BIOGEN INC BIIB
COM · Common Stock · CUSIP 09062X103 · ISIN US09062X1037
American multinational biotechnology company
- SectorHealth care
- IndustryBiological Products, (No Diagnostic Substances)
- HeadquartersCambridge, MA
- Founded1978
- Websitebiogen.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 ($62.9m this quarter). Holder counts are more reliable. Shares outstanding: 147.8m as of 2026-07-27, 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 ≈ $215.85. Options: 34 managers hold calls ($675.6m notional), 28 hold puts ($473.2m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 986 |
| Q4 2022 | 1,030 |
| Q1 2023 | 1,003 |
| Q2 2023 | 1,009 |
| Q3 2023 | 967 |
| Q4 2023 | 1,005 |
| Q1 2024 | 955 |
| Q2 2024 | 947 |
| Q3 2024 | 921 |
| Q4 2024 | 878 |
| Q1 2025 | 884 |
| Q2 2025 | 868 |
| Q3 2025 | 910 |
| Q4 2025 | 1,003 |
| Q1 2026 | 1,013 |
| Q2 2026 | 1,042 |
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 2024 | 360 | 495 |
| Q4 2024 | 368 | 481 |
| Q1 2025 | 437 | 378 |
| Q2 2025 | 424 | 361 |
| Q3 2025 | 439 | 341 |
| Q4 2025 | 457 | 382 |
| Q1 2026 | 515 | 395 |
| Q2 2026 | 534 | 376 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $612.4m | $327.0m | 0.53 |
| Q4 2025 | $733.7m | $469.8m | 0.64 |
| Q1 2026 | $324.3m | $359.8m | 1.11 |
| Q2 2026 | $675.6m | $473.2m | 0.70 |
Biggest buyers
| FMR LLC | Added | +5.4m |
| Amundi | Added | +726.0k |
| UBS Group AG | Added | +506.7k |
| Pacer Advisors, Inc. | Added | +462.6k |
| PRIMECAP MANAGEMENT CO/CA/ | Added | +397.0k |
| CITADEL ADVISORS LLC | Added | +280.3k |
| PERCEPTIVE ADVISORS LLC | New | +276.2k |
| MORGAN STANLEY | Added | +240.3k |
| CITIGROUP INC | Added | +234.0k |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +192.2k |
Biggest sellers
| T. Rowe Price Investment Management, Inc. | Reduced | -1.0m |
| VAN ECK ASSOCIATES CORP | Reduced | -981.8k |
| Point72 Asset Management, L.P. | Reduced | -721.5k |
| Boston Partners | Reduced | -436.6k |
| Balyasny Asset Management L.P. | Reduced | -385.0k |
| BARCLAYS PLC | Reduced | -304.3k |
| Sofinnova Investments, Inc. | Sold out | -229.5k |
| MARSHALL WACE, LLP | Reduced | -217.3k |
| Qube Research & Technologies Ltd | Sold out | -212.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Reduced | -203.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $136.2m630.3k shares |
| UBS Group AG | Added | $108.3m501.2k shares |
| LMR Partners LLP | New | $84.0m389.0k shares |
| CITADEL ADVISORS LLC | Added | $68.1m315.0k shares |
| JANE STREET GROUP, LLC | Added | $41.3m191.1k shares |
| Patient Capital Management, LLC | Added | $40.9m189.4k shares |
| IMC-Chicago, LLC | Reduced | $28.1m129.9k shares |
| Balyasny Asset Management L.P. | New | $21.6m100.0k shares |
| SPHERA FUNDS MANAGEMENT LTD. | New | $21.6m100.0k shares |
| PEAK6 LLC | Added | $20.4m94.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $204.3m945.8k shares |
| LMR Partners LLP | Added | $62.3m288.2k shares |
| JANE STREET GROUP, LLC | Added | $47.1m218.1k shares |
| BARCLAYS PLC | Unchanged | $38.9m180.0k shares |
| CITADEL ADVISORS LLC | Added | $29.0m134.2k shares |
| IMC-Chicago, LLC | Reduced | $25.3m117.3k shares |
| Caption Management, LLC | Added | $10.8m50.0k shares |
| NOMURA HOLDINGS INC | Unchanged | $9.2m42.7k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $7.5m34.8k shares |
| Walleye Trading LLC | Added | $7.2m33.4k 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 |
|---|---|
| FMR LLC 13G · institution +1.1 pts · filed 2026-08-06 | 12.4% |
| PRIMECAP MANAGEMENT CO/CA/ 13G · institution filed 2025-11-13 | 10.2% |
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 8.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
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 2024 | 0 | — | 1 | $17.3k | $17.3k |
| Q1 2025 | 0 | — | 1 | $1.3m | $1.3m |
| Q2 2025 | 1 | $151.6k | 1 | $480.5k | $480.5k |
| Q3 2025 | 0 | — | 2 | $369.2k | $369.2k |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 1 | $585 | 1 | $665.7k | $665.7k |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 1 | $239.7k | $239.7k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-04 | Minor Lloyd Director | Sold plan | $119.2k593 shares |
| 2026-08-03 | Minor Lloyd Director | Sold plan | $120.6k593 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.17% of their portfolio | 18.2m $3.9bn | Added +5.4m |
| BlackRock, Inc. 0.05% of their portfolio | 16.0m $3.5bn | Added +11.1k |
| PRIMECAP MANAGEMENT CO/CA/ 1.94% of their portfolio | 15.2m $3.3bn | Added +397.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 9.7m $2.1bn | Added +113.7k |
| STATE STREET CORP 0.05% of their portfolio | 7.3m $1.6bn | Added +176.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.06% of their portfolio | 6.6m $1.4bn | Added +73.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 4.4m $957.9m | Added +106.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.12% of their portfolio | 3.1m $673.6m | Added +155.8k |
| NORGES BANK 0.06% of their portfolio | 2.6m $557.4m | Not comparable |
| MORGAN STANLEY 0.03% of their portfolio | 2.4m $521.0m | Added +240.3k |
| AQR CAPITAL MANAGEMENT LLC 0.15% of their portfolio | 1.9m $416.9m | Added +13.3k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 1.8m $394.9m | Reduced -192.9k |
| Invesco Ltd. 0.03% of their portfolio | 1.8m $389.8m | Added +58.7k |
| Amundi 0.08% of their portfolio | 1.5m $327.7m | Added +726.0k |
| Legal & General Group Plc 0.07% of their portfolio | 1.5m $322.6m | Added +143.5k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 1.4m $308.9m | Reduced -17.1k |
| Boston Partners 0.24% of their portfolio | 1.3m $272.8m | Reduced -436.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 1.3m $271.2m | Reduced -122.4k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.2m $265.8m | Added +179.3k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 1.1m $248.2m | Added +69.4k |
| Pacer Advisors, Inc. 0.63% of their portfolio | 1.1m $242.6m | Added +462.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.1m $241.5m | Reduced -31.7k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 1.1m $241.2m | Reduced -40.1k |
| UBS Group AG 0.04% of their portfolio | 1.0m $222.6m | Added +506.7k |
| Alyeska Investment Group, L.P. 0.52% of their portfolio | 932.4k $201.4m | Added +127.3k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 894.0k $193.2m | Reduced -169.8k |
| Pictet Asset Management Holding SA 0.18% of their portfolio | 851.8k $184.1m | Reduced -61.5k |
| VANGUARD FIDUCIARY TRUST CO 0.04% of their portfolio | 829.3k $179.2m | Added +3.8k |
| Robeco Institutional Asset Management B.V. 0.21% of their portfolio | 791.1k $170.9m | Added +27.9k |
| FRED ALGER MANAGEMENT, LLC 0.57% of their portfolio | 788.3k $170.3m | Added +55.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 774.3k $167.3m | Added +101.9k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 773.6k $167.1m | Reduced -14.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 744.9k $163.1m | Added +24.3k |
| CITIGROUP INC 0.07% of their portfolio | 734.5k $158.7m | Added +234.0k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 708.6k $153.1m | Added +177.2k |
| Employees Provident Fund Board 0.87% of their portfolio | 704.2k $152.1m | Unchanged |
| FIRST TRUST ADVISORS LP 0.09% of their portfolio | 682.0k $147.4m | Added +8.1k |
| AustralianSuper Pty Ltd 0.63% of their portfolio | 672.7k $145.3m | Added +56.5k |
| Artemis Investment Management LLP 1.10% of their portfolio | 571.0k $123.4m | Reduced -597 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.22% of their portfolio | 540.0k $116.7m | Added +17.8k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 527.9k $114.0m | Added +64.2k |
| Caisse de depot et placement du Quebec 0.16% of their portfolio | 510.2k $110.2m | Reduced -8.5k |
| LSV ASSET MANAGEMENT 0.17% of their portfolio | 444.0k $95.9m | Added +110.3k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 418.4k $90.4m | Added +280.3k |
| Swiss National Bank 0.05% of their portfolio | 413.9k $89.4m | Reduced -16.7k |
| National Pension Service 0.06% of their portfolio | 406.1k $87.7m | Added +4.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 387.5k $83.7m | Reduced -83.5k |
| Candriam S.C.A. 0.37% of their portfolio | 384.3k $83.0m | Added +2.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 358.8k $77.5m | Added +24.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 346.6k $74.9m | Reduced -9.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 343.4k $74.2m | Added +22.6k |
| FIL Ltd 0.05% of their portfolio | 342.6k $74.0m | Added +24.6k |
| Fisher Asset Management, LLC 0.02% of their portfolio | 338.0k $73.0m | Added +25.4k |
| Vanguard Global Advisers, LLC 0.03% of their portfolio | 335.9k $72.6m | Reduced -7.8k |
| California Public Employees Retirement System 0.04% of their portfolio | 329.1k $71.1m | Reduced -11.8k |
| Swedbank AB 0.06% of their portfolio | 320.6k $69.3m | Added +30.8k |
| Nuveen, LLC 0.02% of their portfolio | 317.2k $68.5m | Reduced -41.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.04% of their portfolio | 284.4k $61.4m | Added +34.6k |
| Patient Capital Management, LLC 2.04% of their portfolio | 283.7k $61.3m | Reduced -96.0k |
| Gotham Asset Management, LLC 0.14% of their portfolio | 279.9k $60.5m | Reduced -18.5k |
| KBC Group NV 0.13% of their portfolio | 278.7k $60.2m | Added +44.0k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.65% of their portfolio | 278.3k $60.1m | Reduced -2.5k |
| PERCEPTIVE ADVISORS LLC 0.93% of their portfolio | 276.2k $59.7m | New |
| Balyasny Asset Management L.P. 0.10% of their portfolio | 265.1k $57.3m | Reduced -385.0k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 263.0k $56.8m | Reduced -12.5k |
| BARCLAYS PLC 0.02% of their portfolio | 247.2k $53.4m | Reduced -304.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 246.8k $53.3m | Added +192.2k |
| AEGON ASSET MANAGEMENT UK Plc 0.56% of their portfolio | 241.1k $52.1m | Reduced -17.6k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.05% of their portfolio | 234.1k $50.6m | Added +18.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 220.0k $47.5m | Reduced -678 |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 215.0k $39.4m | Added +2.1k |
| KLP KAPITALFORVALTNING AS 0.14% of their portfolio | 199.2k $43.0m | Unchanged |
| Man Group plc 0.08% of their portfolio | 196.2k $42.4m | Reduced -122.5k |
| PANAGORA ASSET MANAGEMENT INC 0.12% of their portfolio | 186.9k $40.4m | Added +44.9k |
| NISSAY ASSET MANAGEMENT CORP /JAPAN 0.17% of their portfolio | 185.3k $40.0m | Added +155.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 184.4k $39.9m | Reduced -2.6k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 178.0k $32.7m | Reduced -37 |
| JUPITER ASSET MANAGEMENT LTD 0.17% of their portfolio | 160.1k $34.6m | Added +152.9k |
| Quantinno Capital Management LP 0.04% of their portfolio | 152.0k $32.8m | Added +35.6k |
| Treasurer of the State of North Carolina 0.08% of their portfolio | 148.6k $32.1m | Added +73.5k |
| LETKO, BROSSEAU & ASSOCIATES INC 0.47% of their portfolio | 146.6k $31.7m | Reduced -4.3k |
| Portolan Capital Management, LLC 1.16% of their portfolio | 142.9k $30.9m | Added +24.4k |
| Palo Alto Investors LP 4.19% of their portfolio | 140.3k $30.3m | Reduced -440 |
| Walleye Trading LLC 0.42% of their portfolio | 139.3k $30.1m | Added +39.7k |
| Creative Planning 0.02% of their portfolio | 138.6k $29.9m | Added +21.4k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.14% of their portfolio | 138.3k $29.9m | Reduced -3.1k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 137.4k $29.7m | Reduced -7.0k |
| Nippon Life Global Investors Americas, Inc. 1.18% of their portfolio | 137.2k $29.6m | Added +103.7k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 133.9k $29.0m | Reduced -1.9k |
| IEQ CAPITAL, LLC 0.13% of their portfolio | 132.1k $28.6m | Reduced -19.9k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.51% of their portfolio | 130.5k $28.2m | Reduced -117.8k |
| LORD, ABBETT & CO. LLC 0.08% of their portfolio | 130.2k $28.1m | New |
| ACADIAN ASSET MANAGEMENT LLC 0.03% of their portfolio | 129.9k $28.1m | Reduced -118.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 129.6k $28.0m | Reduced -203.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 128.7k $27.8m | Added +1.5k |
| Aberdeen Group plc 0.04% of their portfolio | 128.2k $27.7m | Reduced -22.9k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 124.3k $26.8m | Added +31.6k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 122.3k $26.4m | Added +535 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 121.3k $26.2m | Reduced -2.9k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 114.2k $24.7m | Added +9.4k |