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 ($7.3m this quarter). Holder counts are more reliable. Shares outstanding: 45.7m as of 2025-03-31, 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 ≈ $59.19. Options: 9 managers hold calls ($6.2m notional), 9 hold puts ($8.8m).
Trends to Q1 2025
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 |
| Q4 2023 | 336 |
| Q1 2024 | 373 |
| Q2 2024 | 381 |
| Q3 2024 | 370 |
| Q4 2024 | 360 |
| Q1 2025 | 368 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 138 | 198 |
| Q3 2023 | 145 | 168 |
| Q4 2023 | 144 | 158 |
| Q1 2024 | 177 | 145 |
| Q2 2024 | 178 | 160 |
| Q3 2024 | 149 | 199 |
| Q4 2024 | 160 | 189 |
| Q1 2025 | 195 | 164 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $5.1m | $3.9m | 0.77 |
| Q3 2024 | $3.4m | $19.4m | 5.64 |
| Q4 2024 | $2.8m | $7.4m | 2.63 |
| Q1 2025 | $6.2m | $8.8m | 1.43 |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +623.6k |
| Allspring Global Investments Holdings, LLC | Added | +569.7k |
| 1832 Asset Management L.P. | Added | +402.3k |
| UBS Group AG | Added | +395.5k |
| COOPERMAN LEON G | Added | +240.7k |
| D. E. Shaw & Co., Inc. | Added | +237.8k |
| Qube Research & Technologies Ltd | Added | +222.3k |
| Jain Global LLC | Added | +198.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +192.6k |
| BANK OF AMERICA CORP /DE/ | Added | +182.1k |
Biggest sellers
| EMINENCE CAPITAL, LP | Sold out | -2.9m |
| Pacer Advisors, Inc. | Sold out | -1.0m |
| Clearbridge Investments, LLC | Reduced | -1.0m |
| Boston Partners | Reduced | -434.6k |
| BlackRock, Inc. | Reduced | -304.7k |
| NewEdge Wealth, LLC | Sold out | -241.6k |
| Assenagon Asset Management S.A. | Sold out | -184.8k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -182.8k |
| SG Americas Securities, LLC | Reduced | -158.3k |
| First Eagle Investment Management, LLC | Sold out | -156.1k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $3.5m58.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.6m27.3k shares |
| TUDOR INVESTMENT CORP ET AL | New | $367.6k6.2k shares |
| Walleye Trading LLC | New | $177.9k3.0k shares |
| PEAK6 LLC | New | $177.9k3.0k shares |
| Walleye Capital LLC | New | $154.2k2.6k shares |
| SIMPLEX TRADING, LLC | Added | $118.0k2.0k shares |
| GROUP ONE TRADING LLC | New | $77.1k1.3k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $3.9m65.8k shares |
| PEAK6 LLC | New | $1.7m28.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.4m23.8k shares |
| SIMPLEX TRADING, LLC | Added | $1.1m18.3k shares |
| WOLVERINE TRADING, LLC | Added | $430.8k7.3k shares |
| GROUP ONE TRADING LLC | New | $207.5k3.5k shares |
| Walleye Trading LLC | New | $77.1k1.3k shares |
| Walleye Capital LLC | New | $41.5k700 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 |
|---|---|
| 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 Q1 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 |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 1 | $680.7k | $680.7k |
| Q4 2023 | 0 | — | 1 | $69.4k | $69.4k |
| Q1 2024 | 0 | — | 1 | $78.1k | $78.1k |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 1 | $482.2k | $482.2k |
| Q4 2024 | 0 | — | 2 | $115.1k | $115.1k |
| Q1 2025 | 2 | $2.2m | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-01-31 | NOVO GUILLERMO Chair of the Board and CEO, director · By GMGN Novo Family Limited Partnership | Bought | $2.0m31.3k shares |
| 2025-01-31 | Assis Alessandra Faccin SVP and GM, Life Sciences | Bought | $201.6k3.1k 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, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 4.8m $284.3m | Reduced -134.2k |
| BlackRock, Inc. 0.01% of their portfolio | 4.5m $267.1m | Reduced -304.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 2.8m $163.8m | Reduced -43.7k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.6m $156.3m | Reduced -182.8k |
| Allspring Global Investments Holdings, LLC 0.23% of their portfolio | 2.3m $132.4m | Added +569.7k |
| COOPERMAN LEON G 3.99% of their portfolio | 1.7m $100.4m | Added +240.7k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.46% of their portfolio | 1.7m $99.8m | Added +115.8k |
| STATE STREET CORP 0.00% of their portfolio | 1.5m $91.8m | Reduced -13.6k |
| 1832 Asset Management L.P. 0.14% of their portfolio | 1.2m $72.8m | Added +402.3k |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 899.1k $53.0m | Added +623.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 820.5k $48.7m | Reduced -1 |
| SHAPIRO CAPITAL MANAGEMENT LLC 1.90% of their portfolio | 777.1k $46.1m | Added +106.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 650.2k $38.5m | Reduced -52.4k |
| DEPRINCE RACE & ZOLLO INC 0.70% of their portfolio | 567.3k $33.6m | Reduced -7.4k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 539.9k $32.0m | Added +91.9k |
| Newport Trust Company, LLC 0.08% of their portfolio | 526.6k $31.2m | Reduced -9.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 522.1k $31.0m | Added +24.5k |
| MORGAN STANLEY 0.00% of their portfolio | 498.5k $29.6m | Added +138.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 488.9k $29.0m | Added +182.1k |
| UBS Group AG 0.01% of their portfolio | 476.0k $28.2m | Added +395.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 461.4k $27.4m | Reduced -55.9k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 446.2k $26.5m | Added +41.2k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 440.5k $26.1m | Added +237.8k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 434.2k $25.7m | Added +222.3k |
| Clearbridge Investments, LLC 0.02% of their portfolio | 398.1k $23.6m | Reduced -1.0m |
| CRAMER ROSENTHAL MCGLYNN LLC 1.69% of their portfolio | 396.3k $23.5m | Reduced -46.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 387.1k $23.0m | Added +6.2k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 367.8k $21.8m | Added +178.2k |
| Invesco Ltd. 0.00% of their portfolio | 365.6k $21.7m | Reduced -13.5k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 284.5k $16.9m | Added +94.1k |
| WCM INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 271.3k $16.0m | Reduced -14.2k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 211.4k $12.5m | Reduced -58.6k |
| Jain Global LLC 0.26% of their portfolio | 211.1k $12.5m | Added +198.8k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.14% of their portfolio | 198.7k $11.8m | Reduced -2.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 192.6k $11.4m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 186.5k $11.1m | Added +45.0k |
| GLENMEDE TRUST CO NA 0.06% of their portfolio | 184.6k $10.9m | Reduced -4.1k |
| Edgestream Partners, L.P. 0.35% of their portfolio | 175.1k $10.4m | Added +172.0k |
| HANTZ FINANCIAL SERVICES, INC. 0.18% of their portfolio | 172.8k $10.2m | Added +29.8k |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 167.4k $9.9m | Added +126.7k |
| Ceredex Value Advisors LLC 0.22% of their portfolio | 166.9k $9.9m | Added +18.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 162.9k $9.7m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 157.5k $9.3m | Added +93.0k |
| HARBOR CAPITAL ADVISORS, INC. 0.42% of their portfolio | 155.3k $9.2m | Added +36.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 152.8k $9.1m | Added +14.0k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 151.8k $9.0m | Added +115.9k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 143.5k $8.5m | Reduced -3.2k |
| Boston Partners 0.01% of their portfolio | 143.0k $8.5m | Reduced -434.6k |
| Cubist Systematic Strategies, LLC 0.10% of their portfolio | 130.7k $7.7m | New |
| ATLANTIC INVESTMENT MANAGEMENT, INC. 4.14% of their portfolio | 125.0k $7.4m | New |
| Verition Fund Management LLC 0.04% of their portfolio | 121.8k $7.2m | Added +85.1k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 120.5k $7.1m | Reduced -51.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 118.4k $7.0m | Added +1.6k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 118.2k $7.0m | Added +38.3k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 114.7k $6.8m | Reduced -92.2k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 112.9k $6.7m | Reduced -33 |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 108.8k $6.4m | Reduced -3.2k |
| FMR LLC 0.00% of their portfolio | 105.2k $6.2m | Added +95.5k |
| HRT FINANCIAL LP 0.04% of their portfolio | 101.7k $6.0m | Added +94.0k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 98.1k $5.8m | Added +24.7k |
| Legal & General Group Plc 0.00% of their portfolio | 96.9k $5.7m | Reduced -2.3k |
| Nuveen, LLC 0.00% of their portfolio | 95.8k $5.7m | First filing |
| ALTRINSIC GLOBAL ADVISORS LLC 0.28% of their portfolio | 95.3k $5.7m | Reduced -3.8k |
| California Public Employees Retirement System 0.00% of their portfolio | 93.2k $5.5m | Added +37 |
| Swiss National Bank 0.00% of their portfolio | 86.9k $5.2m | Reduced -4.4k |
| BARCLAYS PLC 0.00% of their portfolio | 83.8k $5.0m | Reduced -9.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 83.4k $4.9m | Added +2.9k |
| NFJ INVESTMENT GROUP, LLC 0.16% of their portfolio | 79.3k $4.7m | New |
| Holocene Advisors, LP 0.01% of their portfolio | 77.1k $4.6m | Added +49.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio | 76.3k $4.5m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 73.5k $4.4m | Added +33.5k |
| Squarepoint Ops LLC 0.01% of their portfolio | 71.3k $4.2m | Reduced -112.1k |
| Campbell & CO Investment Adviser LLC 0.32% of their portfolio | 69.3k $4.1m | Added +36.2k |
| Engineers Gate Manager LP 0.07% of their portfolio | 68.0k $4.0m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 66.0k $3.9m | Added +9.2k |
| GABELLI FUNDS LLC 0.03% of their portfolio | 65.7k $3.9m | Unchanged |
| Ancora Advisors LLC 0.09% of their portfolio | 65.6k $3.9m | Added +65.3k |
| GAMCO INVESTORS, INC. ET AL 0.04% of their portfolio | 64.2k $3.8m | Unchanged |
| TWINBEECH CAPITAL LP 0.07% of their portfolio | 63.4k $3.8m | New |
| Quantbot Technologies LP 0.12% of their portfolio | 61.3k $3.6m | Added +40.5k |
| Man Group plc 0.01% of their portfolio | 58.1k $3.4m | Reduced -59.2k |
| GATEWAY INVESTMENT ADVISERS LLC 0.04% of their portfolio | 57.8k $3.4m | Added +2 |
| Retirement Systems of Alabama 0.01% of their portfolio | 57.4k $3.4m | Reduced -1.9k |
| Walleye Capital LLC 0.04% of their portfolio | 57.3k $3.4m | New |
| CITIGROUP INC 0.00% of their portfolio | 56.3k $3.3m | Reduced -69.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 56.1k $3.3m | Added +16.8k |
| IEQ CAPITAL, LLC 0.03% of their portfolio | 55.2k $3.3m | Added +31.9k |
| Corebridge Financial, Inc. 0.02% of their portfolio | 52.1k $3.1m | Reduced -3.1k |
| GUGGENHEIM CAPITAL LLC 0.03% of their portfolio | 51.7k $3.1m | Reduced -6.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 50.7k $3.0m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 49.6k $2.9m | Reduced -540 |
| Gotham Asset Management, LLC 0.02% of their portfolio | 49.4k $2.9m | Added +4.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 48.7k $2.9m | Reduced -3.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 46.3k $2.7m | Added +7.3k |
| Amundi 0.00% of their portfolio | 46.0k $2.4m | Added +46.0k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 45.5k $2.7m | Added +12.6k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 44.2k $2.6m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 44.1k $2.6m | Added +25.1k |
| VeriStar Capital Management LP 4.75% of their portfolio | 43.8k $2.6m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 42.9k $2.5m | Reduced -724 |