CORNING INC GLW
COM · Common Stock · CUSIP 219350105 · ISIN US2193501051
American manufacturer of glass & ceramics
- SectorMaterials
- IndustryDrawing & Insulating of Nonferrous Wire
- HeadquartersCorning, NY
- Founded1851
- Websitecorning.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 ($43.0m this quarter). Holder counts are more reliable. Shares outstanding: 853.2m as of 2023-10-26, 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 ≈ $30.44. Options: 28 managers hold calls ($207.4m notional), 28 hold puts ($102.3m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,120 |
| Q4 2022 | 1,165 |
| Q1 2023 | 1,177 |
| Q2 2023 | 1,161 |
| Q3 2023 | 1,143 |
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 | 501 | 482 |
| Q1 2023 | 516 | 487 |
| Q2 2023 | 503 | 523 |
| Q3 2023 | 487 | 527 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $161.9m | $90.0m | 0.56 |
| Q1 2023 | $264.7m | $100.6m | 0.38 |
| Q2 2023 | $292.3m | $124.6m | 0.43 |
| Q3 2023 | $207.4m | $102.3m | 0.49 |
Biggest buyers
| AMERIPRISE FINANCIAL INC | Added | +2.3m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +2.1m |
| FIL Ltd | Added | +1.3m |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | Added | +1.2m |
| MORGAN STANLEY | Added | +1.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +708.8k |
| Amundi | Added | +589.3k |
| BARCLAYS PLC | Added | +495.9k |
| Bank of New York Mellon Corp | Added | +490.6k |
| GOLDMAN SACHS GROUP INC | Added | +466.5k |
Biggest sellers
| T. Rowe Price Investment Management, Inc. | Sold out | -4.0m |
| Balyasny Asset Management L.P. | Reduced | -2.3m |
| JPMORGAN CHASE & CO | Reduced | -2.0m |
| Retirement Systems of Alabama | Reduced | -1.1m |
| COMERICA BANK | Reduced | -926.1k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -784.3k |
| Homestead Advisers Corp | Reduced | -768.6k |
| Invesco Ltd. | Reduced | -765.7k |
| DEUTSCHE BANK AG\ | Reduced | -740.8k |
| STATE STREET CORP | Reduced | -672.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $43.3m1.4m shares |
| CITADEL ADVISORS LLC | Reduced | $35.0m1.1m shares |
| UBS Group AG | Added | $23.6m773.8k shares |
| Walleye Trading LLC | Reduced | $20.9m685.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $13.3m436.9k shares |
| GOLDMAN SACHS GROUP INC | Added | $12.4m405.4k shares |
| WOLVERINE TRADING, LLC | Added | $11.0m361.9k shares |
| GROUP ONE TRADING LLC | Reduced | $9.3m303.9k shares |
| Twin Tree Management, LP | Added | $6.6m217.3k shares |
| Walleye Capital LLC | Reduced | $6.1m201.6k shares |
Biggest puts
| UBS Group AG | Added | $22.3m732.2k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $22.3m730.8k shares |
| CITADEL ADVISORS LLC | Added | $11.1m363.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $8.1m265.0k shares |
| JPMORGAN CHASE & CO | Unchanged | $6.4m209.5k shares |
| Walleye Capital LLC | Reduced | $4.0m132.6k shares |
| GOLDMAN SACHS GROUP INC | Added | $4.0m131.1k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $3.4m1.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.1m100.7k shares |
| Point72 Asset Management, L.P. | Reduced | $2.8m91.0k 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 |
|---|---|
| Samsung Display Co., Ltd. 13G · passive investor -0.4 pts · filed 2025-09-10 | 7.9% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.8% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q3 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 |
|---|---|---|---|---|---|
| Q4 2021 | 1 | $3.8k | 1 | $632.1k | — |
| Q1 2022 | 1 | $185 | 3 | $7.8m | — |
| Q2 2022 | 0 | — | 3 | $1.3m | — |
| Q3 2022 | 0 | — | 2 | $1.7m | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 4 | $6.0m | — |
| Q2 2023 | 0 | — | 6 | $4.4m | $1.2m |
| Q3 2023 | 0 | — | 2 | $4.0m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-07-26 | WEEKS WENDELL P Chairman and CEO, director | Sold | $3.4m100.0k shares |
| 2023-07-26 | STEVERSON LEWIS A EVP and CLAO | Sold | $572.3k16.7k 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, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.07% of their portfolio | 98.3m $3.0bn | Reduced -9.5k |
| BlackRock Inc. 0.05% of their portfolio | 58.5m $1.8bn | Added +190.2k |
| STATE STREET CORP 0.05% of their portfolio | 30.9m $941.7m | Reduced -672.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.18% of their portfolio | 28.7m $874.9m | Added +2.1m |
| MORGAN STANLEY 0.07% of their portfolio | 21.9m $667.3m | Added +1.1m |
| AMERIPRISE FINANCIAL INC 0.18% of their portfolio | 17.6m $536.1m | Added +2.3m |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 17.0m $518.6m | Reduced -2.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 16.7m $507.2m | Added +394.1k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.45% of their portfolio | 14.5m $442.7m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 14.3m $435.8m | Added +223.4k |
| NORTHERN TRUST CORP 0.07% of their portfolio | 12.0m $366.9m | Added +232.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 11.8m $359.4m | Added +708.8k |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 9.6m $291.8m | Added +111.6k |
| PRIMECAP MANAGEMENT CO/CA/ 0.23% of their portfolio | 8.8m $267.1m | Reduced -49.4k |
| NORGES BANK 0.05% of their portfolio | 7.9m $240.6m | Added +31.7k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 7.9m $240.2m | Added +490.6k |
| AMERICAN CENTURY COMPANIES INC 0.17% of their portfolio | 7.1m $216.9m | Reduced -72.8k |
| FIL Ltd 0.25% of their portfolio | 7.1m $215.5m | Added +1.3m |
| Invesco Ltd. 0.05% of their portfolio | 6.1m $185.6m | Reduced -765.7k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.70% of their portfolio | 6.0m $183.1m | Reduced -74.5k |
| Legal & General Group Plc 0.06% of their portfolio | 5.3m $161.4m | Reduced -235.0k |
| California Public Employees Retirement System 0.12% of their portfolio | 4.5m $136.7m | Added +377.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 4.5m $136.6m | Added +54.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 4.3m $129.6m | Added +4.3k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 4.2m $128.7m | Added +189.7k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 4.1m $125.2m | Added +466.5k |
| Bahl & Gaynor LLC 0.78% of their portfolio | 4.0m $121.7m | Reduced -98.9k |
| SHAPIRO CAPITAL MANAGEMENT LLC 3.38% of their portfolio | 3.8m $116.1m | Reduced -155.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 3.5m $107.1m | Added +220.1k |
| UBS Group AG 0.04% of their portfolio | 3.0m $92.6m | Added +317.2k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 2.9m $87.5m | Reduced -160.0k |
| Swiss National Bank 0.06% of their portfolio | 2.6m $79.2m | Reduced -309.2k |
| STIFEL FINANCIAL CORP 0.10% of their portfolio | 2.4m $71.9m | Added +133.1k |
| CREDIT SUISSE AG/ 0.07% of their portfolio | 2.3m $71.1m | Reduced -2.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 2.1m $62.7m | Reduced -21.5k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 2.0m $60.2m | Reduced -23.3k |
| RAYMOND JAMES & ASSOCIATES 0.05% of their portfolio | 1.9m $57.1m | Reduced -18.3k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 1.9m $56.7m | Reduced -740.8k |
| BARCLAYS PLC 0.04% of their portfolio | 1.8m $54.4m | Added +495.9k |
| FMR LLC 0.00% of their portfolio | 1.7m $52.2m | Added +52.2k |
| NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio | 1.7m $51.0m | Reduced -660.1k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 1.7m $50.4m | Added +180.8k |
| River Road Asset Management, LLC 0.63% of their portfolio | 1.5m $44.6m | Reduced -12.0k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 1.4m $44.0m | Added +53.1k |
| CITIGROUP INC 0.06% of their portfolio | 1.4m $43.6m | Added +140.1k |
| Amundi 0.02% of their portfolio | 1.4m $39.4m | Added +589.3k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 1.4m $41.6m | Reduced -263.8k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 1.4m $41.6m | Reduced -3.8k |
| National Pension Service 0.06% of their portfolio | 1.3m $40.6m | Added +10.9k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 1.78% of their portfolio | 1.3m $40.9m | Added +83.7k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.12% of their portfolio | 1.2m $37.2m | Added +1.2m |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 1.2m $36.8m | Added +349.4k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.05% of their portfolio | 1.2m $36.4m | Reduced -784.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 1.2m $36.2m | Reduced -87.4k |
| YACKTMAN ASSET MANAGEMENT LP 0.36% of their portfolio | 1.2m $36.1m | Reduced -4.5k |
| DONALDSON CAPITAL MANAGEMENT, LLC 1.70% of their portfolio | 1.2m $36.0m | Reduced -4.4k |
| STALEY CAPITAL ADVISERS INC 1.94% of their portfolio | 1.2m $35.2m | Reduced -53.2k |
| Mariner, LLC 0.08% of their portfolio | 1.0m $31.4m | Added +51.3k |
| Minneapolis Portfolio Management Group, LLC 4.58% of their portfolio | 1.0m $31.0m | Reduced -45.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 1.0m $30.8m | Reduced -77.3k |
| SHUFRO ROSE & CO LLC 2.84% of their portfolio | 985.0k $30.0m | Reduced -6.2k |
| RNC CAPITAL MANAGEMENT LLC 1.85% of their portfolio | 976.6k $29.8m | Reduced -51.5k |
| PRUDENTIAL FINANCIAL INC 0.04% of their portfolio | 939.6k $28.6m | Added +91.4k |
| APG Asset Management N.V. 0.06% of their portfolio | 939.2k $28.6m | Reduced -85.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 893.3k $27.2m | Reduced -752 |
| LPL Financial LLC 0.02% of their portfolio | 883.0k $26.9m | Added +109.1k |
| CACTI ASSET MANAGEMENT LLC 2.47% of their portfolio | 879.6k $26.8m | Unchanged |
| TORONTO DOMINION BANK 0.02% of their portfolio | 879.2k $26.8m | Reduced -66.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.06% of their portfolio | 872.3k $26.6m | Reduced -9.7k |
| Cullen/Frost Bankers, Inc. 0.44% of their portfolio | 834.7k $25.4m | Added +16.8k |
| Robeco Schweiz AG 0.43% of their portfolio | 828.0k $25.2m | Unchanged |
| Burns Matteson Capital Management, LLC 7.53% of their portfolio | 810.7k $11.8m | Reduced -860 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio | 807.9k $24.6m | Added +5.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 783.2k $23.9m | Added +196.1k |
| Randolph Co Inc 3.80% of their portfolio | 777.4k $23.7m | Reduced -1.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 763.2k $23.3m | Added +900 |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 745.7k $22.7m | Added +61.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 736.8k $22.4m | Reduced -29.6k |
| JOHN G ULLMAN & ASSOCIATES INC 3.64% of their portfolio | 730.0k $22.2m | Reduced -26.4k |
| ALPS ADVISORS INC 0.18% of their portfolio | 719.2k $21.9m | Reduced -3.7k |
| COMERICA BANK 0.11% of their portfolio | 703.4k $21.4m | Reduced -926.1k |
| TCW GROUP INC 0.27% of their portfolio | 700.5k $21.3m | Reduced -180.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 695.1k $21.2m | Reduced -13.1k |
| Hosking Partners LLP 0.91% of their portfolio | 674.5k $20.6m | Added +55.3k |
| Verity & Verity, LLC 2.50% of their portfolio | 655.6k $20.0m | Reduced -609.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 640.0k $19.5m | Reduced -116.4k |
| Cornerstone Capital, Inc. 2.30% of their portfolio | 625.8k $19.1m | Added +18.6k |
| PNC Financial Services Group, Inc. 0.02% of their portfolio | 625.0k $19.0m | Reduced -21.9k |
| Handelsbanken Fonder AB 0.10% of their portfolio | 602.3k $18.4m | Reduced -10.0k |
| US BANCORP \DE\ 0.03% of their portfolio | 581.0k $17.7m | Added +45.7k |
| Baird Financial Group, Inc. 0.05% of their portfolio | 579.2k $17.6m | Reduced -61.7k |
| HighTower Advisors, LLC 0.03% of their portfolio | 568.7k $17.3m | Added +170.0k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 568.3k $17.3m | Reduced -2.3m |
| GABELLI FUNDS LLC 0.14% of their portfolio | 559.0k $17.0m | Unchanged |
| CORDA Investment Management, LLC. 1.54% of their portfolio | 557.2k $17.0m | Added +16.4k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 553.0k $17.3m | Reduced -66.0k |
| Cerity Partners LLC 0.08% of their portfolio | 549.2k $16.7m | Added +49.2k |
| Advisors Asset Management, Inc. 0.36% of their portfolio | 548.9k $16.7m | Added +71.8k |
| Rockefeller Capital Management L.P. 0.06% of their portfolio | 547.2k $16.7m | Reduced -14.2k |
| MEYER HANDELMAN CO 0.67% of their portfolio | 545.4k $16.6m | Unchanged |