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 ($91.2m this quarter). Holder counts are more reliable. Shares outstanding: 480.5m as of 2025-07-28, 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 ≈ $52.76. Options: 37 managers hold calls ($375.6m notional), 34 hold puts ($210.5m).
Trends to Q2 2025
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 |
| Q3 2023 | 1,117 |
| Q4 2023 | 1,117 |
| Q1 2024 | 1,053 |
| Q2 2024 | 1,027 |
| Q3 2024 | 1,000 |
| Q4 2024 | 966 |
| Q1 2025 | 946 |
| Q2 2025 | 933 |
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 2023 | 512 | 478 |
| Q4 2023 | 448 | 557 |
| Q1 2024 | 499 | 594 |
| Q2 2024 | 429 | 517 |
| Q3 2024 | 393 | 533 |
| Q4 2024 | 351 | 551 |
| Q1 2025 | 421 | 460 |
| Q2 2025 | 418 | 454 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $406.6m | $240.2m | 0.59 |
| Q4 2024 | $315.6m | $198.7m | 0.63 |
| Q1 2025 | $245.5m | $260.2m | 1.06 |
| Q2 2025 | $375.6m | $210.5m | 0.56 |
Biggest buyers
| Dodge & Cox | New | +6.5m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +3.2m |
| MILLENNIUM MANAGEMENT LLC | Added | +2.5m |
| ROYAL BANK OF CANADA | Added | +2.5m |
| STEADFAST CAPITAL MANAGEMENT LP | New | +840.5k |
| CITADEL ADVISORS LLC | Added | +811.3k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH | New | +740.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +620.8k |
| JPMORGAN CHASE & CO | Added | +561.6k |
| Woodline Partners LP | Added | +521.4k |
Biggest sellers
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -2.5m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -2.5m |
| Invesco Ltd. | Reduced | -1.5m |
| AMERIPRISE FINANCIAL INC | Reduced | -1.3m |
| Ruffer LLP | Reduced | -914.8k |
| Qube Research & Technologies Ltd | Sold out | -882.5k |
| UBS Group AG | Reduced | -803.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -766.6k |
| GOLDMAN SACHS GROUP INC | Reduced | -659.1k |
| Squarepoint Ops LLC | Reduced | -527.8k |
Biggest calls
| MASTERS CAPITAL MANAGEMENT LLC | New | $52.8m1.0m shares |
| CITADEL ADVISORS LLC | Added | $43.6m826.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $39.7m752.3k shares |
| PEAK6 LLC | Added | $26.7m505.8k shares |
| IMC-Chicago, LLC | Added | $23.1m438.6k shares |
| CITIGROUP INC | Added | $22.3m421.7k shares |
| JANE STREET GROUP, LLC | Added | $21.8m413.5k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $17.3m327.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $17.2m326.5k shares |
| GROUP ONE TRADING LLC | Added | $16.8m319.2k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $24.7m468.4k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $20.5m3.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $18.9m358.2k shares |
| GOLDMAN SACHS GROUP INC | Added | $18.9m357.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $11.7m222.1k shares |
| GROUP ONE TRADING LLC | Reduced | $10.3m195.4k shares |
| IMC-Chicago, LLC | Reduced | $9.9m186.7k shares |
| BANK OF AMERICA CORP /DE/ | Added | $9.7m184.5k shares |
| Walleye Capital LLC | Added | $7.4m140.1k shares |
| UBS Group AG | Added | $6.9m130.2k 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% |
| 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 2025
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 2023 | 0 | — | 1 | $126.3k | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 1 | $419.3k | — |
| Q3 2024 | 0 | — | 1 | $19.7m | $19.7m |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 60.2m $3.2bn | Reduced -3.8k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 2.18% of their portfolio | 46.8m $2.5bn | Unchanged |
| BlackRock, Inc. 0.05% of their portfolio | 44.8m $2.4bn | Reduced -120.1k |
| STATE STREET CORP 0.07% of their portfolio | 34.6m $1.8bn | Added +223.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.27% of their portfolio | 28.1m $1.5bn | Added +3.2m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.17% of their portfolio | 18.1m $954.1m | Added +620.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 12.5m $654.8m | Added +283.2k |
| NORTHERN TRUST CORP 0.08% of their portfolio | 11.0m $582.9m | Reduced -404.5k |
| MORGAN STANLEY 0.02% of their portfolio | 7.0m $372.1m | Added +333.1k |
| Dodge & Cox 0.19% of their portfolio | 6.5m $345.7m | New |
| NORGES BANK 0.04% of their portfolio | 6.4m $340.2m | Added +51.8k |
| Invesco Ltd. 0.06% of their portfolio | 6.3m $332.6m | Reduced -1.5m |
| UBS Group AG 0.05% of their portfolio | 4.5m $235.1m | Reduced -803.7k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 3.7m $193.7m | Added +2.5m |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 3.5m $183.7m | Added +465.1k |
| ProShare Advisors LLC 0.36% of their portfolio | 3.4m $178.2m | Reduced -77.1k |
| MONETA GROUP INVESTMENT ADVISORS LLC 2.06% of their portfolio | 3.3m $172.8m | Added +166 |
| Bank of New York Mellon Corp 0.03% of their portfolio | 2.8m $148.0m | Reduced -226.4k |
| FMR LLC 0.01% of their portfolio | 2.6m $138.8m | Reduced -177.4k |
| FIRST TRUST ADVISORS LP 0.11% of their portfolio | 2.6m $138.2m | Reduced -211.1k |
| Legal & General Group Plc 0.03% of their portfolio | 2.6m $137.7m | Reduced -329.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 2.6m $135.8m | Added +318.8k |
| MILLENNIUM MANAGEMENT LLC 0.12% of their portfolio | 2.5m $134.4m | Added +2.5m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 2.4m $125.5m | Reduced -659.1k |
| LSV ASSET MANAGEMENT 0.27% of their portfolio | 2.2m $115.5m | Reduced -113.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.1m $111.2m | Added +118.6k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.1m $110.9m | Added +561.6k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.8m $92.5m | Reduced -93.0k |
| BARCLAYS PLC 0.04% of their portfolio | 1.7m $91.7m | Added +117.1k |
| Nuveen, LLC 0.03% of their portfolio | 1.7m $90.8m | Added +27.5k |
| Empower Advisory Group, LLC 0.25% of their portfolio | 1.6m $83.9m | Added +133.7k |
| Markel Group Inc. 0.70% of their portfolio | 1.6m $83.1m | Added +22.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 1.5m $81.3m | Added +35.0k |
| Swiss National Bank 0.05% of their portfolio | 1.5m $76.7m | Added +103.8k |
| AustralianSuper Pty Ltd 0.39% of their portfolio | 1.4m $76.1m | Reduced -288.3k |
| THOMPSON SIEGEL & WALMSLEY LLC 1.20% of their portfolio | 1.3m $70.9m | Reduced -248.4k |
| Vest Financial, LLC 0.95% of their portfolio | 1.3m $67.0m | Reduced -107.1k |
| Amundi 0.02% of their portfolio | 1.2m $68.3m | Reduced -262.3k |
| VAN ECK ASSOCIATES CORP 0.06% of their portfolio | 1.1m $57.3m | Added +68.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 1.1m $56.0m | Reduced -21.2k |
| CITIGROUP INC 0.04% of their portfolio | 1.0m $53.7m | Added +427.8k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 1.0m $53.3m | Added +29.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 1.0m $53.1m | Added +28.6k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 982.5k $51.9m | Added +811.3k |
| National Pension Service 0.04% of their portfolio | 927.8k $49.0m | Added +5.5k |
| NOMURA ASSET MANAGEMENT CO LTD 0.13% of their portfolio | 923.4k $48.7m | Added +24.2k |
| STEADFAST CAPITAL MANAGEMENT LP 0.83% of their portfolio | 840.5k $44.4m | New |
| PGGM Investments 0.76% of their portfolio | 830.2k $43.8m | Added +404.1k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 811.5k $42.8m | Reduced -30.8k |
| California Public Employees Retirement System 0.03% of their portfolio | 811.3k $42.8m | Added +37.8k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 1.10% of their portfolio | 740.7k $39.1m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 732.5k $38.7m | Reduced -299.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 713.6k $37.7m | Added +3.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.15% of their portfolio | 710.9k $37.5m | Reduced -766.6k |
| Brandywine Global Investment Management, LLC 0.24% of their portfolio | 658.2k $34.7m | Reduced -183.6k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 644.1k $34.0m | Added +53.9k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 606.6k $32.0m | Reduced -63.8k |
| Allianz Asset Management GmbH 0.04% of their portfolio | 598.5k $31.6m | Added +227.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 576.2k $30.4m | Reduced -34.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 571.1k $30.1m | Reduced -47 |
| Woodline Partners LP 0.16% of their portfolio | 561.9k $29.7m | Added +521.4k |
| FIL Ltd 0.02% of their portfolio | 516.7k $27.3m | Added +286.7k |
| Mirae Asset Global Investments Co., Ltd. 0.09% of their portfolio | 509.0k $26.9m | Added +50.0k |
| Ensign Peak Advisors, Inc 0.05% of their portfolio | 507.5k $26.8m | Reduced -146.9k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.32% of their portfolio | 506.0k $26.7m | Reduced -479 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 497.6k $26.3m | Added +5.3k |
| Yaupon Capital Management LP 1.73% of their portfolio | 494.3k $26.1m | New |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 483.1k $25.5m | Reduced -125.4k |
| KLP KAPITALFORVALTNING AS 0.11% of their portfolio | 481.3k $25.4m | Added +28.8k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 480.8k $25.4m | Added +45.8k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 469.2k $24.8m | Reduced -1.3m |
| Schonfeld Strategic Advisors LLC 0.19% of their portfolio | 465.0k $24.5m | Added +453.9k |
| Balyasny Asset Management L.P. 0.06% of their portfolio | 460.8k $24.3m | New |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 454.2k $24.0m | Reduced -9.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 453.8k $24.0m | Added +153.8k |
| ALPS ADVISORS INC 0.14% of their portfolio | 451.9k $23.8m | Reduced -60.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 440.1k $23.2m | Added +3.4k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 401.4k $21.2m | Added +109.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 386.8k $20.4m | Reduced -61.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 383.4k $20.2m | Reduced -4.3k |
| AE Wealth Management LLC 0.14% of their portfolio | 369.9k $19.5m | Added +341.5k |
| Swedbank AB 0.02% of their portfolio | 364.6k $19.2m | First filing |
| AVIVA PLC 0.04% of their portfolio | 360.2k $19.0m | Added +22.0k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 356.2k $18.8m | Reduced -43.3k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 349.8k $18.5m | Added +546 |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 347.0k $18.1m | Reduced -273.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio | 344.2k $18.2m | Reduced -61.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 325.3k $17.2m | Reduced -31.2k |
| Gotham Asset Management, LLC 0.10% of their portfolio | 320.4k $16.9m | Added +173.4k |
| LPL Financial LLC 0.01% of their portfolio | 315.9k $16.7m | Reduced -17.8k |
| Williams Jones Wealth Management, LLC. 0.20% of their portfolio | 315.4k $16.6m | Reduced -1.6k |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 310.1k $16.4m | Reduced -14.3k |
| Marathon Asset Management Ltd 0.49% of their portfolio | 292.3k $15.4m | Reduced -4.1k |
| Cerity Partners LLC 0.03% of their portfolio | 288.4k $15.2m | Added +27.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 284.3k $15.0m | Reduced -2.5m |
| Aberdeen Group plc 0.03% of their portfolio | 281.5k $14.9m | Added +15.7k |
| GAMCO INVESTORS, INC. ET AL 0.15% of their portfolio | 281.4k $14.9m | Reduced -4.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 280.4k $14.8m | Reduced -17.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 272.3k $14.4m | Reduced -8.9k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.03% of their portfolio | 270.6k $14.3m | Reduced -82.7k |