CEMEX SAB DE CV CX
SPON ADR NEW · ADR · CUSIP 151290889 · ISIN US1512908898
Mexican multinational company that manufactures and distributes cement, concrete and aggregates
* 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 ($28.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.49. Options: 7 managers hold calls ($109.7m notional), 8 hold puts ($11.8m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 209 |
| Q4 2022 | 214 |
| Q1 2023 | 243 |
| Q2 2023 | 258 |
| Q3 2023 | 278 |
| Q4 2023 | 300 |
| Q1 2024 | 301 |
| Q2 2024 | 289 |
| Q3 2024 | 281 |
| Q4 2024 | 266 |
| Q1 2025 | 262 |
| Q2 2025 | 267 |
| Q3 2025 | 287 |
| Q4 2025 | 322 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 133 | 154 |
| Q2 2024 | 128 | 151 |
| Q3 2024 | 146 | 129 |
| Q4 2024 | 110 | 150 |
| Q1 2025 | 139 | 103 |
| Q2 2025 | 132 | 118 |
| Q3 2025 | 157 | 120 |
| Q4 2025 | 162 | 116 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $4.4m | $7.0m | 1.60 |
| Q2 2025 | $9.5m | $11.1m | 1.18 |
| Q3 2025 | $98.3m | $2.2m | 0.02 |
| Q4 2025 | $109.7m | $11.8m | 0.11 |
Biggest buyers
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +21.1m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +12.9m |
| Itau Unibanco Holding S.A. | Added | +3.8m |
| MILLENNIUM MANAGEMENT LLC | Added | +3.4m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +3.0m |
| Black Creek Investment Management Inc. | Added | +2.5m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +2.2m |
| Walleye Trading LLC | Added | +2.1m |
| Robeco Institutional Asset Management B.V. | Added | +2.0m |
| MORGAN STANLEY | Added | +1.9m |
Biggest sellers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -37.8m |
| FMR LLC | Reduced | -20.1m |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -13.3m |
| BRANDES INVESTMENT PARTNERS, LP | Reduced | -12.1m |
| Dodge & Cox | Reduced | -11.9m |
| MACQUARIE GROUP LTD | Sold out | -6.2m |
| OAKTREE CAPITAL MANAGEMENT LP | Reduced | -4.7m |
| JPMORGAN CHASE & CO | Reduced | -4.7m |
| ROYAL BANK OF CANADA | Reduced | -2.1m |
| Schonfeld Strategic Advisors LLC | Sold out | -1.2m |
Biggest calls
| PointState Capital LP | Unchanged | $103.4m9.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.6m397.1k shares |
| JANE STREET GROUP, LLC | Reduced | $762.9k66.4k shares |
| CITADEL ADVISORS LLC | Reduced | $303.3k26.4k shares |
| Walleye Trading LLC | Reduced | $296.4k25.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $259.7k22.6k shares |
| Raiffeisen Bank International AG | Unchanged | $90.1k10.7k shares |
Biggest puts
| CITIGROUP INC | New | $8.6m750.0k shares |
| Walleye Trading LLC | Added | $1.6m141.1k shares |
| CITADEL ADVISORS LLC | Added | $426.3k37.1k shares |
| Walleye Capital LLC | Added | $344.7k30.0k shares |
| SIMPLEX TRADING, LLC | Added | $276.9k24.1k shares |
| IMC-Chicago, LLC | Reduced | $237.8k20.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $222.9k19.4k shares |
| GROUP ONE TRADING LLC | Reduced | $90.8k7.9k 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 2025-04-23 | 8.5% |
| DODGE & COX 13G · institution -1.3 pts · filed 2026-08-13 | 5.3% |
Insider purchases and sales in Q4 2025
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.
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| Dodge & Cox 0.53% of their portfolio | 84.8m $974.3m | Reduced -11.9m |
| Orbis Allan Gray Ltd 1.74% of their portfolio | 36.1m $415.2m | Added +1.2m |
| FMR LLC 0.02% of their portfolio | 35.3m $405.2m | Reduced -20.1m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.23% of their portfolio | 26.3m $302.7m | Added +21.1m |
| ACADIAN ASSET MANAGEMENT LLC 0.43% of their portfolio | 22.7m $260.7m | Added +12.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 21.2m $243.5m | Added +2.2m |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 18.7m $215.3m | Added +1.8m |
| PointState Capital LP 3.39% of their portfolio | 17.3m $198.6m | Added +552.5k |
| BRANDES INVESTMENT PARTNERS, LP 1.12% of their portfolio | 12.9m $147.7m | Reduced -12.1m |
| Robeco Institutional Asset Management B.V. 0.20% of their portfolio | 12.3m $141.7m | Added +2.0m |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 12.0m $137.8m | Reduced -191.7k |
| Itau Unibanco Holding S.A. 3.07% of their portfolio | 10.9m $125.4m | Added +3.8m |
| Hill City Capital, LP 4.69% of their portfolio | 10.8m $124.1m | Unchanged |
| MORGAN STANLEY 0.01% of their portfolio | 9.6m $110.1m | Added +1.9m |
| Perpetual Ltd 1.47% of their portfolio | 8.9m $101.9m | Reduced -335.1k |
| Corvex Management LP 3.29% of their portfolio | 8.6m $98.8m | Unchanged |
| Blackstone Inc. 0.37% of their portfolio | 7.3m $84.1m | Added +1.5m |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.11% of their portfolio | 6.5m $74.3m | First filing |
| WCM INVESTMENT MANAGEMENT, LLC 0.14% of their portfolio | 6.0m $70.1m | Added +656.7k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 5.8m $66.2m | Added +3.4m |
| OAKTREE CAPITAL MANAGEMENT LP 1.07% of their portfolio | 5.7m $66.1m | Reduced -4.7m |
| Walleye Trading LLC 0.98% of their portfolio | 5.3m $61.1m | Added +2.1m |
| Marathon Asset Management Ltd 2.20% of their portfolio | 5.0m $57.1m | Reduced -270.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 4.9m $56.4m | Added +3.0m |
| Hosking Partners LLP 1.87% of their portfolio | 4.8m $55.1m | Reduced -63.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 4.4m $50.2m | Reduced -4.7m |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 4.1m $47.5m | Added +124.4k |
| VANGUARD GROUP INC 0.00% of their portfolio | 4.0m $46.5m | Added +59.5k |
| STRS OHIO 0.17% of their portfolio | 4.0m $45.4m | Reduced -331.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 3.9m $45.1m | Added +1.3m |
| SEI INVESTMENTS CO 0.04% of their portfolio | 3.9m $44.4m | Added +822.4k |
| LETKO, BROSSEAU & ASSOCIATES INC 0.72% of their portfolio | 3.8m $43.9m | Added +126.0k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 3.8m $43.6m | Added +231.2k |
| BlackRock, Inc. 0.00% of their portfolio | 3.6m $40.9m | Added +1.1m |
| LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio | 3.5m $40.7m | Reduced -13.3m |
| PANAGORA ASSET MANAGEMENT INC 0.13% of their portfolio | 3.2m $36.5m | Added +431.7k |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 1.92% of their portfolio | 3.1m $35.5m | Reduced -105.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.09% of their portfolio | 3.1m $35.1m | Added +1.9m |
| UBS Group AG 0.01% of their portfolio | 2.9m $33.2m | Reduced -931.4k |
| Amundi 0.01% of their portfolio | 2.9m $32.8m | Added +119.6k |
| Black Creek Investment Management Inc. 1.60% of their portfolio | 2.8m $32.2m | Added +2.5m |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 2.7m $31.8m | Added +569.4k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 2.0m $23.4m | Added +1.1m |
| PEAK6 LLC 0.30% of their portfolio | 1.9m $21.9m | Added +676.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.7m $19.6m | Reduced -27.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.5m $16.7m | Reduced -313.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.4m $15.8m | New |
| MMBG INVESTMENT ADVISORS CO. 1.32% of their portfolio | 1.4m $15.6m | Reduced -30.0k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.08% of their portfolio | 1.3m $14.6m | Added +234.8k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 1.2m $14.3m | Added +1.2m |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.04% of their portfolio | 1.2m $14.1m | Added +760.6k |
| Nearwater Capital Markets, Ltd 0.23% of their portfolio | 1.2m $13.7m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 1.1m $12.4m | Reduced -443.7k |
| HighTower Advisors, LLC 0.01% of their portfolio | 1.0m $11.7m | Added +1.4k |
| Ramirez Asset Management, Inc. 1.54% of their portfolio | 1.0m $11.7m | Reduced -2.2k |
| DEPRINCE RACE & ZOLLO INC 0.21% of their portfolio | 943.7k $10.8m | Reduced -2.6k |
| PINNBROOK CAPITAL MANAGEMENT LP 2.76% of their portfolio | 928.5k $10.7m | New |
| Man Group plc 0.02% of their portfolio | 862.9k $9.9m | Added +642.0k |
| Verition Fund Management LLC 0.05% of their portfolio | 858.3k $9.9m | Reduced -701.7k |
| Advisors Asset Management, Inc. 0.16% of their portfolio | 834.4k $9.6m | Reduced -16.0k |
| Legal & General Group Plc 0.00% of their portfolio | 828.5k $9.5m | Added +166.4k |
| CastleKnight Management LP 0.52% of their portfolio | 793.9k $9.1m | Reduced -295.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 783.8k $9.0m | Reduced -421.5k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 749.3k $8.6m | Added +631.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 683.3k $7.9m | Reduced -205.2k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.04% of their portfolio | 652.5k $7.5m | Added +18.0k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 639.6k $7.3m | Added +181.2k |
| BRIDGER MANAGEMENT, LLC 4.58% of their portfolio | 620.0k $7.1m | New |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 595.8k $6.8m | Reduced -8.7k |
| Aquatic Capital Management LLC 0.19% of their portfolio | 586.0k $6.7m | Reduced -256.5k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 583.7k $6.7m | Reduced -470.7k |
| ABS Direct Equity Fund LLC 6.74% of their portfolio | 492.7k $5.7m | New |
| Capital Wealth Planning, LLC 0.04% of their portfolio | 487.7k $5.6m | Added +282.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 485.8k $5.6m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 476.5k $5.5m | Reduced -2.1m |
| Employees Retirement System of Texas 0.04% of their portfolio | 453.1k $5.2m | Added +256.1k |
| GROUP ONE TRADING LLC 0.14% of their portfolio | 406.1k $4.7m | Added +234.8k |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 395.7k $4.6m | Added +145.3k |
| Lesa Sroufe & Co 3.22% of their portfolio | 376.0k $4.3m | Added +1.4k |
| Lighthouse Investment Partners, LLC 0.14% of their portfolio | 365.8k $4.2m | New |
| CITIGROUP INC 0.00% of their portfolio | 361.2k $4.1m | Added +265.5k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 351.7k $4.0m | Added +3.8k |
| Jump Financial, LLC 0.05% of their portfolio | 351.5k $4.0m | New |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 350.8k $4.0m | Reduced -77.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 320.5k $3.7m | Added +657 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 320.2k $3.7m | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 315.8k $3.6m | Added +52.0k |
| IPG Investment Advisors LLC 0.63% of their portfolio | 311.3k $3.6m | Reduced -970.8k |
| JTC Employer Solutions Trustee Ltd 0.24% of their portfolio | 302.0k $3.5m | Unchanged |
| RITHOLTZ WEALTH MANAGEMENT 0.06% of their portfolio | 281.7k $3.2m | Added +28.4k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 264.0k $3.0m | Reduced -878.7k |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 263.4k $3.0m | Added +68.0k |
| LPL Financial LLC 0.00% of their portfolio | 258.3k $3.0m | Reduced -87.5k |
| TT International Asset Management LTD 0.59% of their portfolio | 252.4k $2.8m | New |
| B. Metzler seel. Sohn & Co. AG 0.02% of their portfolio | 248.7k $2.9m | New |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 246.6k $2.8m | Added +80.0k |
| Mercuria Capital Strategies, LLC 1.58% of their portfolio | 228.1k $2.6m | New |
| MIRABELLA FINANCIAL SERVICES LLP 0.25% of their portfolio | 227.8k $2.6m | Added +142.2k |
| NISSAY ASSET MANAGEMENT CORP /JAPAN 0.01% of their portfolio | 226.8k $2.6m | New |
| HANTZ FINANCIAL SERVICES, INC. 0.04% of their portfolio | 223.9k $2.6m | Reduced -63.7k |