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 ($216.8m this quarter). Holder counts are more reliable. Shares outstanding: 232.6m as of 2026-07-31, 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 ≈ $237.64. Options: 30 managers hold calls ($521.7m notional), 25 hold puts ($489.1m).
Trends to Q2 2026
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 |
| Q3 2024 | 1,020 |
| Q4 2024 | 1,100 |
| Q1 2025 | 1,152 |
| Q2 2025 | 1,255 |
| Q3 2025 | 1,224 |
| Q4 2025 | 1,409 |
| Q1 2026 | 1,435 |
| Q2 2026 | 1,495 |
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 | 417 | 504 |
| Q4 2024 | 485 | 462 |
| Q1 2025 | 543 | 492 |
| Q2 2025 | 605 | 519 |
| Q3 2025 | 550 | 579 |
| Q4 2025 | 658 | 554 |
| Q1 2026 | 698 | 616 |
| Q2 2026 | 681 | 656 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $391.5m | $348.8m | 0.89 |
| Q4 2025 | $379.2m | $351.1m | 0.93 |
| Q1 2026 | $400.9m | $316.3m | 0.79 |
| Q2 2026 | $521.7m | $489.1m | 0.94 |
Biggest buyers
| WELLINGTON MANAGEMENT GROUP LLP | Added | +10.6m |
| Invesco Ltd. | Added | +1.2m |
| NORDEA INVESTMENT MANAGEMENT AB | Added | +634.4k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +599.3k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +590.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +518.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +373.4k |
| JANE STREET GROUP, LLC | Added | +372.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Added | +355.7k |
| JPMORGAN CHASE & CO | Added | +352.1k |
Biggest sellers
| FMR LLC | Reduced | -2.2m |
| CITADEL ADVISORS LLC | Reduced | -2.1m |
| BlackRock, Inc. | Reduced | -2.0m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -1.1m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -939.1k |
| Qube Research & Technologies Ltd | Reduced | -903.8k |
| SG Americas Securities, LLC | Reduced | -660.1k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -438.5k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -424.9k |
| Point72 Asset Management, L.P. | Sold out | -420.4k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $169.7m714.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $102.0m429.3k shares |
| Delta Accumulation, LLC | Reduced | $50.1m210.9k shares |
| CITADEL ADVISORS LLC | Reduced | $40.0m168.5k shares |
| IMC-Chicago, LLC | Reduced | $38.2m161.0k shares |
| Point72 Asset Management, L.P. | Reduced | $21.1m88.9k shares |
| GOLDMAN SACHS GROUP INC | New | $18.5m78.0k shares |
| Squarepoint Ops LLC | Added | $15.0m63.1k shares |
| GROUP ONE TRADING LLC | Added | $12.1m50.9k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $7.5m31.5k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $225.6m949.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $85.2m358.8k shares |
| Delta Accumulation, LLC | Reduced | $81.9m344.7k shares |
| CITADEL ADVISORS LLC | Reduced | $36.6m154.1k shares |
| GROUP ONE TRADING LLC | Added | $14.0m58.8k shares |
| IMC-Chicago, LLC | Reduced | $13.5m57.0k shares |
| Squarepoint Ops LLC | Reduced | $5.3m22.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $4.4m18.4k shares |
| UBS Group AG | Unchanged | $3.9m16.3k shares |
| Verition Fund Management LLC | Unchanged | $3.8m15.8k 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 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 | $432.9k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 8 | $50.9m | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 3 | $2.1m | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 7 | $59.6m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-19 | Hollar Jason M. Chief Executive Officer | Sold | $10.5m44.5k shares |
| 2026-08-19 | Scherer Mary C. Chief Accounting Officer | Sold | $546.5k2.3k shares |
| 2026-08-18 | Hollar Jason M. Chief Executive Officer | Sold | $18.9m80.0k shares |
| 2026-08-18 | Alt Aaron E Chief Financial Officer | Sold | $9.9m42.0k shares |
| 2026-08-18 | Mason Stephen M CEO, GMPD Segment | Sold | $8.3m35.0k shares |
| 2026-08-18 | Mayer Jessica L Chief Legal/Compliance Officer | Sold | $7.0m29.4k shares |
| 2026-08-18 | Greene Michelle D. Chief Information Officer | Sold | $2.7m11.7k shares |
| 2026-08-18 | WEITZMAN DEBORAH CEO, PSS Segment | Sold | $1.7m7.4k 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 |
|---|---|---|
| BlackRock, Inc. 0.09% of their portfolio | 26.5m $6.3bn | Reduced -2.0m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 15.3m $3.6bn | Added +3.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.61% of their portfolio | 14.9m $3.5bn | Added +10.6m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.15% of their portfolio | 13.7m $3.3bn | Reduced -14.4k |
| STATE STREET CORP 0.08% of their portfolio | 12.0m $2.8bn | Reduced -107.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 6.5m $1.5bn | Reduced -107.7k |
| Invesco Ltd. 0.09% of their portfolio | 4.7m $1.1bn | Added +1.2m |
| MORGAN STANLEY 0.06% of their portfolio | 4.6m $1.1bn | Reduced -329.0k |
| WCM INVESTMENT MANAGEMENT, LLC 1.76% of their portfolio | 4.1m $971.4m | Added +105.8k |
| NORGES BANK 0.09% of their portfolio | 3.7m $885.2m | Not comparable |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 2.9m $689.1m | Added +18.8k |
| NORTHERN TRUST CORP 0.08% of their portfolio | 2.9m $681.5m | Added +74.6k |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 2.7m $630.4m | Added +352.1k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 2.4m $566.6m | Added +13.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 2.2m $533.3m | Added +373.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.10% of their portfolio | 2.2m $528.5m | Reduced -97.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.26% of their portfolio | 2.1m $499.6m | Added +599.3k |
| FMR LLC 0.02% of their portfolio | 2.1m $490.9m | Reduced -2.2m |
| VICTORY CAPITAL MANAGEMENT INC 0.26% of their portfolio | 2.0m $469.8m | Added +590.7k |
| Legal & General Group Plc 0.09% of their portfolio | 1.8m $438.9m | Reduced -192.5k |
| AQR CAPITAL MANAGEMENT LLC 0.14% of their portfolio | 1.7m $411.6m | Added +143.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 1.6m $369.2m | Reduced -7.1k |
| VANGUARD FIDUCIARY TRUST CO 0.07% of their portfolio | 1.3m $315.7m | Reduced -12.6k |
| AMERIPRISE FINANCIAL INC 0.06% of their portfolio | 1.3m $311.4m | Reduced -228.9k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 1.3m $308.6m | Reduced -60.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.25% of their portfolio | 1.3m $308.7m | Added +634.4k |
| Pacer Advisors, Inc. 0.76% of their portfolio | 1.2m $291.0m | Reduced -340.0k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 1.2m $281.6m | Added +9.2k |
| Robeco Institutional Asset Management B.V. 0.32% of their portfolio | 1.1m $258.9m | Added +78.6k |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 1.0m $238.9m | Reduced -19.4k |
| BESSEMER GROUP INC 0.33% of their portfolio | 997.1k $236.9m | Added +247.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 970.4k $230.5m | Reduced -8.5k |
| Man Group plc 0.41% of their portfolio | 934.6k $222.0m | Reduced -1.2k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 924.9k $219.7m | Added +202.2k |
| UBS Group AG 0.03% of their portfolio | 921.0k $218.8m | Added +81.4k |
| Amundi 0.05% of their portfolio | 891.6k $211.8m | Reduced -23.5k |
| Nuveen, LLC 0.05% of their portfolio | 891.3k $211.7m | Reduced -5.1k |
| Jupiter Topco LLC 0.09% of their portfolio | 883.3k $209.8m | First filing |
| RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio | 857.9k $203.8m | Added +149.7k |
| ProShare Advisors LLC 0.29% of their portfolio | 830.1k $197.2m | Reduced -6.3k |
| KBC Group NV 0.42% of their portfolio | 813.8k $193.3m | Reduced -51.1k |
| ACADIAN ASSET MANAGEMENT LLC 0.22% of their portfolio | 797.3k $189.4m | Reduced -939.1k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 780.9k $185.5m | Reduced -171.8k |
| BARCLAYS PLC 0.06% of their portfolio | 746.5k $177.3m | Reduced -247.4k |
| FEDERATED HERMES, INC. 0.25% of their portfolio | 742.5k $176.4m | Reduced -52.3k |
| SEI INVESTMENTS CO 0.15% of their portfolio | 730.0k $173.4m | Reduced -16.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.12% of their portfolio | 693.7k $163.9m | Reduced -23.0k |
| Swedbank AB 0.14% of their portfolio | 672.3k $159.7m | Added +256.7k |
| Swiss National Bank 0.08% of their portfolio | 663.6k $157.6m | Reduced -33.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.08% of their portfolio | 596.6k $141.7m | Added +41.0k |
| 1832 Asset Management L.P. 0.17% of their portfolio | 585.3k $139.0m | Reduced -159.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.14% of their portfolio | 577.8k $137.2m | Added +355.7k |
| DekaBank Deutsche Girozentrale 0.20% of their portfolio | 570.5k $120.1m | Unchanged |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 558.6k $132.7m | Reduced -10.6k |
| D. E. Shaw & Co., Inc. 0.08% of their portfolio | 550.3k $130.7m | Added +185.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.18% of their portfolio | 550.1k $130.7m | Added +205.3k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 544.7k $129.6m | Added +24.8k |
| CIBC Bancorp USA Inc. 0.16% of their portfolio | 535.7k $127.2m | Reduced -349.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 518.1k $123.1m | New |
| Vanguard Global Advisers, LLC 0.06% of their portfolio | 514.1k $122.1m | Reduced -9.4k |
| LPL Financial LLC 0.03% of their portfolio | 507.5k $120.6m | Added +11.4k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 499.4k $118.6m | Added +191 |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 492.1k $116.9m | Reduced -101.3k |
| SG Americas Securities, LLC 0.07% of their portfolio | 487.3k $115.8m | Reduced -660.1k |
| FRED ALGER MANAGEMENT, LLC 0.38% of their portfolio | 481.1k $114.3m | Reduced -41.4k |
| National Pension Service 0.07% of their portfolio | 477.5k $113.4m | Added +17.5k |
| Russell Investments Group, Ltd. 0.10% of their portfolio | 470.7k $111.8m | Reduced -115.0k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.07% of their portfolio | 461.1k $109.5m | Added +43.3k |
| LAZARD ASSET MANAGEMENT LLC 0.16% of their portfolio | 448.4k $106.5m | Added +30.8k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.15% of their portfolio | 439.8k $104.5m | Added +261.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.44% of their portfolio | 438.1k $104.1m | Reduced -127.0k |
| California Public Employees Retirement System 0.06% of their portfolio | 436.0k $103.6m | Reduced -227.9k |
| CITIGROUP INC 0.05% of their portfolio | 434.2k $103.1m | Added +93.8k |
| NATIXIS ADVISORS, LLC 0.11% of their portfolio | 402.4k $95.6m | Reduced -90.5k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.14% of their portfolio | 400.1k $95.0m | Reduced -20.4k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.62% of their portfolio | 397.9k $94.5m | Reduced -13.1k |
| JANE STREET GROUP, LLC 0.06% of their portfolio | 390.5k $92.8m | Added +372.1k |
| ING GROEP NV 0.44% of their portfolio | 382.2k $90.8m | Reduced -29.6k |
| Retirement Systems of Alabama 0.27% of their portfolio | 376.6k $89.5m | Reduced -770 |
| Allianz Asset Management GmbH 0.08% of their portfolio | 374.2k $79.2m | Reduced -287 |
| BANK OF NOVA SCOTIA 0.13% of their portfolio | 374.1k $88.9m | Reduced -12.3k |
| Artemis Investment Management LLP 0.78% of their portfolio | 369.4k $87.7m | Reduced -12.9k |
| HRT FINANCIAL LP 0.20% of their portfolio | 361.1k $85.8m | Added +128.3k |
| TD Asset Management Inc 0.07% of their portfolio | 359.5k $85.4m | Added +58.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 358.6k $85.2m | Reduced -12.1k |
| STOREBRAND ASSET MANAGEMENT AS 0.20% of their portfolio | 338.9k $80.5m | Added +6.1k |
| Ensign Peak Advisors, Inc 0.13% of their portfolio | 329.7k $78.3m | Added +84.4k |
| Integral Health Asset Management, LLC 2.92% of their portfolio | 300.0k $71.3m | Added +30.0k |
| Focus Partners Wealth 0.07% of their portfolio | 292.8k $69.6m | Reduced -41.0k |
| ZACKS INVESTMENT MANAGEMENT 0.49% of their portfolio | 292.7k $69.5m | Added +4.8k |
| PRUDENTIAL FINANCIAL INC 0.08% of their portfolio | 291.4k $69.2m | Reduced -394.0k |
| NATIONAL BANK OF CANADA /FI/ 0.06% of their portfolio | 282.5k $67.1m | Reduced -122.7k |
| NOMURA ASSET MANAGEMENT CO LTD 0.14% of their portfolio | 281.8k $66.9m | Added +7.9k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 266.3k $63.3m | Added +74.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 266.1k $63.2m | Reduced -25.7k |
| Caisse de depot et placement du Quebec 0.09% of their portfolio | 265.5k $63.1m | Added +63.4k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 265.0k $56.0m | Reduced -10.3k |
| BRANDES INVESTMENT PARTNERS, LP 0.43% of their portfolio | 259.8k $61.7m | Added +1.9k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 254.7k $60.5m | Reduced -424.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 253.9k $60.3m | Added +90.1k |