CISCO SYS INC CSCO
COM · Common Stock · CUSIP 17275R102 · ISIN US17275R1023
American multinational technology company
* 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 ($1.2bn this quarter). Holder counts are more reliable. Shares outstanding: 4.0bn as of 2025-05-15, 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 ≈ $69.34. Options: 81 managers hold calls ($4.8bn notional), 67 hold puts ($3.4bn).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,800 |
| Q4 2022 | 2,983 |
| Q1 2023 | 3,020 |
| Q2 2023 | 3,023 |
| Q3 2023 | 3,079 |
| Q4 2023 | 3,188 |
| Q1 2024 | 3,119 |
| Q2 2024 | 3,062 |
| Q3 2024 | 3,075 |
| Q4 2024 | 3,365 |
| Q1 2025 | 3,381 |
| Q2 2025 | 3,439 |
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 2023 | 1,399 | 1,436 |
| Q4 2023 | 1,274 | 1,580 |
| Q1 2024 | 1,338 | 1,645 |
| Q2 2024 | 1,240 | 1,668 |
| Q3 2024 | 1,255 | 1,627 |
| Q4 2024 | 1,364 | 1,536 |
| Q1 2025 | 1,464 | 1,650 |
| Q2 2025 | 1,587 | 1,567 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $3.0bn | $2.5bn | 0.84 |
| Q4 2024 | $3.3bn | $2.9bn | 0.89 |
| Q1 2025 | $3.8bn | $2.9bn | 0.77 |
| Q2 2025 | $4.8bn | $3.4bn | 0.70 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +24.0m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +18.0m |
| FRANKLIN RESOURCES INC | Added | +12.9m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +11.2m |
| Nuveen, LLC | Added | +8.3m |
| VANGUARD GROUP INC | Added | +5.0m |
| BlackRock, Inc. | Added | +3.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +3.1m |
| BARCLAYS PLC | Added | +2.8m |
| Point72 Asset Management, L.P. | Added | +2.6m |
Biggest sellers
| Dodge & Cox | Reduced | -21.1m |
| Amundi | Reduced | -10.0m |
| TWO SIGMA ADVISERS, LP | Reduced | -5.4m |
| UBS Group AG | Reduced | -5.1m |
| Alyeska Investment Group, L.P. | Reduced | -5.0m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -5.0m |
| D. E. Shaw & Co., Inc. | Reduced | -4.9m |
| Holocene Advisors, LP | Reduced | -4.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -4.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -4.2m |
Biggest calls
| GOLDMAN SACHS GROUP INC | Added | $959.8m13.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $609.9m8.8m shares |
| CITADEL ADVISORS LLC | Reduced | $592.7m8.5m shares |
| PEAK6 LLC | Added | $371.3m5.4m shares |
| JPMORGAN CHASE & CO | Added | $258.9m3.7m shares |
| ROYAL BANK OF CANADA | Added | $257.5m3.7m shares |
| JANE STREET GROUP, LLC | Added | $230.0m3.3m shares |
| SIMPLEX TRADING, LLC | Added | $169.2m2.4m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $167.0m2.4m shares |
| UBS Group AG | Reduced | $140.0m2.0m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $723.2m10.4m shares |
| CITADEL ADVISORS LLC | Reduced | $409.3m5.9m shares |
| SIMPLEX TRADING, LLC | New | $215.9m3.1m shares |
| GOLDMAN SACHS GROUP INC | Added | $215.6m3.1m shares |
| JANE STREET GROUP, LLC | Added | $178.3m2.6m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $173.8m2.5m shares |
| UBS Group AG | Reduced | $166.1m2.4m shares |
| CITIGROUP INC | Added | $124.1m1.8m shares |
| Qube Research & Technologies Ltd | Added | $105.4m1.5m shares |
| Squarepoint Ops LLC | Reduced | $83.9m1.2m 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 |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.2% |
| STATE STREET CORP 13G · institution new · filed 2026-08-07 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 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.
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 2023 | 0 | — | 6 | $2.8m | $2.5m |
| Q4 2023 | 0 | — | 7 | $21.6m | $20.2m |
| Q1 2024 | 0 | — | 6 | $4.3m | $4.3m |
| Q2 2024 | 0 | — | 4 | $2.5m | $2.5m |
| Q3 2024 | 0 | — | 5 | $3.6m | $3.6m |
| Q4 2024 | 0 | — | 6 | $20.5m | $20.1m |
| Q1 2025 | 0 | — | 5 | $5.3m | $5.3m |
| Q2 2025 | 0 | — | 7 | $6.3m | $5.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-17 | Herren Richard Scott EVP and CFO | Sold plan | $1.0m15.7k shares |
| 2025-06-17 | Subaiya Thimaya K. EVP, Operations | Sold plan | $571.8k8.7k shares |
| 2025-06-12 | Patel Jeetendra I President and CPO | Sold plan | $57.8k899 shares |
| 2025-06-12 | Stahlkopf Deborah L EVP and Chief Legal Officer | Sold plan | $18.6k290 shares |
| 2025-06-11 | Stahlkopf Deborah L EVP and Chief Legal Officer | Sold plan | $154.1k2.4k shares |
| 2025-06-11 | Wong Maria Victoria SVP & Chief Acctg Officer | Sold plan | $48.8k762 shares |
| 2025-06-05 | Robbins Charles Chair and CEO, director | Sold plan | $1.9m29.8k shares |
| 2025-05-28 | Tuszik Oliver EVP, Global Sales | Sold | $953.0k15.0k shares |
| 2025-05-28 | Wong Maria Victoria SVP & Chief Acctg Officer | Sold plan | $265.8k4.2k shares |
| 2025-05-16 | Patel Jeetendra I President and CPO | Sold plan | $637.2k10.0k shares |
| 2025-05-16 | Stahlkopf Deborah L EVP and Chief Legal Officer | Sold plan | $612.3k9.6k 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.44% of their portfolio | 394.0m $27.3bn | Added +5.0m |
| BlackRock, Inc. 0.49% of their portfolio | 369.7m $25.7bn | Added +3.3m |
| STATE STREET CORP 0.51% of their portfolio | 194.7m $13.5bn | Added +1.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.48% of their portfolio | 99.3m $6.9bn | Added +1.2m |
| FMR LLC 0.36% of their portfolio | 93.1m $6.5bn | Reduced -356.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.92% of their portfolio | 76.6m $5.3bn | Reduced -1.5m |
| MORGAN STANLEY 0.32% of their portfolio | 70.3m $4.9bn | Reduced -1.8m |
| NORGES BANK 0.48% of their portfolio | 55.0m $3.8bn | Added +1.9m |
| ROYAL BANK OF CANADA 0.34% of their portfolio | 50.1m $3.5bn | Added +24.0m |
| BANK OF AMERICA CORP /DE/ 0.28% of their portfolio | 49.8m $3.5bn | Added +2.3m |
| Invesco Ltd. 0.57% of their portfolio | 48.5m $3.4bn | Added +1.4m |
| NORTHERN TRUST CORP 0.45% of their portfolio | 46.9m $3.3bn | Reduced -188.6k |
| Bank of New York Mellon Corp 0.58% of their portfolio | 44.4m $3.1bn | Reduced -1.0m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.57% of their portfolio | 40.9m $2.8bn | Added +3.1m |
| FRANKLIN RESOURCES INC 0.75% of their portfolio | 40.8m $2.8bn | Added +12.9m |
| WELLS FARGO & COMPANY/MN 0.59% of their portfolio | 38.5m $2.7bn | Reduced -778.5k |
| Legal & General Group Plc 0.61% of their portfolio | 35.1m $2.4bn | Reduced -433.6k |
| AMERIPRISE FINANCIAL INC 0.58% of their portfolio | 33.8m $2.3bn | Reduced -810.4k |
| GOLDMAN SACHS GROUP INC 0.37% of their portfolio | 33.2m $2.3bn | Added +620.2k |
| JPMORGAN CHASE & CO 0.15% of their portfolio | 32.0m $2.2bn | Reduced -4.1m |
| FIRST TRUST ADVISORS LP 1.69% of their portfolio | 30.4m $2.1bn | Added +1.8m |
| DIMENSIONAL FUND ADVISORS LP 0.46% of their portfolio | 28.6m $2.0bn | Reduced -755.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.36% of their portfolio | 28.3m $2.0bn | Reduced -5.0m |
| UBS Group AG 0.38% of their portfolio | 25.9m $1.8bn | Reduced -5.1m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 1.61% of their portfolio | 22.4m $1.6bn | Added +18.0m |
| NORDEA INVESTMENT MANAGEMENT AB 1.37% of their portfolio | 21.3m $1.5bn | Added +378.5k |
| BARCLAYS PLC 0.57% of their portfolio | 20.8m $1.4bn | Added +2.8m |
| Nuveen, LLC 0.39% of their portfolio | 20.4m $1.4bn | Added +8.3m |
| Amundi 0.45% of their portfolio | 19.1m $1.3bn | Reduced -10.0m |
| FIL Ltd 1.11% of their portfolio | 18.7m $1.3bn | Added +1.1m |
| HSBC HOLDINGS PLC 0.80% of their portfolio | 18.0m $1.3bn | Reduced -1.3m |
| VICTORY CAPITAL MANAGEMENT INC 0.76% of their portfolio | 17.2m $1.2bn | Added +11.2m |
| DEUTSCHE BANK AG\ 0.40% of their portfolio | 15.7m $1.1bn | Reduced -296.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.95% of their portfolio | 13.7m $950.4m | Reduced -3.1m |
| BNP PARIBAS FINANCIAL MARKETS 0.71% of their portfolio | 13.2m $918.7m | Reduced -3.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.10% of their portfolio | 12.9m $893.4m | Reduced -4.3m |
| California Public Employees Retirement System 0.54% of their portfolio | 12.2m $845.0m | Reduced -1.3m |
| Swiss National Bank 0.50% of their portfolio | 12.0m $835.5m | Added +809.8k |
| Allianz Asset Management GmbH 1.09% of their portfolio | 11.7m $813.7m | Added +350.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.47% of their portfolio | 11.0m $760.1m | Reduced -357.1k |
| RAYMOND JAMES FINANCIAL INC 0.23% of their portfolio | 9.7m $674.5m | Reduced -319.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.19% of their portfolio | 9.4m $655.5m | Added +328.3k |
| ALLIANCEBERNSTEIN L.P. 0.21% of their portfolio | 9.2m $635.2m | Added +1.7m |
| CITADEL ADVISORS LLC 0.55% of their portfolio | 9.1m $632.3m | Added +2.4m |
| National Pension Service 0.54% of their portfolio | 9.0m $627.8m | Reduced -254.8k |
| STIFEL FINANCIAL CORP 0.61% of their portfolio | 9.0m $627.0m | Reduced -160.1k |
| LSV ASSET MANAGEMENT 1.44% of their portfolio | 8.9m $616.1m | Reduced -188.4k |
| Swedbank AB 0.68% of their portfolio | 8.8m $608.0m | First filing |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.43% of their portfolio | 8.8m $607.6m | Reduced -4.2m |
| DekaBank Deutsche Girozentrale 1.05% of their portfolio | 8.6m $591.0m | Added +15.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.45% of their portfolio | 8.1m $562.2m | Added +503.4k |
| Caisse de depot et placement du Quebec 1.13% of their portfolio | 7.6m $528.3m | Added +738.4k |
| RHUMBLINE ADVISERS 0.44% of their portfolio | 7.5m $517.8m | Reduced -139.6k |
| NEUBERGER BERMAN GROUP LLC 0.39% of their portfolio | 7.4m $511.4m | Added +2.1m |
| Pacer Advisors, Inc. 1.27% of their portfolio | 7.3m $503.3m | Reduced -867.3k |
| CITIGROUP INC 0.34% of their portfolio | 7.1m $491.3m | Added +13.9k |
| PNC Financial Services Group, Inc. 0.30% of their portfolio | 6.7m $466.7m | Reduced -119.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.96% of their portfolio | 6.7m $466.6m | Reduced -1.1m |
| CIBC Private Wealth Group LLC 0.83% of their portfolio | 6.7m $465.0m | Reduced -21.8k |
| CANADA LIFE ASSURANCE Co 0.74% of their portfolio | 6.7m $465.0m | Reduced -15.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.41% of their portfolio | 6.7m $462.9m | Reduced -1.5m |
| ProShare Advisors LLC 0.89% of their portfolio | 6.5m $448.3m | Added +275.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.49% of their portfolio | 6.3m $437.8m | Reduced -22.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.37% of their portfolio | 6.2m $429.1m | Added +142.8k |
| AMERICAN CENTURY COMPANIES INC 0.23% of their portfolio | 6.1m $422.0m | Reduced -378.4k |
| BANK OF MONTREAL /CAN/ 0.21% of their portfolio | 6.1m $419.9m | Reduced -802.7k |
| Aberdeen Group plc 0.71% of their portfolio | 6.0m $415.5m | Added +320.3k |
| WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST 4.80% of their portfolio | 6.0m $416.3m | Unchanged |
| PRUDENTIAL FINANCIAL INC 0.54% of their portfolio | 6.0m $415.3m | Added +586.3k |
| NATIONAL BANK OF CANADA /FI/ 0.42% of their portfolio | 5.6m $390.6m | Reduced -495.0k |
| HighTower Advisors, LLC 0.49% of their portfolio | 5.6m $387.8m | Added +153.3k |
| Robeco Institutional Asset Management B.V. 0.62% of their portfolio | 5.6m $385.4m | Added +423.1k |
| PRIMECAP MANAGEMENT CO/CA/ 0.30% of their portfolio | 5.5m $381.5m | Reduced -25.2k |
| LPL Financial LLC 0.12% of their portfolio | 5.4m $372.6m | Added +419.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.48% of their portfolio | 5.2m $361.4m | Reduced -63.0k |
| AQR CAPITAL MANAGEMENT LLC 0.29% of their portfolio | 5.0m $347.3m | Reduced -408.1k |
| MACQUARIE GROUP LTD 0.42% of their portfolio | 5.0m $345.2m | Reduced -1.1m |
| PRINCIPAL FINANCIAL GROUP INC 0.17% of their portfolio | 4.8m $331.0m | Reduced -176.7k |
| Point72 Asset Management, L.P. 0.78% of their portfolio | 4.7m $329.5m | Added +2.6m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.64% of their portfolio | 4.7m $328.8m | Reduced -155.0k |
| SG Americas Securities, LLC 1.38% of their portfolio | 4.5m $314.2m | Added +297.2k |
| Guinness Asset Management LTD 5.45% of their portfolio | 4.4m $304.5m | Added +64.0k |
| 1832 Asset Management L.P. 0.52% of their portfolio | 4.3m $299.5m | Added +1.5m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.50% of their portfolio | 4.3m $298.4m | Reduced -128.3k |
| Capitolis Liquid Global Markets LLC 2.18% of their portfolio | 4.3m $298.1m | Reduced -1.4m |
| MACKENZIE FINANCIAL CORP 0.39% of their portfolio | 4.3m $297.3m | Added +1.7m |
| Rockefeller Capital Management L.P. 0.35% of their portfolio | 4.2m $295.5m | Added +2.3m |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.51% of their portfolio | 4.2m $289.9m | Added +256.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.24% of their portfolio | 4.2m $289.0m | Added +139.4k |
| Cullen Capital Management, LLC 3.19% of their portfolio | 4.0m $280.0m | Reduced -145.2k |
| Russell Investments Group, Ltd. 0.35% of their portfolio | 4.0m $276.9m | Reduced -818.8k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.45% of their portfolio | 4.0m $274.3m | Reduced -84.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.48% of their portfolio | 3.9m $272.4m | Reduced -11.1k |
| US BANCORP \DE\ 0.34% of their portfolio | 3.9m $270.5m | Reduced -48.1k |
| Pictet Asset Management Holding SA 0.27% of their portfolio | 3.9m $267.9m | Added +61.2k |
| Boston Partners 0.30% of their portfolio | 3.8m $266.1m | Added +339.4k |
| DANSKE BANK A/S 0.65% of their portfolio | 3.8m $260.3m | Added +223.0k |
| TRUIST FINANCIAL CORP 0.38% of their portfolio | 3.7m $260.0m | Added +239.9k |
| NATIXIS 1.25% of their portfolio | 3.6m $251.4m | Added +671.9k |
| LONDON CO OF VIRGINIA 1.40% of their portfolio | 3.6m $246.7m | Reduced -100.0k |