CORTEVA INC CTVA
COM · Common Stock · CUSIP 22052L104 · ISIN US22052L1044
American agriculture company
- SectorConsumer staples
- IndustryAgricultural Production-Crops
- HeadquartersIndianapolis, IN
- Founded2018
- Websitecorteva.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 ($112.7m this quarter). Holder counts are more reliable. Shares outstanding: 709.8m as of 2023-07-28, 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 ≈ $57.19. Options: 20 managers hold calls ($73.8m notional), 18 hold puts ($47.5m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,228 |
| Q4 2022 | 1,302 |
| Q1 2023 | 1,254 |
| Q2 2023 | 1,271 |
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 | 557 | 510 |
| Q1 2023 | 491 | 580 |
| Q2 2023 | 508 | 563 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $89.4m | $99.5m | 1.11 |
| Q4 2022 | $95.5m | $95.0m | 0.99 |
| Q1 2023 | $85.6m | $53.1m | 0.62 |
| Q2 2023 | $73.8m | $47.5m | 0.64 |
Biggest buyers
| WELLS FARGO & COMPANY/MN | Added | +3.3m |
| Independent Franchise Partners LLP | Added | +3.1m |
| Capital World Investors | Added | +2.1m |
| VAN ECK ASSOCIATES CORP | Added | +2.1m |
| CITADEL ADVISORS LLC | Added | +1.2m |
| Amundi | Added | +1.1m |
| BARCLAYS PLC | Added | +1.0m |
| CITIGROUP INC | Added | +677.2k |
| Bank of New York Mellon Corp | Added | +585.4k |
| TORONTO DOMINION BANK | Added | +568.3k |
Biggest sellers
| FMR LLC | Reduced | -22.5m |
| VANGUARD GROUP INC | Reduced | -3.3m |
| BlackRock Inc. | Reduced | -2.5m |
| Holocene Advisors, LP | Sold out | -1.4m |
| FRANKLIN RESOURCES INC | Reduced | -1.1m |
| AMERIPRISE FINANCIAL INC | Reduced | -948.6k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -916.3k |
| J.P. Morgan Private Wealth Advisors LLC | Sold out | -867.9k |
| STRS OHIO | Reduced | -840.0k |
| EAGLE ASSET MANAGEMENT INC | Reduced | -721.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $22.7m395.8k shares |
| CITADEL ADVISORS LLC | Reduced | $14.8m258.3k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $8.8m154.1k shares |
| WOLVERINE TRADING, LLC | Reduced | $7.8m134.8k shares |
| GROUP ONE TRADING LLC | Added | $5.8m101.2k shares |
| PEAK6 Investments LLC | Added | $3.4m58.7k shares |
| JANE STREET GROUP, LLC | Reduced | $2.2m37.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.5m26.9k shares |
| HSBC HOLDINGS PLC | New | $1.5m25.7k shares |
| Walleye Trading LLC | Reduced | $1.2m21.7k shares |
Biggest puts
| MILLENNIUM MANAGEMENT LLC | Reduced | $15.6m272.8k shares |
| Jefferies Financial Group Inc. | Added | $5.7m100.0k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $3.8m66.5k shares |
| PEAK6 Investments LLC | Reduced | $3.5m60.8k shares |
| Walleye Trading LLC | Added | $3.2m55.2k shares |
| CITADEL ADVISORS LLC | Reduced | $3.0m52.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.9m51.3k shares |
| HSBC HOLDINGS PLC | New | $2.9m50.7k shares |
| GROUP ONE TRADING LLC | Added | $2.3m39.5k shares |
| SIMPLEX TRADING, LLC | Added | $1.2m21.3k 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 | 7.6% |
| Capital World Investors 13G · institution +1.1 pts · filed 2026-08-12 | 6.6% |
| FMR LLC 13G · institution new · filed 2026-05-06 | 5.2% |
| STATE STREET CORP 13G · institution +0.2 pts · filed 2025-11-10 | 5.2% |
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 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 |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $188.5k | — |
| Q1 2022 | 1 | $2.6m | 3 | $5.9m | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 1 | $627.9k | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 1 | $2.4m | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.11% of their portfolio | 79.4m $4.5bn | Reduced -3.3m |
| BlackRock Inc. 0.09% of their portfolio | 54.0m $3.1bn | Reduced -2.5m |
| Capital World Investors 0.43% of their portfolio | 38.9m $2.2bn | Added +2.1m |
| STATE STREET CORP 0.10% of their portfolio | 32.8m $1.9bn | Reduced -13.1k |
| Aristotle Capital Management, LLC 3.08% of their portfolio | 26.5m $1.5bn | Reduced -399.8k |
| Nuveen Asset Management, LLC 0.32% of their portfolio | 16.2m $928.7m | Reduced -291.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.10% of their portfolio | 15.0m $856.9m | Added +261.7k |
| NORTHERN TRUST CORP 0.13% of their portfolio | 12.2m $697.8m | Reduced -240.2k |
| FMR LLC 0.06% of their portfolio | 12.0m $684.9m | Reduced -22.5m |
| Independent Franchise Partners LLP 5.42% of their portfolio | 11.3m $647.0m | Added +3.1m |
| Capital International Investors 0.14% of their portfolio | 10.3m $588.3m | Added +24.4k |
| Boston Partners 0.76% of their portfolio | 9.8m $561.5m | Reduced -147.5k |
| JANUS HENDERSON GROUP PLC 0.35% of their portfolio | 9.7m $554.9m | Added +443.1k |
| MORGAN STANLEY 0.05% of their portfolio | 9.3m $535.0m | Added +437.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.16% of their portfolio | 8.5m $489.9m | Added +86.7k |
| PUTNAM INVESTMENTS LLC 0.69% of their portfolio | 8.2m $471.3m | Added +41.2k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.43% of their portfolio | 7.6m $437.5m | Added +167.2k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 6.8m $387.1m | Reduced -503.3k |
| Bank of New York Mellon Corp 0.08% of their portfolio | 6.3m $363.7m | Added +585.4k |
| CITADEL ADVISORS LLC 0.36% of their portfolio | 5.6m $323.2m | Added +1.2m |
| Invesco Ltd. 0.08% of their portfolio | 5.4m $311.1m | Reduced -138.4k |
| Legal & General Group Plc 0.10% of their portfolio | 5.4m $308.1m | Added +268.9k |
| WELLS FARGO & COMPANY/MN 0.07% of their portfolio | 4.5m $256.9m | Added +3.3m |
| WCM INVESTMENT MANAGEMENT, LLC 0.76% of their portfolio | 4.4m $253.6m | Reduced -36.9k |
| VAN ECK ASSOCIATES CORP 0.54% of their portfolio | 4.3m $245.2m | Added +2.1m |
| DUPONT CAPITAL MANAGEMENT CORP 12.02% of their portfolio | 4.3m $244.1m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio | 4.0m $230.1m | Added +36.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.16% of their portfolio | 4.0m $230.0m | Reduced -304.2k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 3.9m $222.7m | Added +8.2k |
| MACKENZIE FINANCIAL CORP 0.29% of their portfolio | 3.3m $188.7m | Added +310.6k |
| NORGES BANK 0.04% of their portfolio | 3.2m $183.4m | Added +142.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 3.1m $184.8m | Unchanged |
| DEUTSCHE BANK AG\ 0.09% of their portfolio | 3.0m $171.3m | Reduced -495.4k |
| FIL Ltd 0.19% of their portfolio | 3.0m $170.4m | Reduced -98.4k |
| BESSEMER GROUP INC 0.36% of their portfolio | 2.9m $167.6m | Reduced -217.2k |
| Amundi 0.08% of their portfolio | 2.9m $165.8m | Added +1.1m |
| Sumitomo Mitsui Trust Group, Inc. 0.12% of their portfolio | 2.8m $159.4m | Reduced -271.3k |
| Swiss National Bank 0.10% of their portfolio | 2.6m $147.5m | Reduced -261.9k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 2.5m $145.7m | Reduced -180.6k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 2.5m $143.7m | Added +144.9k |
| BARCLAYS PLC 0.09% of their portfolio | 2.4m $136.1m | Added +1.0m |
| AGF MANAGEMENT LTD 0.97% of their portfolio | 2.3m $133.8m | Added +11.3k |
| CITIGROUP INC 0.17% of their portfolio | 2.3m $131.5m | Added +677.2k |
| FRANKLIN RESOURCES INC 0.06% of their portfolio | 2.2m $124.9m | Reduced -1.1m |
| M&T Bank Corp 0.46% of their portfolio | 2.2m $123.6m | Reduced -115.8k |
| GLENVIEW CAPITAL MANAGEMENT, LLC 3.22% of their portfolio | 2.1m $119.9m | Added +454.1k |
| TRUIST FINANCIAL CORP 0.19% of their portfolio | 2.0m $116.6m | Added +1.4k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.0m $115.4m | Added +385.0k |
| MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio | 1.9m $107.6m | Reduced -916.3k |
| UBS Group AG 0.04% of their portfolio | 1.7m $98.9m | Reduced -116.4k |
| PRIMECAP MANAGEMENT CO/CA/ 0.08% of their portfolio | 1.7m $98.5m | Reduced -147.9k |
| National Pension Service 0.16% of their portfolio | 1.7m $99.0m | Added +202.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.51% of their portfolio | 1.5m $88.6m | Reduced -452.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.13% of their portfolio | 1.5m $87.2m | Reduced -232.0k |
| NEUBERGER BERMAN GROUP LLC 0.08% of their portfolio | 1.5m $85.9m | Added +104.7k |
| EMINENCE CAPITAL, LP 1.52% of their portfolio | 1.5m $84.6m | Reduced -155.9k |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 1.4m $80.5m | Reduced -3.5k |
| California Public Employees Retirement System 0.07% of their portfolio | 1.4m $77.7m | Reduced -73.7k |
| SATURNA CAPITAL CORP 1.34% of their portfolio | 1.3m $77.3m | Added +118.9k |
| FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT, INC 8.16% of their portfolio | 1.3m $75.0m | Added +125.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 1.3m $74.7m | Added +48.9k |
| Bristol Gate Capital Partners Inc. 3.87% of their portfolio | 1.3m $73.6m | Reduced -21.4k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 1.2m $69.6m | Reduced -948.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.10% of their portfolio | 1.2m $69.0m | Reduced -17.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 1.2m $68.9m | Added +539.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.2m $68.9m | Reduced -52.9k |
| EAGLE ASSET MANAGEMENT INC 0.38% of their portfolio | 1.2m $68.4m | Reduced -721.0k |
| CREDIT SUISSE AG/ 0.07% of their portfolio | 1.1m $65.4m | Added +155.6k |
| SEI INVESTMENTS CO 0.11% of their portfolio | 1.1m $64.5m | Reduced -10.9k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 1.1m $64.0m | Added +41.4k |
| CANADA LIFE ASSURANCE Co 0.14% of their portfolio | 1.1m $60.6m | Added +199.9k |
| Assenagon Asset Management S.A. 0.23% of their portfolio | 1.0m $58.2m | Added +409.5k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 941.2k $54.0m | Reduced -15.2k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 907.1k $52.0m | Reduced -534.5k |
| COMERICA BANK 0.00% of their portfolio | 906.6k $78 | First filing |
| STATE OF WISCONSIN INVESTMENT BOARD 0.14% of their portfolio | 894.0k $51.2m | Added +109.7k |
| Swedbank AB 0.09% of their portfolio | 890.8k $51.0m | Reduced -348.7k |
| TORONTO DOMINION BANK 0.04% of their portfolio | 886.5k $50.8m | Added +568.3k |
| RIT CAPITAL PARTNERS PLC 17.18% of their portfolio | 882.3k $50.5m | Reduced -77.3k |
| Rheos Capital Works Inc. 2.71% of their portfolio | 880.0k $50.4m | Unchanged |
| Clearbridge Investments, LLC 0.05% of their portfolio | 877.2k $50.3m | Reduced -5.0k |
| Amova Asset Management Americas, Inc. 0.52% of their portfolio | 870.0k $49.8m | Reduced -7.8k |
| STOREBRAND ASSET MANAGEMENT AS 0.23% of their portfolio | 867.8k $49.7m | Reduced -14.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio | 865.0k $49.6m | Reduced -12.9k |
| PNC Financial Services Group, Inc. 0.04% of their portfolio | 856.1k $49.1m | Reduced -6.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.10% of their portfolio | 826.1k $47.3m | Reduced -25.7k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 782.7k $44.8m | Added +171.8k |
| Hardman Johnston Global Advisors LLC 1.45% of their portfolio | 779.3k $44.7m | Reduced -187.1k |
| PRUDENTIAL FINANCIAL INC 0.06% of their portfolio | 777.0k $44.5m | Reduced -22.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio | 775.0k $44.4m | Reduced -42.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.21% of their portfolio | 768.4k $44.0m | Added +135.4k |
| PGGM Investments 0.71% of their portfolio | 763.0k $43.7m | Reduced -36.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 735.7k $42.2m | Reduced -29.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.08% of their portfolio | 709.2k $40.6m | Added +21.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.09% of their portfolio | 708.2k $40.6m | Reduced -5.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.18% of their portfolio | 696.3k $39.9m | Added +95.0k |
| Russell Investments Group, Ltd. 0.08% of their portfolio | 689.5k $39.5m | Reduced -159.8k |
| ZWJ INVESTMENT COUNSEL INC 1.94% of their portfolio | 647.7k $37.1m | Added +51.4k |
| Employees Retirement System of Texas 0.50% of their portfolio | 634.0k $36.3m | Added +160.0k |
| Robeco Institutional Asset Management B.V. 0.10% of their portfolio | 633.5k $36.3m | Reduced -110.5k |