Vault-13

AZEK CO INC AZEK

CL A · Common Stock · CUSIP 05478C105 · ISIN US05478C1053

332 institutional holders -53 vs Q1 2025
143,094,735143.1m shares reported held*
$7.8bnreported value*
63 new 90 added 130 reduced 114 sold out net sold ≈ $450.6m (-8.3m shares)

* 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 ($5.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $54.45. Options: 7 managers hold calls ($15.0m notional), 4 hold puts ($1.3m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 243Q4 22: 232Q1 23: 243Q2 23: 273Q3 23: 300Q4 23: 324Q1 24: 370Q2 24: 382Q3 24: 343Q4 24: 343Q1 25: 385Q2 25: 332332Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022243
Q4 2022232
Q1 2023243
Q2 2023273
Q3 2023300
Q4 2023324
Q1 2024370
Q2 2024382
Q3 2024343
Q4 2024343
Q1 2025385
Q2 2025332

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q3 23: 156 bought or addedQ3 23: 122 cut or sold outQ4 23: 148 bought or addedQ4 23: 161 cut or sold outQ4 23Q1 24: 196 bought or addedQ1 24: 157 cut or sold outQ2 24: 216 bought or addedQ2 24: 176 cut or sold outQ2 24Q3 24: 159 bought or addedQ3 24: 220 cut or sold outQ4 24: 151 bought or addedQ4 24: 178 cut or sold outQ4 24Q1 25: 213 bought or addedQ1 25: 176 cut or sold outQ2 25: 153 bought or addedQ2 25: 244 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023156122
Q4 2023148161
Q1 2024196157
Q2 2024216176
Q3 2024159220
Q4 2024151178
Q1 2025213176
Q2 2025153244

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60mQ3 24 calls: $18.4mQ3 24 puts: $29.7mQ3 24P/C 1.62Q4 24 calls: $29.7mQ4 24 puts: $19.8mQ4 24P/C 0.67Q1 25 calls: $46.9mQ1 25 puts: $13.6mQ1 25P/C 0.29Q2 25 calls: $15.0mQ2 25 puts: $1.3mQ2 25P/C 0.09
Numbers
QuarterCallsPutsP/C
Q3 2024$18.4m$29.7m1.62
Q4 2024$29.7m$19.8m0.67
Q1 2025$46.9m$13.6m0.29
Q2 2025$15.0m$1.3m0.09

Biggest buyers

HBK INVESTMENTS L P Added +5,286,992+5.3m
JPMORGAN CHASE & CO Added +5,092,628+5.1m
UBS Group AG Added +4,710,348+4.7m
ROYAL BANK OF CANADA Added +4,291,233+4.3m
CITIGROUP INC Added +2,865,686+2.9m
HRT FINANCIAL LP New +2,834,659+2.8m
BARCLAYS PLC Added +2,633,254+2.6m
FARALLON CAPITAL MANAGEMENT, L.L.C. Added +2,001,400+2.0m
BANK OF AMERICA CORP /DE/ Added +1,928,487+1.9m
CAPSTONE INVESTMENT ADVISORS, LLC Added +1,636,000+1.6m

Biggest sellers

VANGUARD GROUP INC Reduced -12,907,807-12.9m
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Reduced -5,178,532-5.2m
NORGES BANK Reduced -3,034,786-3.0m
FMR LLC Reduced -2,524,249-2.5m
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Sold out -2,518,105-2.5m
Capital Research Global Investors Reduced -2,175,408-2.2m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -1,758,669-1.8m
Invesco Ltd. Reduced -1,635,647-1.6m
VOYA INVESTMENT MANAGEMENT LLC Reduced -1,413,837-1.4m
Impax Asset Management Group plc Sold out -1,376,510-1.4m

Biggest calls

CITADEL ADVISORS LLC Added $7.3m133.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.8m51.4k shares
GROUP ONE TRADING LLC Reduced $2.7m50.1k shares
Belvedere Trading LLC Reduced $1.3m23.7k shares
JPMORGAN CHASE & CO New $913.1k16.8k shares
SIMPLEX TRADING, LLC Reduced $3.0k400 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.3m24.0k shares
Belvedere Trading LLC New $16.3k300 shares
GROUP ONE TRADING LLC Reduced $5.4k100 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.

HolderStakeChangeShares Last filed
WELLINGTON MANAGEMENT GROUP LLP 13G · institution filed 2025-02-10 9.3% 13.3m 2025-02-10
FMR LLC 13G · institution -3.0 pts · filed 2025-08-06 6.1% -3.0 pts 8.8m 2025-08-06

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WELLINGTON MANAGEMENT GROUP LLP 0.12% of their portfolio Boston, MA 11,984,20212.0m $651.3m $651.3m 0.12% Added +67.8k +67,848
2 FMR LLC 0.03% of their portfolio BOSTON, MA 8,755,6418.8m $475.9m $475.9m 0.03% Reduced -2.5m -2,524,249
3 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 7,123,5867.1m $387.2m $387.2m 0.03% Added +5.1m +5,092,628
4 HBK INVESTMENTS L P 6.80% of their portfolio DALLAS, TX 7,050,9787.1m $382.5m $382.5m 6.80% Added +5.3m +5,286,992
5 UBS Group AG 0.07% of their portfolio ZURICH, V8 6,413,4456.4m $348.6m $348.6m 0.07% Added +4.7m +4,710,348
6 Davidson Kempner Capital Management LP 5.03% of their portfolio New York, NY 6,081,7346.1m $330.5m $330.5m 5.03% Added +648.9k +648,891
7 BlackRock, Inc. 0.01% of their portfolio New York, NY 5,978,6826.0m $324.9m $324.9m 0.01% Reduced -1.3m -1,318,338
8 CITIGROUP INC 0.17% of their portfolio NEW YORK, NY 4,408,3004.4m $239.6m $239.6m 0.17% Added +2.9m +2,865,686
9 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 4,356,1704.4m $236.8m $236.8m 0.02% Added +4.3m +4,291,233
10 Capital World Investors 0.03% of their portfolio LOS ANGELES, CA 4,335,7034.3m $235.6m $235.6m 0.03% Unchanged
11 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,073,8044.1m $221.4m $221.4m 0.01% Added +615.5k +615,528
12 BARCLAYS PLC 0.07% of their portfolio LONDON, X0 3,283,2163.3m $178.4m $178.4m 0.07% Added +2.6m +2,633,254
13 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.78% of their portfolio SAN FRANCISCO, CA 3,141,4003.1m $170.7m $170.7m 0.78% Added +2.0m +2,001,400
14 HRT FINANCIAL LP 0.82% of their portfolio NEW YORK, NY 2,834,6592.8m $154.1m $154.1m 0.82% New
15 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,722,2742.7m $148.0m $148.0m 0.01% Added +1.9m +1,928,487
16 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 2,437,7052.4m $133.8m $133.8m 0.01% Added +6.7k +6,700
17 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 2,420,4892.4m $131.6m $131.6m 0.03% Added +56 +56
18 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 2,276,0722.3m $123.7m $123.7m 0.00% Reduced -150.0k -150,018
19 Pentwater Capital Management LP 1.43% of their portfolio Naples, FL 2,066,0002.1m $112.3m $112.3m 1.43% Added +524.2k +524,158
20 ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio NASHVILLE, TN 2,058,6442.1m $111.9m $111.9m 0.04% Reduced -531.4k -531,375
21 KRYGER CAPITAL Ltd 19.75% of their portfolio LONDON, X0 1,967,5102.0m $106.7m $106.7m 19.75% Added +1.6m +1,561,223
22 CAPSTONE INVESTMENT ADVISORS, LLC 0.88% of their portfolio NEW YORK, NY 1,900,0001.9m $103.3m $103.3m 0.88% Added +1.6m +1,636,000
23 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,775,9281.8m $96.5m $96.5m 0.02% Added +1.3m +1,290,771
24 JANE STREET GROUP, LLC 0.15% of their portfolio NEW YORK, NY 1,727,7971.7m $93.9m $93.9m 0.15% Added +1.5m +1,547,641
25 GLAZER CAPITAL, LLC 3.31% of their portfolio New York, NY 1,706,8491.7m $92.6m $92.6m 3.31% Added +713.2k +713,190
26 Magnetar Financial LLC 0.39% of their portfolio EVANSTON, IL 1,479,4881.5m $80.4m $80.4m 0.39% Added +768.1k +768,060
27 MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 1,316,1021.3m $71.5m $71.5m 0.06% Reduced -705.7k -705,676
28 Westchester Capital Management, LLC 4.14% of their portfolio VALHALLA, NY 1,304,6191.3m $70.9m $70.9m 4.14% Added +467.4k +467,392
29 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio BOSTON, MA 1,220,9851.2m $66.4m $66.4m 0.05% Added +300.0k +299,964
30 Quantessence Capital LLC 18.73% of their portfolio NEW YORK, NY 1,170,1311.2m $63.6m $63.6m 18.73% New
31 Balyasny Asset Management L.P. 0.14% of their portfolio Chicago, IL 1,096,0901.1m $59.6m $59.6m 0.14% Reduced -1.1m -1,064,095
32 WHITEBOX ADVISORS LLC 1.59% of their portfolio MINNEAPOLIS, MN 1,073,5011.1m $58.3m $58.3m 1.59% Added +348.2k +348,162
33 First Trust Capital Management L.P. 3.79% of their portfolio CHICAGO, IL 1,032,1021.0m $56.1m $56.1m 3.79% New
34 Polar Asset Management Partners Inc. 1.34% of their portfolio TORONTO, A6 988,835988.8k $53.7m $53.7m 1.34% Added +840.5k +840,480
35 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 935,056935.1k $50.8m $50.8m 0.01% Reduced -221.9k -221,855
36 Stephens Investment Management Group LLC 0.66% of their portfolio LITTLE ROCK, AR 921,166921.2k $50.1m $50.1m 0.66% Reduced -1.7k -1,681
37 TIG Advisors, LLC 2.70% of their portfolio New York, NY 909,013909.0k $49.4m $49.4m 2.70% Added +800.5k +800,513
38 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 899,426899.4k $48.9m $48.9m 0.01% Reduced -781.7k -781,714
39 ALPINE ASSOCIATES MANAGEMENT INC. 2.47% of their portfolio PALM BEACH, FL 849,220849.2k $46.2m $46.2m 2.47% Added +165.6k +165,620
40 Man Group plc 0.09% of their portfolio LONDON, X0 776,748776.7k $42.2m $42.2m 0.09% Added +501.4k +501,406
41 TimesSquare Capital Management, LLC 0.59% of their portfolio NEW YORK, NY 747,116747.1k $40.6m $40.6m 0.59% Reduced -54.1k -54,113
42 Grantham, Mayo, Van Otterloo & Co. LLC 0.12% of their portfolio Boston, MA 745,471745.5k $40.5m $40.5m 0.12% Added +216.8k +216,758
43 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 716,844716.8k $39.0m $39.0m 0.01% Reduced -285.4k -285,448
44 Aristotle Capital Boston, LLC 1.97% of their portfolio BOSTON, MA 711,596711.6k $38.7m $38.7m 1.97% Reduced -66.1k -66,062
45 BANK OF NOVA SCOTIA 0.08% of their portfolio TORONTO, A6 710,300710.3k $38.6m $38.6m 0.08% New
46 SUMMIT SECURITIES GROUP LLC 13.69% of their portfolio NEW YORK, NY 703,976704.0k $38.3m $38.3m 13.69% New
47 LMR Partners LLP 0.56% of their portfolio LONDON, X0 664,610664.6k $36.1m $36.1m 0.56% Added +317.6k +317,564
48 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 644,539644.5k $35.0m $35.0m 0.02% Added +630.1k +630,093
49 Taconic Capital Advisors LP 4.01% of their portfolio NEW YORK, NY 638,869638.9k $34.7m $34.7m 4.01% Not comparable
50 Squarepoint Ops LLC 0.07% of their portfolio NEW YORK, NY 586,894586.9k $31.9m $31.9m 0.07% Added +414.4k +414,442
51 Capital Research Global Investors 0.01% of their portfolio Los Angeles, CA 583,963584.0k $31.7m $31.7m 0.01% Reduced -2.2m -2,175,408
52 PICTON MAHONEY ASSET MANAGEMENT 0.45% of their portfolio Toronto, A6 582,100582.1k $31.6m $31.6m 0.45% New
53 Gradient Investments LLC 0.49% of their portfolio ARDEN HILLS, MN 496,802496.8k $27.0m $27.0m 0.49% Reduced -4.1k -4,142
54 WCM INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio LAGUNA BEACH, CA 486,715486.7k $26.7m $26.7m 0.06% Reduced -5.7k -5,676
55 ING GROEP NV 0.16% of their portfolio AMSTERDAM, P7 481,600481.6k $26.2m $26.2m 0.16% New
56 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 464,026464.0k $25.2m $25.2m 0.03% Reduced -60.8k -60,770
57 BESSEMER GROUP INC 0.04% of their portfolio WOODBRIDGE, NJ 444,385444.4k $24.2m $24.2m 0.04% Added +20.0k +20,003
58 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 437,490437.5k $23.8m $23.8m 0.00% Reduced -1.8m -1,758,669
59 Verition Fund Management LLC 0.13% of their portfolio GREENWICH, CT 430,904430.9k $23.4m $23.4m 0.13% Added +153.5k +153,529
60 ASR Vermogensbeheer N.V. 0.29% of their portfolio UTRECHT, P7 413,917413.9k $22.5m $22.5m 0.29% Reduced -40.9k -40,927
61 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 409,146409.1k $22.2m $22.2m 0.01% Reduced -5.2m -5,178,532
62 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 387,982388.0k $21.1m $21.1m 0.00% Reduced -266.8k -266,815
63 SOROS FUND MANAGEMENT LLC 0.36% of their portfolio NEW YORK, NY 383,866383.9k $20.9m $20.9m 0.36% Added +198.9k +198,866
64 Alberta Investment Management Corp 0.16% of their portfolio EDMONTON, A0 374,399374.4k $20.3m $20.3m 0.16% Added +231.9k +231,899
65 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio Boston, MA 372,994373.0k $20.3m $20.3m 0.03% Reduced -709.9k -709,920
66 FEDERATED HERMES, INC. 0.03% of their portfolio PITTSBURGH, PA 340,000340.0k $18.5m $18.5m 0.03% Reduced -7 -7
67 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 320,215320.2k $17.4m $17.4m 0.00% Reduced -12.9m -12,907,807
68 Quantinno Capital Management LP 0.07% of their portfolio NEW YORK, NY 315,565315.6k $17.2m $17.2m 0.07% Added +5.9k +5,929
69 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 284,401284.4k $15.5m $15.5m 0.00% Reduced -302.0k -302,002
70 Public Sector Pension Investment Board 0.07% of their portfolio MONTREAL, A8 282,200282.2k $15.3m $15.3m 0.07% New
71 Swiss National Bank 0.01% of their portfolio ZURICH, V8 274,950274.9k $14.9m $14.9m 0.01% Reduced -3.2k -3,200
72 Susquehanna Portfolio Strategies, LLC 0.31% of their portfolio Bala Cynwyd, PA 264,756264.8k $14.4m $14.4m 0.31% New
73 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 260,856260.9k $14.2m $14.2m 0.02% Reduced -179.4k -179,410
74 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 257,983258.0k $14.0m $14.0m 0.02% Reduced -62.2k -62,232
75 TUDOR INVESTMENT CORP ET AL 0.10% of their portfolio STAMFORD, CT 250,000250.0k $13.6m $13.6m 0.10% New
76 TORONTO DOMINION BANK 0.03% of their portfolio TORONTO, ONTARIO, A6 250,000250.0k $13.6m $13.6m 0.03% New
77 SEGALL BRYANT & HAMILL, LLC 0.19% of their portfolio CHICAGO, IL 249,208249.2k $13.5m $13.5m 0.19% Reduced -464.6k -464,594
78 Calamos Advisors LLC 0.06% of their portfolio NAPERVILLE, IL 247,910247.9k $13.5m $13.5m 0.06% Added +70.2k +70,190
79 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 227,951228.0k $12.4m $12.4m 0.01% Reduced -116.4k -116,410
80 CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio TORONTO ONTARIO, A6 227,600227.6k $12.4m $12.4m 0.01% New
81 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 222,674222.7k $12.1m $12.1m 0.00% Reduced -56.3k -56,330
82 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 219,450219.4k $11.9m $11.9m 0.01% Added +10.5k +10,507
83 Ovata Capital Management Ltd 2.37% of their portfolio HONG KONG, K3 201,908201.9k $11.0m $11.0m 2.37% New
84 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 180,608180.6k $9.8m $9.8m 0.01% Reduced -43.6k -43,556
85 ExodusPoint Capital Management, LP 0.11% of their portfolio NEW YORK, NY 169,540169.5k $9.2m $9.2m 0.11% Reduced -128.1k -128,102
86 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 168,539168.5k $9.2m $9.2m 0.01% Reduced -1.7k -1,727
87 Walleye Capital LLC 0.08% of their portfolio NEW YORK, NY 155,451155.5k $8.4m $8.4m 0.08% Reduced -103.3k -103,295
88 AXA S.A. 0.02% of their portfolio PARIS, I0 154,596154.6k $8.4m $8.4m 0.02% Reduced -240.7k -240,665
89 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio JUPITER, FL 152,781152.8k $8.3m $8.3m 0.03% New
90 NEXPOINT ASSET MANAGEMENT, L.P. 0.78% of their portfolio Dallas, TX 150,500150.5k $8.2m $8.2m 0.78% New
91 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 144,079144.1k $7.8m $7.8m 0.01% Reduced -613.7k -613,683
92 IEQ CAPITAL, LLC 0.05% of their portfolio Foster City, CA 139,718139.7k $7.6m $7.6m 0.05% Added +13.3k +13,258
93 Lighthouse Investment Partners, LLC 0.33% of their portfolio Palm Beach Gardens, FL 138,486138.5k $7.5m $7.5m 0.33% Added +72.0k +71,998
94 P SCHOENFELD ASSET MANAGEMENT LP 2.38% of their portfolio NEW YORK, NY 137,000137.0k $7.4m $7.4m 2.38% Added +92.0k +92,000
95 CSS LLC/IL 0.45% of their portfolio CHICAGO, IL 131,073131.1k $7.1m $7.1m 0.45% New
96 BROWN ADVISORY INC 0.01% of their portfolio BALTIMORE, MD 121,438121.4k $6.6m $6.6m 0.01% Reduced -1.5k -1,544
97 MY.Alpha Management HK Advisors Ltd 4.85% of their portfolio HONG KONG, K3 120,188120.2k $6.5m $6.5m 4.85% New
98 GABELLI & Co INVESTMENT ADVISERS, INC. 0.94% of their portfolio Rye, NY 112,604112.6k $6.1m $6.1m 0.94% Added +22.1k +22,149
99 DeepCurrents Investment Group LLC 0.22% of their portfolio NEW YORK, NY 110,375110.4k $6.0m $6.0m 0.22% New
100 Murchinson Ltd. 2.94% of their portfolio TORONTO, A6 100,000100.0k $5.4m $5.4m 2.94% New