ARCHER DANIELS MIDLAND CO ADM
COM · Common Stock · CUSIP 039483102 · ISIN US0394831020
American global food processing and commodities trading corporation
* 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 ($52.3m this quarter). Holder counts are more reliable. Shares outstanding: 536.1m as of 2023-07-24, 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 ≈ $75.53. Options: 37 managers hold calls ($379.0m notional), 39 hold puts ($228.5m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,072 |
| Q4 2022 | 1,188 |
| Q1 2023 | 1,123 |
| Q2 2023 | 1,077 |
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 | 534 | 454 |
| Q1 2023 | 510 | 573 |
| Q2 2023 | 441 | 546 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $251.7m | $201.5m | 0.80 |
| Q4 2022 | $324.9m | $244.0m | 0.75 |
| Q1 2023 | $330.1m | $294.5m | 0.89 |
| Q2 2023 | $379.0m | $228.5m | 0.60 |
Biggest buyers
| STATE STREET CORP | Added | +1.3m |
| CITADEL ADVISORS LLC | Added | +862.7k |
| BARCLAYS PLC | Added | +679.8k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +648.9k |
| Balyasny Asset Management L.P. | Added | +571.9k |
| FIRST TRUST ADVISORS LP | Added | +508.7k |
| AMERIPRISE FINANCIAL INC | Added | +405.8k |
| Qube Research & Technologies Ltd | Added | +360.4k |
| Invesco Ltd. | Added | +319.0k |
| NATIONAL BANK OF CANADA /FI/ | Added | +311.3k |
Biggest sellers
| BlackRock Inc. | Reduced | -4.3m |
| FMR LLC | Reduced | -3.3m |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -2.3m |
| Capital World Investors | Reduced | -1.6m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -1.2m |
| BANK OF AMERICA CORP /DE/ | Reduced | -936.1k |
| Man Group plc | Sold out | -793.7k |
| STRS OHIO | Reduced | -708.4k |
| Bank of New York Mellon Corp | Reduced | -696.8k |
| AXA S.A. | Reduced | -508.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $91.8m1.2m shares |
| CITADEL ADVISORS LLC | Added | $49.8m659.2k shares |
| BlackRock Inc. | New | $33.4m442.5k shares |
| WOLVERINE TRADING, LLC | Added | $30.3m405.5k shares |
| Boundary Creek Advisors LP | Unchanged | $26.9m356.2k shares |
| JANE STREET GROUP, LLC | Reduced | $19.3m255.1k shares |
| BARCLAYS PLC | New | $17.0m224.5k shares |
| SIMPLEX TRADING, LLC | Added | $13.3m175.6k shares |
| IMC-Chicago, LLC | Added | $13.0m172.7k shares |
| GROUP ONE TRADING LLC | Added | $12.0m158.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $49.4m654.1k shares |
| NOMURA HOLDINGS INC | New | $33.4m442.5k shares |
| CITADEL ADVISORS LLC | Added | $26.4m349.3k shares |
| RAYMOND JAMES & ASSOCIATES | Unchanged | $13.5m158.0k shares |
| IMC-Chicago, LLC | Added | $9.9m130.7k shares |
| WOLVERINE TRADING, LLC | Reduced | $9.1m121.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $8.9m117.8k shares |
| SIMPLEX TRADING, LLC | Added | $8.3m109.3k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $8.1m1.1k shares |
| Walleye Trading LLC | Added | $6.0m80.0k 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% |
| STATE STREET CORP 13G · institution new · filed 2025-02-04 | 7.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-28 | 5.4% |
Fell to 5% or below in the last year: WELLINGTON MANAGEMENT GROUP LLP (3.6%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL 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 | — | 2 | $9.0m | — |
| Q1 2022 | 0 | — | 5 | $49.7m | — |
| Q2 2022 | 1 | $425 | 1 | $671.9k | — |
| Q3 2022 | 0 | — | 3 | $35.8m | — |
| Q4 2022 | 0 | — | 2 | $38.0m | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.11% of their portfolio | 62.3m $4.7bn | Reduced -320.2k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 3.47% of their portfolio | 46.8m $3.5bn | Unchanged |
| BlackRock Inc. 0.09% of their portfolio | 43.6m $3.3bn | Reduced -4.3m |
| STATE STREET CORP 0.12% of their portfolio | 31.4m $2.4bn | Added +1.3m |
| Capital World Investors 0.25% of their portfolio | 17.2m $1.3bn | Reduced -1.6m |
| Capital International Investors 0.31% of their portfolio | 17.1m $1.3bn | Added +3.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.21% of their portfolio | 14.3m $1.1bn | Added +648.9k |
| NORTHERN TRUST CORP 0.19% of their portfolio | 13.1m $986.2m | Added +6.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 10.0m $750.0m | Added +105.9k |
| FIRST TRUST ADVISORS LP 0.61% of their portfolio | 7.1m $534.0m | Added +508.7k |
| MORGAN STANLEY 0.05% of their portfolio | 6.1m $460.5m | Added +267.7k |
| NORGES BANK 0.09% of their portfolio | 5.8m $434.7m | Reduced -117.6k |
| MACQUARIE GROUP LTD 0.50% of their portfolio | 5.7m $433.9m | Added +115.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.12% of their portfolio | 4.8m $364.1m | Reduced -41.0k |
| MONETA GROUP INVESTMENT ADVISORS LLC 7.54% of their portfolio | 4.5m $340.4m | Reduced -49.1k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 4.3m $323.5m | Reduced -696.8k |
| Legal & General Group Plc 0.10% of their portfolio | 4.1m $311.9m | Added +121.5k |
| Invesco Ltd. 0.08% of their portfolio | 4.0m $301.8m | Added +319.0k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 3.9m $292.2m | Added +83.0k |
| AMERIPRISE FINANCIAL INC 0.08% of their portfolio | 3.5m $264.6m | Added +405.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio | 3.2m $241.4m | Added +13.3k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 2.7m $204.5m | Reduced -936.1k |
| DEUTSCHE BANK AG\ 0.11% of their portfolio | 2.7m $201.9m | Reduced -262.8k |
| Amundi 0.10% of their portfolio | 2.5m $191.5m | Reduced -47.2k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 2.4m $180.6m | Reduced -348.8k |
| ProShare Advisors LLC 0.49% of their portfolio | 2.2m $168.0m | Added +138.4k |
| AQR CAPITAL MANAGEMENT LLC 0.34% of their portfolio | 2.2m $162.1m | Added +256.8k |
| Swiss National Bank 0.10% of their portfolio | 2.0m $149.1m | Reduced -206.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 2.0m $157.2m | Unchanged |
| FMR LLC 0.01% of their portfolio | 2.0m $147.4m | Reduced -3.3m |
| LSV ASSET MANAGEMENT 0.30% of their portfolio | 1.8m $135.2m | Added +285.3k |
| Nuveen Asset Management, LLC 0.05% of their portfolio | 1.8m $134.2m | Added +8.5k |
| CREDIT SUISSE AG/ 0.13% of their portfolio | 1.7m $127.0m | Reduced -62.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.10% of their portfolio | 1.7m $126.4m | Reduced -148.5k |
| PRUDENTIAL FINANCIAL INC 0.18% of their portfolio | 1.6m $122.5m | Reduced -29.4k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 1.6m $119.3m | Reduced -90 |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.5m $111.3m | Reduced -348.9k |
| Markel Group Inc. 1.32% of their portfolio | 1.5m $110.6m | Unchanged |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.48% of their portfolio | 1.3m $101.8m | Added +52.5k |
| Sunflower Bank, N.A. 22.86% of their portfolio | 1.3m $98.3m | Reduced -171 |
| BARCLAYS PLC 0.06% of their portfolio | 1.3m $97.9m | Added +679.8k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 1.2m $93.0m | Reduced -54.3k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.82% of their portfolio | 1.1m $85.6m | Added +77.4k |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 1.1m $84.4m | Added +287 |
| CITADEL ADVISORS LLC 0.09% of their portfolio | 1.1m $80.6m | Added +862.7k |
| National Pension Service 0.13% of their portfolio | 1.1m $78.4m | Reduced -134.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.12% of their portfolio | 1.0m $78.7m | Reduced -51.7k |
| California Public Employees Retirement System 0.07% of their portfolio | 1.0m $78.2m | Reduced -60.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.10% of their portfolio | 1.0m $76.6m | Added +100.6k |
| State of Tennessee, Department of Treasury 0.33% of their portfolio | 1.0m $77.7m | Added +36.4k |
| UBS Group AG 0.03% of their portfolio | 971.3k $73.4m | Reduced -29.9k |
| Robeco Institutional Asset Management B.V. 0.19% of their portfolio | 934.0k $70.6m | Reduced -430.5k |
| Empower Advisory Group, LLC 0.30% of their portfolio | 912.0k $68.9m | Added +198.0k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 1.47% of their portfolio | 896.8k $67.8m | Reduced -71.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 886.7k $67.0m | Reduced -33.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.09% of their portfolio | 885.2k $66.9m | Reduced -18.3k |
| VAN ECK ASSOCIATES CORP 0.14% of their portfolio | 869.6k $65.7m | Reduced -82.7k |
| ASSETMARK, INC 0.26% of their portfolio | 861.0k $65.1m | Added +30.7k |
| Balyasny Asset Management L.P. 0.18% of their portfolio | 842.2k $63.6m | Added +571.9k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 801.0k $60.5m | Added +50.4k |
| PANAGORA ASSET MANAGEMENT INC 0.34% of their portfolio | 774.3k $58.5m | Reduced -6.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 734.5k $55.5m | Reduced -6.2k |
| RAYMOND JAMES & ASSOCIATES 0.04% of their portfolio | 695.1k $52.5m | Reduced -99.6k |
| D. E. Shaw & Co., Inc. 0.08% of their portfolio | 685.9k $51.8m | Added +215.8k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 678.8k $51.3m | Reduced -66.7k |
| INTECH INVESTMENT MANAGEMENT LLC 0.53% of their portfolio | 674.9k $51.0m | Added +310.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 674.0k $50.9m | Reduced -17.4k |
| Ensign Peak Advisors, Inc 0.10% of their portfolio | 666.8k $50.4m | Reduced -263.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.11% of their portfolio | 639.3k $48.3m | Reduced -29.8k |
| DekaBank Deutsche Girozentrale 0.11% of their portfolio | 633.7k $47.3m | Added +67.4k |
| Caisse de depot et placement du Quebec 0.13% of their portfolio | 631.0k $47.7m | Added +211.7k |
| Allianz Asset Management GmbH 0.09% of their portfolio | 619.0k $46.8m | Reduced -14.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.10% of their portfolio | 615.8k $46.5m | Reduced -34.6k |
| CITIGROUP INC 0.06% of their portfolio | 582.5k $44.0m | Reduced -16.4k |
| TORONTO DOMINION BANK 0.03% of their portfolio | 561.9k $42.4m | Added +285.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.09% of their portfolio | 560.1k $42.3m | Added +31.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.09% of their portfolio | 542.6k $41.0m | Reduced -5.2k |
| AXA S.A. 0.13% of their portfolio | 529.1k $40.0m | Reduced -508.9k |
| OLD REPUBLIC INTERNATIONAL CORP 1.26% of their portfolio | 507.0k $38.3m | Reduced -4.0k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.25% of their portfolio | 502.1k $37.9m | Reduced -32.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 500.3k $37.8m | Reduced -3.1k |
| NATIONAL BANK OF CANADA /FI/ 0.07% of their portfolio | 488.7k $37.4m | Added +311.3k |
| Baird Financial Group, Inc. 0.10% of their portfolio | 483.0k $36.5m | Added +4.9k |
| AVIVA PLC 0.15% of their portfolio | 477.4k $36.1m | Added +23.8k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 1.49% of their portfolio | 453.7k $34.3m | Added +159.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio | 445.4k $33.7m | Reduced -26.1k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 429.0k $32.4m | Reduced -114.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 427.2k $32.3m | Reduced -2.3m |
| MARTINGALE ASSET MANAGEMENT L P 0.63% of their portfolio | 426.3k $32.2m | Reduced -880 |
| STIFEL FINANCIAL CORP 0.04% of their portfolio | 420.4k $31.8m | Reduced -62.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio | 416.6k $31.5m | Reduced -132.1k |
| Swedbank AB 0.05% of their portfolio | 403.7k $30.5m | Added +13.0k |
| NOMURA ASSET MANAGEMENT CO LTD 0.14% of their portfolio | 402.6k $30.4m | Added +57.8k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 395.7k $29.9m | Added +39.1k |
| Brandywine Global Investment Management, LLC 0.25% of their portfolio | 391.6k $29.6m | Reduced -465.7k |
| Assenagon Asset Management S.A. 0.11% of their portfolio | 388.2k $29.3m | Added +28.3k |
| PINEBRIDGE INVESTMENTS, L.P. 0.31% of their portfolio | 386.4k $29.2m | Reduced -142.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.08% of their portfolio | 384.1k $29.0m | Reduced -13.9k |
| CANADA LIFE ASSURANCE Co 0.07% of their portfolio | 381.6k $29.0m | Added +57.0k |
| Qube Research & Technologies Ltd 0.11% of their portfolio | 381.4k $28.8m | Added +360.4k |