ANDERSONS INC ANDE
COM · Common Stock · CUSIP 034164103 · ISIN US0341641035
American agricultural business
- SectorIndustrials
- IndustryWholesale-Farm Product Raw Materials
- HeadquartersMaumee, OH
- Websiteandersonsinc.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 ($10.5m this quarter). Holder counts are more reliable. Shares outstanding: 33.8m as of 2023-07-21, 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 ≈ $46.13. Options: 5 managers hold calls ($1.5m notional), 3 hold puts ($484.1k).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 200 |
| Q4 2022 | 200 |
| Q1 2023 | 224 |
| Q2 2023 | 212 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 86 | 97 |
| Q1 2023 | 115 | 95 |
| Q2 2023 | 96 | 116 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $3.1m | $1.7m | 0.55 |
| Q4 2022 | $2.0m | $272.4k | 0.13 |
| Q1 2023 | $1.6m | $3.2m | 1.96 |
| Q2 2023 | $1.5m | $484.1k | 0.31 |
Biggest buyers
| Pacer Advisors, Inc. | New | +1.1m |
| WASATCH ADVISORS LP | New | +554.5k |
| Crossmark Global Holdings, Inc. | New | +255.8k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Added | +218.7k |
| AMERICAN CENTURY COMPANIES INC | Added | +177.3k |
| Empowered Funds, LLC | New | +113.6k |
| LSV ASSET MANAGEMENT | New | +92.4k |
| GOLDMAN SACHS GROUP INC | Added | +64.0k |
| RAYMOND JAMES & ASSOCIATES | Added | +61.5k |
| Manatuck Hill Partners, LLC | Added | +40.0k |
Biggest sellers
| MACKENZIE FINANCIAL CORP | Sold out | -284.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -170.9k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -170.4k |
| BlackRock Inc. | Reduced | -147.0k |
| VANGUARD GROUP INC | Reduced | -138.5k |
| Brandywine Global Investment Management, LLC | Reduced | -130.8k |
| Portolan Capital Management, LLC | Sold out | -104.6k |
| Invesco Ltd. | Reduced | -88.3k |
| BANK OF AMERICA CORP /DE/ | Reduced | -78.6k |
| Ceredex Value Advisors LLC | Reduced | -77.2k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $839.9k18.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $433.8k9.4k shares |
| GROUP ONE TRADING LLC | Added | $184.6k4.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $83.0k1.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $323.1k7.0k shares |
| SIMPLEX TRADING, LLC | Added | $161.0k3.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
| DIMENSIONAL FUND ADVISORS LP 13G · institution filed 2025-04-15 | 7.2% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-28 | 7.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 2023
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 |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $8.3m | — |
| Q1 2022 | 0 | — | 3 | $9.5m | — |
| Q2 2022 | 0 | — | 1 | $1.6m | — |
| Q3 2022 | 0 | — | 1 | $2.5m | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 3 | $2.0m | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 5.3m $243.7m | Reduced -147.0k |
| VANGUARD GROUP INC 0.00% of their portfolio | 3.9m $181.1m | Reduced -138.5k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.7m $125.4m | Added +19.6k |
| STATE STREET CORP 0.00% of their portfolio | 1.2m $56.1m | Added +4.6k |
| Invesco Ltd. 0.01% of their portfolio | 1.1m $50.8m | Reduced -88.3k |
| Pacer Advisors, Inc. 0.20% of their portfolio | 1.1m $49.7m | New |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 742.7k $34.3m | Reduced -44.1k |
| PRIVATE MANAGEMENT GROUP INC 1.41% of their portfolio | 720.4k $33.2m | Reduced -43.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 661.3k $30.5m | Added +23.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 651.2k $30.1m | Added +6.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 643.6k $29.7m | Added +29.0k |
| Mariner, LLC 0.07% of their portfolio | 601.6k $27.8m | Reduced -384 |
| WASATCH ADVISORS LP 0.15% of their portfolio | 554.5k $25.6m | New |
| Venture Visionary Partners LLC 1.39% of their portfolio | 512.0k $23.6m | Reduced -14.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 453.0k $20.9m | Reduced -6.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 431.2k $19.9m | Reduced -60.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 401.7k $18.5m | Reduced -8.3k |
| MORGAN STANLEY 0.00% of their portfolio | 394.0k $18.2m | Reduced -27.8k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 314.1k $14.5m | Added +32.2k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 303.3k $14.0m | Added +19.2k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.30% of their portfolio | 274.1k $12.6m | Added +218.7k |
| Crossmark Global Holdings, Inc. 0.27% of their portfolio | 255.8k $12.7m | New |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 245.4k $11.3m | Added +177.3k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.29% of their portfolio | 232.8k $10.7m | Reduced -9.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.06% of their portfolio | 227.1k $10.5m | Reduced -170.4k |
| Ceredex Value Advisors LLC 0.16% of their portfolio | 211.3k $9.8m | Reduced -77.2k |
| ProShare Advisors LLC 0.03% of their portfolio | 190.1k $8.8m | Reduced -16.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 179.1k $8.3m | Reduced -9.2k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 174.7k $8.1m | Added +3.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 162.5k $7.5m | Added +64.0k |
| Brandywine Global Investment Management, LLC 0.05% of their portfolio | 130.9k $6.0m | Reduced -130.8k |
| Empowered Funds, LLC 0.18% of their portfolio | 113.6k $5.2m | New |
| EA Series Trust 0.18% of their portfolio | 113.6k $5.2m | First filing |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 106.8k $4.9m | Added +22.0k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 102.9k $4.7m | Reduced -824 |
| FIRST WILSHIRE SECURITIES MANAGEMENT INC 1.51% of their portfolio | 95.4k $4.4m | Added +474 |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 95.2k $3.1m | Added +23.4k |
| PANAGORA ASSET MANAGEMENT INC 0.03% of their portfolio | 93.0k $4.3m | Reduced -13.0k |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 92.4k $4.3m | New |
| Legal & General Group Plc 0.00% of their portfolio | 89.9k $4.1m | Added +12.5k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 89.8k $4.1m | Reduced -43.4k |
| BARCLAYS PLC 0.00% of their portfolio | 77.5k $3.6m | Added +957 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 76.2k $3.5m | Reduced -45.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 74.6k $3.4m | Added +1.8k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 71.7k $3.3m | Reduced -365 |
| Manatuck Hill Partners, LLC 1.56% of their portfolio | 71.2k $3.3m | Added +40.0k |
| Swiss National Bank 0.00% of their portfolio | 69.5k $3.2m | Added +700 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 68.7k $3.2m | Reduced -5.4k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 67.3k $3.1m | Added +61.5k |
| Advisors Asset Management, Inc. 0.06% of their portfolio | 60.5k $2.8m | Added +4.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 56.0k $2.6m | Reduced -6.6k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 55.9k $2.6m | Added +1.1k |
| HUSSMAN STRATEGIC ADVISORS, INC. 0.39% of their portfolio | 46.5k $2.1m | Reduced -46.5k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 44.7k $2.1m | Added +7.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 41.1k $1.9m | Added +25.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 40.3k $1.7m | Unchanged |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 40.0k $1.9m | Reduced -1.4k |
| SJS Investment Consulting Inc. 0.46% of their portfolio | 40.0k $1.8m | Unchanged |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 39.6k $1.8m | Reduced -14.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 38.8k $1.8m | Reduced -1.1k |
| Amundi 0.00% of their portfolio | 38.3k $1.8m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 37.7k $1.7m | Added +437 |
| NORDEA INVESTMENT MANAGEMENT AB 0.00% of their portfolio | 37.7k $1.7m | Added +21.7k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio | 35.6k $1.6m | Added +2.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 35.4k $1.6m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 34.8k $1.6m | Reduced -78.6k |
| UBS Group AG 0.00% of their portfolio | 33.3k $1.5m | Reduced -7.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 32.0k $1.5m | Reduced -26.8k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.02% of their portfolio | 31.2k $1.4m | New |
| NISA INVESTMENT ADVISORS, LLC 0.01% of their portfolio | 31.2k $1.4m | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 30.8k $1.4m | Added +18.5k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 30.1k $1.4m | Reduced -742 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 29.8k $1.4m | Reduced -4.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 28.4k $1.3m | Added +1.7k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.01% of their portfolio | 27.7k $1.3m | Reduced -206 |
| Investors Research Corp 0.32% of their portfolio | 27.4k $1.3m | Added +200 |
| PRAXIS INVESTMENT MANAGEMENT INC 0.09% of their portfolio | 27.1k $1.1m | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 27.0k $1.2m | New |
| MARTINGALE ASSET MANAGEMENT L P 0.02% of their portfolio | 26.9k $1.2m | Added +2.5k |
| CITIGROUP INC 0.00% of their portfolio | 26.7k $1.2m | Added +12.5k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 25.5k $1.2m | New |
| B. Metzler seel. Sohn & Co. AG 0.02% of their portfolio | 25.2k $1.2m | New |
| Summit Global Investments 0.07% of their portfolio | 24.4k $1.1m | Added +752 |
| HANTZ FINANCIAL SERVICES, INC. 0.03% of their portfolio | 24.2k $1.1m | Reduced -569 |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 23.8k $1.1m | Added +14.4k |
| SummerHaven Investment Management, LLC 0.68% of their portfolio | 23.2k $1.1m | Reduced -2.7k |
| Inspire Advisors, LLC 0.20% of their portfolio | 22.2k $1.0m | Added +2.4k |
| Summit Place Financial Advisors, LLC 0.66% of their portfolio | 22.0k $1.0m | Added +6.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 21.8k $1.0m | Added +371 |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 21.6k $996.4k | Added +6.9k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 21.2k $978.4k | Unchanged |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 20.9k $965.0k | Added +2.5k |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 20.7k $955.0k | Reduced -602 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 20.6k $951.2k | Added +12.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 19.9k $916.9k | Added +3.0k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.09% of their portfolio | 18.5k $853.4k | New |
| STRS OHIO 0.00% of their portfolio | 17.6k $812.0k | Reduced -1.0k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 17.6k $811.4k | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 17.5k $808.8k | Added +78 |
| WESBANCO BANK INC 0.03% of their portfolio | 17.5k $807.0k | Unchanged |