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 ($193.7m this quarter). Holder counts are more reliable. Shares outstanding: 243.8m as of 2024-07-31, 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 ≈ $98.19. Options: 29 managers hold calls ($239.3m notional), 27 hold puts ($115.3m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 851 |
| Q4 2022 | 932 |
| Q1 2023 | 910 |
| Q2 2023 | 953 |
| Q3 2023 | 953 |
| Q4 2023 | 1,041 |
| Q1 2024 | 1,059 |
| Q2 2024 | 1,013 |
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 |
| Q3 2023 | 396 | 457 |
| Q4 2023 | 442 | 481 |
| Q1 2024 | 478 | 485 |
| Q2 2024 | 438 | 517 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $270.4m | $185.6m | 0.69 |
| Q4 2023 | $299.7m | $283.2m | 0.94 |
| Q1 2024 | $300.5m | $164.8m | 0.55 |
| Q2 2024 | $239.3m | $115.3m | 0.48 |
Biggest buyers
| BlackRock Inc. | Added | +3.5m |
| JPMORGAN CHASE & CO | Added | +1.4m |
| Point72 Asset Management, L.P. | New | +919.8k |
| BANK OF AMERICA CORP /DE/ | Added | +879.0k |
| AXA S.A. | Added | +615.3k |
| CITADEL ADVISORS LLC | Added | +540.3k |
| KBC Group NV | Added | +492.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +391.7k |
| Qube Research & Technologies Ltd | Added | +386.7k |
| Pacer Advisors, Inc. | Added | +370.2k |
Biggest sellers
| MORGAN STANLEY | Reduced | -8.3m |
| Nuveen Asset Management, LLC | Reduced | -1.4m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -1.1m |
| PRUDENTIAL FINANCIAL INC | Reduced | -903.2k |
| FMR LLC | Reduced | -783.2k |
| Caisse de depot et placement du Quebec | Reduced | -725.4k |
| Zurich Insurance Group Ltd/FI | Reduced | -679.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -610.5k |
| STATE STREET CORP | Reduced | -562.0k |
| NISSAY ASSET MANAGEMENT CORP /JAPAN | Reduced | -503.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $47.8m485.9k shares |
| CITADEL ADVISORS LLC | Added | $38.4m390.4k shares |
| JANE STREET GROUP, LLC | Added | $30.1m306.4k shares |
| LMR Partners LLP | New | $19.7m200.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $13.5m136.9k shares |
| IMC-Chicago, LLC | Added | $11.8m119.7k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $11.5m116.7k shares |
| GROUP ONE TRADING LLC | Added | $10.4m105.3k shares |
| Delta Accumulation, LLC | Reduced | $9.2m93.1k shares |
| WOLVERINE TRADING, LLC | Added | $6.9m69.9k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $29.2m297.0k shares |
| SIMPLEX TRADING, LLC | Added | $15.3m155.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $11.3m114.7k shares |
| Delta Accumulation, LLC | Reduced | $9.2m93.1k shares |
| Portman Square Capital LLP | Unchanged | $7.8m79.8k shares |
| IMC-Chicago, LLC | Added | $6.6m67.4k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $6.3m642 shares |
| WOLVERINE TRADING, LLC | Added | $4.4m45.2k shares |
| Walleye Capital LLC | Reduced | $3.5m36.0k shares |
| UBS Group AG | Added | $3.1m32.0k 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 2024
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 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 1 | $42.2k | 2 | $6.5m | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 6 | $11.8m | — |
| Q4 2023 | 0 | — | 1 | $3.9m | $3.9m |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.07% of their portfolio | 30.8m $3.0bn | Added +3.5m |
| VANGUARD GROUP INC 0.06% of their portfolio | 30.6m $3.0bn | Reduced -2.4k |
| STATE STREET CORP 0.06% of their portfolio | 13.6m $1.3bn | Reduced -562.0k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 6.1m $600.3m | Added +1.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 5.7m $559.7m | Added +133.6k |
| FMR LLC 0.03% of their portfolio | 5.0m $492.9m | Reduced -783.2k |
| MORGAN STANLEY 0.04% of their portfolio | 4.8m $467.4m | Reduced -8.3m |
| Pacer Advisors, Inc. 0.92% of their portfolio | 4.1m $403.0m | Added +370.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.32% of their portfolio | 3.7m $365.9m | Reduced -418.9k |
| Invesco Ltd. 0.07% of their portfolio | 3.5m $341.4m | Added +215.0k |
| AQR CAPITAL MANAGEMENT LLC 0.52% of their portfolio | 3.5m $340.5m | Reduced -123.8k |
| AMERIPRISE FINANCIAL INC 0.08% of their portfolio | 3.1m $309.5m | Reduced -475.6k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 3.0m $293.8m | Added +879.0k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 2.7m $270.2m | Reduced -244.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.79% of their portfolio | 2.6m $255.1m | Reduced -1.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 2.5m $242.9m | Added +391.7k |
| LSV ASSET MANAGEMENT 0.50% of their portfolio | 2.3m $227.0m | Reduced -102.9k |
| Legal & General Group Plc 0.06% of their portfolio | 2.2m $218.8m | Added +16.5k |
| Amundi 0.08% of their portfolio | 2.1m $205.7m | Added +152.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 2.1m $208.5m | Reduced -610.5k |
| NORGES BANK 0.03% of their portfolio | 2.1m $206.8m | Reduced -371.7k |
| Elliott Investment Management L.P. 1.89% of their portfolio | 2.0m $196.6m | Unchanged |
| ProShare Advisors LLC 0.46% of their portfolio | 1.8m $173.0m | Added +85.2k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.7m $168.2m | Reduced -71.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.28% of their portfolio | 1.7m $165.5m | Added +111.1k |
| Qube Research & Technologies Ltd 0.30% of their portfolio | 1.7m $162.5m | Added +386.7k |
| AMERICAN CENTURY COMPANIES INC 0.10% of their portfolio | 1.6m $158.4m | Added +242.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.4m $141.7m | Reduced -2.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.51% of their portfolio | 1.4m $138.2m | Added +366.5k |
| BRANDES INVESTMENT PARTNERS, LP 1.59% of their portfolio | 1.3m $129.4m | Added +121.1k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.2m $121.7m | Added +69.9k |
| California Public Employees Retirement System 0.09% of their portfolio | 1.2m $119.1m | Reduced -282.4k |
| Allianz Asset Management GmbH 0.19% of their portfolio | 1.2m $118.6m | Reduced -277.9k |
| KBC Group NV 0.33% of their portfolio | 1.1m $108.3m | Added +492.0k |
| AXA S.A. 0.16% of their portfolio | 1.1m $104.6m | Added +615.3k |
| Man Group plc 0.26% of their portfolio | 994.5k $97.8m | Reduced -393.8k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 974.0k $95.8m | Reduced -149.3k |
| Robeco Institutional Asset Management B.V. 0.20% of their portfolio | 947.2k $93.1m | Reduced -151.5k |
| Point72 Asset Management, L.P. 0.29% of their portfolio | 919.8k $90.4m | New |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 912.4k $89.7m | Added +26.1k |
| Nuveen Asset Management, LLC 0.03% of their portfolio | 881.6k $86.7m | Reduced -1.4m |
| VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio | 869.5k $85.5m | Added +181.6k |
| UBS Group AG 0.03% of their portfolio | 838.4k $82.4m | Added +33.4k |
| Skandinaviska Enskilda Banken AB (publ) 0.39% of their portfolio | 831.6k $81.8m | Reduced -166.3k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 818.7k $80.5m | Added +21.4k |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 807.5k $79.4m | Added +540.3k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 799.1k $78.6m | Added +238.8k |
| TWO SIGMA INVESTMENTS, LP 0.17% of their portfolio | 733.5k $72.1m | Added +347.2k |
| TWO SIGMA ADVISERS, LP 0.16% of their portfolio | 723.1k $71.1m | Added +276.9k |
| Swiss National Bank 0.05% of their portfolio | 720.1k $70.8m | Reduced -18.1k |
| Aberdeen Group plc 0.13% of their portfolio | 708.4k $69.6m | Added +33.2k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 697.5k $68.6m | Added +52.7k |
| Sound Shore Management Inc /CT/ 2.20% of their portfolio | 669.8k $65.9m | Added +133.2k |
| PZENA INVESTMENT MANAGEMENT LLC 0.23% of their portfolio | 664.7k $65.3m | Added +3.6k |
| BARCLAYS PLC 0.03% of their portfolio | 653.6k $64.3m | Reduced -7.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 622.0k $61.2m | Reduced -9.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 615.9k $60.6m | Reduced -27.0k |
| Holocene Advisors, LP 0.25% of their portfolio | 600.6k $59.1m | Reduced -402.8k |
| DekaBank Deutsche Girozentrale 0.10% of their portfolio | 580.4k $57.7m | Reduced -35.8k |
| Russell Investments Group, Ltd. 0.09% of their portfolio | 573.0k $56.5m | Reduced -241.9k |
| JUPITER ASSET MANAGEMENT LTD 0.53% of their portfolio | 571.8k $56.2m | Added +67.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.15% of their portfolio | 566.6k $56.4m | Added +173.3k |
| APG Asset Management N.V. 0.09% of their portfolio | 558.9k $51.3m | Added +86.4k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 547.8k $53.9m | Added +36.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 531.6k $52.3m | Added +224.3k |
| LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio | 517.3k $50.9m | Reduced -20.8k |
| Retirement Systems of Alabama 0.19% of their portfolio | 511.7k $50.3m | Reduced -27.3k |
| SEI INVESTMENTS CO 0.07% of their portfolio | 511.5k $50.3m | Reduced -35.5k |
| Squarepoint Ops LLC 0.18% of their portfolio | 485.2k $47.7m | Added +186.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio | 484.3k $47.6m | Reduced -1.9k |
| National Pension Service 0.05% of their portfolio | 476.8k $46.9m | Added +6.8k |
| CANADA LIFE ASSURANCE Co 0.09% of their portfolio | 476.6k $46.9m | Added +12.6k |
| CRAWFORD INVESTMENT COUNSEL INC 0.89% of their portfolio | 475.0k $46.7m | Reduced -19.3k |
| OLD REPUBLIC INTERNATIONAL CORP 1.89% of their portfolio | 471.0k $46.3m | Unchanged |
| Bridgewater Associates, LP 0.24% of their portfolio | 470.8k $46.3m | Reduced -80.6k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 455.8k $45.0m | Reduced -12.7k |
| NOMURA ASSET MANAGEMENT CO LTD 0.15% of their portfolio | 454.5k $44.7m | Added +43.4k |
| CIBC Private Wealth Group LLC 0.08% of their portfolio | 450.3k $43.6m | Reduced -872 |
| Swedbank AB 0.06% of their portfolio | 434.3k $42.7m | Reduced -707 |
| Vest Financial, LLC 1.01% of their portfolio | 428.4k $42.1m | Added +69.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 417.7k $41.1m | Added +15.0k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 399.0k $42.0m | Added +109.7k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.40% of their portfolio | 396.4k $39.0m | Reduced -90.3k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 391.4k $38.5m | Reduced -159.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 382.5k $37.6m | Added +37.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.15% of their portfolio | 377.4k $37.1m | Reduced -280.1k |
| NATIXIS ADVISORS, LLC 0.08% of their portfolio | 376.4k $37.0m | Added +21.0k |
| TD Asset Management Inc 0.03% of their portfolio | 371.1k $36.5m | Reduced -82.6k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 350.0k $34.4m | Added +8.1k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 344.6k $33.9m | Reduced -49.9k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.30% of their portfolio | 334.5k $32.9m | Added +247.6k |
| CITIGROUP INC 0.03% of their portfolio | 333.5k $32.8m | Reduced -63.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 329.2k $32.4m | Reduced -179.5k |
| AVIVA PLC 0.09% of their portfolio | 326.3k $32.1m | Added +32.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.08% of their portfolio | 324.7k $31.9m | Added +3.1k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 313.9k $30.9m | Added +102.2k |
| TUDOR INVESTMENT CORP ET AL 0.34% of their portfolio | 304.0k $29.9m | Reduced -227.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 300.6k $29.6m | Reduced -1.8k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 293.3k $28.8m | Added +214.2k |
| RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio | 288.5k $28.4m | Reduced -54.9k |