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 ($8.1m this quarter). Holder counts are more reliable. Shares outstanding: 34.1m as of 2024-07-26, 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 ≈ $49.60. Options: 6 managers hold calls ($3.4m notional), 5 hold puts ($2.4m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 200 |
| Q4 2022 | 200 |
| Q1 2023 | 224 |
| Q2 2023 | 212 |
| Q3 2023 | 231 |
| Q4 2023 | 250 |
| Q1 2024 | 265 |
| Q2 2024 | 243 |
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 |
| Q3 2023 | 109 | 95 |
| Q4 2023 | 116 | 106 |
| Q1 2024 | 105 | 139 |
| Q2 2024 | 108 | 133 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $2.6m | $1.5m | 0.60 |
| Q4 2023 | $4.2m | $1.3m | 0.30 |
| Q1 2024 | $4.0m | $1.5m | 0.38 |
| Q2 2024 | $3.4m | $2.4m | 0.71 |
Biggest buyers
| T. Rowe Price Investment Management, Inc. | New | +317.1k |
| Pacer Advisors, Inc. | Added | +303.7k |
| GOLDMAN SACHS GROUP INC | Added | +136.0k |
| AMERICAN CENTURY COMPANIES INC | Added | +134.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +110.2k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +71.5k |
| Squarepoint Ops LLC | New | +46.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +36.8k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +36.6k |
| Man Group plc | Added | +33.7k |
Biggest sellers
| MORGAN STANLEY | Reduced | -777.2k |
| Nuveen Asset Management, LLC | Reduced | -176.4k |
| BlackRock Inc. | Reduced | -115.8k |
| Empowered Funds, LLC | Reduced | -82.7k |
| JPMORGAN CHASE & CO | Reduced | -72.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -68.8k |
| PRIVATE MANAGEMENT GROUP INC | Reduced | -67.6k |
| Invesco Ltd. | Reduced | -56.4k |
| CITADEL ADVISORS LLC | Reduced | -48.2k |
| Susquehanna Portfolio Strategies, LLC | Sold out | -32.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.7m33.9k shares |
| CITADEL ADVISORS LLC | Reduced | $967.2k19.5k shares |
| SIMPLEX TRADING, LLC | Added | $520.0k10.5k shares |
| Walleye Trading LLC | Reduced | $133.9k2.7k shares |
| GROUP ONE TRADING LLC | New | $69.4k1.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.1m42.0k shares |
| CITADEL ADVISORS LLC | Reduced | $208.3k4.2k shares |
| Walleye Trading LLC | New | $74.4k1.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $14.0k300 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 2024
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 2022 | 0 | — | 1 | $2.5m | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 3 | $2.0m | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 5 | $9.5m | $2.8m |
| Q4 2023 | 0 | — | 4 | $4.6m | $4.4m |
| Q1 2024 | 0 | — | 1 | $2.4m | $2.4m |
| Q2 2024 | 0 | — | 2 | $708.4k | $708.4k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-04-23 | Bowe Patrick E. President & CEO, director | Sold plan | $328.2k5.4k shares |
| 2024-04-22 | Bowe Patrick E. President & CEO, director | Sold plan | $203.3k3.4k shares |
| 2024-04-22 | ANDERSON MICHAEL J Director | Sold plan | $177.0k3.0k 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, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 5.3m $261.4m | Reduced -115.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 4.0m $197.5m | Added +16.2k |
| Pacer Advisors, Inc. 0.42% of their portfolio | 3.7m $185.4m | Added +303.7k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.8m $138.2m | Reduced -18.4k |
| STATE STREET CORP 0.00% of their portfolio | 1.3m $64.9m | Reduced -21.4k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 934.0k $46.3m | Added +134.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 770.5k $38.2m | Added +30.1k |
| Invesco Ltd. 0.01% of their portfolio | 742.7k $36.8m | Reduced -56.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 733.3k $36.4m | Reduced -72.2k |
| Mariner, LLC 0.06% of their portfolio | 603.2k $29.9m | Added +6.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 558.4k $27.7m | Reduced -24.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 528.1k $26.2m | Added +110.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 486.8k $24.1m | Added +136.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 456.6k $22.6m | Added +36.6k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 385.3k $19.1m | Reduced -9.1k |
| Venture Visionary Partners LLC 0.85% of their portfolio | 373.3k $18.5m | Reduced -8.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.07% of their portfolio | 343.2k $17.0m | Added +71.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 336.7k $16.7m | Added +6.0k |
| MORGAN STANLEY 0.00% of their portfolio | 323.2k $16.0m | Reduced -777.2k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.37% of their portfolio | 318.8k $15.8m | Added +11.3k |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 317.1k $15.7m | New |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 265.1k $13.1m | Reduced -4.4k |
| Empowered Funds, LLC 0.18% of their portfolio | 211.4k $10.4m | Reduced -82.7k |
| PANAGORA ASSET MANAGEMENT INC 0.05% of their portfolio | 207.9k $10.3m | Added +10.2k |
| Man Group plc 0.02% of their portfolio | 189.6k $9.4m | Added +33.7k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 175.1k $8.7m | Added +13.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 164.4k $8.2m | Reduced -5.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 159.6k $7.9m | Added +18.5k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 136.0k $6.7m | Reduced -176.4k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 130.2k $6.5m | Reduced -455 |
| ProShare Advisors LLC 0.02% of their portfolio | 118.4k $5.9m | Reduced -22.0k |
| PRIVATE MANAGEMENT GROUP INC 0.21% of their portfolio | 108.2k $5.4m | Reduced -67.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 106.0k $5.3m | Added +560 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 101.7k $5.0m | Reduced -1.1k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 93.7k $4.6m | Reduced -48.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 90.7k $4.5m | Reduced -68.8k |
| Legal & General Group Plc 0.00% of their portfolio | 89.0k $4.4m | Reduced -763 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 88.0k $4.4m | Added +4.4k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 85.8k $4.3m | Reduced -7.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 82.6k $4.1m | Added +36.8k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.04% of their portfolio | 77.4k $3.8m | Reduced -2.1k |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 75.8k $3.8m | Unchanged |
| SEI INVESTMENTS CO 0.01% of their portfolio | 74.7k $3.7m | Added +1.1k |
| ALPS ADVISORS INC 0.03% of their portfolio | 74.7k $3.7m | Reduced -7.0k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 69.9k $3.5m | Added +5.4k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 67.4k $3.3m | Reduced -653 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 66.8k $3.3m | Reduced -900 |
| Swiss National Bank 0.00% of their portfolio | 63.2k $3.1m | Unchanged |
| FIRST WILSHIRE SECURITIES MANAGEMENT INC 0.94% of their portfolio | 62.2k $3.1m | Reduced -714 |
| MARTINGALE ASSET MANAGEMENT L P 0.06% of their portfolio | 60.5k $3.0m | Added +2.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.00% of their portfolio | 55.3k $2.8m | Added +6.5k |
| CX Institutional 0.13% of their portfolio | 54.9k $2.7m | Added +2.1k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 52.8k $2.6m | Added +2.5k |
| Squarepoint Ops LLC 0.01% of their portfolio | 46.6k $2.3m | New |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 46.4k $2.3m | Reduced -11.6k |
| UBS Group AG 0.00% of their portfolio | 46.2k $2.3m | Reduced -16.9k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 44.8k $2.2m | Reduced -9.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 44.8k $2.2m | Reduced -1.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 42.0k $2.1m | Reduced -6.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 40.2k $2.0m | Added +1.2k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 40.0k $2.0m | Added +18.5k |
| SJS Investment Consulting Inc. 0.38% of their portfolio | 39.9k $2.0m | Reduced -35 |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 39.8k $2.0m | Added +6.6k |
| Advisors Asset Management, Inc. 0.04% of their portfolio | 39.6k $2.0m | Reduced -1.1k |
| De Lisle Partners LLP 0.42% of their portfolio | 38.5k $1.9m | Unchanged |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 38.5k $1.9m | Reduced -14.4k |
| TD Asset Management Inc 0.00% of their portfolio | 37.9k $1.9m | Unchanged |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 34.9k $1.7m | Added +19.9k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 34.0k $1.7m | Added +5.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 32.0k $1.6m | Reduced -651 |
| NISA INVESTMENT ADVISORS, LLC 0.01% of their portfolio | 31.2k $1.5m | Added +27 |
| CITIGROUP INC 0.00% of their portfolio | 28.5k $1.4m | Added +3.1k |
| Amundi 0.00% of their portfolio | 27.9k $1.4m | Reduced -972 |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 27.8k $1.4m | Added +71 |
| Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio | 27.6k $1.4m | Added +15.7k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 26.4k $1.3m | Reduced -941 |
| Global Retirement Partners, LLC 0.04% of their portfolio | 25.4k $1.3m | Added +24.2k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 24.0k $1.2m | Reduced -1.5k |
| Manatuck Hill Partners, LLC 0.50% of their portfolio | 23.0k $1.1m | Unchanged |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 22.7k $1.1m | Reduced -5.9k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 21.2k $1.1m | Unchanged |
| DEERFIELD MANAGEMENT COMPANY, L.P. 0.02% of their portfolio | 21.0k $1.0m | New |
| PRAXIS INVESTMENT MANAGEMENT INC 0.08% of their portfolio | 21.0k $1.2m | Unchanged |
| Summit Place Financial Advisors, LLC 0.61% of their portfolio | 21.0k $1.0m | Added +340 |
| CORNERCAP INVESTMENT COUNSEL INC 0.16% of their portfolio | 20.3k $1.0m | Added +6.5k |
| CWM, LLC 0.00% of their portfolio | 19.8k $981.0k | Added +171 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.02% of their portfolio | 19.2k $950.1k | New |
| Corebridge Financial, Inc. 0.01% of their portfolio | 18.9k $937.4k | First filing |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 18.7k $925.0k | Reduced -529 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 18.6k $924.3k | Reduced -4.4k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 18.6k $923.7k | Added +2.3k |
| Illinois Municipal Retirement Fund 0.01% of their portfolio | 18.1k $899.1k | Reduced -684 |
| WESBANCO BANK INC 0.03% of their portfolio | 17.5k $867.0k | Unchanged |
| EXCHANGE TRADED CONCEPTS, LLC 0.02% of their portfolio | 16.4k $811.5k | Added +960 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 16.3k $807.0k | First filing |
| SummerHaven Investment Management, LLC 0.53% of their portfolio | 16.1k $799.4k | Added +289 |
| Louisiana State Employees Retirement System 0.02% of their portfolio | 16.0k $793.6k | Added +400 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 15.6k $773.8k | Reduced -42 |
| NorthCrest Asset Manangement, LLC 0.02% of their portfolio | 15.1k $750.0k | Unchanged |
| STRS OHIO 0.00% of their portfolio | 15.1k $749.0k | Added +800 |