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 ($10.5m this quarter). Holder counts are more reliable. Shares outstanding: 45.7m as of 2025-06-30, 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 ≈ $50.37. Options: 9 managers hold calls ($6.4m notional), 9 hold puts ($9.4m).
Trends to Q2 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 |
| Q2 2025 | 346 |
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 | 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 |
| Q2 2025 | 186 | 179 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $3.4m | $19.4m | 5.64 |
| Q4 2024 | $2.8m | $7.4m | 2.63 |
| Q1 2025 | $6.2m | $8.8m | 1.43 |
| Q2 2025 | $6.4m | $9.4m | 1.47 |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +2.6m |
| Point72 Europe (London) LLP | New | +234.6k |
| IEQ CAPITAL, LLC | Added | +194.9k |
| ATLANTIC INVESTMENT MANAGEMENT, INC. | Added | +171.3k |
| Woodline Partners LP | New | +148.7k |
| STATE OF WISCONSIN INVESTMENT BOARD | Added | +144.3k |
| 1832 Asset Management L.P. | Added | +143.2k |
| Qube Research & Technologies Ltd | Added | +141.0k |
| Retirement Systems of Alabama | Added | +139.3k |
| AXA S.A. | New | +138.4k |
Biggest sellers
| DEPRINCE RACE & ZOLLO INC | Sold out | -567.3k |
| Clearbridge Investments, LLC | Sold out | -398.1k |
| FIRST TRUST ADVISORS LP | Reduced | -235.9k |
| Invesco Ltd. | Reduced | -218.9k |
| Diamond Hill Capital Management, LLC (Investment Advisor) | Reduced | -186.6k |
| Jain Global LLC | Reduced | -178.2k |
| CRAMER ROSENTHAL MCGLYNN LLC | Reduced | -175.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -173.8k |
| Ceredex Value Advisors LLC | Sold out | -166.9k |
| Balyasny Asset Management L.P. | Reduced | -156.3k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $2.0m40.4k shares |
| Walleye Capital LLC | Added | $1.9m37.0k shares |
| Walleye Trading LLC | Added | $980.5k19.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $769.3k15.3k shares |
| JANE STREET GROUP, LLC | New | $316.8k6.3k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $281.6k5.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $85.0k1.7k shares |
| GROUP ONE TRADING LLC | Added | $75.4k1.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| PEAK6 LLC | Added | $2.4m48.6k shares |
| Walleye Capital LLC | Added | $1.9m37.9k shares |
| CITADEL ADVISORS LLC | Reduced | $1.4m27.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.1m22.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $859.0k17.1k shares |
| Walleye Trading LLC | Added | $703.9k14.0k shares |
| Verition Fund Management LLC | New | $628.5k12.5k shares |
| GROUP ONE TRADING LLC | Added | $367.0k7.3k 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 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 | $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 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 4.7m $233.9m | Reduced -143.5k |
| BlackRock, Inc. 0.00% of their portfolio | 4.5m $228.4m | Added +36.6k |
| AQR CAPITAL MANAGEMENT LLC 0.14% of their portfolio | 3.5m $172.3m | Added +2.6m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 2.8m $143.2m | Added +84.1k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 2.5m $126.4m | Reduced -122.7k |
| Allspring Global Investments Holdings, LLC 0.20% of their portfolio | 2.2m $118.0m | Reduced -43.5k |
| COOPERMAN LEON G 3.00% of their portfolio | 1.7m $85.5m | Added +5.8k |
| STATE STREET CORP 0.00% of their portfolio | 1.5m $76.8m | Reduced -21.0k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.35% of their portfolio | 1.5m $75.3m | Reduced -186.6k |
| 1832 Asset Management L.P. 0.12% of their portfolio | 1.4m $69.0m | Added +143.2k |
| SHAPIRO CAPITAL MANAGEMENT LLC 1.88% of their portfolio | 852.6k $42.9m | Added +75.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 799.8k $40.2m | Reduced -20.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 604.1k $30.4m | Reduced -46.1k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 575.1k $28.9m | Added +141.0k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 572.2k $28.8m | Added +131.7k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 545.5k $27.4m | Added +5.6k |
| Newport Trust Company, LLC 0.06% of their portfolio | 535.1k $26.9m | Added +8.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 504.0k $25.3m | Added +15.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 478.2k $24.0m | Reduced -43.9k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 473.1k $23.8m | Added +26.9k |
| MORGAN STANLEY 0.00% of their portfolio | 446.2k $22.4m | Reduced -52.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 431.8k $21.7m | Reduced -29.6k |
| UBS Group AG 0.00% of their portfolio | 405.3k $20.4m | Reduced -70.6k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 401.8k $20.2m | Added +117.3k |
| ATLANTIC INVESTMENT MANAGEMENT, INC. 7.60% of their portfolio | 296.3k $14.9m | Added +171.3k |
| WCM INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 273.3k $13.9m | Added +2.0k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 251.7k $12.7m | Added +99.9k |
| IEQ CAPITAL, LLC 0.08% of their portfolio | 250.1k $12.6m | Added +194.9k |
| Glenmede Investment Management, LP 0.06% of their portfolio | 240.2k $12.1m | First filing |
| Point72 Europe (London) LLP 0.61% of their portfolio | 234.6k $11.8m | New |
| CRAMER ROSENTHAL MCGLYNN LLC 0.76% of their portfolio | 221.0k $11.1m | Reduced -175.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 213.3k $10.7m | Reduced -173.8k |
| Retirement Systems of Alabama 0.04% of their portfolio | 196.7k $9.9m | Added +139.3k |
| HANTZ FINANCIAL SERVICES, INC. 0.16% of their portfolio | 196.1k $9.9m | Added +23.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 191.6k $9.6m | Added +38.8k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 191.6k $9.6m | Reduced -7.1k |
| HARBOR CAPITAL ADVISORS, INC. 0.37% of their portfolio | 175.8k $8.8m | Added +20.5k |
| NFJ INVESTMENT GROUP, LLC 0.28% of their portfolio | 159.8k $8.0m | Added +80.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 158.4k $8.0m | Added +144.3k |
| Woodline Partners LP 0.04% of their portfolio | 148.7k $7.5m | New |
| Invesco Ltd. 0.00% of their portfolio | 146.8k $7.4m | Reduced -218.9k |
| ALTRINSIC GLOBAL ADVISORS LLC 0.26% of their portfolio | 142.0k $7.1m | Added +46.7k |
| AXA S.A. 0.02% of their portfolio | 138.4k $7.0m | New |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 135.2k $6.8m | Reduced -8.3k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 131.9k $6.6m | Reduced -235.9k |
| Verition Fund Management LLC 0.04% of their portfolio | 127.4k $6.4m | Added +5.6k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 123.8k $6.2m | Added +3.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 122.9k $6.2m | Added +4.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 121.3k $6.1m | Added +2.9k |
| CITIGROUP INC 0.00% of their portfolio | 120.6k $6.1m | Added +64.3k |
| Cerity Partners LLC 0.01% of their portfolio | 119.0k $6.0m | Added +103.0k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 112.5k $5.7m | Reduced -364 |
| SEI INVESTMENTS CO 0.01% of their portfolio | 110.1k $5.5m | Added +12.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 103.7k $5.2m | Reduced -5.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 101.8k $5.1m | Reduced -84.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 101.6k $5.1m | Added +73.3k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 98.5k $5.0m | Reduced -16.2k |
| Cubist Systematic Strategies, LLC 0.05% of their portfolio | 97.5k $4.9m | Reduced -33.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 97.3k $4.9m | Added +51.0k |
| California Public Employees Retirement System 0.00% of their portfolio | 93.8k $4.7m | Added +522 |
| Swiss National Bank 0.00% of their portfolio | 90.1k $4.5m | Added +3.2k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 86.5k $4.3m | Added +42.3k |
| NATIXIS 0.02% of their portfolio | 86.3k $4.3m | Added +86.3k |
| Holocene Advisors, LP 0.01% of their portfolio | 85.1k $4.3m | Added +7.9k |
| Numerai GP LLC 0.61% of their portfolio | 84.6k $4.3m | Added +68.6k |
| Squarepoint Ops LLC 0.01% of their portfolio | 83.8k $4.2m | Added +12.5k |
| CWM, LLC 0.01% of their portfolio | 83.1k $4.2m | Added +67.6k |
| Gotham Asset Management, LLC 0.02% of their portfolio | 80.9k $4.1m | Added +31.5k |
| Legal & General Group Plc 0.00% of their portfolio | 78.5k $3.9m | Reduced -18.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 77.1k $3.9m | Reduced -85.8k |
| Invenomic Capital Management LP 0.22% of their portfolio | 76.4k $3.8m | New |
| BARCLAYS PLC 0.00% of their portfolio | 71.5k $3.6m | Reduced -12.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 70.1k $3.5m | Reduced -141.3k |
| GAMCO INVESTORS, INC. ET AL 0.03% of their portfolio | 68.8k $3.5m | Added +4.6k |
| GABELLI FUNDS LLC 0.02% of their portfolio | 67.8k $3.4m | Added +2.1k |
| TWINBEECH CAPITAL LP 0.08% of their portfolio | 67.3k $3.4m | Added +3.9k |
| Edgestream Partners, L.P. 0.09% of their portfolio | 65.4k $3.3m | Reduced -109.8k |
| Nuveen, LLC 0.00% of their portfolio | 63.4k $3.2m | Reduced -32.4k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio | 59.2k $3.2m | Added +46.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 56.2k $2.8m | Added +6.6k |
| Boston Partners 0.00% of their portfolio | 56.1k $2.8m | Reduced -86.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 55.8k $2.8m | Reduced -136.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 53.1k $2.7m | Reduced -12.9k |
| Engineers Gate Manager LP 0.03% of their portfolio | 53.1k $2.7m | Reduced -14.9k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 50.9k $2.6m | Reduced -799 |
| ING GROEP NV 0.02% of their portfolio | 50.0k $2.5m | New |
| FMR LLC 0.00% of their portfolio | 49.9k $2.5m | Reduced -55.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 49.3k $2.5m | Reduced -1.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 48.6k $2.4m | Reduced -36 |
| Quantbot Technologies LP 0.06% of their portfolio | 48.4k $2.4m | Reduced -12.9k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 46.3k $2.3m | Added +822 |
| HRT FINANCIAL LP 0.01% of their portfolio | 46.1k $2.3m | Reduced -55.6k |
| Resolute Capital Asset Partners LLC 1.20% of their portfolio | 45.5k $2.3m | New |
| LPL Financial LLC 0.00% of their portfolio | 43.1k $2.2m | Added +3.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 42.9k $2.2m | Added +82 |
| State of Alaska, Department of Revenue 0.02% of their portfolio | 41.0k $2.1m | Reduced -315 |
| Quantinno Capital Management LP 0.01% of their portfolio | 40.7k $2.0m | Added +30.3k |
| Walleye Capital LLC 0.02% of their portfolio | 39.4k $2.0m | Reduced -17.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 38.9k $2.0m | Reduced -34.6k |
| Mariner, LLC 0.00% of their portfolio | 38.3k $1.9m | Added +29.0k |