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 ($94.8m this quarter). Holder counts are more reliable. Shares outstanding: 697.0m 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 ≈ $57.66. Options: 25 managers hold calls ($215.6m notional), 20 hold puts ($126.4m).
Trends to Q1 2024
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 |
| Q3 2023 | 1,199 |
| Q4 2023 | 1,234 |
| Q1 2024 | 1,262 |
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 |
| Q3 2023 | 450 | 624 |
| Q4 2023 | 443 | 619 |
| Q1 2024 | 568 | 546 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $73.8m | $47.5m | 0.64 |
| Q3 2023 | $85.6m | $41.9m | 0.49 |
| Q4 2023 | $194.5m | $66.4m | 0.34 |
| Q1 2024 | $215.6m | $126.4m | 0.59 |
Biggest buyers
| MORGAN STANLEY | Added | +21.1m |
| FRANKLIN RESOURCES INC | Added | +11.0m |
| HARRIS ASSOCIATES L P | Added | +3.7m |
| Independent Franchise Partners LLP | Added | +2.1m |
| GLENVIEW CAPITAL MANAGEMENT, LLC | Added | +2.1m |
| Amundi | Added | +1.9m |
| Balyasny Asset Management L.P. | Added | +1.8m |
| JPMORGAN CHASE & CO | Added | +1.7m |
| FMR LLC | Added | +1.6m |
| B. Metzler seel. Sohn & Co. AG | Added | +1.6m |
Biggest sellers
| Capital World Investors | Reduced | -6.6m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -2.3m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -2.1m |
| D. E. Shaw & Co., Inc. | Reduced | -1.3m |
| Assenagon Asset Management S.A. | Reduced | -1.3m |
| Point72 Asset Management, L.P. | Reduced | -1.2m |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -1.2m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.2m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.1m |
| NORGES BANK | Reduced | -998.2k |
Biggest calls
| Governors Lane LP | Reduced | $44.8m777.5k shares |
| CITADEL ADVISORS LLC | Added | $34.1m591.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $29.3m507.6k shares |
| SIMPLEX TRADING, LLC | Added | $17.9m310.4k shares |
| JANE STREET GROUP, LLC | Added | $14.8m256.8k shares |
| Twin Tree Management, LP | New | $11.6m201.9k shares |
| GROUP ONE TRADING LLC | Reduced | $10.5m182.7k shares |
| Walleye Trading LLC | Added | $10.4m180.1k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $9.8m170.5k shares |
| Walleye Capital LLC | Added | $7.0m120.9k shares |
Biggest puts
| BANK OF MONTREAL /CAN/ | New | $44.4m765.3k shares |
| CITADEL ADVISORS LLC | Added | $28.3m491.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $15.4m267.9k shares |
| Walleye Trading LLC | Added | $7.2m124.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $6.0m103.2k shares |
| JANE STREET GROUP, LLC | Added | $4.4m76.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $4.1m71.9k shares |
| D. E. Shaw & Co., Inc. | Added | $3.9m67.9k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $3.8m65.3k shares |
| Walleye Capital LLC | Reduced | $2.3m39.9k 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 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 | — | 0 | — | — |
| Q3 2022 | 0 | — | 1 | $627.9k | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 1 | $2.4m | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 1 | $105.9k | 0 | — | — |
| Q4 2023 | 4 | $279.5k | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.09% of their portfolio | 79.8m $4.6bn | Reduced -493.2k |
| BlackRock Inc. 0.07% of their portfolio | 53.6m $3.1bn | Reduced -310.2k |
| MORGAN STANLEY 0.06% of their portfolio | 38.5m $2.2bn | Added +21.1m |
| STATE STREET CORP 0.08% of their portfolio | 32.4m $1.9bn | Reduced -109.5k |
| Capital International Investors 0.31% of their portfolio | 26.4m $1.5bn | Added +678.7k |
| Aristotle Capital Management, LLC 2.65% of their portfolio | 24.7m $1.4bn | Reduced -599.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 15.9m $914.6m | Added +446.5k |
| Independent Franchise Partners LLP 6.88% of their portfolio | 14.4m $831.8m | Added +2.1m |
| Nuveen Asset Management, LLC 0.23% of their portfolio | 13.5m $776.1m | Added +755.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.22% of their portfolio | 13.0m $750.8m | Reduced -217.3k |
| HARRIS ASSOCIATES L P 1.19% of their portfolio | 12.7m $733.9m | Added +3.7m |
| NORTHERN TRUST CORP 0.12% of their portfolio | 12.1m $697.8m | Reduced -715.3k |
| FRANKLIN RESOURCES INC 0.21% of their portfolio | 11.3m $654.0m | Added +11.0m |
| JANUS HENDERSON GROUP PLC 0.33% of their portfolio | 10.6m $612.1m | Reduced -251.1k |
| FMR LLC 0.04% of their portfolio | 9.9m $570.0m | Added +1.6m |
| VAN ECK ASSOCIATES CORP 0.80% of their portfolio | 9.1m $527.4m | Added +617.0k |
| Invesco Ltd. 0.10% of their portfolio | 8.2m $473.0m | Reduced -70.7k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.40% of their portfolio | 7.6m $440.3m | Unchanged |
| WCM INVESTMENT MANAGEMENT, LLC 0.99% of their portfolio | 7.2m $416.3m | Added +116.3k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 7.1m $410.3m | Added +719.6k |
| GLENVIEW CAPITAL MANAGEMENT, LLC 7.63% of their portfolio | 6.8m $391.4m | Added +2.1m |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 6.6m $379.6m | Added +1.7m |
| Legal & General Group Plc 0.09% of their portfolio | 5.6m $323.6m | Added +69.1k |
| Bank of New York Mellon Corp 0.06% of their portfolio | 5.3m $307.3m | Reduced -590.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.16% of their portfolio | 4.6m $264.3m | Added +725.9k |
| NORGES BANK 0.04% of their portfolio | 4.5m $261.7m | Reduced -998.2k |
| EMINENCE CAPITAL, LP 4.69% of their portfolio | 4.4m $255.5m | Added +633.5k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 4.4m $255.2m | Added +77.0k |
| WELLS FARGO & COMPANY/MN 0.07% of their portfolio | 4.3m $250.8m | Added +142.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio | 4.3m $250.2m | Added +141.2k |
| DUPONT CAPITAL MANAGEMENT CORP 20.33% of their portfolio | 4.3m $245.7m | Unchanged |
| Boston Partners 0.27% of their portfolio | 4.0m $229.3m | Reduced -515.7k |
| Amundi 0.08% of their portfolio | 3.5m $190.4m | Added +1.9m |
| ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio | 3.4m $198.1m | Added +1.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 3.3m $189.3m | Added +368.8k |
| DEUTSCHE BANK AG\ 0.08% of their portfolio | 3.2m $182.2m | Reduced -263.7k |
| FIL Ltd 0.16% of their portfolio | 2.7m $156.5m | Reduced -144.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.11% of their portfolio | 2.7m $155.0m | Reduced -72.4k |
| BRANDES INVESTMENT PARTNERS, LP 1.93% of their portfolio | 2.6m $150.1m | Added +670.5k |
| BARCLAYS PLC 0.07% of their portfolio | 2.5m $146.3m | Reduced -567.9k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 2.5m $145.8m | Reduced -142.6k |
| BESSEMER GROUP INC 0.22% of their portfolio | 2.2m $124.4m | Reduced -180.5k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 2.1m $123.8m | Reduced -1.2m |
| Swiss National Bank 0.09% of their portfolio | 2.1m $121.7m | Reduced -109.0k |
| M&T Bank Corp 0.42% of their portfolio | 2.1m $120.0m | Reduced -30.0k |
| Balyasny Asset Management L.P. 0.29% of their portfolio | 2.0m $113.4m | Added +1.8m |
| UBS Group AG 0.04% of their portfolio | 2.0m $112.6m | Added +212.5k |
| National Pension Service 0.13% of their portfolio | 1.9m $110.9m | Added +75.2k |
| CITIGROUP INC 0.11% of their portfolio | 1.7m $100.4m | Added +292.0k |
| CITADEL ADVISORS LLC 0.09% of their portfolio | 1.7m $98.1m | Reduced -991.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.09% of their portfolio | 1.7m $96.1m | Reduced -90.5k |
| B. Metzler seel. Sohn & Co. AG 1.02% of their portfolio | 1.7m $92.5m | Added +1.6m |
| PRIMECAP MANAGEMENT CO/CA/ 0.07% of their portfolio | 1.6m $92.5m | Reduced -21.8k |
| Bristol Gate Capital Partners Inc. 4.17% of their portfolio | 1.5m $88.8m | Added +29.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.09% of their portfolio | 1.5m $88.0m | Added +713.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 1.5m $85.6m | Added +217.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.11% of their portfolio | 1.5m $84.8m | Added +86.9k |
| EAGLE ASSET MANAGEMENT INC 0.43% of their portfolio | 1.5m $83.7m | Added +257.4k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 1.3m $77.7m | Reduced -27.4k |
| FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT, INC 7.71% of their portfolio | 1.3m $75.5m | Added +1 |
| California Public Employees Retirement System 0.05% of their portfolio | 1.3m $73.6m | Reduced -46.3k |
| SEI INVESTMENTS CO 0.10% of their portfolio | 1.2m $71.0m | Added +64.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.09% of their portfolio | 1.2m $68.1m | Added +41.3k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 1.2m $67.0m | Added +116.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.23% of their portfolio | 1.1m $63.3m | Added +45.9k |
| Artemis Investment Management LLP 0.82% of their portfolio | 1.1m $63.2m | New |
| Hardman Johnston Global Advisors LLC 2.09% of their portfolio | 1.1m $60.7m | Added +376.6k |
| STOREBRAND ASSET MANAGEMENT AS 0.20% of their portfolio | 1.0m $60.1m | Added +23.6k |
| NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio | 1.0m $58.6m | Added +26.8k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 993.6k $57.7m | Reduced -57.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 983.9k $56.7m | Added +4.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.08% of their portfolio | 948.1k $54.7m | Added +121.8k |
| Thrivent Financial for Lutherans 0.10% of their portfolio | 890.5k $51.4m | Added +856.8k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 887.2k $51.2m | Added +51.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.12% of their portfolio | 851.7k $51.4m | Added +44.5k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.42% of their portfolio | 829.6k $47.8m | New |
| Amova Asset Management Americas, Inc. 0.46% of their portfolio | 798.0k $46.0m | Reduced -31.4k |
| PNC Financial Services Group, Inc. 0.03% of their portfolio | 788.5k $45.5m | Reduced -9.0k |
| PGGM Investments 0.64% of their portfolio | 763.0k $44.0m | Unchanged |
| TRUIST FINANCIAL CORP 0.07% of their portfolio | 756.4k $43.6m | Reduced -47.2k |
| CANADA LIFE ASSURANCE Co 0.09% of their portfolio | 737.0k $42.5m | Reduced -420.0k |
| CAMBIAR INVESTORS LLC 1.53% of their portfolio | 710.1k $40.9m | Added +47.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.07% of their portfolio | 688.3k $39.7m | Added +3.8k |
| ZWJ INVESTMENT COUNSEL INC 1.81% of their portfolio | 687.4k $39.6m | Added +85.2k |
| NATIXIS ADVISORS, LLC 0.09% of their portfolio | 662.5k $38.2m | Added +165.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 651.4k $37.6m | Reduced -8.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 633.1k $36.5m | Added +272.5k |
| Bronte Capital Management Pty Ltd. 2.96% of their portfolio | 617.2k $35.6m | Added +4.6k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 608.8k $35.1m | Reduced -1.3m |
| TWINBEECH CAPITAL LP 0.71% of their portfolio | 600.5k $34.6m | Reduced -27.2k |
| TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio | 599.1k $34.5m | Reduced -1.1m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 588.9k $34.0m | Reduced -21.3k |
| Twin Tree Management, LP 0.76% of their portfolio | 580.4k $33.5m | Added +420.7k |
| STALEY CAPITAL ADVISERS INC 1.49% of their portfolio | 554.9k $32.0m | Added +5.2k |
| WS MANAGEMENT LLLP 2.91% of their portfolio | 550.0k $31.7m | Reduced -139.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.08% of their portfolio | 546.2k $31.5m | Reduced -100.0k |
| CREDIT SUISSE AG/ 0.03% of their portfolio | 543.2k $31.3m | Reduced -41.5k |
| PRUDENTIAL FINANCIAL INC 0.04% of their portfolio | 536.6k $30.9m | Reduced -51.4k |
| FACTORY MUTUAL INSURANCE CO 0.35% of their portfolio | 532.6k $30.7m | Unchanged |
| RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio | 513.4k $29.6m | Added +145.6k |