DANAHER CORPORATION DHR
COM · Common Stock · CUSIP 235851102 · ISIN US2358511028
American conglomerate
- SectorTechnology
- IndustryIndustrial Instruments For Measurement, Display, and Control
- HeadquartersWashington, DC
- Founded1981
- Websitedanaher.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 ($510.2m this quarter). Holder counts are more reliable. Shares outstanding: 703.0m as of 2026-07-16, 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 ≈ $190.53. Options: 43 managers hold calls ($834.9m notional), 33 hold puts ($523.9m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,032 |
| Q4 2022 | 2,118 |
| Q1 2023 | 2,080 |
| Q2 2023 | 2,072 |
| Q3 2023 | 2,095 |
| Q4 2023 | 2,133 |
| Q1 2024 | 2,199 |
| Q2 2024 | 2,181 |
| Q3 2024 | 2,279 |
| Q4 2024 | 2,316 |
| Q1 2025 | 2,223 |
| Q2 2025 | 2,176 |
| Q3 2025 | 2,148 |
| Q4 2025 | 2,310 |
| Q1 2026 | 2,180 |
| Q2 2026 | 2,105 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 1,031 | 952 |
| Q4 2024 | 881 | 1,137 |
| Q1 2025 | 935 | 1,177 |
| Q2 2025 | 977 | 1,051 |
| Q3 2025 | 853 | 1,075 |
| Q4 2025 | 1,043 | 964 |
| Q1 2026 | 920 | 1,191 |
| Q2 2026 | 804 | 1,213 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.2bn | $694.8m | 0.58 |
| Q4 2025 | $1.2bn | $980.9m | 0.82 |
| Q1 2026 | $711.8m | $473.0m | 0.66 |
| Q2 2026 | $834.9m | $523.9m | 0.63 |
Biggest buyers
| FMR LLC | Added | +7.0m |
| BlackRock, Inc. | Added | +3.4m |
| T. Rowe Price Investment Management, Inc. | Added | +3.1m |
| EAGLE CAPITAL MANAGEMENT LLC | Added | +2.8m |
| MILLENNIUM MANAGEMENT LLC | Added | +2.0m |
| Capital Research Global Investors | Added | +1.9m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.5m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.5m |
| Capital International Investors | Added | +1.5m |
| Castle Hook Partners LP | Added | +1.2m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -4.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -3.9m |
| Aristotle Capital Management, LLC | Reduced | -3.5m |
| SG Americas Securities, LLC | Reduced | -2.5m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.4m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.0m |
| D. E. Shaw & Co., Inc. | Reduced | -1.0m |
| ROYAL BANK OF CANADA | Reduced | -905.7k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -881.3k |
| FRANKLIN RESOURCES INC | Reduced | -879.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $174.8m917.7k shares |
| JANE STREET GROUP, LLC | Added | $157.5m826.7k shares |
| CITADEL ADVISORS LLC | Added | $98.4m516.5k shares |
| Holocene Advisors, LP | New | $92.9m487.5k shares |
| Oribel Capital Management, LP | New | $51.1m268.5k shares |
| IMC-Chicago, LLC | Added | $45.6m239.3k shares |
| RIPOSTE CAPITAL LLC | New | $38.1m200.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $34.2m179.8k shares |
| JPMORGAN CHASE & CO | Added | $19.0m98.3k shares |
| Squarepoint Ops LLC | Added | $13.6m71.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $152.7m801.5k shares |
| CITADEL ADVISORS LLC | Added | $93.0m488.1k shares |
| JANE STREET GROUP, LLC | Added | $91.1m478.2k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $31.5m165.3k shares |
| IMC-Chicago, LLC | Added | $30.5m160.1k shares |
| Walleye Trading LLC | Added | $14.6m76.7k shares |
| UBS Group AG | Added | $14.6m76.4k shares |
| Allianz Asset Management GmbH | Added | $12.5m65.8k shares |
| SIMPLEX TRADING, LLC | Added | $12.3m64.6k shares |
| GOLDMAN SACHS GROUP INC | Added | $10.5m54.9k 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 | 6.7% |
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 since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 1 | $8.2m | — |
| Q1 2025 | 0 | — | 2 | $1.4m | — |
| Q2 2025 | 0 | — | 2 | $249.0m | — |
| Q3 2025 | 0 | — | 1 | $586.3k | — |
| Q4 2025 | 0 | — | 5 | $244.6m | — |
| Q1 2026 | 0 | — | 1 | $274.6k | — |
| Q2 2026 | 0 | — | 1 | $237.2k | — |
| Q3 2026 | 0 | — | 1 | $12.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-21 | Blair Rainer President & CEO, director · By Trust | Sold | $12.7m58.3k shares |
| 2026-05-01 | SPOON ALAN G Director | Sold | $237.2k1.4k 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.16% of their portfolio | 55.1m $10.5bn | Added +3.4m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.17% of their portfolio | 41.4m $7.9bn | Added +249.3k |
| FMR LLC 0.24% of their portfolio | 29.5m $5.6bn | Added +7.0m |
| STATE STREET CORP 0.16% of their portfolio | 28.5m $5.4bn | Added +561.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.54% of their portfolio | 16.3m $3.1bn | Added +1.5m |
| Capital International Investors 0.61% of their portfolio | 15.5m $3.0bn | Added +1.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.14% of their portfolio | 14.3m $2.7bn | Added +134.6k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.12% of their portfolio | 14.2m $2.7bn | Added +250.5k |
| JPMORGAN CHASE & CO 0.14% of their portfolio | 12.2m $2.3bn | Reduced -4.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.22% of their portfolio | 11.5m $2.2bn | Reduced -3.9m |
| MORGAN STANLEY 0.11% of their portfolio | 11.3m $2.2bn | Added +139.7k |
| Capital Research Global Investors 0.29% of their portfolio | 10.8m $2.1bn | Added +1.9m |
| NORGES BANK 0.18% of their portfolio | 9.5m $1.8bn | Not comparable |
| EAGLE CAPITAL MANAGEMENT LLC 5.45% of their portfolio | 9.4m $1.8bn | Added +2.8m |
| Jupiter Topco LLC 0.59% of their portfolio | 7.6m $1.5bn | First filing |
| NORTHERN TRUST CORP 0.15% of their portfolio | 6.9m $1.3bn | Reduced -155.5k |
| T. Rowe Price Investment Management, Inc. 0.86% of their portfolio | 6.9m $1.3bn | Added +3.1m |
| GENERATION INVESTMENT MANAGEMENT LLP 12.52% of their portfolio | 6.8m $1.3bn | Reduced -512.8k |
| GOLDMAN SACHS GROUP INC 0.11% of their portfolio | 5.4m $1.0bn | Added +755.6k |
| Nuveen, LLC 0.24% of their portfolio | 5.2m $998.6m | Reduced -92.1k |
| BANK OF AMERICA CORP /DE/ 0.06% of their portfolio | 5.2m $993.8m | Reduced -1.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.44% of their portfolio | 5.2m $983.5m | Added +1.5m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.13% of their portfolio | 5.1m $979.2m | Added +406.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.17% of their portfolio | 5.0m $954.7m | Reduced -213.6k |
| Fisher Asset Management, LLC 0.25% of their portfolio | 4.5m $854.3m | Reduced -121.7k |
| Legal & General Group Plc 0.17% of their portfolio | 4.2m $801.1m | Reduced -329.6k |
| Invesco Ltd. 0.06% of their portfolio | 4.0m $753.5m | Reduced -65.2k |
| FLOSSBACH VON STORCH SE 3.38% of their portfolio | 3.9m $747.3m | Reduced -72.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.24% of their portfolio | 3.9m $762.2m | Reduced -287.1k |
| Bank of New York Mellon Corp 0.12% of their portfolio | 3.7m $712.9m | Reduced -85.7k |
| FRANKLIN RESOURCES INC 0.15% of their portfolio | 3.7m $702.4m | Reduced -879.1k |
| PARNASSUS INVESTMENTS, LLC 1.87% of their portfolio | 3.7m $699.9m | Reduced -300.6k |
| Holocene Advisors, LP 1.57% of their portfolio | 3.6m $684.4m | Reduced -446.3k |
| VANGUARD FIDUCIARY TRUST CO 0.15% of their portfolio | 3.5m $674.8m | Reduced -4.7k |
| UBS Group AG 0.10% of their portfolio | 3.2m $617.8m | Added +694.4k |
| Amundi 0.13% of their portfolio | 2.9m $549.3m | Added +272.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.25% of their portfolio | 2.7m $507.5m | Reduced -216.6k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 2.7m $505.1m | Added +5.7k |
| AQR CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 2.6m $503.2m | Reduced -839.2k |
| BROWN ADVISORY INC 0.78% of their portfolio | 2.6m $500.7m | Reduced -298.1k |
| ROYAL BANK OF CANADA 0.08% of their portfolio | 2.4m $456.0m | Reduced -905.7k |
| DEUTSCHE BANK AG\ 0.13% of their portfolio | 2.3m $446.3m | Reduced -231.4k |
| AMERIPRISE FINANCIAL INC 0.09% of their portfolio | 2.3m $444.1m | Reduced -709.9k |
| FIL Ltd 0.32% of their portfolio | 2.3m $442.6m | Added +227.2k |
| D1 Capital Partners L.P. 1.25% of their portfolio | 2.3m $434.7m | Reduced -22.1k |
| FIRST MANHATTAN CO. LLC. 1.09% of their portfolio | 2.2m $429.1m | Reduced -90.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.32% of their portfolio | 2.2m $410.5m | Reduced -77.9k |
| MILLENNIUM MANAGEMENT LLC 0.28% of their portfolio | 2.1m $407.7m | Added +2.0m |
| Castle Hook Partners LP 4.34% of their portfolio | 2.1m $404.8m | Added +1.2m |
| WELLS FARGO & COMPANY/MN 0.07% of their portfolio | 2.1m $401.4m | Added +64.1k |
| Baird Financial Group, Inc. 0.55% of their portfolio | 2.1m $400.5m | Reduced -23.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.22% of their portfolio | 2.0m $389.2m | Reduced -405.0k |
| 1832 Asset Management L.P. 0.45% of their portfolio | 1.9m $364.6m | Reduced -420.5k |
| PRIMECAP MANAGEMENT CO/CA/ 0.21% of their portfolio | 1.9m $359.8m | Added +332.1k |
| LAZARD ASSET MANAGEMENT LLC 0.54% of their portfolio | 1.9m $356.2m | Reduced -158.8k |
| NEUBERGER BERMAN GROUP LLC 0.24% of their portfolio | 1.9m $353.1m | Reduced -881.3k |
| Swiss National Bank 0.18% of their portfolio | 1.8m $342.2m | Reduced -69.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.20% of their portfolio | 1.8m $341.4m | Reduced -88.4k |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 3.10% of their portfolio | 1.7m $319.5m | Added +17.7k |
| VAN ECK ASSOCIATES CORP 0.19% of their portfolio | 1.6m $309.7m | Reduced -3.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.16% of their portfolio | 1.5m $295.0m | Added +119.2k |
| RAYMOND JAMES FINANCIAL INC 0.08% of their portfolio | 1.5m $288.7m | Reduced -132.4k |
| National Pension Service 0.18% of their portfolio | 1.5m $285.9m | Added +40.2k |
| Sustainable Growth Advisers, LP 2.78% of their portfolio | 1.5m $282.9m | Reduced -151.1k |
| HSBC HOLDINGS PLC 0.13% of their portfolio | 1.4m $275.0m | Added +73.1k |
| NORDEA INVESTMENT MANAGEMENT AB 0.22% of their portfolio | 1.4m $271.6m | Reduced -347.8k |
| Southpoint Capital Advisors LP 6.07% of their portfolio | 1.4m $266.7m | Added +800.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.14% of their portfolio | 1.4m $263.8m | Added +8.6k |
| Anomaly Capital Management, LP 9.93% of their portfolio | 1.4m $260.1m | Added +602.6k |
| Vanguard Global Advisers, LLC 0.12% of their portfolio | 1.4m $258.9m | Reduced -17.3k |
| Aberdeen Group plc 0.36% of their portfolio | 1.3m $255.1m | Added +37.1k |
| CIBC Bancorp USA Inc. 0.31% of their portfolio | 1.3m $252.1m | Reduced -798.3k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.37% of their portfolio | 1.3m $246.7m | Reduced -212.5k |
| Tidal Investments LLC 0.59% of their portfolio | 1.3m $243.1m | Added +391.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio | 1.3m $241.7m | Reduced -111.7k |
| AVIVA PLC 0.35% of their portfolio | 1.2m $237.5m | Added +2.5k |
| California Public Employees Retirement System 0.13% of their portfolio | 1.2m $235.6m | Reduced -621.3k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.16% of their portfolio | 1.2m $232.8m | Added +130.7k |
| BARCLAYS PLC 0.07% of their portfolio | 1.2m $227.9m | Reduced -425.0k |
| GLENVIEW CAPITAL MANAGEMENT, LLC 4.36% of their portfolio | 1.1m $218.3m | Added +989.7k |
| BANK OF MONTREAL /CAN/ 0.08% of their portfolio | 1.1m $217.1m | Added +198.9k |
| PRUDENTIAL FINANCIAL INC 0.23% of their portfolio | 1.1m $213.6m | Added +35.7k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.84% of their portfolio | 1.1m $206.3m | Reduced -222.7k |
| MONTRUSCO BOLTON INVESTMENTS INC. 3.14% of their portfolio | 1.1m $202.8m | Reduced -276.6k |
| Russell Investments Group, Ltd. 0.18% of their portfolio | 1.1m $202.8m | Added +107.2k |
| MACKENZIE FINANCIAL CORP 0.20% of their portfolio | 1.0m $198.9m | Reduced -170.3k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.35% of their portfolio | 1.0m $191.9m | Added +682.0k |
| Mirova US LLC 2.05% of their portfolio | 1,000.0k $190.5m | Reduced -51.4k |
| RHUMBLINE ADVISERS 0.14% of their portfolio | 995.9k $189.7m | Reduced -16.3k |
| BLAIR WILLIAM & CO/IL 0.48% of their portfolio | 971.1k $185.0m | Reduced -325.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.17% of their portfolio | 969.0k $184.6m | Reduced -4.7k |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 943.7k $179.8m | Reduced -82.7k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.17% of their portfolio | 891.2k $169.8m | Reduced -147.9k |
| JUPITER ASSET MANAGEMENT LTD 0.83% of their portfolio | 873.6k $167.0m | Added +43.4k |
| NATIXIS ADVISORS, LLC 0.19% of their portfolio | 872.8k $166.3m | Added +158.9k |
| Qube Research & Technologies Ltd 0.18% of their portfolio | 844.5k $160.9m | Reduced -504.4k |
| JONES FINANCIAL COMPANIES LLLP 0.07% of their portfolio | 844.0k $165.4m | Added +144.4k |
| SG Americas Securities, LLC 0.09% of their portfolio | 824.3k $157.0m | Reduced -2.5m |
| NATIONAL BANK OF CANADA /FI/ 0.14% of their portfolio | 810.3k $154.3m | Added +309.3k |
| Unisphere Establishment 1.31% of their portfolio | 809.0k $154.1m | Added +170.0k |