CARDINAL HEALTH INC CAH
COM · Common Stock · CUSIP 14149Y108 · ISIN US14149Y1082
- SectorHealth care
- IndustryWholesale-Drugs, Proprietaries & Druggists' Sundries
- HeadquartersDublin, OH
- Founded1971
- Websitecardinalhealth.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 ($80.4m this quarter). Holder counts are more reliable. Shares outstanding: 250.7m 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 ≈ $94.28. Options: 31 managers hold calls ($356.4m notional), 28 hold puts ($227.3m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 851 |
| Q4 2022 | 932 |
| Q1 2023 | 910 |
| Q2 2023 | 953 |
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 | 412 | 409 |
| Q1 2023 | 390 | 442 |
| Q2 2023 | 432 | 436 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $322.3m | $204.7m | 0.64 |
| Q4 2022 | $227.9m | $179.1m | 0.79 |
| Q1 2023 | $294.2m | $114.2m | 0.39 |
| Q2 2023 | $356.4m | $227.3m | 0.64 |
Biggest buyers
| Man Group plc | New | +1.9m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +1.5m |
| MARSHALL WACE, LLP | Added | +1.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.1m |
| AMERIPRISE FINANCIAL INC | Added | +897.9k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +735.0k |
| AQR CAPITAL MANAGEMENT LLC | Added | +721.7k |
| Pacer Advisors, Inc. | Added | +635.6k |
| LORD, ABBETT & CO. LLC | New | +538.0k |
| Zurich Insurance Group Ltd/FI | Added | +519.2k |
Biggest sellers
| FMR LLC | Reduced | -6.3m |
| CITADEL ADVISORS LLC | Reduced | -2.6m |
| Man Group plc | Sold out | -2.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.4m |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -850.2k |
| BlackRock Inc. | Reduced | -820.5k |
| MORGAN STANLEY | Reduced | -735.2k |
| NOMURA HOLDINGS INC | Reduced | -629.0k |
| Balyasny Asset Management L.P. | Reduced | -529.2k |
| STATE STREET CORP | Reduced | -485.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $77.8m822.2k shares |
| CITADEL ADVISORS LLC | Reduced | $60.4m638.7k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $45.0m476.1k shares |
| SIMPLEX TRADING, LLC | Added | $17.5m184.6k shares |
| GOLDMAN SACHS GROUP INC | New | $16.0m169.2k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $14.8m1.6k shares |
| CITIGROUP INC | New | $12.9m136.0k shares |
| PEAK6 Investments LLC | Added | $11.8m125.2k shares |
| Walleye Trading LLC | Added | $11.1m117.8k shares |
| D. E. Shaw & Co., Inc. | Added | $10.7m113.4k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $54.5m576.1k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $42.8m452.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $35.1m370.9k shares |
| Squarepoint Ops LLC | Added | $13.5m142.9k shares |
| Portman Square Capital LLP | New | $9.0m95.3k shares |
| D. E. Shaw & Co., Inc. | Added | $8.3m87.7k shares |
| Walleye Capital LLC | Added | $7.3m77.5k shares |
| Walleye Trading LLC | Reduced | $6.9m72.7k shares |
| SIMPLEX TRADING, LLC | Added | $6.5m68.6k shares |
| Delta Accumulation, LLC | Added | $5.1m54.0k 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 filed 2025-02-07 | 7.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| WELLINGTON MANAGEMENT GROUP LLP 13G · institution new · filed 2026-08-13 | 6.3% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.8% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC), BlackRock Portfolio Management LLC (3.8%, 2026-01-21; now reported by BlackRock, Inc.)
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 | 1 | $10.4k | 1 | $491.7k | — |
| Q1 2022 | 1 | $5.9k | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 1 | $42.2k | 2 | $6.5m | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.07% of their portfolio | 32.8m $3.1bn | Added +61.3k |
| BlackRock Inc. 0.07% of their portfolio | 28.5m $2.7bn | Reduced -820.5k |
| STATE STREET CORP 0.08% of their portfolio | 15.1m $1.4bn | Reduced -485.2k |
| FMR LLC 0.05% of their portfolio | 6.1m $578.4m | Reduced -6.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 5.4m $512.0m | Added +31.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.55% of their portfolio | 4.8m $454.0m | Added +1.1m |
| MORGAN STANLEY 0.04% of their portfolio | 4.7m $444.7m | Reduced -735.2k |
| Invesco Ltd. 0.10% of their portfolio | 4.1m $385.4m | Reduced -264.7k |
| ACADIAN ASSET MANAGEMENT LLC 1.38% of their portfolio | 3.5m $335.6m | Added +1.5m |
| NORTHERN TRUST CORP 0.06% of their portfolio | 3.3m $313.2m | Added +18.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio | 3.2m $304.1m | Reduced -1.4m |
| Pacer Advisors, Inc. 1.15% of their portfolio | 3.0m $286.3m | Added +635.6k |
| NORGES BANK 0.05% of their portfolio | 2.6m $249.3m | Added +101.8k |
| LSV ASSET MANAGEMENT 0.53% of their portfolio | 2.5m $238.8m | Added +68.3k |
| AQR CAPITAL MANAGEMENT LLC 0.50% of their portfolio | 2.5m $233.6m | Added +721.7k |
| Amundi 0.11% of their portfolio | 2.4m $223.8m | Added +3.4k |
| Legal & General Group Plc 0.07% of their portfolio | 2.3m $220.1m | Reduced -31.3k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 2.3m $218.7m | Reduced -22.6k |
| AMERIPRISE FINANCIAL INC 0.07% of their portfolio | 2.3m $214.3m | Added +897.9k |
| ProShare Advisors LLC 0.60% of their portfolio | 2.2m $206.4m | Reduced -130.7k |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 2.0m $190.9m | Added +133.5k |
| Allianz Asset Management GmbH 0.38% of their portfolio | 2.0m $189.4m | Reduced -5.7k |
| Elliott Investment Management L.P. 2.26% of their portfolio | 2.0m $189.1m | Unchanged |
| Nuveen Asset Management, LLC 0.06% of their portfolio | 2.0m $186.6m | Reduced -417.3k |
| Man Group plc 0.57% of their portfolio | 1.9m $183.9m | New |
| AMERICAN CENTURY COMPANIES INC 0.14% of their portfolio | 1.9m $182.0m | Added +53.2k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 1.9m $180.1m | Reduced -75.0k |
| PZENA INVESTMENT MANAGEMENT LLC 0.76% of their portfolio | 1.9m $178.4m | Reduced -226.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 1.8m $136.0m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 1.6m $146.7m | Reduced -47.9k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 1.5m $137.7m | Added +394.2k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 1.4m $129.7m | Reduced -254.7k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.4m $129.2m | Reduced -263.6k |
| MARSHALL WACE, LLP 0.28% of their portfolio | 1.4m $129.1m | Added +1.3m |
| PRUDENTIAL FINANCIAL INC 0.18% of their portfolio | 1.3m $126.4m | Added +419.3k |
| BRANDES INVESTMENT PARTNERS, LP 2.34% of their portfolio | 1.2m $116.0m | Reduced -133.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.16% of their portfolio | 1.2m $114.0m | Added +735.0k |
| Robeco Institutional Asset Management B.V. 0.28% of their portfolio | 1.1m $105.6m | Reduced -72.5k |
| Point72 Asset Management, L.P. 0.31% of their portfolio | 950.1k $89.9m | Added +184.5k |
| Swiss National Bank 0.06% of their portfolio | 930.5k $88.0m | Reduced -109.7k |
| MILLER HOWARD INVESTMENTS INC /NY 2.81% of their portfolio | 835.7k $79.0m | Reduced -866 |
| JANUS HENDERSON GROUP PLC 0.05% of their portfolio | 828.9k $78.4m | Added +19.5k |
| California Public Employees Retirement System 0.07% of their portfolio | 815.1k $77.1m | Reduced -9.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.08% of their portfolio | 729.3k $69.0m | Added +72.7k |
| CRAWFORD INVESTMENT COUNSEL INC 1.40% of their portfolio | 727.1k $68.8m | Reduced -30.2k |
| NOMURA HOLDINGS INC 0.70% of their portfolio | 721.8k $68.3m | Reduced -629.0k |
| HighTower Advisors, LLC 0.13% of their portfolio | 705.2k $66.7m | Added +41.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 699.6k $66.2m | Reduced -165.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.08% of their portfolio | 694.0k $65.6m | Reduced -61.3k |
| BARCLAYS PLC 0.04% of their portfolio | 693.5k $65.6m | Added +74.8k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.97% of their portfolio | 687.9k $65.1m | Added +56.4k |
| OLD REPUBLIC INTERNATIONAL CORP 2.03% of their portfolio | 653.0k $61.8m | Reduced -193.0k |
| PFM Health Sciences, LP 2.43% of their portfolio | 639.8k $60.5m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 638.6k $60.4m | Added +27.1k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 624.1k $59.0m | Reduced -167.8k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 611.0k $57.8m | Added +21.1k |
| Russell Investments Group, Ltd. 0.11% of their portfolio | 610.7k $57.6m | Added +89.6k |
| Sound Shore Management Inc /CT/ 2.12% of their portfolio | 606.9k $57.4m | Reduced -413.6k |
| CANADA LIFE ASSURANCE Co 0.13% of their portfolio | 594.2k $56.5m | Reduced -135.3k |
| Retirement Systems of Alabama 0.23% of their portfolio | 543.3k $51.4m | Reduced -18.3k |
| Zurich Insurance Group Ltd/FI 0.53% of their portfolio | 538.0k $50.9m | Added +519.2k |
| LORD, ABBETT & CO. LLC 0.09% of their portfolio | 538.0k $50.9m | New |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 525.6k $49.7m | Added +182.2k |
| Swedbank AB 0.08% of their portfolio | 499.7k $47.3m | Reduced -37.3k |
| CREDIT SUISSE AG/ 0.05% of their portfolio | 499.2k $47.2m | Reduced -149.6k |
| SEI INVESTMENTS CO 0.08% of their portfolio | 491.1k $46.4m | Added +51.7k |
| National Pension Service 0.07% of their portfolio | 490.3k $46.1m | Reduced -19.7k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 481.1k $45.5m | Added +325.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.09% of their portfolio | 478.2k $45.2m | Reduced -431.8k |
| UBS Group AG 0.02% of their portfolio | 463.9k $43.9m | Reduced -44.7k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 463.2k $43.8m | Reduced -172.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 456.3k $43.1m | Reduced -850.2k |
| Holocene Advisors, LP 0.19% of their portfolio | 453.2k $42.9m | New |
| PANAGORA ASSET MANAGEMENT INC 0.24% of their portfolio | 439.1k $41.5m | Added +86.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.06% of their portfolio | 435.7k $41.2m | Added +141.1k |
| LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio | 424.0k $40.1m | Added +52.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 423.0k $40.0m | Reduced -16.9k |
| INTECH INVESTMENT MANAGEMENT LLC 0.40% of their portfolio | 413.1k $39.1m | Added +191.5k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 388.7k $36.8m | Reduced -22.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.11% of their portfolio | 385.1k $36.4m | Added +53.9k |
| SECTOR GAMMA AS 8.14% of their portfolio | 384.6k $36.4m | Added +7.9k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 367.3k $34.7m | Reduced -18.8k |
| NOMURA ASSET MANAGEMENT CO LTD 0.16% of their portfolio | 363.6k $34.4m | Added +54.8k |
| Skandinaviska Enskilda Banken AB (publ) 0.22% of their portfolio | 360.9k $34.1m | Added +177.8k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.53% of their portfolio | 355.2k $33.6m | Reduced -148.3k |
| Krensavage Asset Management, LLC 10.60% of their portfolio | 353.7k $33.5m | Added +436 |
| CITIGROUP INC 0.04% of their portfolio | 342.7k $32.4m | Added +10.1k |
| AXA S.A. 0.10% of their portfolio | 321.9k $30.4m | Reduced -143.2k |
| LIBERTY ONE INVESTMENT MANAGEMENT, LLC 3.94% of their portfolio | 321.0k $30.4m | Reduced -6.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 319.4k $30.2m | Reduced -2.6k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.53% of their portfolio | 311.1k $29.4m | Reduced -7.2k |
| STOREBRAND ASSET MANAGEMENT AS 0.13% of their portfolio | 309.3k $29.2m | Added +42.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 306.8k $29.0m | Added +5.9k |
| MACKENZIE FINANCIAL CORP 0.04% of their portfolio | 301.0k $28.5m | Added +63.1k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 301.0k $380.9k | Added +57.4k |
| APG Asset Management N.V. 0.05% of their portfolio | 299.5k $26.0m | Added +65.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.06% of their portfolio | 298.2k $28.2m | Reduced -16.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 298.1k $28.2m | Reduced -286.9k |
| Janney Montgomery Scott LLC 0.10% of their portfolio | 290.4k $27.5m | Reduced -11.0k |
| Bridgewater Associates, LP 0.17% of their portfolio | 290.0k $27.4m | Added +81.0k |