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 ($165.7m this quarter). Holder counts are more reliable. Shares outstanding: 685.6m as of 2025-02-07, 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 ≈ $56.95. Options: 20 managers hold calls ($77.6m notional), 22 hold puts ($56.8m).
Trends to Q4 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 |
| Q3 2024 | 1,232 |
| Q4 2024 | 1,302 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 491 | 580 |
| Q2 2023 | 508 | 563 |
| Q3 2023 | 450 | 624 |
| Q4 2023 | 443 | 619 |
| Q1 2024 | 568 | 546 |
| Q2 2024 | 511 | 556 |
| Q3 2024 | 498 | 577 |
| Q4 2024 | 540 | 518 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $215.6m | $126.4m | 0.59 |
| Q2 2024 | $160.1m | $52.9m | 0.33 |
| Q3 2024 | $78.3m | $60.3m | 0.77 |
| Q4 2024 | $77.6m | $56.8m | 0.73 |
Biggest buyers
| Capital World Investors | Added | +12.4m |
| Independent Franchise Partners LLP | Added | +5.6m |
| CITADEL ADVISORS LLC | Added | +1.4m |
| UBS Group AG | Added | +1.4m |
| FRANKLIN RESOURCES INC | Added | +1.4m |
| MACKENZIE FINANCIAL CORP | Added | +1.2m |
| B. Metzler seel. Sohn & Co. AG | Added | +1.2m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +967.1k |
| BESSEMER GROUP INC | Added | +956.8k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -6.0m |
| Nuveen Asset Management, LLC | Reduced | -3.5m |
| GLENVIEW CAPITAL MANAGEMENT, LLC | Reduced | -3.2m |
| Boston Partners | Reduced | -2.4m |
| DUPONT CAPITAL MANAGEMENT CORP | Reduced | -1.9m |
| FMR LLC | Reduced | -1.4m |
| Capital International Investors | Reduced | -1.3m |
| National Pension Service | Reduced | -1.2m |
| JANUS HENDERSON GROUP PLC | Reduced | -1.1m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.1m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $17.4m305.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $14.9m262.1k shares |
| NOMURA HOLDINGS INC | Added | $11.7m205.8k shares |
| SIMPLEX TRADING, LLC | Added | $6.7m118.1k shares |
| GROUP ONE TRADING LLC | Reduced | $6.3m110.5k shares |
| PEAK6 LLC | First filing | $5.0m88.3k shares |
| Walleye Trading LLC | Added | $4.2m74.3k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $2.8m49.0k shares |
| WOLVERINE TRADING, LLC | Added | $1.5m26.7k shares |
| JANE STREET GROUP, LLC | Reduced | $1.3m23.3k shares |
Biggest puts
| MILLENNIUM MANAGEMENT LLC | Added | $13.0m228.8k shares |
| PEAK6 LLC | First filing | $10.9m191.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $7.4m129.2k shares |
| CITADEL ADVISORS LLC | Added | $6.3m111.0k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $3.5m62.0k shares |
| Walleye Trading LLC | Reduced | $3.5m61.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.6m45.0k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $2.2m37.9k shares |
| Walleye Capital LLC | Reduced | $1.2m21.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.1m20.2k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $2.4m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-11-26 | FUERER CORNEL B SVP, Gen Counsel and Secretary | Sold | $2.4m37.7k 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.08% of their portfolio | 79.2m $4.5bn | Added +646.5k |
| BlackRock, Inc. 0.06% of their portfolio | 52.1m $3.0bn | Reduced -968.8k |
| STATE STREET CORP 0.08% of their portfolio | 34.0m $1.9bn | Reduced -304.0k |
| Capital International Investors 0.25% of their portfolio | 23.5m $1.3bn | Reduced -1.3m |
| Aristotle Capital Management, LLC 2.56% of their portfolio | 23.4m $1.3bn | Reduced -359.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 17.4m $987.6m | Reduced -320.8k |
| Independent Franchise Partners LLP 7.05% of their portfolio | 16.5m $939.6m | Added +5.6m |
| FRANKLIN RESOURCES INC 0.26% of their portfolio | 16.1m $919.5m | Added +1.4m |
| HARRIS ASSOCIATES L P 1.04% of their portfolio | 13.9m $793.4m | Reduced -433.7k |
| Capital World Investors 0.11% of their portfolio | 12.8m $729.8m | Added +12.4m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.23% of their portfolio | 12.6m $716.3m | Reduced -445.9k |
| NORTHERN TRUST CORP 0.09% of their portfolio | 11.6m $663.5m | Added +608.9k |
| Invesco Ltd. 0.12% of their portfolio | 11.1m $630.8m | Added +264.5k |
| Nuveen Asset Management, LLC 0.17% of their portfolio | 10.6m $605.8m | Reduced -3.5m |
| JANUS HENDERSON GROUP PLC 0.29% of their portfolio | 10.1m $572.5m | Reduced -1.1m |
| VAN ECK ASSOCIATES CORP 0.69% of their portfolio | 9.4m $537.0m | Added +525.5k |
| FMR LLC 0.03% of their portfolio | 9.3m $531.3m | Reduced -1.4m |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.40% of their portfolio | 7.6m $434.9m | Unchanged |
| MORGAN STANLEY 0.03% of their portfolio | 7.6m $434.2m | Reduced -146.5k |
| WCM INVESTMENT MANAGEMENT, LLC 0.92% of their portfolio | 6.9m $389.1m | Reduced -42.4k |
| WELLS FARGO & COMPANY/MN 0.09% of their portfolio | 6.7m $378.9m | Reduced -54.1k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 6.6m $375.4m | Reduced -718.9k |
| Bank of New York Mellon Corp 0.06% of their portfolio | 5.4m $305.5m | Reduced -300.0k |
| Legal & General Group Plc 0.08% of their portfolio | 5.3m $300.4m | Reduced -156.9k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 4.8m $273.1m | Added +102.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 4.7m $267.2m | Added +167.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.14% of their portfolio | 4.5m $256.4m | Reduced -58.3k |
| NORGES BANK 0.03% of their portfolio | 4.4m $251.9m | Added +329.8k |
| ALLIANCEBERNSTEIN L.P. 0.08% of their portfolio | 4.3m $245.1m | Reduced -318.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 4.1m $233.0m | Added +214.3k |
| DEUTSCHE BANK AG\ 0.09% of their portfolio | 4.1m $230.8m | Added +703.8k |
| UBS Group AG 0.05% of their portfolio | 3.6m $206.3m | Added +1.4m |
| Anomaly Capital Management, LP 6.00% of their portfolio | 3.6m $203.0m | Reduced -744.1k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.2m $184.5m | Reduced -6.0m |
| BESSEMER GROUP INC 0.29% of their portfolio | 3.1m $176.1m | Added +956.8k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 3.0m $170.1m | Added +348.6k |
| BRANDES INVESTMENT PARTNERS, LP 1.85% of their portfolio | 2.9m $165.9m | Reduced -42.7k |
| B. Metzler seel. Sohn & Co. AG 1.68% of their portfolio | 2.9m $163.2m | Added +1.2m |
| RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio | 2.8m $161.1m | First filing |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 1.45% of their portfolio | 2.7m $155.6m | Reduced -169.5k |
| FIL Ltd 0.14% of their portfolio | 2.7m $152.2m | Added +51.8k |
| EMINENCE CAPITAL, LP 2.06% of their portfolio | 2.4m $134.7m | Reduced -799.8k |
| DUPONT CAPITAL MANAGEMENT CORP 12.27% of their portfolio | 2.3m $131.6m | Reduced -1.9m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 2.2m $126.3m | Reduced -1.1m |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 2.2m $126.2m | Added +597.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 2.2m $122.7m | Reduced -274.1k |
| CITIGROUP INC 0.12% of their portfolio | 2.1m $120.0m | Added +318.7k |
| GLENVIEW CAPITAL MANAGEMENT, LLC 2.96% of their portfolio | 2.1m $117.1m | Reduced -3.2m |
| M&T Bank Corp 0.39% of their portfolio | 2.1m $116.9m | Reduced -24.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 2.0m $111.7m | Added +967.1k |
| Swiss National Bank 0.07% of their portfolio | 2.0m $111.4m | Reduced -113.0k |
| BARCLAYS PLC 0.05% of their portfolio | 1.8m $104.3m | Reduced -270.1k |
| Clearbridge Investments, LLC 0.08% of their portfolio | 1.8m $100.6m | Added +141.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.12% of their portfolio | 1.7m $99.5m | Added +13.6k |
| Bristol Gate Capital Partners Inc. 4.78% of their portfolio | 1.7m $98.1m | Reduced -35.4k |
| NATIXIS ADVISORS, LLC 0.18% of their portfolio | 1.7m $96.7m | Added +70.4k |
| MACKENZIE FINANCIAL CORP 0.04% of their portfolio | 1.7m $91.8m | Added +1.2m |
| SEI INVESTMENTS CO 0.11% of their portfolio | 1.5m $85.0m | Added +13.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 1.5m $83.2m | Added +526.1k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 1.4m $79.2m | Reduced -6.5k |
| PRIMECAP MANAGEMENT CO/CA/ 0.06% of their portfolio | 1.4m $78.7m | Reduced -195.7k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 1.4m $78.6m | Added +1.0m |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 1.4m $78.1m | Added +1.4m |
| Amundi 0.03% of their portfolio | 1.4m $77.3m | Reduced -556.9k |
| FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT, INC 7.62% of their portfolio | 1.3m $72.7m | Reduced -32.6k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 1.3m $72.3m | Reduced -13.3k |
| SCOPIA CAPITAL MANAGEMENT LP 7.32% of their portfolio | 1.2m $69.2m | Added +724.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio | 1.2m $68.8m | Reduced -340.9k |
| California Public Employees Retirement System 0.04% of their portfolio | 1.2m $66.0m | Reduced -52.6k |
| NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio | 1.1m $64.1m | Added +19.0k |
| KBC Group NV 0.18% of their portfolio | 1.1m $63.9m | Added +1.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 1.1m $61.6m | Added +77.2k |
| Artemis Investment Management LLP 0.85% of their portfolio | 1.0m $59.6m | Added +161.5k |
| Thrivent Financial for Lutherans 0.11% of their portfolio | 1.0m $59.2m | Added +14.3k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 987.6k $56.3m | Reduced -13.6k |
| CANADA LIFE ASSURANCE Co 0.10% of their portfolio | 977.1k $55.6m | Added +267.3k |
| STOREBRAND ASSET MANAGEMENT AS 0.16% of their portfolio | 947.3k $54.0m | Reduced -55.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.07% of their portfolio | 937.6k $53.4m | Reduced -163.2k |
| Boston Partners 0.06% of their portfolio | 936.7k $53.4m | Reduced -2.4m |
| National Pension Service 0.05% of their portfolio | 908.9k $51.8m | Reduced -1.2m |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.16% of their portfolio | 878.1k $50.0m | Reduced -112.6k |
| Hardman Johnston Global Advisors LLC 1.95% of their portfolio | 831.5k $47.4m | Added +142.0k |
| Ruffer LLP 1.62% of their portfolio | 785.9k $44.8m | Reduced -119.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.08% of their portfolio | 767.1k $43.7m | Added +114.6k |
| PGGM Investments 0.58% of their portfolio | 763.0k $43.5m | Unchanged |
| ZWJ INVESTMENT COUNSEL INC 1.74% of their portfolio | 740.5k $42.2m | Added +15.5k |
| CAMBIAR INVESTORS LLC 1.66% of their portfolio | 735.2k $41.9m | Added +32.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio | 729.8k $41.6m | Reduced -34.5k |
| PNC Financial Services Group, Inc. 0.03% of their portfolio | 729.5k $41.6m | Reduced -14.2k |
| Swedbank AB 0.05% of their portfolio | 695.6k $39.6m | Added +237.8k |
| Holocene Advisors, LP 0.13% of their portfolio | 693.7k $39.5m | Added +610.0k |
| PANAGORA ASSET MANAGEMENT INC 0.18% of their portfolio | 672.1k $38.3m | Reduced -449.5k |
| LPL Financial LLC 0.02% of their portfolio | 667.5k $38.0m | Added +129.8k |
| FACTORY MUTUAL INSURANCE CO 0.41% of their portfolio | 663.1k $37.8m | Unchanged |
| Capital International, Inc./CA/ 0.44% of their portfolio | 654.1k $37.3m | Added +201.3k |
| Albar Capital Partners LLP 8.81% of their portfolio | 643.8k $36.7m | First filing |
| ANCHOR CAPITAL ADVISORS LLC 1.02% of their portfolio | 629.2k $35.8m | Added +437.8k |
| Korea Investment CORP 0.08% of their portfolio | 610.7k $34.8m | Added +105.0k |
| STIFEL FINANCIAL CORP 0.04% of their portfolio | 595.9k $33.9m | Added +228.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 580.4k $33.1m | Reduced -698.8k |