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 ($318.2m this quarter). Holder counts are more reliable. Shares outstanding: 222.7m as of 2026-06-30, 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 ≈ $295.25. Options: 28 managers hold calls ($563.3m notional), 29 hold puts ($374.3m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,474 |
| Q4 2022 | 1,613 |
| Q1 2023 | 1,587 |
| Q2 2023 | 1,621 |
| Q3 2023 | 1,631 |
| Q4 2023 | 1,717 |
| Q1 2024 | 1,658 |
| Q2 2024 | 1,680 |
| Q3 2024 | 1,679 |
| Q4 2024 | 1,800 |
| Q1 2025 | 1,794 |
| Q2 2025 | 1,749 |
| Q3 2025 | 1,705 |
| Q4 2025 | 1,665 |
| Q1 2026 | 1,787 |
| Q2 2026 | 1,769 |
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 | 730 | 753 |
| Q4 2024 | 718 | 755 |
| Q1 2025 | 790 | 826 |
| Q2 2025 | 734 | 852 |
| Q3 2025 | 680 | 819 |
| Q4 2025 | 531 | 987 |
| Q1 2026 | 849 | 732 |
| Q2 2026 | 711 | 861 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $475.2m | $125.5m | 0.26 |
| Q4 2025 | $369.5m | $208.2m | 0.56 |
| Q1 2026 | $470.1m | $217.2m | 0.46 |
| Q2 2026 | $563.3m | $374.3m | 0.66 |
Biggest buyers
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +3.1m |
| VIKING GLOBAL INVESTORS LP | Added | +636.3k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +381.9k |
| AKO CAPITAL LLP | Added | +320.0k |
| BlackRock, Inc. | Added | +262.3k |
| MARSHALL WACE, LLP | Added | +255.2k |
| Qube Research & Technologies Ltd | Added | +250.8k |
| MILLENNIUM MANAGEMENT LLC | Added | +224.2k |
| WORLDQUANT MILLENNIUM ADVISORS LLC | New | +200.8k |
| Capital Research Global Investors | Added | +191.6k |
Biggest sellers
| Sessa Capital IM, L.P. | Sold out | -1.2m |
| STIFEL FINANCIAL CORP | Reduced | -1.2m |
| JPMORGAN CHASE & CO | Reduced | -795.3k |
| Holocene Advisors, LP | Reduced | -707.8k |
| Balyasny Asset Management L.P. | Reduced | -623.0k |
| CITADEL ADVISORS LLC | Reduced | -552.9k |
| Point72 Asset Management, L.P. | Reduced | -548.9k |
| Capital International Investors | Reduced | -368.5k |
| GOLDMAN SACHS GROUP INC | Reduced | -311.8k |
| BANK OF AMERICA CORP /DE/ | Reduced | -292.6k |
Biggest calls
| UBS Group AG | Added | $224.5m765.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $87.3m297.7k shares |
| CITADEL ADVISORS LLC | Added | $65.8m224.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $47.0m160.4k shares |
| IMC-Chicago, LLC | Added | $27.1m92.3k shares |
| JANE STREET GROUP, LLC | Reduced | $22.3m76.2k shares |
| PEAK6 LLC | Reduced | $19.0m64.8k shares |
| Alphadyne Asset Management LP | New | $18.1m61.6k shares |
| Allianz Asset Management GmbH | Added | $7.5m25.6k shares |
| LMR Partners LLP | Unchanged | $7.1m24.2k shares |
Biggest puts
| Yaupon Capital Management LP | New | $73.3m250.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $65.1m222.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $51.5m175.6k shares |
| CITADEL ADVISORS LLC | Added | $35.6m121.4k shares |
| JANE STREET GROUP, LLC | Added | $34.2m116.8k shares |
| UBS Group AG | Reduced | $16.2m55.1k shares |
| IMC-Chicago, LLC | Added | $15.5m52.7k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $14.7m50.0k shares |
| SCOPUS ASSET MANAGEMENT, L.P. | New | $14.7m50.0k shares |
| Alphadyne Asset Management LP | New | $11.5m39.2k 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 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 | — | 0 | — | — |
| Q1 2025 | 0 | — | 10 | $11.6m | — |
| Q2 2025 | 1 | $1.5k | 1 | $1.4k | — |
| Q3 2025 | 0 | — | 1 | $397.3k | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 1 | $19.9m | — |
| Q2 2026 | 0 | — | 1 | $824.4k | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-05-01 | Schaeffer Melissa N. Exec Vice President and CFO | Sold | $824.4k2.7k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.08% of their portfolio | 18.3m $5.4bn | Added +262.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 14.5m $4.3bn | Added +73.1k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 2.38% of their portfolio | 11.8m $3.5bn | Unchanged |
| Capital Research Global Investors 0.43% of their portfolio | 10.6m $3.1bn | Added +191.6k |
| STATE STREET CORP 0.09% of their portfolio | 10.3m $3.0bn | Added +160.4k |
| Capital International Investors 0.58% of their portfolio | 9.6m $2.8bn | Reduced -368.5k |
| Dodge & Cox 1.44% of their portfolio | 9.4m $2.8bn | Added +161.9k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.12% of their portfolio | 8.8m $2.6bn | Added +3.1m |
| JPMORGAN CHASE & CO 0.08% of their portfolio | 5.3m $1.4bn | Reduced -795.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 5.0m $1.5bn | Added +28.6k |
| VIKING GLOBAL INVESTORS LP 3.96% of their portfolio | 4.7m $1.4bn | Added +636.3k |
| NORGES BANK 0.14% of their portfolio | 4.7m $1.4bn | Not comparable |
| BANK OF AMERICA CORP /DE/ 0.08% of their portfolio | 4.2m $1.2bn | Reduced -292.6k |
| FRANKLIN RESOURCES INC 0.22% of their portfolio | 3.4m $1.0bn | Reduced -50.5k |
| MORGAN STANLEY 0.05% of their portfolio | 3.2m $927.8m | Reduced -4.5k |
| RAYMOND JAMES FINANCIAL INC 0.25% of their portfolio | 3.2m $926.8m | Reduced -29.6k |
| NORTHERN TRUST CORP 0.10% of their portfolio | 3.0m $880.7m | Reduced -62.2k |
| ROYAL BANK OF CANADA 0.13% of their portfolio | 2.6m $774.4m | Added +120.1k |
| Clearbridge Investments, LLC 0.62% of their portfolio | 2.5m $744.0m | Reduced -73.8k |
| Aristotle Capital Management, LLC 1.55% of their portfolio | 2.5m $737.0m | Reduced -170.1k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.82% of their portfolio | 2.0m $599.3m | Reduced -148.1k |
| UBS Group AG 0.09% of their portfolio | 1.9m $547.3m | Reduced -181.8k |
| Bank of New York Mellon Corp 0.08% of their portfolio | 1.7m $495.2m | Reduced -23.8k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 1.6m $482.7m | Added +38.0k |
| WELLS FARGO & COMPANY/MN 0.08% of their portfolio | 1.5m $453.1m | Reduced -41.9k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 1.5m $426.7m | Reduced -311.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio | 1.4m $413.6m | Added +16.1k |
| FMR LLC 0.02% of their portfolio | 1.3m $386.6m | Reduced -28.4k |
| LONDON CO OF VIRGINIA 2.14% of their portfolio | 1.3m $375.6m | Reduced -35.6k |
| VANGUARD FIDUCIARY TRUST CO 0.08% of their portfolio | 1.2m $366.4m | Reduced -3.8k |
| Invesco Ltd. 0.03% of their portfolio | 1.1m $334.0m | Added +48.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 1.0m $305.1m | Reduced -30.4k |
| Legal & General Group Plc 0.06% of their portfolio | 1.0m $301.8m | Reduced -72.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 764.9k $224.2m | Reduced -19.8k |
| MILLENNIUM MANAGEMENT LLC 0.15% of their portfolio | 756.4k $221.8m | Added +224.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.10% of their portfolio | 675.1k $197.9m | Reduced -99.1k |
| Nuveen, LLC 0.04% of their portfolio | 642.7k $188.4m | Reduced -61.1k |
| Amundi 0.04% of their portfolio | 621.7k $182.3m | Reduced -77.9k |
| MARSHALL WACE, LLP 0.15% of their portfolio | 618.7k $181.4m | Added +255.2k |
| Swiss National Bank 0.09% of their portfolio | 596.6k $174.9m | Reduced -56.7k |
| ProShare Advisors LLC 0.25% of their portfolio | 586.0k $171.8m | Reduced -79.0k |
| D. E. Shaw & Co., Inc. 0.11% of their portfolio | 581.0k $170.3m | Reduced -140.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.09% of their portfolio | 554.1k $162.5m | Added +27.1k |
| AKO CAPITAL LLP 3.78% of their portfolio | 553.4k $162.2m | Added +320.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio | 514.9k $151.0m | Reduced -25.2k |
| BARCLAYS PLC 0.05% of their portfolio | 502.4k $147.3m | Reduced -129.6k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 497.2k $145.8m | Reduced -1.7k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.10% of their portfolio | 493.6k $144.7m | Added +45.3k |
| Vanguard Global Advisers, LLC 0.07% of their portfolio | 480.5k $140.9m | Reduced -6.9k |
| STIFEL FINANCIAL CORP 0.11% of their portfolio | 470.4k $137.9m | Reduced -1.2m |
| HSBC HOLDINGS PLC 0.07% of their portfolio | 469.4k $137.8m | Added +12.1k |
| CINCINNATI INSURANCE CO 1.98% of their portfolio | 469.2k $137.6m | Unchanged |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 463.3k $135.8m | Reduced -552.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.22% of their portfolio | 445.1k $688.0m | Reduced -138.6k |
| CITIGROUP INC 0.06% of their portfolio | 436.2k $127.9m | Added +162.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 430.9k $126.3m | Reduced -32.2k |
| LPL Financial LLC 0.03% of their portfolio | 427.4k $125.3m | Added +2.8k |
| Empower Advisory Group, LLC 0.28% of their portfolio | 403.5k $118.3m | Added +15.3k |
| Holocene Advisors, LP 0.27% of their portfolio | 403.1k $118.2m | Reduced -707.8k |
| ACADIAN ASSET MANAGEMENT LLC 0.14% of their portfolio | 390.5k $114.5m | Added +381.9k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 390.0k $114.3m | Reduced -8.2k |
| Tidal Investments LLC 0.27% of their portfolio | 382.5k $111.5m | Reduced -7.3k |
| RHUMBLINE ADVISERS 0.08% of their portfolio | 381.8k $111.9m | Added +1.2k |
| Douglas Lane & Associates, LLC 1.38% of their portfolio | 345.9k $101.4m | Added +61 |
| National Pension Service 0.06% of their portfolio | 342.2k $100.3m | Reduced -12.6k |
| BRISTOL JOHN W & CO INC /NY/ 1.48% of their portfolio | 341.2k $100.0m | Reduced -2.4k |
| Qube Research & Technologies Ltd 0.11% of their portfolio | 337.3k $98.9m | Added +250.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.05% of their portfolio | 330.7k $96.9m | Added +4.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 327.7k $96.1m | Added +5.5k |
| PNC Financial Services Group, Inc. 0.05% of their portfolio | 324.4k $95.1m | Reduced -20.6k |
| M&T Bank Corp 0.28% of their portfolio | 322.5k $94.6m | Added +5.8k |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 302.5k $88.6m | Reduced -2.5k |
| HighTower Advisors, LLC 0.08% of their portfolio | 299.6k $87.8m | Added +573 |
| NOMURA ASSET MANAGEMENT CO LTD 0.19% of their portfolio | 298.0k $87.4m | Added +27.8k |
| Haverford Trust Co 0.74% of their portfolio | 293.5k $86.1m | Reduced -34.5k |
| Bahl & Gaynor LLC 0.39% of their portfolio | 290.1k $85.0m | Reduced -88.1k |
| Janney Montgomery Scott LLC 0.16% of their portfolio | 273.7k $80.2m | Reduced -3.6k |
| California Public Employees Retirement System 0.04% of their portfolio | 268.6k $78.7m | Reduced -14.3k |
| NATIONAL BANK OF CANADA /FI/ 0.07% of their portfolio | 267.3k $78.4m | Added +91.9k |
| FIFTH THIRD BANCORP 0.12% of their portfolio | 248.6k $72.9m | Reduced -6.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 246.1k $72.2m | Reduced -12.6k |
| Corient Private Wealth LP 0.10% of their portfolio | 239.5k $70.2m | Reduced -6.5k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 237.5k $69.6m | Added +32.4k |
| SEI INVESTMENTS CO 0.06% of their portfolio | 237.4k $69.6m | Reduced -40.6k |
| STALEY CAPITAL ADVISERS INC 2.59% of their portfolio | 226.8k $66.5m | Added +10.0k |
| Capital International, Inc./CA/ 0.46% of their portfolio | 224.7k $65.9m | Added +1.1k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 220.9k $64.2m | Reduced -15.1k |
| Mariner, LLC 0.07% of their portfolio | 218.9k $64.2m | Added +3.8k |
| SG Americas Securities, LLC 0.04% of their portfolio | 218.2k $64.0m | Added +175.2k |
| ANCHOR CAPITAL ADVISORS LLC 1.73% of their portfolio | 209.6k $61.5m | Reduced -8.4k |
| Woodline Partners LP 0.19% of their portfolio | 207.3k $60.8m | Added +182.3k |
| STOREBRAND ASSET MANAGEMENT AS 0.15% of their portfolio | 206.5k $60.5m | Added +14.3k |
| DANSKE BANK A/S 0.12% of their portfolio | 204.3k $59.9m | Added +72.5k |
| STRS OHIO 0.22% of their portfolio | 203.7k $59.7m | Added +6.8k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 0.93% of their portfolio | 202.9k $59.5m | Reduced -14.6k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.20% of their portfolio | 200.8k $58.9m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.07% of their portfolio | 199.9k $58.6m | Reduced -12.0k |
| AVIVA PLC 0.08% of their portfolio | 191.6k $56.2m | Added +1.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.08% of their portfolio | 190.4k $55.8m | Added +6.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.09% of their portfolio | 185.6k $54.4m | Reduced -5.9k |