ASHLAND INC ASH
COM · Common Stock · CUSIP 044186104 · ISIN US0441861046
- SectorIndustrials
- IndustryWholesale-Chemicals & Allied Products
- HeadquartersWilmington, DE
- Founded1924
- Websiteashland.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 ($3.4m this quarter). Holder counts are more reliable. Shares outstanding: 51.3m as of 2023-10-31, 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 ≈ $81.96. Options: 7 managers hold calls ($6.2m notional), 11 hold puts ($9.8m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 337 |
| Q4 2022 | 371 |
| Q1 2023 | 358 |
| Q2 2023 | 339 |
| Q3 2023 | 327 |
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 | 167 | 125 |
| Q1 2023 | 135 | 170 |
| Q2 2023 | 138 | 198 |
| Q3 2023 | 145 | 168 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $37.9m | $23.3m | 0.62 |
| Q1 2023 | $14.1m | $9.9m | 0.70 |
| Q2 2023 | $12.5m | $22.2m | 1.78 |
| Q3 2023 | $6.2m | $9.8m | 1.58 |
Biggest buyers
| Allspring Global Investments Holdings, LLC | Added | +824.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +560.9k |
| Standard Investments LLC | Added | +473.8k |
| MILLENNIUM MANAGEMENT LLC | Added | +283.9k |
| ATLANTIC INVESTMENT MANAGEMENT, INC. | New | +280.1k |
| Diamond Hill Capital Management, LLC (Investment Advisor) | Added | +248.6k |
| WCM INVESTMENT MANAGEMENT, LLC | Added | +205.6k |
| DIMENSIONAL FUND ADVISORS LP | Added | +155.3k |
| DEPRINCE RACE & ZOLLO INC | New | +131.8k |
| RENAISSANCE TECHNOLOGIES LLC | New | +124.4k |
Biggest sellers
| NEUBERGER BERMAN GROUP LLC | Reduced | -609.1k |
| CIBC Private Wealth Group LLC | Reduced | -408.4k |
| CITADEL ADVISORS LLC | Reduced | -400.0k |
| LUMINUS MANAGEMENT LLC | Reduced | -256.2k |
| FMR LLC | Reduced | -226.2k |
| BlackRock Inc. | Reduced | -224.7k |
| Verition Fund Management LLC | Reduced | -198.4k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO | Reduced | -137.8k |
| CLEARFIELD CAPITAL MANAGEMENT LP | Sold out | -129.7k |
| EMINENCE CAPITAL, LP | Reduced | -101.4k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $2.3m28.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.3m16.3k shares |
| JANE STREET GROUP, LLC | Reduced | $1.0m12.6k shares |
| Walleye Trading LLC | Reduced | $743.3k9.1k shares |
| Cubist Systematic Strategies, LLC | Added | $653.4k8.0k shares |
| Walleye Capital LLC | New | $130.7k1.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Parallax Volatility Advisers, L.P. | Unchanged | $4.1m50.0k shares |
| D. E. Shaw & Co., Inc. | New | $1.9m23.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $849.5k10.4k shares |
| PEAK6 Investments LLC | Reduced | $686.1k8.4k shares |
| Walleye Trading LLC | New | $677.9k8.3k shares |
| Cubist Systematic Strategies, LLC | Unchanged | $604.4k7.4k shares |
| CITADEL ADVISORS LLC | Added | $530.9k6.5k shares |
| Walleye Capital LLC | New | $383.9k4.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $73.0k900 shares |
| GROUP ONE TRADING LLC | Reduced | $24.5k300 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 |
|---|---|
| BlackRock, Inc. 13G · institution +3.3 pts · filed 2026-07-08 | 12.3% |
Standard Investments LLC
13D · may seek influence
+1.1 pts · filed 2026-05-18
Stated purposeItem 4 is amended and supplemented by adding the following: The Reporting Persons acquired additional Shares as disclosed in Item 5(c) below because they believe the Shares represent an attractive investment opportunity. Full filing |
8.9% |
| COOPERMAN LEON G 13G · passive investor new · filed 2026-08-05 | 6.4% |
| FRANKLIN TEMPLETON INC 13G · institution -2.3 pts · filed 2026-10-28 | 5.6% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution +0.6 pts · filed 2026-04-09 | 5.5% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.4% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
Fell to 5% or below in the last year: MASSACHUSETTS FINANCIAL SERVICES CO /MA/ (4.5%, 2026-08-12), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), AQR CAPITAL MANAGEMENT LLC (5.0%, 2026-02-12)
Insider purchases and sales in Q3 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 |
|---|---|---|---|---|---|
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 1 | $4.9m | 2 | $738.1k | — |
| Q3 2022 | 1 | $22.5m | 1 | $22.5m | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 1 | $680.7k | $680.7k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-09-05 | WILLIS J KEVIN Sr.VP &Chief Financial Officer | Sold plan | $680.7k7.9k 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, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 5.1m $415.1m | Added +7.1k |
| BlackRock Inc. 0.01% of their portfolio | 4.5m $364.5m | Reduced -224.7k |
| EMINENCE CAPITAL, LP 5.68% of their portfolio | 3.5m $287.0m | Reduced -101.4k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 2.6m $212.0m | Added +155.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio | 2.3m $184.6m | Added +560.9k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.77% of their portfolio | 2.0m $159.5m | Added +248.6k |
| STATE STREET CORP 0.01% of their portfolio | 1.8m $144.1m | Added +8.0k |
| Allspring Global Investments Holdings, LLC 0.21% of their portfolio | 1.4m $115.6m | Added +824.6k |
| Clearbridge Investments, LLC 0.11% of their portfolio | 1.4m $114.7m | Added +29.9k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.4m $113.8m | Reduced -60.7k |
| NEUBERGER BERMAN GROUP LLC 0.10% of their portfolio | 1.4m $110.5m | Reduced -609.1k |
| COOPERMAN LEON G 4.11% of their portfolio | 960.1k $78.4m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 744.9k $60.9m | Added +24.4k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 736.8k $60.2m | Added +283.9k |
| 1832 Asset Management L.P. 0.11% of their portfolio | 670.8k $54.8m | Added +11.7k |
| Ceredex Value Advisors LLC 0.96% of their portfolio | 667.9k $54.5m | Added +17.4k |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 647.9k $52.9m | Reduced -17.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 626.5k $51.2m | Added +51.3k |
| Newport Trust Company, LLC 0.15% of their portfolio | 611.6k $50.0m | Reduced -9.5k |
| Invesco Ltd. 0.01% of their portfolio | 609.5k $49.8m | Reduced -35.6k |
| Standard Investments LLC 3.26% of their portfolio | 594.2k $48.5m | Added +473.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.07% of their portfolio | 579.0k $47.3m | Reduced -87.0k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT 1.99% of their portfolio | 566.4k $46.3m | Reduced -24.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 505.3k $41.3m | Reduced -16.3k |
| CRAMER ROSENTHAL MCGLYNN LLC 1.93% of their portfolio | 423.2k $34.6m | Reduced -1.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 410.4k $33.5m | Added +36.8k |
| MORGAN STANLEY 0.00% of their portfolio | 375.5k $30.7m | Added +36.8k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 365.9k $29.9m | Added +124.2k |
| NewEdge Wealth, LLC 0.89% of their portfolio | 345.5k $28.2m | Reduced -7.1k |
| Boston Partners 0.04% of their portfolio | 337.2k $27.3m | Reduced -7.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio | 317.5k $25.9m | Reduced -4.7k |
| ATLANTIC INVESTMENT MANAGEMENT, INC. 11.40% of their portfolio | 280.1k $22.9m | New |
| FMR LLC 0.00% of their portfolio | 279.6k $22.8m | Reduced -226.2k |
| Handelsbanken Fonder AB 0.12% of their portfolio | 272.5k $22.3m | Added +10.1k |
| NATIXIS ADVISORS, LLC 0.06% of their portfolio | 255.7k $20.9m | Added +67.8k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 244.1k $19.9m | Reduced -400.0k |
| LUMINUS MANAGEMENT LLC 5.96% of their portfolio | 236.5k $19.3m | Reduced -256.2k |
| WCM INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 231.0k $18.9m | Added +205.6k |
| Coronation Fund Managers Ltd. 0.56% of their portfolio | 227.0k $18.5m | Reduced -14.1k |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 208.1k $17.0m | Reduced -5.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 188.8k $15.4m | Added +6.2k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.11% of their portfolio | 181.5k $14.8m | Added +19.3k |
| Ancora Advisors LLC 0.38% of their portfolio | 174.0k $14.2m | Added +15 |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 164.0k $13.4m | Reduced -333 |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 154.6k $12.6m | Added +50.8k |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 153.3k $12.5m | Reduced -76.2k |
| Canoe Financial LP 0.47% of their portfolio | 150.8k $16.7m | Reduced -4.1k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.07% of their portfolio | 136.7k $11.2m | Reduced -3.5k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 132.4k $10.8m | Reduced -38.7k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 132.4k $10.8m | Reduced -1.2k |
| DEPRINCE RACE & ZOLLO INC 0.26% of their portfolio | 131.8k $10.8m | New |
| SEI INVESTMENTS CO 0.02% of their portfolio | 127.5k $10.4m | Added +19.1k |
| Legal & General Group Plc 0.00% of their portfolio | 125.6k $10.3m | Reduced -1.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 124.4k $10.2m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 124.2k $10.1m | Reduced -28.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 113.6k $9.3m | Added +25.9k |
| ALTRINSIC GLOBAL ADVISORS LLC 0.36% of their portfolio | 113.6k $9.3m | New |
| Man Group plc 0.03% of their portfolio | 111.6k $9.1m | New |
| TWINBEECH CAPITAL LP 0.17% of their portfolio | 111.4k $9.1m | Added +46.1k |
| Swiss National Bank 0.01% of their portfolio | 110.2k $9.0m | Reduced -2.0k |
| TAURUS ASSET MANAGEMENT, LLC 0.92% of their portfolio | 93.1k $7.6m | Added +7.3k |
| HITE Hedge Asset Management LLC 0.81% of their portfolio | 92.0k $7.5m | New |
| GUGGENHEIM CAPITAL LLC 0.06% of their portfolio | 91.3k $7.5m | Added +13.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 90.1k $7.4m | Reduced -3.4k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 87.5k $7.2m | Reduced -6.4k |
| HANTZ FINANCIAL SERVICES, INC. 0.18% of their portfolio | 86.7k $7.1m | Added +12.1k |
| GATEWAY INVESTMENT ADVISERS LLC 0.09% of their portfolio | 85.5k $7.0m | Reduced -2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 85.1k $6.9m | Reduced -31.6k |
| UBS Group AG 0.00% of their portfolio | 81.4k $6.6m | Reduced -8.9k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 76.9k $6.3m | Reduced -1.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 75.1k $6.1m | Reduced -8.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 73.8k $6.0m | Reduced -511 |
| AMERICAN INTERNATIONAL GROUP, INC. 0.04% of their portfolio | 72.2k $5.9m | Reduced -1.1k |
| Verition Fund Management LLC 0.08% of their portfolio | 71.3k $5.8m | Reduced -198.4k |
| FIRST FINANCIAL BANK - TRUST DIVISION 0.62% of their portfolio | 69.2k $5.7m | Added +339 |
| Cruiser Capital Advisors, LLC 7.63% of their portfolio | 67.0k $5.5m | Reduced -40.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 66.6k $5.4m | Reduced -1.1k |
| GABELLI FUNDS LLC 0.04% of their portfolio | 65.7k $5.4m | Reduced -3.0k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 64.6k $5.3m | Reduced -17.0k |
| GAMCO INVESTORS, INC. ET AL 0.06% of their portfolio | 64.4k $5.3m | Added +25 |
| Retirement Systems of Alabama 0.02% of their portfolio | 64.0k $5.2m | Added +1.4k |
| VELA Investment Management, LLC 2.28% of their portfolio | 63.5k $5.2m | Added +9.5k |
| Holocene Advisors, LP 0.02% of their portfolio | 62.9k $5.1m | New |
| Cubist Systematic Strategies, LLC 0.06% of their portfolio | 61.4k $5.0m | Added +38.4k |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 55.6k $4.5m | Reduced -23.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 55.5k $4.5m | Reduced -3.1k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 55.2k $4.5m | Reduced -2.2k |
| Weiss Multi-Strategy Advisers LLC 0.11% of their portfolio | 55.1k $4.5m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 54.9k $4.5m | Reduced -7.3k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 53.9k $4.4m | Reduced -12.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 53.0k $4.3m | Reduced -8.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 44.3k $3.6m | Added +7.7k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.03% of their portfolio | 43.5k $3.6m | Added +748 |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 42.9k $3.5m | Added +546 |
| TRUIST FINANCIAL CORP 0.01% of their portfolio | 41.8k $3.4m | Added +154 |
| NORDEA INVESTMENT MANAGEMENT AB 0.00% of their portfolio | 40.3k $3.3m | Added +1.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 37.9k $3.1m | Added +3.3k |
| NISA INVESTMENT ADVISORS, LLC 0.02% of their portfolio | 37.0k $3.0m | Reduced -2.5k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.38% of their portfolio | 35.5k $2.9m | New |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 32.8k $2.7m | Reduced -9.9k |