BORGWARNER INC BWA
COM · Common Stock · CUSIP 099724106 · ISIN US0997241064
- SectorConsumer discretionary
- IndustryMotor Vehicle Parts & Accessories
- HeadquartersAuburn Hills, MI
- Founded1880
- Websiteborgwarner.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 ($57.8m this quarter). Holder counts are more reliable. Shares outstanding: 235.1m as of 2023-07-28, 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 ≈ $48.62. Options: 13 managers hold calls ($24.3m notional), 15 hold puts ($21.6m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 602 |
| Q4 2022 | 650 |
| Q1 2023 | 709 |
| Q2 2023 | 729 |
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 | 328 | 276 |
| Q1 2023 | 381 | 283 |
| Q2 2023 | 375 | 324 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $35.3m | $21.1m | 0.60 |
| Q4 2022 | $38.9m | $25.6m | 0.66 |
| Q1 2023 | $32.9m | $23.3m | 0.71 |
| Q2 2023 | $24.3m | $21.6m | 0.89 |
Biggest buyers
| Boston Partners | New | +3.3m |
| Nuveen Asset Management, LLC | Added | +2.1m |
| NORDEA INVESTMENT MANAGEMENT AB | Added | +1.7m |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | New | +1.5m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.5m |
| Mawer Investment Management Ltd. | New | +1.0m |
| GOLDMAN SACHS GROUP INC | Added | +501.2k |
| Man Group plc | New | +453.6k |
| EARNEST PARTNERS LLC | Added | +425.1k |
| 683 Capital Management, LLC | Added | +393.0k |
Biggest sellers
| FMR LLC | Reduced | -4.0m |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -2.4m |
| Ceredex Value Advisors LLC | Sold out | -1.6m |
| Newport Trust Company, LLC | Sold out | -1.5m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -1.4m |
| CITADEL ADVISORS LLC | Reduced | -1.0m |
| Amundi | Reduced | -898.1k |
| BANK OF MONTREAL /CAN/ | Reduced | -817.5k |
| Holocene Advisors, LP | Sold out | -628.2k |
| GREAT LAKES ADVISORS, LLC | Reduced | -622.6k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $6.7m136.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.2m105.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $3.1m62.9k shares |
| SIMPLEX TRADING, LLC | Added | $2.9m59.2k shares |
| JANE STREET GROUP, LLC | Reduced | $2.3m47.5k shares |
| GROUP ONE TRADING LLC | Added | $1.7m33.9k shares |
| IMC-Chicago, LLC | Reduced | $890.2k18.2k shares |
| Walleye Capital LLC | Added | $870.6k17.8k shares |
| Walleye Trading LLC | Reduced | $259.2k5.3k shares |
| CSS LLC/IL | New | $244.6k5.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $5.1m103.4k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $4.9m100.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.9m80.2k shares |
| BANK OF AMERICA CORP /DE/ | Added | $2.0m40.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $1.2m24.9k shares |
| Walleye Trading LLC | Reduced | $836.4k17.1k shares |
| Squarepoint Ops LLC | Reduced | $831.5k17.0k shares |
| JANE STREET GROUP, LLC | Unchanged | $821.7k16.8k shares |
| IMC-Chicago, LLC | New | $552.7k11.3k shares |
| SIMPLEX TRADING, LLC | Added | $518.0k10.6k 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 -3.0 pts · filed 2026-01-21 | 8.6% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.3% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution new · filed 2025-01-23 | 5.2% |
Fell to 5% or below in the last year: BlackRock Portfolio Management LLC (4.2%, 2026-04-30; now reported by BlackRock, Inc.), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO 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 | 0 | — | 1 | $428.7k | — |
| Q1 2022 | 0 | — | 1 | $250.5k | — |
| Q2 2022 | 0 | — | 1 | $861.5k | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $255.1k | — |
| Q1 2023 | 0 | — | 10 | $16.8m | — |
| Q2 2023 | 0 | — | 3 | $596.5k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-14 | Demmerle Stefan Vice President | Sold | $238.1k5.0k shares |
| 2023-05-30 | Fadool Joseph F. Vice President · By 401k | Sold | $9.8k210 shares |
| 2023-05-26 | Fadool Joseph F. Vice President · By 401k | Sold | $29.7k631 shares |
| 2023-05-17 | MICHAS ALEXIS P Director | Sold | $318.8k7.2k 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 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 26.9m $1.3bn | Added +145.5k |
| BlackRock Inc. 0.02% of their portfolio | 18.0m $881.0m | Reduced -415.7k |
| STATE STREET CORP 0.03% of their portfolio | 10.4m $511.1m | Added +357.3k |
| HARRIS ASSOCIATES L P 0.93% of their portfolio | 10.1m $496.2m | Reduced -424.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.46% of their portfolio | 8.6m $421.3m | Reduced -235.0k |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 7.1m $349.4m | Added +51.4k |
| MACQUARIE GROUP LTD 0.31% of their portfolio | 5.5m $267.2m | Added +140.8k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 1.17% of their portfolio | 5.3m $259.1m | Reduced -120.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 5.1m $250.5m | Added +120.0k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 4.8m $236.4m | Reduced -217.3k |
| MORGAN STANLEY 0.02% of their portfolio | 4.0m $197.2m | Added +227.8k |
| LSV ASSET MANAGEMENT 0.40% of their portfolio | 3.7m $179.2m | Added +10.4k |
| FMR LLC 0.01% of their portfolio | 3.6m $173.8m | Reduced -4.0m |
| AMERICAN CENTURY COMPANIES INC 0.13% of their portfolio | 3.5m $173.2m | Reduced -1.4m |
| Invesco Ltd. 0.04% of their portfolio | 3.4m $165.1m | Added +161.2k |
| Boston Partners 0.22% of their portfolio | 3.3m $161.2m | New |
| EARNEST PARTNERS LLC 0.67% of their portfolio | 2.8m $119.5m | Added +425.1k |
| Nuveen Asset Management, LLC 0.05% of their portfolio | 2.7m $131.0m | Added +2.1m |
| MILLENNIUM MANAGEMENT LLC 0.14% of their portfolio | 2.6m $129.5m | Reduced -449.6k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 2.6m $127.6m | Reduced -87.6k |
| NORGES BANK 0.02% of their portfolio | 2.4m $119.4m | Added +23.6k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.53% of their portfolio | 2.3m $113.5m | Added +171.3k |
| TURTLE CREEK ASSET MANAGEMENT INC. 3.24% of their portfolio | 2.3m $113.0m | Reduced -17.5k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 2.1m $102.2m | Reduced -40.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 2.0m $99.8m | Reduced -20.5k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.70% of their portfolio | 2.0m $97.8m | Reduced -274.3k |
| PRUDENTIAL FINANCIAL INC 0.13% of their portfolio | 1.9m $92.5m | Added +17.6k |
| Legal & General Group Plc 0.03% of their portfolio | 1.8m $87.9m | Added +185.7k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.8m $87.7m | Added +501.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.11% of their portfolio | 1.7m $83.1m | Added +1.7m |
| Amundi 0.04% of their portfolio | 1.6m $80.2m | Reduced -898.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 1.6m $75.8m | Added +1.5m |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.28% of their portfolio | 1.5m $75.5m | New |
| GREAT LAKES ADVISORS, LLC 0.74% of their portfolio | 1.5m $73.9m | Reduced -622.6k |
| SEI INVESTMENTS CO 0.12% of their portfolio | 1.4m $69.6m | Reduced -57.6k |
| ARIEL INVESTMENTS, LLC 0.62% of their portfolio | 1.3m $65.3m | Reduced -278.6k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 1.3m $63.0m | Reduced -210.3k |
| Evercore Wealth Management, LLC 1.15% of their portfolio | 1.3m $62.9m | Added +3.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 1.2m $58.9m | Unchanged |
| Ninety One UK Ltd 0.15% of their portfolio | 1.0m $50.9m | Reduced -60.7k |
| Mawer Investment Management Ltd. 0.26% of their portfolio | 1.0m $49.1m | New |
| 683 Capital Management, LLC 4.48% of their portfolio | 943.0k $46.1m | Added +393.0k |
| Artisan Partners Limited Partnership 0.07% of their portfolio | 901.8k $44.1m | Reduced -43.2k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 901.7k $44.1m | Added +17.5k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 868.8k $42.5m | Added +101.4k |
| Swiss National Bank 0.03% of their portfolio | 844.1k $41.3m | Reduced -85.2k |
| STOREBRAND ASSET MANAGEMENT AS 0.18% of their portfolio | 824.7k $40.3m | Added +10.4k |
| AQR CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 785.2k $38.1m | Added +137.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 782.8k $38.3m | Added +162.0k |
| Robeco Institutional Asset Management B.V. 0.10% of their portfolio | 756.5k $37.0m | Added +47.9k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 707.6k $34.6m | Reduced -323.8k |
| PINEBRIDGE INVESTMENTS, L.P. 0.37% of their portfolio | 704.1k $34.4m | Reduced -10.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 690.3k $33.8m | Reduced -94.9k |
| COMERICA BANK 0.00% of their portfolio | 664.0k $1 | First filing |
| CREDIT SUISSE AG/ 0.03% of their portfolio | 655.2k $32.0m | Added +60.3k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 605.2k $29.6m | Reduced -110.0k |
| Retirement Systems of Alabama 0.13% of their portfolio | 592.3k $29.0m | Reduced -15.9k |
| AXA S.A. 0.08% of their portfolio | 553.9k $23.8m | Reduced -69.0k |
| UBS Group AG 0.01% of their portfolio | 537.9k $26.3m | Reduced -266.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 528.8k $25.9m | Reduced -10.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 509.5k $24.9m | Reduced -2.4m |
| Dana Investment Advisors, Inc. 1.19% of their portfolio | 505.3k $24.1m | Added +102.5k |
| COOKSON PEIRCE & CO INC 1.51% of their portfolio | 504.8k $24.7m | Reduced -3.5k |
| GLENMEDE TRUST CO NA 0.14% of their portfolio | 496.8k $24.4m | Reduced -1.1k |
| NATIXIS ADVISORS, LLC 0.07% of their portfolio | 495.6k $24.2m | Added +120.3k |
| BARCLAYS PLC 0.02% of their portfolio | 494.4k $24.2m | Added +112.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 493.9k $24.2m | Added +229.6k |
| STRS OHIO 0.10% of their portfolio | 489.8k $24.0m | Reduced -483.5k |
| DAVIS R M INC 0.57% of their portfolio | 488.1k $23.9m | Reduced -267 |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 487.3k $23.8m | Reduced -5.2k |
| California Public Employees Retirement System 0.02% of their portfolio | 485.1k $23.7m | Reduced -19.7k |
| Swedbank AB 0.04% of their portfolio | 455.1k $22.3m | Added +1.0k |
| Man Group plc 0.07% of their portfolio | 453.6k $22.2m | New |
| RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio | 438.8k $21.5m | Reduced -17.0k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 426.9k $19.1m | Added +66.6k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 409.1k $20.0m | Reduced -817.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 403.6k $19.7m | Added +120.6k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 395.9k $19.4m | Added +361.4k |
| SPRUCEGROVE INVESTMENT MANAGEMENT LTD 0.98% of their portfolio | 383.5k $18.8m | Reduced -69.8k |
| TODD ASSET MANAGEMENT LLC 0.43% of their portfolio | 380.9k $18.6m | New |
| Cerity Partners LLC 0.07% of their portfolio | 373.8k $18.3m | Added +11.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 369.9k $18.1m | Reduced -10.2k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.17% of their portfolio | 369.1k $18.1m | Added +347.3k |
| KBC Group NV 0.07% of their portfolio | 365.7k $17.9m | Added +127.6k |
| CITIGROUP INC 0.02% of their portfolio | 365.1k $17.9m | Reduced -6.3k |
| GAMCO INVESTORS, INC. ET AL 0.19% of their portfolio | 362.9k $17.7m | Reduced -1.8k |
| Biechele Royce Advisors 6.14% of their portfolio | 360.4k $17.6m | Added +18.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.04% of their portfolio | 354.0k $16.4m | Added +7.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 342.0k $16.7m | Reduced -2.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 341.0k $16.7m | Reduced -3.5k |
| SHUFRO ROSE & CO LLC 1.52% of their portfolio | 340.1k $16.6m | Added +87.6k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.05% of their portfolio | 331.3k $16.2m | Reduced -27.4k |
| INTECH INVESTMENT MANAGEMENT LLC 0.17% of their portfolio | 328.8k $16.1m | Added +26.7k |
| Leeward Investments, LLC - MA 0.72% of their portfolio | 315.4k $15.4m | Reduced -22.3k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.07% of their portfolio | 314.9k $15.4m | Added +156.3k |
| Sequoia Financial Advisors, LLC 0.26% of their portfolio | 309.5k $15.1m | Added +66.8k |
| GABELLI FUNDS LLC 0.11% of their portfolio | 308.6k $15.1m | Reduced -11.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.06% of their portfolio | 307.3k $15.0m | Added +9.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 304.4k $14.9m | Reduced -135.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 299.3k $14.6m | Reduced -30.2k |