BALL CORP BALL
COM · Common Stock · CUSIP 058498106 · ISIN US0584981064
American manufacturer of packaging materials
* 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 ($29.2m this quarter). Holder counts are more reliable. Shares outstanding: 315.1m as of 2023-07-31, 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 ≈ $58.16. Options: 27 managers hold calls ($288.7m notional), 14 hold puts ($75.4m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 654 |
| Q4 2022 | 695 |
| Q1 2023 | 671 |
| Q2 2023 | 669 |
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 | 336 | 289 |
| Q1 2023 | 343 | 294 |
| Q2 2023 | 289 | 325 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $53.6m | $51.3m | 0.96 |
| Q4 2022 | $78.2m | $72.9m | 0.93 |
| Q1 2023 | $86.2m | $77.5m | 0.90 |
| Q2 2023 | $288.7m | $75.4m | 0.26 |
Biggest buyers
| T. Rowe Price Investment Management, Inc. | Added | +2.2m |
| MORGAN STANLEY | Added | +1.2m |
| CITADEL ADVISORS LLC | Added | +523.0k |
| Janney Montgomery Scott LLC | New | +487.0k |
| Select Equity Group, L.P. | New | +476.6k |
| JPMORGAN CHASE & CO | Added | +299.1k |
| FIRST MANHATTAN CO. LLC. | Added | +286.2k |
| CITIGROUP INC | Added | +282.0k |
| Mariner, LLC | Added | +273.0k |
| BANK OF NOVA SCOTIA | Added | +203.7k |
Biggest sellers
| FMR LLC | Reduced | -2.1m |
| California Public Employees Retirement System | Reduced | -1.4m |
| Candlestick Capital Management LP | Reduced | -1.2m |
| Mizuho Markets Cayman LP | Sold out | -980.1k |
| TRUIST FINANCIAL CORP | Reduced | -749.2k |
| Sustainable Growth Advisers, LP | Reduced | -721.8k |
| CHILTON INVESTMENT CO INC. | Reduced | -693.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -586.8k |
| Compagnie Lombard Odier SCmA | Sold out | -493.6k |
| Obermeyer Wealth Partners | Reduced | -493.4k |
Biggest calls
| Cresset Asset Management, LLC | New | $174.6m3.0m shares |
| Twin Tree Management, LP | New | $22.2m380.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $22.0m378.6k shares |
| JANE STREET GROUP, LLC | Added | $16.4m282.5k shares |
| CITADEL ADVISORS LLC | Reduced | $14.9m255.6k shares |
| GROUP ONE TRADING LLC | Added | $7.2m123.0k shares |
| Parallax Volatility Advisers, L.P. | New | $4.9m84.1k shares |
| SIMPLEX TRADING, LLC | Added | $4.9m83.7k shares |
| GARDA CAPITAL PARTNERS LP | New | $3.7m64.4k shares |
| Walleye Trading LLC | Reduced | $3.2m55.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $38.5m661.1k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $12.3m211.2k shares |
| CITADEL ADVISORS LLC | Added | $11.2m192.5k shares |
| Parallax Volatility Advisers, L.P. | New | $2.8m48.8k shares |
| Walleye Trading LLC | Added | $2.5m43.4k shares |
| UBS Group AG | Reduced | $1.9m32.1k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Unchanged | $1.7m29.0k shares |
| TWO SIGMA SECURITIES, LLC | Reduced | $1.1m19.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $1.0m17.5k shares |
| Cubist Systematic Strategies, LLC | Reduced | $1.0m17.5k 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 2026-08-07 | 5.0% |
Fell to 5% or below in the last year: PRICE T ROWE ASSOCIATES INC /MD/ (4.6%, 2026-08-14), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 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 |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 2 | $1.9m | 0 | — | — |
| Q1 2022 | 3 | $1.4m | 1 | $1.0m | — |
| Q2 2022 | 0 | — | 1 | $28.6k | — |
| Q3 2022 | 2 | $1.6m | 0 | — | — |
| Q4 2022 | 2 | $451.9k | 0 | — | — |
| Q1 2023 | 0 | — | 1 | $5.8m | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 35.8m $2.1bn | Reduced -91.8k |
| BlackRock Inc. 0.04% of their portfolio | 23.2m $1.4bn | Reduced -162.4k |
| PARNASSUS INVESTMENTS, LLC 2.75% of their portfolio | 20.3m $1.2bn | Added +136.6k |
| T. Rowe Price Investment Management, Inc. 0.69% of their portfolio | 17.3m $1.0bn | Added +2.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.12% of their portfolio | 14.7m $856.5m | Reduced -115.5k |
| STATE STREET CORP 0.04% of their portfolio | 14.0m $812.2m | Added +169.2k |
| MORGAN STANLEY 0.06% of their portfolio | 9.8m $569.2m | Added +1.2m |
| GOLDMAN SACHS GROUP INC 0.13% of their portfolio | 8.7m $506.9m | Reduced -70.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 6.6m $384.3m | Reduced -80.8k |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 5.8m $336.5m | Added +299.1k |
| Sustainable Growth Advisers, LP 1.42% of their portfolio | 5.1m $298.5m | Reduced -721.8k |
| PUTNAM INVESTMENTS LLC 0.36% of their portfolio | 4.2m $243.6m | Added +184.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 3.7m $213.6m | Reduced -3.1k |
| JENSEN INVESTMENT MANAGEMENT INC 1.29% of their portfolio | 3.0m $176.5m | Added +23.4k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 3.0m $176.0m | Reduced -45.4k |
| Legal & General Group Plc 0.06% of their portfolio | 2.9m $171.0m | Added +67.4k |
| NORGES BANK 0.03% of their portfolio | 2.9m $166.0m | Added +142.5k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 2.7m $158.1m | Reduced -344.3k |
| Thrivent Financial for Lutherans 0.36% of their portfolio | 2.7m $156.5m | Added +23.5k |
| FMR LLC 0.01% of their portfolio | 2.5m $147.8m | Reduced -2.1m |
| Invesco Ltd. 0.04% of their portfolio | 2.5m $147.3m | Added +184.6k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 2.2m $127.0m | Reduced -63.9k |
| Vulcan Value Partners, LLC 1.46% of their portfolio | 2.0m $116.3m | Reduced -138.0k |
| Clearbridge Investments, LLC 0.10% of their portfolio | 1.9m $111.2m | Reduced -37.7k |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 1.9m $108.4m | Reduced -232.8k |
| LONDON CO OF VIRGINIA 0.58% of their portfolio | 1.8m $102.0m | Reduced -118.5k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.7m $101.3m | Reduced -45.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.7m $99.3m | Added +26.3k |
| Mirova US LLC 1.62% of their portfolio | 1.7m $97.4m | Reduced -62.0k |
| CHILTON INVESTMENT CO INC. 2.79% of their portfolio | 1.6m $95.6m | Reduced -693.1k |
| Amundi 0.05% of their portfolio | 1.5m $89.6m | Reduced -213.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 1.5m $83.1m | Unchanged |
| TD Asset Management Inc 0.09% of their portfolio | 1.3m $74.9m | Added +123.2k |
| AMG National Trust Bank 2.38% of their portfolio | 1.2m $71.5m | Added +170 |
| ABN AMRO INVESTMENT SOLUTIONS 1.39% of their portfolio | 1.2m $69.2m | Added +19.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.10% of their portfolio | 1.2m $69.1m | Reduced -586.8k |
| MIZUHO MARKETS AMERICAS LLC 5.01% of their portfolio | 1.2m $68.1m | Added +190.0k |
| BANK OF NOVA SCOTIA 0.17% of their portfolio | 1.1m $66.7m | Added +203.7k |
| Swiss National Bank 0.04% of their portfolio | 1.1m $66.1m | Reduced -110.4k |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 1.1m $65.4m | Added +523.0k |
| RAYMOND JAMES & ASSOCIATES 0.05% of their portfolio | 1.1m $63.1m | Reduced -123.5k |
| PENSIOENFONDS RAIL & OV 2.29% of their portfolio | 1.1m $61.6m | Unchanged |
| FIL Ltd 0.07% of their portfolio | 1.0m $61.0m | Reduced -374.0k |
| Impax Asset Management Group plc 0.24% of their portfolio | 1.0m $58.9m | Added +29.5k |
| Lazard Freres Gestion S.A.S. 1.73% of their portfolio | 1.0m $56.4m | Added +52.1k |
| Ensign Peak Advisors, Inc 0.11% of their portfolio | 957.4k $55.7m | Added +54.6k |
| NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio | 913.0k $53.1m | Reduced -101.4k |
| BARCLAYS PLC 0.03% of their portfolio | 873.0k $50.8m | Reduced -17.1k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 803.2k $46.8m | Reduced -1.0k |
| CREDIT SUISSE AG/ 0.05% of their portfolio | 789.8k $46.0m | Added +87.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 769.7k $44.8m | Reduced -49.3k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 769.0k $44.7m | Added +11.1k |
| AMI ASSET MANAGEMENT CORP 2.62% of their portfolio | 754.7k $43.9m | Added +8.3k |
| NZS Capital, LLC 2.14% of their portfolio | 733.6k $42.7m | Reduced -58.2k |
| NFJ INVESTMENT GROUP, LLC 1.09% of their portfolio | 704.9k $41.0m | Reduced -19.3k |
| TRAN CAPITAL MANAGEMENT, L.P. 4.62% of their portfolio | 672.2k $39.1m | Reduced -33.0k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 598.4k $34.8m | Reduced -25.6k |
| Candriam S.C.A. 0.25% of their portfolio | 596.9k $34.7m | Reduced -65.8k |
| DekaBank Deutsche Girozentrale 0.08% of their portfolio | 596.3k $34.4m | Added +105.7k |
| M&G INVESTMENT MANAGEMENT LTD 0.20% of their portfolio | 591.6k $34.3m | Added +16.3k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 587.7k $34.2m | Reduced -25.7k |
| TRILLIUM ASSET MANAGEMENT, LLC 0.96% of their portfolio | 586.0k $34.1m | Added +2.0k |
| Credential Qtrade Securities Inc. 2.12% of their portfolio | 580.3k $33.8m | Added +23.7k |
| AXA S.A. 0.11% of their portfolio | 576.2k $33.5m | Reduced -190.1k |
| CITIGROUP INC 0.04% of their portfolio | 575.4k $33.5m | Added +282.0k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 554.6k $32.3m | Reduced -75.1k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 546.7k $31.8m | Reduced -14.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 510.5k $29.7m | Reduced -11.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 493.9k $28.8m | Added +1.7k |
| Janney Montgomery Scott LLC 0.10% of their portfolio | 487.0k $28.3m | New |
| Cresset Asset Management, LLC 0.20% of their portfolio | 485.7k $28.3m | Reduced -22.8k |
| Select Equity Group, L.P. 0.10% of their portfolio | 476.6k $27.7m | New |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 469.9k $27.4m | Reduced -108.2k |
| National Pension Service 0.04% of their portfolio | 468.4k $27.0m | Added +32.4k |
| California Public Employees Retirement System 0.02% of their portfolio | 453.3k $26.4m | Reduced -1.4m |
| STOREBRAND ASSET MANAGEMENT AS 0.12% of their portfolio | 432.0k $25.1m | Added +22.9k |
| NORRIS PERNE & FRENCH LLP/MI 2.10% of their portfolio | 428.2k $24.9m | Added +8.2k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 418.1k $24.3m | Added +17.2k |
| Welch & Forbes LLC 0.37% of their portfolio | 400.6k $23.3m | Reduced -16.4k |
| FIRST MANHATTAN CO. LLC. 0.08% of their portfolio | 396.6k $20.7m | Added +286.2k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 372.7k $21.7m | Added +74.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 360.5k $21.0m | Reduced -24.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 353.4k $20.6m | Added +15.8k |
| Northwest & Ethical Investments L.P. 0.66% of their portfolio | 352.8k $20.5m | Added +126.1k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 352.5k $20.6m | Reduced -9.1k |
| CWM, LLC 0.12% of their portfolio | 344.4k $20.0m | Added +56.6k |
| Soapstone Management L.P. 8.88% of their portfolio | 341.7k $19.9m | Added +16.7k |
| TRUIST FINANCIAL CORP 0.03% of their portfolio | 341.6k $19.9m | Reduced -749.2k |
| TORONTO DOMINION BANK 0.01% of their portfolio | 340.8k $19.8m | Added +201.3k |
| Mariner, LLC 0.05% of their portfolio | 339.9k $19.8m | Added +273.0k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 339.5k $19.8m | Reduced -112.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 337.6k $19.7m | Reduced -10.8k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.11% of their portfolio | 331.0k $19.3m | Reduced -4.3k |
| Aberdeen Group plc 0.04% of their portfolio | 322.8k $18.8m | Added +27.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 308.5k $18.0m | Reduced -17.3k |
| Gradient Investments LLC 0.45% of their portfolio | 300.8k $17.5m | Added +8.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.05% of their portfolio | 280.6k $16.3m | Reduced -29.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 279.5k $16.3m | Added +15.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 273.3k $15.9m | Reduced -107.0k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 272.8k $15.9m | Reduced -2.9k |