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 ($41.5m this quarter). Holder counts are more reliable. Shares outstanding: 856.6m as of 2024-04-25, 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 ≈ $32.93. Options: 33 managers hold calls ($259.3m notional), 27 hold puts ($114.9m).
Trends to Q1 2024
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 |
| Q4 2023 | 1,195 |
| Q1 2024 | 1,195 |
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 |
| Q4 2023 | 445 | 582 |
| Q1 2024 | 514 | 542 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $292.3m | $124.6m | 0.43 |
| Q3 2023 | $207.4m | $102.3m | 0.49 |
| Q4 2023 | $215.8m | $107.2m | 0.50 |
| Q1 2024 | $259.3m | $114.9m | 0.44 |
Biggest buyers
| MORGAN STANLEY | Added | +21.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +4.5m |
| BANK OF NOVA SCOTIA | Added | +2.2m |
| Point72 Asset Management, L.P. | New | +1.8m |
| NATIXIS | Added | +1.7m |
| Invesco Ltd. | Added | +1.6m |
| NOMURA HOLDINGS INC | Added | +1.5m |
| BANK OF AMERICA CORP /DE/ | Added | +1.4m |
| Amundi | Added | +1.3m |
| Assenagon Asset Management S.A. | Added | +1.2m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -3.6m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -2.5m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.8m |
| BANK OF MONTREAL /CAN/ | Reduced | -1.8m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -1.3m |
| STALEY CAPITAL ADVISERS INC | Sold out | -1.2m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -1.1m |
| Bank of New York Mellon Corp | Reduced | -809.8k |
| VANGUARD GROUP INC | Reduced | -798.5k |
| FMR LLC | Reduced | -567.4k |
Biggest calls
| UBS Group AG | Added | $41.9m1.3m shares |
| CITADEL ADVISORS LLC | Reduced | $33.6m1.0m shares |
| MASTERS CAPITAL MANAGEMENT LLC | New | $33.0m1.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $30.3m918.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $19.2m582.7k shares |
| Squarepoint Ops LLC | Added | $15.6m472.7k shares |
| PEAK6 Investments LLC | Added | $11.6m352.6k shares |
| GROUP ONE TRADING LLC | Added | $8.9m269.3k shares |
| Walleye Trading LLC | Reduced | $8.2m250.3k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $8.2m250.0k shares |
Biggest puts
| UBS Group AG | Added | $36.1m1.1m shares |
| Eisler Capital (US) LLC | New | $12.8m389.2k shares |
| CITADEL ADVISORS LLC | Added | $11.8m357.1k shares |
| SIMPLEX TRADING, LLC | Added | $9.0m274.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.4m192.9k shares |
| Walleye Capital LLC | Added | $5.4m163.6k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $4.5m1.4k shares |
| Squarepoint Ops LLC | Reduced | $3.6m110.4k shares |
| IMC-Chicago, LLC | Added | $3.4m102.2k shares |
| Point72 Asset Management, L.P. | Reduced | $3.0m89.6k 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 Q1 2024
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 |
|---|---|---|---|---|---|
| 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 | — |
| Q4 2023 | 0 | — | 1 | $866.3k | — |
| Q1 2024 | 0 | — | 5 | $1.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-21 | McRae Lawrence D Retired Vice Chairman | Sold | $2.6m77.5k shares |
| 2024-02-29 | Bayne John P JR SVP &GM, Mobile Consumer Elec. | Sold | $131.6k4.1k shares |
| 2024-02-21 | Fang Li SVP, Corning Intl & NBD, Solar | Sold | $274.2k8.5k shares |
| 2024-02-16 | Amin Jaymin SVP and Chief Tech. Officer | Sold | $902.3k28.2k shares |
| 2024-02-16 | Curran Martin J Exec. VP & Innovation Officer | Sold | $204.2k6.4k shares |
| 2024-02-15 | Zhang John Z SVP&GM Display & Corning Asia | Sold | $211.6k6.6k 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, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.06% of their portfolio | 97.4m $3.2bn | Reduced -798.5k |
| MORGAN STANLEY 0.06% of their portfolio | 67.6m $2.2bn | Added +21.1m |
| BlackRock Inc. 0.05% of their portfolio | 60.1m $2.0bn | Reduced -142.0k |
| STATE STREET CORP 0.05% of their portfolio | 32.6m $1.1bn | Added +408.9k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 32.5m $1.1bn | Reduced -3.6m |
| WELLINGTON MANAGEMENT GROUP LLP 0.18% of their portfolio | 30.0m $987.9m | Reduced -1.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 17.6m $579.2m | Added +671.0k |
| AMERIPRISE FINANCIAL INC 0.16% of their portfolio | 17.5m $575.9m | Reduced -472.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.07% of their portfolio | 17.2m $566.9m | Added +4.5m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.43% of their portfolio | 14.5m $478.9m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 13.8m $453.7m | Added +1.4m |
| NORTHERN TRUST CORP 0.06% of their portfolio | 11.1m $366.5m | Reduced -388.4k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 9.9m $326.8m | Added +194.0k |
| NORGES BANK 0.05% of their portfolio | 8.8m $289.9m | Added +661.2k |
| PRIMECAP MANAGEMENT CO/CA/ 0.21% of their portfolio | 8.7m $287.5m | Added +43.3k |
| Invesco Ltd. 0.06% of their portfolio | 8.6m $284.5m | Added +1.6m |
| FIL Ltd 0.26% of their portfolio | 7.9m $261.2m | Added +745.5k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 7.1m $234.7m | Reduced -809.8k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 6.9m $226.9m | Added +672.7k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.65% of their portfolio | 5.9m $195.6m | Added +63.1k |
| Legal & General Group Plc 0.05% of their portfolio | 5.3m $175.5m | Reduced -4.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 4.8m $156.9m | Added +716.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 4.7m $154.8m | Added +107.2k |
| California Public Employees Retirement System 0.10% of their portfolio | 4.5m $147.7m | Reduced -83.3k |
| AMERICAN CENTURY COMPANIES INC 0.09% of their portfolio | 4.3m $141.6m | Reduced -2.5m |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 3.6m $119.9m | Added +600.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 3.6m $119.7m | Added +30.8k |
| UBS Group AG 0.04% of their portfolio | 3.6m $119.4m | Added +273.4k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 3.2m $106.0m | Added +47.7k |
| SHAPIRO CAPITAL MANAGEMENT LLC 2.80% of their portfolio | 3.1m $103.8m | Reduced -479.0k |
| Bahl & Gaynor LLC 0.58% of their portfolio | 3.1m $103.5m | Reduced -396.4k |
| Amundi 0.04% of their portfolio | 2.8m $86.4m | Added +1.3m |
| Assenagon Asset Management S.A. 0.24% of their portfolio | 2.7m $89.8m | Added +1.2m |
| STIFEL FINANCIAL CORP 0.10% of their portfolio | 2.7m $88.9m | Added +428.2k |
| BANK OF NOVA SCOTIA 0.18% of their portfolio | 2.6m $87.1m | Added +2.2m |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 2.5m $83.3m | Added +346.0k |
| Swiss National Bank 0.06% of their portfolio | 2.4m $80.0m | Reduced -106.6k |
| CITIGROUP INC 0.08% of their portfolio | 2.3m $76.5m | Added +776.8k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 2.3m $75.6m | Reduced -165.3k |
| CREDIT SUISSE AG/ 0.07% of their portfolio | 2.3m $75.1m | Reduced -133.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 2.1m $69.1m | Added +42.8k |
| BARCLAYS PLC 0.03% of their portfolio | 1.9m $61.8m | Reduced -175.8k |
| Point72 Asset Management, L.P. 0.17% of their portfolio | 1.8m $59.6m | New |
| NATIXIS 0.33% of their portfolio | 1.8m $59.6m | Added +1.7m |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 1.7m $57.1m | Added +367.2k |
| NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio | 1.7m $57.1m | Added +2.9k |
| FEDERATED HERMES, INC. 0.13% of their portfolio | 1.7m $57.0m | Added +407.7k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 2.03% of their portfolio | 1.7m $56.1m | Unchanged |
| RAYMOND JAMES & ASSOCIATES 0.04% of their portfolio | 1.6m $53.5m | Reduced -35.7k |
| NOMURA HOLDINGS INC 0.40% of their portfolio | 1.5m $49.3m | Added +1.5m |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 1.5m $48.6m | Reduced -368.5k |
| National Pension Service 0.05% of their portfolio | 1.4m $45.7m | Added +38.2k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 1.4m $45.0m | Reduced -18.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 1.3m $41.7m | Added +39.9k |
| Verity & Verity, LLC 2.36% of their portfolio | 1.3m $41.4m | Reduced -64.5k |
| APG Asset Management N.V. 0.07% of their portfolio | 1.2m $37.9m | Added +67.1k |
| YACKTMAN ASSET MANAGEMENT LP 0.35% of their portfolio | 1.2m $39.1m | Unchanged |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.10% of their portfolio | 1.2m $38.8m | Reduced -17.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 1.1m $36.8m | Reduced -31.6k |
| FMR LLC 0.00% of their portfolio | 1.1m $36.8m | Reduced -567.4k |
| RNC CAPITAL MANAGEMENT LLC 2.01% of their portfolio | 1.1m $35.2m | Reduced -56.5k |
| River Road Asset Management, LLC 0.47% of their portfolio | 1.1m $35.1m | Reduced -148.8k |
| Caisse de depot et placement du Quebec 0.08% of their portfolio | 1.1m $34.9m | Added +895.1k |
| Mariner, LLC 0.07% of their portfolio | 1.1m $34.8m | Added +44.7k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.12% of their portfolio | 1.0m $33.4m | Added +1.0m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 992.5k $32.7m | Added +187.3k |
| LPL Financial LLC 0.02% of their portfolio | 982.7k $32.4m | Added +54.8k |
| SHUFRO ROSE & CO LLC 2.68% of their portfolio | 981.9k $32.4m | Added +3.4k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 950.1k $31.3m | Reduced -49.6k |
| Minneapolis Portfolio Management Group, LLC 4.23% of their portfolio | 938.6k $30.9m | Reduced -28.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 899.9k $31.7m | Added +41.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 898.1k $29.6m | Added +215.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 895.5k $29.5m | Added +12.6k |
| CACTI ASSET MANAGEMENT LLC 2.55% of their portfolio | 879.6k $31.9m | Unchanged |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 877.7k $29.0m | Reduced -1.8m |
| Twin Tree Management, LP 0.63% of their portfolio | 840.0k $27.7m | Added +189.3k |
| Burns Matteson Capital Management, LLC 8.33% of their portfolio | 815.3k $12.9m | Added +4.6k |
| Squarepoint Ops LLC 0.11% of their portfolio | 812.4k $26.8m | Reduced -66.3k |
| Cullen/Frost Bankers, Inc. 0.38% of their portfolio | 784.9k $25.9m | Reduced -8.8k |
| Randolph Co Inc 3.15% of their portfolio | 777.3k $25.6m | Reduced -1.7k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio | 771.0k $25.4m | Reduced -6.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 753.1k $24.8m | Added +7.3k |
| JOHN G ULLMAN & ASSOCIATES INC 3.61% of their portfolio | 713.8k $23.5m | Reduced -30.9k |
| COMERICA BANK 0.10% of their portfolio | 697.9k $23.0m | Added +12.5k |
| Rockefeller Capital Management L.P. 0.07% of their portfolio | 697.3k $23.0m | Added +141.0k |
| ALPS ADVISORS INC 0.16% of their portfolio | 692.4k $22.8m | Reduced -63.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 690.2k $22.8m | Added +203.7k |
| Advisors Asset Management, Inc. 0.42% of their portfolio | 660.7k $21.8m | Added +37.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.09% of their portfolio | 653.2k $21.5m | Added +150.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 647.0k $21.3m | Reduced -25.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 642.4k $21.2m | Reduced -107.1k |
| Hosking Partners LLP 0.76% of their portfolio | 627.3k $20.7m | Reduced -1.9k |
| PNC Financial Services Group, Inc. 0.01% of their portfolio | 611.1k $20.1m | Reduced -3.6k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 609.2k $20.1m | Added +62.0k |
| CORDA Investment Management, LLC. 1.54% of their portfolio | 588.8k $19.4m | Added +37.2k |
| Cornerstone Capital, Inc. 1.97% of their portfolio | 582.3k $19.2m | Added +22.1k |
| PRUDENTIAL FINANCIAL INC 0.03% of their portfolio | 578.6k $19.1m | Reduced -78.9k |
| NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio | 570.2k $19.5m | Added +123.9k |
| GABELLI FUNDS LLC 0.14% of their portfolio | 558.5k $18.4m | Unchanged |
| AXA S.A. 0.05% of their portfolio | 542.2k $17.9m | Added +522.1k |