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 ($191.3m this quarter). Holder counts are more reliable. Shares outstanding: 692.2m as of 2024-07-25, 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 ≈ $53.92. Options: 24 managers hold calls ($160.1m notional), 20 hold puts ($52.9m).
Trends to Q2 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 |
| Q2 2024 | 1,242 |
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 |
| Q2 2024 | 511 | 556 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $85.6m | $41.9m | 0.49 |
| Q4 2023 | $194.5m | $66.4m | 0.34 |
| Q1 2024 | $215.6m | $126.4m | 0.59 |
| Q2 2024 | $160.1m | $52.9m | 0.33 |
Biggest buyers
| Anomaly Capital Management, LP | New | +3.5m |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | Added | +3.3m |
| FRANKLIN RESOURCES INC | Added | +2.6m |
| JPMORGAN CHASE & CO | Added | +2.1m |
| Invesco Ltd. | Added | +1.8m |
| GOLDMAN SACHS GROUP INC | Added | +1.6m |
| Bank of New York Mellon Corp | Added | +1.5m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.4m |
| HARRIS ASSOCIATES L P | Added | +1.4m |
| PANAGORA ASSET MANAGEMENT INC | Added | +1.1m |
Biggest sellers
| MORGAN STANLEY | Reduced | -30.3m |
| Capital International Investors | Reduced | -6.4m |
| Independent Franchise Partners LLP | Reduced | -3.3m |
| Balyasny Asset Management L.P. | Sold out | -2.0m |
| GLENVIEW CAPITAL MANAGEMENT, LLC | Reduced | -1.7m |
| CITADEL ADVISORS LLC | Reduced | -1.7m |
| VANGUARD GROUP INC | Reduced | -1.5m |
| EMINENCE CAPITAL, LP | Reduced | -1.3m |
| Amundi | Reduced | -1.0m |
| Aristotle Capital Management, LLC | Reduced | -647.8k |
Biggest calls
| Governors Lane LP | Added | $44.9m832.5k shares |
| CITADEL ADVISORS LLC | Reduced | $23.3m431.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $22.9m425.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $11.2m208.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $9.3m171.5k shares |
| GROUP ONE TRADING LLC | Reduced | $7.3m135.7k shares |
| NOMURA HOLDINGS INC | New | $6.5m119.8k shares |
| CITIGROUP INC | New | $6.0m111.8k shares |
| Walleye Capital LLC | Reduced | $5.1m94.4k shares |
| Walleye Trading LLC | Reduced | $4.8m89.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $10.9m202.2k shares |
| CITADEL ADVISORS LLC | Reduced | $9.3m171.6k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $9.2m169.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.6m85.5k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $3.7m69.5k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $3.7m67.9k shares |
| Walleye Trading LLC | Reduced | $3.1m56.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $2.3m42.2k shares |
| WOLVERINE TRADING, LLC | Added | $1.2m21.4k shares |
| Cubist Systematic Strategies, LLC | Unchanged | $1.1m20.7k 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 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2024 | 0 | — | 3 | $4.8m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-05-14 | FUERER CORNEL B SVP, Gen Counsel and Secretary | Sold | $2.3m39.7k shares |
| 2024-05-09 | Eathington Samuel R Officer | Sold | $1.8m31.7k shares |
| 2024-05-06 | TITUS BRIAN Officer | Sold | $687.3k12.1k 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, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.08% of their portfolio | 78.4m $4.2bn | Reduced -1.5m |
| BlackRock Inc. 0.07% of their portfolio | 53.7m $2.9bn | Added +73.0k |
| STATE STREET CORP 0.08% of their portfolio | 33.5m $1.8bn | Added +1.1m |
| Aristotle Capital Management, LLC 2.51% of their portfolio | 24.1m $1.3bn | Reduced -647.8k |
| Capital International Investors 0.22% of their portfolio | 20.1m $1.1bn | Reduced -6.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 17.3m $933.4m | Added +1.4m |
| Nuveen Asset Management, LLC 0.23% of their portfolio | 14.4m $776.8m | Added +940.5k |
| HARRIS ASSOCIATES L P 1.29% of their portfolio | 14.2m $763.9m | Added +1.4m |
| FRANKLIN RESOURCES INC 0.23% of their portfolio | 13.9m $751.5m | Added +2.6m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.22% of their portfolio | 13.0m $702.5m | Added +5.3k |
| NORTHERN TRUST CORP 0.11% of their portfolio | 11.8m $634.4m | Reduced -339.3k |
| JANUS HENDERSON GROUP PLC 0.33% of their portfolio | 11.5m $619.4m | Added +868.9k |
| Independent Franchise Partners LLP 5.52% of their portfolio | 11.1m $599.7m | Reduced -3.3m |
| FMR LLC 0.04% of their portfolio | 10.5m $568.8m | Added +660.5k |
| Invesco Ltd. 0.11% of their portfolio | 10.0m $538.6m | Added +1.8m |
| VAN ECK ASSOCIATES CORP 0.67% of their portfolio | 8.7m $468.7m | Reduced -456.5k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 8.6m $465.7m | Added +2.1m |
| MORGAN STANLEY 0.03% of their portfolio | 8.2m $443.1m | Reduced -30.3m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.37% of their portfolio | 7.6m $411.8m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 7.6m $408.3m | Added +454.1k |
| WCM INVESTMENT MANAGEMENT, LLC 0.89% of their portfolio | 7.0m $376.5m | Reduced -201.0k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 6.8m $369.1m | Added +1.5m |
| Legal & General Group Plc 0.08% of their portfolio | 5.5m $295.9m | Reduced -125.2k |
| GLENVIEW CAPITAL MANAGEMENT, LLC 5.80% of their portfolio | 5.1m $273.6m | Reduced -1.7m |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 4.6m $250.8m | Added +224.4k |
| NORGES BANK 0.04% of their portfolio | 4.6m $248.7m | Added +72.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.15% of their portfolio | 4.6m $246.6m | Reduced -10.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 4.5m $240.5m | Added +119.5k |
| ALLIANCEBERNSTEIN L.P. 0.08% of their portfolio | 4.5m $240.2m | Added +1.0m |
| WELLS FARGO & COMPANY/MN 0.06% of their portfolio | 4.4m $236.3m | Added +33.1k |
| DUPONT CAPITAL MANAGEMENT CORP 20.00% of their portfolio | 4.3m $229.8m | Unchanged |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 2.03% of their portfolio | 4.1m $220.3m | Added +3.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 4.0m $217.1m | Added +741.7k |
| Boston Partners 0.26% of their portfolio | 3.9m $211.5m | Reduced -55.9k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 3.7m $199.7m | Added +1.6m |
| Anomaly Capital Management, LP 7.18% of their portfolio | 3.5m $188.6m | New |
| BARCLAYS PLC 0.08% of their portfolio | 3.4m $182.2m | Added +841.0k |
| EMINENCE CAPITAL, LP 2.73% of their portfolio | 3.1m $169.5m | Reduced -1.3m |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 3.1m $165.6m | Reduced -88.8k |
| BRANDES INVESTMENT PARTNERS, LP 1.90% of their portfolio | 2.9m $154.7m | Added +265.4k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 2.8m $152.1m | Added +291.2k |
| FIL Ltd 0.14% of their portfolio | 2.6m $141.8m | Reduced -84.9k |
| Amundi 0.05% of their portfolio | 2.5m $131.8m | Reduced -1.0m |
| Sumitomo Mitsui Trust Group, Inc. 0.10% of their portfolio | 2.5m $134.0m | Reduced -203.3k |
| UBS Group AG 0.04% of their portfolio | 2.3m $122.9m | Added +326.6k |
| BESSEMER GROUP INC 0.20% of their portfolio | 2.1m $115.1m | Reduced -24.3k |
| Swiss National Bank 0.08% of their portfolio | 2.1m $111.6m | Reduced -41.2k |
| M&T Bank Corp 0.38% of their portfolio | 2.1m $111.2m | Reduced -20.0k |
| CITIGROUP INC 0.10% of their portfolio | 2.0m $106.6m | Added +236.0k |
| National Pension Service 0.12% of their portfolio | 1.9m $104.6m | Added +15.3k |
| Bristol Gate Capital Partners Inc. 4.73% of their portfolio | 1.8m $95.4m | Added +228.5k |
| B. Metzler seel. Sohn & Co. AG 0.88% of their portfolio | 1.7m $91.6m | Added +32.6k |
| NATIXIS ADVISORS, LLC 0.20% of their portfolio | 1.7m $91.4m | Added +1.0m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.11% of their portfolio | 1.6m $86.7m | Added +137.3k |
| PRIMECAP MANAGEMENT CO/CA/ 0.06% of their portfolio | 1.6m $85.6m | Reduced -16.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 1.6m $85.5m | Added +102.0k |
| Clearbridge Investments, LLC 0.06% of their portfolio | 1.4m $77.9m | Added +557.6k |
| EAGLE ASSET MANAGEMENT INC 0.39% of their portfolio | 1.4m $73.4m | Reduced -67.7k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 1.3m $72.2m | Reduced -8.5k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 1.3m $70.9m | Added +150.0k |
| FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT, INC 7.22% of their portfolio | 1.3m $70.6m | Reduced -40 |
| PANAGORA ASSET MANAGEMENT INC 0.35% of their portfolio | 1.3m $70.2m | Added +1.1m |
| SEI INVESTMENTS CO 0.10% of their portfolio | 1.3m $68.7m | Added +41.7k |
| Artemis Investment Management LLP 0.90% of their portfolio | 1.2m $67.0m | Added +144.6k |
| California Public Employees Retirement System 0.05% of their portfolio | 1.2m $66.6m | Reduced -42.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.08% of their portfolio | 1.2m $63.5m | Reduced -4.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio | 1.2m $62.2m | Reduced -514.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio | 1.1m $61.5m | Reduced -386.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.20% of their portfolio | 1.1m $59.9m | Added +11.7k |
| NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio | 1.1m $58.5m | Added +68.3k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 1.1m $58.0m | Added +80.8k |
| STOREBRAND ASSET MANAGEMENT AS 0.18% of their portfolio | 1.0m $54.4m | Reduced -33.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.0m $54.3m | Added +23.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 949.2k $51.2m | Added +1.1k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 925.7k $49.9m | Added +643.0k |
| Thrivent Financial for Lutherans 0.10% of their portfolio | 883.4k $47.6m | Reduced -7.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio | 794.6k $42.9m | Reduced -57.1k |
| PNC Financial Services Group, Inc. 0.03% of their portfolio | 766.7k $41.4m | Reduced -21.8k |
| PGGM Investments 0.59% of their portfolio | 763.0k $41.2m | Unchanged |
| Hardman Johnston Global Advisors LLC 1.50% of their portfolio | 720.3k $38.9m | Reduced -331.9k |
| CAMBIAR INVESTORS LLC 1.50% of their portfolio | 709.0k $38.2m | Reduced -1.1k |
| ZWJ INVESTMENT COUNSEL INC 1.68% of their portfolio | 708.2k $38.2m | Added +20.8k |
| CANADA LIFE ASSURANCE Co 0.07% of their portfolio | 686.9k $37.1m | Reduced -50.1k |
| Amova Asset Management Americas, Inc. 0.42% of their portfolio | 674.9k $36.4m | Reduced -123.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.07% of their portfolio | 668.5k $36.1m | Reduced -19.8k |
| TRUIST FINANCIAL CORP 0.05% of their portfolio | 658.0k $35.5m | Reduced -98.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 613.8k $33.1m | Reduced -37.7k |
| FACTORY MUTUAL INSURANCE CO 0.37% of their portfolio | 609.6k $32.9m | Added +77.0k |
| Bronte Capital Management Pty Ltd. 2.51% of their portfolio | 593.3k $32.0m | Reduced -23.9k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.71% of their portfolio | 572.9k $30.9m | New |
| STALEY CAPITAL ADVISERS INC 1.38% of their portfolio | 554.6k $29.9m | Reduced -250 |
| WS MANAGEMENT LLLP 2.78% of their portfolio | 550.0k $29.7m | Unchanged |
| Albar Capital Ltd 4.28% of their portfolio | 520.6k $28.1m | Added +259.4k |
| LPL Financial LLC 0.01% of their portfolio | 506.7k $27.3m | Added +10.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.07% of their portfolio | 504.3k $27.2m | Reduced -41.9k |
| Natixis Investment Managers International 2.02% of their portfolio | 501.0k $27.0m | Added +481.3k |
| Man Group plc 0.07% of their portfolio | 499.7k $27.0m | Added +98.8k |
| MACKENZIE FINANCIAL CORP 0.04% of their portfolio | 483.7k $26.1m | Added +1.7k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 478.9k $25.8m | Reduced -14.8k |
| PRUDENTIAL FINANCIAL INC 0.04% of their portfolio | 471.0k $25.4m | Reduced -65.7k |