COGNEX CORP CGNX
COM · Common Stock · CUSIP 192422103 · ISIN US1924221039
American manufacturer of machine vision systems
- SectorTechnology
- IndustryIndustrial Instruments For Measurement, Display, and Control
- HeadquartersNatick, MA
- Founded1981
- Websitecognex.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 ($28.9m this quarter). Holder counts are more reliable. Shares outstanding: 171.6m as of 2024-01-28, 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 ≈ $41.76. Options: 12 managers hold calls ($18.2m notional), 12 hold puts ($15.0m).
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 474 |
| Q4 2022 | 485 |
| Q1 2023 | 487 |
| Q2 2023 | 487 |
| Q3 2023 | 468 |
| Q4 2023 | 454 |
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 | 209 | 210 |
| Q1 2023 | 211 | 231 |
| Q2 2023 | 201 | 233 |
| Q3 2023 | 185 | 265 |
| Q4 2023 | 204 | 244 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $7.7m | $2.0m | 0.26 |
| Q2 2023 | $31.4m | $5.5m | 0.18 |
| Q3 2023 | $6.5m | $4.4m | 0.68 |
| Q4 2023 | $18.2m | $15.0m | 0.83 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +2.3m |
| MORGAN STANLEY | Added | +1.4m |
| NORDEA INVESTMENT MANAGEMENT AB | Added | +1.3m |
| Swedbank AB | Added | +988.9k |
| Ensign Peak Advisors, Inc | Added | +973.9k |
| AXA S.A. | Added | +817.5k |
| CITADEL ADVISORS LLC | Added | +734.9k |
| MILLENNIUM MANAGEMENT LLC | Added | +555.6k |
| T. Rowe Price Investment Management, Inc. | Added | +517.8k |
| Polar Capital Holdings Plc | Added | +386.0k |
Biggest sellers
| LAZARD ASSET MANAGEMENT LLC | Reduced | -3.4m |
| BlackRock Inc. | Reduced | -1.7m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -1.5m |
| CREDIT SUISSE AG/ | Reduced | -670.0k |
| Invesco Ltd. | Reduced | -605.9k |
| STATE STREET CORP | Reduced | -586.0k |
| Varma Mutual Pension Insurance Co | Sold out | -559.3k |
| Bank of New York Mellon Corp | Reduced | -480.1k |
| FMR LLC | Reduced | -463.7k |
| Chevy Chase Trust Holdings, LLC | Reduced | -432.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.9m164.5k shares |
| SIMPLEX TRADING, LLC | Added | $4.9m116.9k shares |
| CITADEL ADVISORS LLC | Added | $2.6m61.6k shares |
| PEAK6 Investments LLC | Added | $1.3m30.1k shares |
| Cubist Systematic Strategies, LLC | New | $576.0k13.8k shares |
| JANE STREET GROUP, LLC | Added | $434.1k10.4k shares |
| WOLVERINE TRADING, LLC | Added | $429.9k10.3k shares |
| Walleye Trading LLC | Added | $371.5k8.9k shares |
| Walleye Capital LLC | Added | $346.4k8.3k shares |
| TUDOR INVESTMENT CORP ET AL | New | $263.0k6.3k shares |
Biggest puts
| SIMPLEX TRADING, LLC | Added | $2.9m68.7k shares |
| CITADEL ADVISORS LLC | Added | $2.6m61.3k shares |
| Caption Management, LLC | New | $2.3m54.3k shares |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC | New | $2.1m50.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.9m46.7k shares |
| Walleye Trading LLC | Added | $1.3m31.2k shares |
| PEAK6 Investments LLC | Added | $964.2k23.1k shares |
| WOLVERINE TRADING, LLC | New | $321.4k7.7k shares |
| Cubist Systematic Strategies, LLC | New | $308.9k7.4k shares |
| Walleye Capital LLC | Unchanged | $217.0k5.2k 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 PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.2% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q4 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 |
|---|---|---|---|---|---|
| Q1 2022 | 0 | — | 2 | $69.8k | — |
| Q2 2022 | 1 | $138.0k | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 2 | $8.1m | — |
| Q1 2023 | 0 | — | 2 | $956.1k | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
None reported in Q4 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 17.3m $723.5m | Added +203.1k |
| BlackRock Inc. 0.02% of their portfolio | 14.8m $619.5m | Reduced -1.7m |
| Bank of New York Mellon Corp 0.09% of their portfolio | 10.2m $425.2m | Reduced -480.1k |
| T. Rowe Price Investment Management, Inc. 0.15% of their portfolio | 5.6m $232.7m | Added +517.8k |
| BROWN CAPITAL MANAGEMENT LLC 3.39% of their portfolio | 5.4m $226.2m | Added +262.0k |
| STATE STREET CORP 0.01% of their portfolio | 5.0m $209.7m | Reduced -586.0k |
| Capital Research Global Investors 0.04% of their portfolio | 3.6m $148.2m | Added +4.0k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.2m $135.6m | Added +2.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.2m $133.1m | Added +36.4k |
| ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio | 3.0m $125.1m | Reduced -19.7k |
| Impax Asset Management Group plc 0.48% of their portfolio | 2.8m $118.7m | Added +31.5k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.32% of their portfolio | 2.6m $109.7m | Reduced -139.8k |
| MORGAN STANLEY 0.00% of their portfolio | 2.3m $95.5m | Added +1.4m |
| LAZARD ASSET MANAGEMENT LLC 0.11% of their portfolio | 2.1m $87.7m | Reduced -3.4m |
| NORDEA INVESTMENT MANAGEMENT AB 0.11% of their portfolio | 2.1m $86.9m | Added +1.3m |
| Fundsmith LLP 0.35% of their portfolio | 2.0m $84.3m | Reduced -26.4k |
| Mirae Asset Global Investments Co., Ltd. 0.17% of their portfolio | 2.0m $83.6m | Added +52.7k |
| DISCIPLINED GROWTH INVESTORS INC /MN 1.77% of their portfolio | 1.9m $81.1m | Reduced -3.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 1.9m $80.4m | Reduced -7.1k |
| DekaBank Deutsche Girozentrale 0.17% of their portfolio | 1.9m $80.7m | Added +56.7k |
| AXA S.A. 0.12% of their portfolio | 1.8m $76.3m | Added +817.5k |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 1.8m $75.6m | Reduced -1.5m |
| RIVERBRIDGE PARTNERS LLC 0.90% of their portfolio | 1.7m $71.8m | Reduced -60.5k |
| GW&K Investment Management, LLC 0.59% of their portfolio | 1.5m $63.5m | Added +205.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.08% of their portfolio | 1.5m $63.3m | Added +13.4k |
| AMERICAN CAPITAL MANAGEMENT INC 2.16% of their portfolio | 1.5m $63.2m | Reduced -13.5k |
| BAMCO INC /NY/ 0.17% of their portfolio | 1.5m $62.6m | Unchanged |
| Invesco Ltd. 0.01% of their portfolio | 1.5m $61.6m | Reduced -605.9k |
| EAGLE ASSET MANAGEMENT INC 0.32% of their portfolio | 1.4m $59.7m | Reduced -9.4k |
| NORGES BANK 0.01% of their portfolio | 1.4m $58.6m | Reduced -428.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.4m $57.8m | Reduced -174.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 1.3m $56.3m | Reduced -365.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.3m $54.1m | Added +61.9k |
| Chevy Chase Trust Holdings, LLC 0.19% of their portfolio | 1.3m $52.8m | Reduced -432.5k |
| Ensign Peak Advisors, Inc 0.10% of their portfolio | 1.2m $52.0m | Added +973.9k |
| BAILLIE GIFFORD & CO 0.04% of their portfolio | 1.2m $50.3m | Added +99.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.07% of their portfolio | 1.2m $48.4m | Reduced -16.0k |
| ROYCE & ASSOCIATES LP 0.42% of their portfolio | 1.1m $45.1m | Added +382.3k |
| Swedbank AB 0.07% of their portfolio | 1.1m $45.0m | Added +988.9k |
| Front Street Capital Management, Inc. 8.42% of their portfolio | 1.0m $42.2m | Added +36.0k |
| Legal & General Group Plc 0.01% of their portfolio | 1.0m $41.9m | Reduced -140.4k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 934.6k $39.0m | Added +205.0k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 903.3k $37.7m | Added +168.7k |
| Stephens Investment Management Group LLC 0.50% of their portfolio | 826.9k $34.5m | Added +184.8k |
| Capital International Investors 0.01% of their portfolio | 824.5k $34.4m | Added +294.5k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 787.5k $32.9m | Added +734.9k |
| Fiera Capital Corp 0.10% of their portfolio | 760.6k $31.7m | Reduced -13.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 751.8k $31.4m | Reduced -45.5k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 718.9k $30.0m | Added +555.6k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 667.1k $27.8m | Reduced -213.8k |
| EXCHANGE TRADED CONCEPTS, LLC 0.71% of their portfolio | 632.7k $26.4m | Added +95.1k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 579.1k $24.2m | Added +358.6k |
| SNYDER CAPITAL MANAGEMENT L P 0.58% of their portfolio | 566.3k $25.6m | Reduced -170.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.05% of their portfolio | 527.7k $22.0m | Reduced -131.9k |
| Polar Capital Holdings Plc 0.14% of their portfolio | 527.5k $22.0m | Added +386.0k |
| PINNACLE ASSOCIATES LTD 0.36% of their portfolio | 516.5k $21.6m | Reduced -8.7k |
| FMR LLC 0.00% of their portfolio | 508.6k $21.2m | Reduced -463.7k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 505.6k $21.1m | Reduced -15.1k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 501.9k $20.9m | Added +222.9k |
| Copeland Capital Management, LLC 0.41% of their portfolio | 486.8k $20.3m | Reduced -6.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 483.9k $20.2m | Added +219.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 469.6k $19.6m | Reduced -172.0k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 455.7k $19.0m | Added +5.1k |
| FEDERATED HERMES, INC. 0.05% of their portfolio | 453.7k $18.9m | Added +65.2k |
| TCW GROUP INC 0.21% of their portfolio | 444.3k $18.5m | Added +84.4k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 422.0k $18.0m | Added +193.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 418.2k $17.5m | Added +5.5k |
| NZS Capital, LLC 0.92% of their portfolio | 417.8k $17.4m | Added +167.2k |
| WCM INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 402.2k $17.1m | Added +133.0k |
| TD Asset Management Inc 0.02% of their portfolio | 401.4k $16.8m | Reduced -1.5k |
| Foster Victor Wealth Advisors, LLC 1.44% of their portfolio | 365.8k $14.1m | Added +39.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 365.0k $15.2m | Reduced -13.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 343.0k $14.3m | Reduced -54.2k |
| Thrivent Financial for Lutherans 0.03% of their portfolio | 340.9k $14.2m | Reduced -96.9k |
| Swiss National Bank 0.01% of their portfolio | 339.8k $14.2m | Reduced -215.4k |
| Montanaro Asset Management Ltd 2.49% of their portfolio | 316.5k $13.2m | Added +18.0k |
| Welch & Forbes LLC 0.20% of their portfolio | 311.3k $13.0m | Added +3.8k |
| California Public Employees Retirement System 0.01% of their portfolio | 303.5k $12.7m | Reduced -15.7k |
| Squarepoint Ops LLC 0.05% of their portfolio | 299.3k $12.5m | Reduced -407.4k |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 297.5k $12.4m | New |
| BARCLAYS PLC 0.01% of their portfolio | 283.1k $11.8m | Added +117.2k |
| Contour Asset Management LLC 0.47% of their portfolio | 274.4k $11.5m | New |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 270.0k $11.3m | Added +17.8k |
| TWINBEECH CAPITAL LP 0.18% of their portfolio | 267.1k $11.1m | Added +165.6k |
| Conestoga Capital Advisors, LLC 0.17% of their portfolio | 264.6k $11.0m | Reduced -8.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 239.6k $10.0m | Added +225.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 238.5k $10.0m | Reduced -336.7k |
| Cubist Systematic Strategies, LLC 0.12% of their portfolio | 236.7k $9.9m | Added +236.6k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.04% of their portfolio | 232.5k $9.7m | Reduced -10.2k |
| Alpine Peaks Capital, LP 5.61% of their portfolio | 221.2k $9.2m | Added +36.5k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 217.8k $9.1m | Reduced -670.0k |
| Retirement Systems of Alabama 0.04% of their portfolio | 215.6k $9.0m | Added +473 |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 214.1k $8.9m | Added +206.1k |
| Amundi 0.00% of their portfolio | 200.6k $7.8m | Reduced -38.8k |
| Man Group plc 0.02% of their portfolio | 199.9k $8.3m | New |
| SEI INVESTMENTS CO 0.01% of their portfolio | 199.6k $8.3m | Reduced -1.3k |
| Schonfeld Strategic Advisors LLC 0.07% of their portfolio | 198.3k $8.3m | Added +117.2k |
| BEACON INVESTMENT ADVISORY SERVICES, INC. 0.36% of their portfolio | 190.0k $7.9m | Reduced -7.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 187.3k $7.8m | Reduced -7.0k |
| ProShare Advisors LLC 0.02% of their portfolio | 184.4k $7.7m | Added +71.3k |