Vault-13

DANAHER CORPORATION DHR 5 04.15.23 B

5% CONV PFD B · PUBLIC · CUSIP 235851409

52 institutional holders -8 vs Q4 2022
1,763,6151.8m shares reported held*
$2.3bnreported value*
4 new 8 added 23 reduced 12 sold out net sold ≈ $439.8m (-320.8k shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $1301.07.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 58Q4 22: 60Q1 23: 5252Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202258
Q4 202260
Q1 202352

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 20 bought or addedQ4 22: 29 cut or sold outQ4 22Q1 23: 12 bought or addedQ1 23: 35 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222029
Q1 20231235

Biggest buyers

Capital Research Global Investors Added +13,971+14.0k
Elequin Capital, LP New +5,000+5.0k
BlackRock Inc. Added +941+941
BLUEFIN CAPITAL MANAGEMENT, LLC New +900+900
ROYAL BANK OF CANADA Added +446+446
WELLS FARGO & COMPANY/MN Added +406+406
TWO SIGMA SECURITIES, LLC New +157+157
LAFFER TENGLER INVESTMENTS, INC. Added +140+140
MORGAN STANLEY Added +11+11
PRIVATE TRUST CO NA Added +6+6

Biggest sellers

STATE STREET CORP Sold out -33,200-33.2k
JPMORGAN CHASE & CO Reduced -32,668-32.7k
Epoch Investment Partners, Inc. Reduced -31,283-31.3k
VOYA INVESTMENT MANAGEMENT LLC Reduced -30,400-30.4k
FMR LLC Reduced -28,455-28.5k
LORD, ABBETT & CO. LLC Reduced -23,830-23.8k
Calamos Advisors LLC Reduced -20,836-20.8k
Thrivent Financial for Lutherans Sold out -20,205-20.2k
FRANKLIN RESOURCES INC Reduced -20,115-20.1k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Sold out -18,650-18.6k

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.47% of their portfolio ATLANTA, GA 344,440344.4k $438.9m $438.9m 0.47% Reduced -30.4k -30,400
2 Capital Research Global Investors 0.12% of their portfolio Los Angeles, CA 339,927339.9k $433.2m $433.2m 0.12% Added +14.0k +13,971
3 Capital World Investors 0.06% of their portfolio LOS ANGELES, CA 229,302229.3k $292.2m $292.2m 0.06% Unchanged
4 LORD, ABBETT & CO. LLC 0.39% of their portfolio JERSEY CITY, NJ 170,116170.1k $216.9m $216.9m 0.39% Reduced -23.8k -23,830
5 BlackRock Inc. 0.01% of their portfolio New York, NY 158,882158.9k $202.5m $202.5m 0.01% Added +941 +941
6 Capital International Investors 0.05% of their portfolio Los Angeles, CA 155,041155.0k $197.6m $197.6m 0.05% Unchanged
7 PUTNAM INVESTMENTS LLC 0.25% of their portfolio BOSTON, MA 121,041121.0k $154.0m $154.0m 0.25% Reduced -5.2k -5,153
8 MacKay Shields LLC 2.98% of their portfolio New York, NY 85,20685.2k $108.6m $108.6m 2.98% Added +4 +4
9 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 61,17061.2k $78.0m $78.0m 0.04% Reduced -20.1k -20,115
10 LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 36,19036.2k $46.1m $46.1m 0.06% Reduced -8.5k -8,500
11 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 21,30221.3k $26.9m $26.9m 0.00% Reduced -13.9k -13,894
12 ADVENT CAPITAL MANAGEMENT /DE/ 0.24% of their portfolio NEW YORK, NY 9,6289.6k $12.3m $12.3m 0.24% Reduced -11.8k -11,828
13 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 6,8836.9k $8.8m $8.8m 0.01% Reduced -81 -81
14 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 5,2855.3k $6.7m $6.7m 0.00% Unchanged
15 Elequin Capital, LP 4.48% of their portfolio NEW YORK, NY 5,0005.0k $6.4m $6.4m 4.48% New
16 MACKENZIE FINANCIAL CORP 0.01% of their portfolio TORONTO ONTARIO, A6 4,9965.0k $6.3m $6.3m 0.01% Unchanged
17 JENNISON ASSOCIATES LLC 0.01% of their portfolio NEW YORK, NY 4,8724.9k $6.2m $6.2m 0.01% Unchanged
18 PALISADE CAPITAL MANAGEMENT, LP 0.16% of their portfolio FORT LEE, NJ 4,7054.7k $6.0m $6.0m 0.16% Reduced -6.7k -6,700
19 CCLA Investment Management 0.10% of their portfolio LONDON, X0 4,0004.0k $5.1m $5.1m 0.10% Unchanged
20 Calamos Advisors LLC 0.02% of their portfolio NAPERVILLE, IL 3,4533.5k $4.4m $4.4m 0.02% Reduced -20.8k -20,836
21 Clearbridge Investments, LLC 0.00% of their portfolio NEW YORK, NY 3,4113.4k $4.3m $4.3m 0.00% Unchanged
22 MIDDLETON & CO INC/MA 0.61% of their portfolio BOSTON, MA 3,3203.3k $4.2m $4.2m 0.61% Unchanged
23 LAFFER TENGLER INVESTMENTS, INC. 1.03% of their portfolio Scottsdale, AZ 2,9943.0k $3.8m $3.8m 1.03% Added +140 +140
24 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,6192.6k $3.3m $3.3m 0.00% Added +406 +406
25 Epoch Investment Partners, Inc. 0.02% of their portfolio New York, NY 2,4142.4k $3.1m $3.1m 0.02% Reduced -31.3k -31,283
26 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,0672.1k $2.6m $2.6m 0.00% Reduced -32.7k -32,668
27 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 2,0002.0k $2.5m $2.5m 0.00% Unchanged
28 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 2,0002.0k $2.5m $2.5m 0.00% Unchanged
29 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,4001.4k $1.8m $1.8m 0.01% Unchanged
30 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 1,0051.0k $1.3m $1.3m 0.00% Reduced -5.2k -5,203
31 BLUEFIN CAPITAL MANAGEMENT, LLC 0.16% of their portfolio NEW YORK, NY 900900 $1.1m $1.1m 0.16% New
32 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 750750 $955.8k $955.8k 0.00% Reduced -12.4k -12,400
33 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 713713 $908.6k $908.6k 0.00% Reduced -2 -2
34 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 640640 $815.6k $815.6k 0.00% Unchanged
35 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 575575 $718.0k $718.0k 0.00% Reduced -576 -576
36 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 514514 $655.0k $655.0k 0.00% Added +446 +446
37 Welch & Forbes LLC 0.01% of their portfolio Boston, MA 400400 $509.7k $509.7k 0.01% Unchanged
38 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 323323 $411.6k $411.6k 0.00% Reduced -296 -296
39 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 201201 $256.1k $256.1k 0.00% Added +11 +11
40 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 200200 $254.9k $254.9k 0.00% Reduced -203 -203
41 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 190190 $242.1k $242.1k 0.00% Reduced -7.8k -7,774
42 Northwest & Ethical Investments L.P. 0.01% of their portfolio TORONTO, A6 180180 $229.4k $229.4k 0.01% Unchanged
43 Calamos Wealth Management LLC 0.02% of their portfolio NAPERVILLE, IL 169169 $215.4k $215.4k 0.02% Reduced -70 -70
44 TWO SIGMA SECURITIES, LLC 0.02% of their portfolio NEW YORK, NY 157157 $200.1k $200.1k 0.02% New
45 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 9999 $126.2k $126.2k 0.00% Reduced -2.9k -2,891
46 FMR LLC 0.00% of their portfolio BOSTON, MA 9090 $114.5k $114.5k 0.00% Reduced -28.5k -28,455
47 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 6161 $77.7k $77.7k 0.00% Unchanged
48 UBS Group AG 0.00% of their portfolio ZURICH, V8 5656 $71.4k $71.4k 0.00% Reduced -6 -6
49 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5555 $70.1k $70.1k 0.00% Unchanged
50 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 99 $11.5k $11.5k 0.00% Added +6 +6
51 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 44 $5.1k $5.1k 0.00% New
52 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged