.20% of their portfolio | 1.4m $420.3m | Added +81.1k |
| CREDIT SUISSE AG/ 0.42% of their portfolio | 1.3m $392.4m | Reduced -57.4k |
| Legal & General Group Plc 0.14% of their portfolio | 1.2m $369.2m | Reduced -93.5k |
| Ensign Peak Advisors, Inc 0.81% of their portfolio | 1.2m $361.7m | Reduced -101.5k |
| GOLDMAN SACHS GROUP INC 0.10% of their portfolio | 1.2m $361.4m | Reduced -75.4k |
| Clearbridge Investments, LLC 0.35% of their portfolio | 1.1m $351.7m | Reduced -8.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.11% of their portfolio | 1.1m $347.3m | Added +25.6k |
| KING LUTHER CAPITAL MANAGEMENT CORP 1.85% of their portfolio | 1.1m $336.7m | Added +9.8k |
| FIRST TRUST ADVISORS LP 0.37% of their portfolio | 1.0m $311.8m | Reduced -32.6k |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 981.4k $302.6m | Reduced -57.7k |
| Swiss National Bank 0.20% of their portfolio | 901.5k $277.9m | Reduced -59.5k |
| Raymond James Financial Services Advisors, Inc. 0.56% of their portfolio | 899.6k $277.3m | Added +51.1k |
| PNC Financial Services Group, Inc. 0.24% of their portfolio | 802.8k $247.5m | Added +130.2k |
| Amundi 0.14% of their portfolio | 799.9k $250.2m | Reduced -145.8k |
| Invesco Ltd. 0.07% of their portfolio | 796.9k $245.7m | Reduced -419.1k |
| Nuveen Asset Management, LLC 0.09% of their portfolio | 791.4k $244.0m | Reduced -125.5k |
| BANK OF MONTREAL /CAN/ 0.11% of their portfolio | 765.4k $238.4m | Added +4.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.18% of their portfolio | 748.3k $230.7m | Reduced -14.0k |
| ProShare Advisors LLC 0.77% of their portfolio | 708.9k $218.5m | Reduced -9.8k |
| ROYAL BANK OF CANADA 0.07% of their portfolio | 708.8k $218.5m | Added +5.7k |
| Aberdeen Group plc 0.52% of their portfolio | 616.9k $190.2m | Reduced -10.1k |
| BESSEMER GROUP INC 0.44% of their portfolio | 589.1k $181.6m | Reduced -442 |
| Winslow Capital Management, LLC 1.00% of their portfolio | 580.6k $179.0m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 570.2k $175.8m | Reduced -11.0k |
| NATIXIS 0.98% of their portfolio | 538.8k $166.1m | Added +195.3k |
| LORD, ABBETT & CO. LLC 0.29% of their portfolio | 523.4k $161.3m | Added +280.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.19% of their portfolio | 522.4k $161.0m | Reduced -10.4k |
| TRUIST FINANCIAL CORP 0.28% of their portfolio | 514.1k $158.5m | Added +30.2k |
| California Public Employees Retirement System 0.13% of their portfolio | 488.4k $150.6m | Reduced -7.7k |
| Fenimore Asset Management Inc 3.94% of their portfolio | 475.6k $146.6m | Reduced -1.8k |
| Findlay Park Partners LLP 1.59% of their portfolio | 472.7k $145.7m | Reduced -9.7k |
| RHUMBLINE ADVISERS 0.19% of their portfolio | 455.7k $140.5m | Added +18.9k |
| CINCINNATI INSURANCE CO 2.80% of their portfolio | 454.8k $140.2m | Unchanged |
| DEUTSCHE BANK AG\ 0.08% of their portfolio | 447.4k $137.9m | Added +28.1k |
| DAVENPORT & Co LLC 1.11% of their portfolio | 439.0k $135.2m | Added +119 |
| Ninety One UK Ltd 0.43% of their portfolio | 430.4k $132.7m | New |
| Haverford Trust Co 1.61% of their portfolio | 424.7k $130.9m | Added +3.4k |
| BARCLAYS PLC 0.11% of their portfolio | 417.9k $128.8m | First filing |
| APG Asset Management N.V. 0.24% of their portfolio | 410.5k $126.6m | Added +38.2k |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 407.4k $125.7m | Reduced -7.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.16% of their portfolio | 388.7k $119.8m | Added +15.1k |
| Epoch Investment Partners, Inc. 0.71% of their portfolio | 387.7k $119.5m | Reduced -12.1k |
| Russell Investments Group, Ltd. 0.25% of their portfolio | 385.3k $119.5m | Reduced -53.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio | 381.0k $117.4m | Added +40.9k |
| STIFEL FINANCIAL CORP 0.17% of their portfolio | 377.8k $116.5m | Added +16.8k |
| HSBC HOLDINGS PLC 0.14% of their portfolio | 377.0k $115.9m | Added +10.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.18% of their portfolio | 371.7k $114.6m | Added +5.3k |
| Boston Trust Walden Corp 0.98% of their portfolio | 361.5k $111.4m | Added +8.8k |
| BRISTOL JOHN W & CO INC /NY/ 2.64% of their portfolio | 359.7k $110.9m | Added +930 |
| M&G INVESTMENT MANAGEMENT LTD 0.82% of their portfolio | 358.8k $110.5m | Reduced -41.5k |
| TD Asset Management Inc 0.14% of their portfolio | 355.6k $109.6m | Added +2.1k |
| Clean Energy Transition LLP 17.01% of their portfolio | 345.6k $106.5m | Added +105.5k |
| National Pension Service 0.20% of their portfolio | 335.7k $103.5m | Reduced -6.7k |
| Candriam S.C.A. 0.69% of their portfolio | 330.3k $101.8m | Reduced -43.6k |
| ROTHSCHILD & CO ASSET MANAGEMENT US INC. 1.54% of their portfolio | 329.6k $101.6m | Added +6.6k |
| MAR VISTA INVESTMENT PARTNERS LLC 4.29% of their portfolio | 310.6k $95.8m | Reduced -170.7k |
| M&T Bank Corp 0.37% of their portfolio | 297.9k $91.8m | Added +61.5k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 282.1k $87.0m | Reduced -4.5k |
| JANUS HENDERSON GROUP PLC 0.06% of their portfolio | 281.8k $86.9m | Reduced -296.7k |
| CITIGROUP INC 0.12% of their portfolio | 277.7k $85.6m | Reduced -67.7k |
| PERSONAL CAPITAL ADVISORS CORP 0.37% of their portfolio | 250.1k $77.1m | Added +4.2k |
| HighTower Advisors, LLC 0.17% of their portfolio | 241.3k $74.4m | Added +13.6k |
| ACADIAN ASSET MANAGEMENT LLC 0.37% of their portfolio | 240.8k $74.2m | Added +229.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.18% of their portfolio | 239.9k $73.9m | Reduced -5.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.18% of their portfolio | 232.8k $71.8m | Added +1.1k |
| LPL Financial LLC 0.06% of their portfolio | 232.7k $71.7m | Added +25.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.18% of their portfolio | 231.6k $71.4m | Added +155.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.17% of their portfolio | 225.6k $69.6m | Reduced -300 |
| AEGON ASSET MANAGEMENT UK Plc 1.25% of their portfolio | 224.3k $69.1m | Added +9.4k |
| Retirement Systems of Alabama 0.28% of their portfolio | 211.4k $65.2m | Reduced -2.6k |
| Korea Investment CORP 0.20% of their portfolio | 211.3k $65.1m | Reduced -90.5k |
| PRUDENTIAL FINANCIAL INC 0.11% of their portfolio | 208.8k $64.4m | Added +9.1k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.49% of their portfolio | 207.2k $63.9m | Reduced -15.1k |