DEXCOM INC DXCM
COM · Common Stock · CUSIP 252131107 · ISIN US2521311074
Company that develops, manufactures and distributes continuous glucose monitoring systems
- SectorHealth care
- IndustrySurgical & Medical Instruments & Apparatus
- HeadquartersSan Diego, CA
- Founded1999
- Websitedexcom.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 ($139.7m this quarter). Holder counts are more reliable. Shares outstanding: 392.2m as of 2025-07-23, 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 ≈ $87.22. Options: 40 managers hold calls ($509.8m notional), 43 hold puts ($526.6m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 794 |
| Q4 2022 | 918 |
| Q1 2023 | 905 |
| Q2 2023 | 955 |
| Q3 2023 | 907 |
| Q4 2023 | 976 |
| Q1 2024 | 1,034 |
| Q2 2024 | 1,002 |
| Q3 2024 | 894 |
| Q4 2024 | 951 |
| Q1 2025 | 934 |
| Q2 2025 | 941 |
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 2023 | 445 | 485 |
| Q4 2023 | 461 | 472 |
| Q1 2024 | 548 | 433 |
| Q2 2024 | 538 | 441 |
| Q3 2024 | 418 | 552 |
| Q4 2024 | 462 | 451 |
| Q1 2025 | 466 | 425 |
| Q2 2025 | 451 | 454 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $404.7m | $424.0m | 1.05 |
| Q4 2024 | $727.5m | $499.1m | 0.69 |
| Q1 2025 | $400.7m | $336.7m | 0.84 |
| Q2 2025 | $509.8m | $526.6m | 1.03 |
Biggest buyers
| GROUPAMA ASSET MANAGMENT | New | +4.0m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +3.4m |
| MARSHALL WACE, LLP | Added | +2.8m |
| BAILLIE GIFFORD & CO | Added | +2.5m |
| ROYAL BANK OF CANADA | Added | +2.1m |
| JPMORGAN CHASE & CO | Added | +2.0m |
| FEDERATED HERMES, INC. | Added | +1.6m |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +1.0m |
| DSM CAPITAL PARTNERS LLC | Added | +1.0m |
| JENNISON ASSOCIATES LLC | Added | +994.3k |
Biggest sellers
| Capital Research Global Investors | Reduced | -6.6m |
| Capital World Investors | Reduced | -1.7m |
| Amundi | Reduced | -1.1m |
| D. E. Shaw & Co., Inc. | Reduced | -1.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -992.9k |
| MORGAN STANLEY | Reduced | -992.5k |
| TWINBEECH CAPITAL LP | Sold out | -938.2k |
| Holocene Advisors, LP | Sold out | -816.1k |
| CITADEL ADVISORS LLC | Reduced | -758.7k |
| Bank of New York Mellon Corp | Reduced | -612.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $74.7m855.8k shares |
| HSBC HOLDINGS PLC | Reduced | $56.2m646.6k shares |
| CITADEL ADVISORS LLC | Reduced | $43.4m497.3k shares |
| Walleye Trading LLC | Added | $33.4m382.9k shares |
| UBS Group AG | Reduced | $31.6m362.2k shares |
| ROYAL BANK OF CANADA | Added | $31.4m360.0k shares |
| BANK OF AMERICA CORP /DE/ | Added | $29.7m340.7k shares |
| Twin Tree Management, LP | New | $29.6m338.8k shares |
| JANE STREET GROUP, LLC | Reduced | $26.2m300.7k shares |
| IMC-Chicago, LLC | Reduced | $19.7m225.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $80.0m917.0k shares |
| CITADEL ADVISORS LLC | Added | $52.1m597.3k shares |
| BANK OF AMERICA CORP /DE/ | Added | $40.4m462.6k shares |
| Twin Tree Management, LP | Added | $32.0m366.7k shares |
| SIMPLEX TRADING, LLC | Added | $28.8m330.2k shares |
| GOLDMAN SACHS GROUP INC | Added | $28.7m328.3k shares |
| HSBC HOLDINGS PLC | Reduced | $26.9m309.5k shares |
| UBS Group AG | Reduced | $25.7m294.1k shares |
| JANE STREET GROUP, LLC | Reduced | $23.0m263.7k shares |
| SG Capital Management LLC | New | $17.5m200.0k 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-24 | 8.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.0% |
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 2025
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 2023 | 0 | — | 7 | $1.5m | $63.9k |
| Q4 2023 | 0 | — | 7 | $2.4m | $1.6m |
| Q1 2024 | 0 | — | 8 | $27.7m | $15.6m |
| Q2 2024 | 0 | — | 8 | $8.6m | $8.5m |
| Q3 2024 | 0 | — | 5 | $244.4k | $163.4k |
| Q4 2024 | 0 | — | 4 | $749.2k | $341.2k |
| Q1 2025 | 0 | — | 7 | $10.0m | $541.6k |
| Q2 2025 | 0 | — | 4 | $2.3m | $2.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-26 | Stern Sadie EVP, Chief HR Officer | Sold plan | $124.7k1.5k shares |
| 2025-06-16 | AUGUSTINOS NICHOLAS Director · by Trust | Sold plan | $304.0k3.7k shares |
| 2025-06-16 | FOLETTA MARK G Director · by Trust | Sold plan | $228.6k2.8k shares |
| 2025-06-16 | Brown Michael Jon EVP, Chief Legal Officer | Sold plan | $41.4k500 shares |
| 2025-06-13 | AUGUSTINOS NICHOLAS Director · by Trust | Sold plan | $213.9k2.6k shares |
| 2025-05-27 | Stern Sadie EVP, Chief HR Officer | Sold plan | $526.3k6.2k shares |
| 2025-05-23 | Brown Michael Jon EVP, Chief Legal Officer | Sold plan | $842.8k10.0k 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.07% of their portfolio | 48.3m $4.2bn | Added +866.5k |
| BlackRock, Inc. 0.07% of their portfolio | 39.0m $3.4bn | Reduced -209.1k |
| STATE STREET CORP 0.06% of their portfolio | 16.9m $1.5bn | Added +175.3k |
| BAILLIE GIFFORD & CO 1.09% of their portfolio | 16.7m $1.5bn | Added +2.5m |
| JENNISON ASSOCIATES LLC 0.60% of their portfolio | 11.5m $1.0bn | Added +994.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 10.8m $936.1m | Added +358.6k |
| SANDS CAPITAL MANAGEMENT, LLC 2.49% of their portfolio | 9.9m $868.4m | Reduced -466.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.16% of their portfolio | 9.1m $797.0m | Reduced -992.9k |
| Nuveen, LLC 0.18% of their portfolio | 7.6m $660.7m | Reduced -556.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.18% of their portfolio | 6.6m $576.6m | Added +3.4m |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 6.2m $537.2m | Added +2.0m |
| MORGAN STANLEY 0.03% of their portfolio | 5.6m $489.0m | Reduced -992.5k |
| Capital Research Global Investors 0.09% of their portfolio | 5.4m $471.9m | Reduced -6.6m |
| NORGES BANK 0.06% of their portfolio | 5.2m $453.3m | Added +286.0k |
| Invesco Ltd. 0.07% of their portfolio | 5.0m $433.1m | Reduced -293.3k |
| Amundi 0.13% of their portfolio | 4.4m $364.7m | Reduced -1.1m |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 4.1m $360.0m | Added +2.1m |
| GROUPAMA ASSET MANAGMENT 0.06% of their portfolio | 4.0m $3.7m | New |
| AMERICAN CENTURY COMPANIES INC 0.18% of their portfolio | 3.9m $339.5m | Reduced -163.3k |
| Bank of New York Mellon Corp 0.06% of their portfolio | 3.9m $337.3m | Reduced -612.3k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 3.8m $334.8m | Reduced -51.8k |
| MARSHALL WACE, LLP 0.40% of their portfolio | 3.8m $333.6m | Added +2.8m |
| FEDERATED HERMES, INC. 0.60% of their portfolio | 3.6m $317.1m | Added +1.6m |
| RAYMOND JAMES FINANCIAL INC 0.10% of their portfolio | 3.4m $295.0m | Added +24.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 3.1m $268.3m | Added +95.7k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 3.0m $262.6m | Reduced -482.6k |
| FRANKLIN RESOURCES INC 0.07% of their portfolio | 2.8m $248.6m | Added +343.2k |
| JANUS HENDERSON GROUP PLC 0.11% of their portfolio | 2.5m $222.4m | Added +15.0k |
| Artisan Partners Limited Partnership 0.33% of their portfolio | 2.5m $219.9m | Added +705.3k |
| Legal & General Group Plc 0.05% of their portfolio | 2.5m $219.8m | Reduced -23.0k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 2.5m $217.7m | Reduced -65.4k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.87% of their portfolio | 2.4m $207.8m | Reduced -67.5k |
| BLAIR WILLIAM & CO/IL 0.54% of their portfolio | 2.2m $192.7m | Reduced -30.5k |
| Employees Provident Fund Board 1.65% of their portfolio | 2.2m $191.2m | Added +312.5k |
| AXA S.A. 0.54% of their portfolio | 2.2m $189.2m | Reduced -105.6k |
| FMR LLC 0.01% of their portfolio | 2.1m $185.3m | Added +405.5k |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 2.1m $181.2m | Added +40.0k |
| D. E. Shaw & Co., Inc. 0.17% of their portfolio | 2.0m $171.2m | Reduced -1.1m |
| UBS Group AG 0.04% of their portfolio | 1.9m $168.7m | Reduced -61.8k |
| Champlain Investment Partners, LLC 1.09% of their portfolio | 1.8m $156.3m | Reduced -71.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 1.7m $152.6m | Added +257.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.12% of their portfolio | 1.7m $149.5m | Added +164.4k |
| Qube Research & Technologies Ltd 0.20% of their portfolio | 1.6m $142.4m | Added +932.0k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 1.5m $128.2m | Reduced -134.1k |
| BARCLAYS PLC 0.05% of their portfolio | 1.4m $126.6m | Added +870 |
| DSM CAPITAL PARTNERS LLC 1.85% of their portfolio | 1.4m $125.3m | Added +1.0m |
| Capital World Investors 0.02% of their portfolio | 1.4m $121.1m | Reduced -1.7m |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.47% of their portfolio | 1.4m $119.8m | Added +1.0m |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 1.4m $119.5m | Reduced -758.7k |
| Fisher Funds Management LTD 2.71% of their portfolio | 1.3m $114.2m | Reduced -339.1k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.42% of their portfolio | 1.3m $113.2m | Added +983.0k |
| Assenagon Asset Management S.A. 0.17% of their portfolio | 1.2m $105.5m | Added +557.6k |
| Swiss National Bank 0.06% of their portfolio | 1.2m $103.6m | Added +85.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.08% of their portfolio | 1.1m $95.1m | Added +100.6k |
| CONGRESS ASSET MANAGEMENT CO 0.63% of their portfolio | 1.1m $91.8m | Reduced -107.6k |
| FIL Ltd 0.08% of their portfolio | 1.0m $91.2m | Added +602.8k |
| Alphabet Inc. 4.24% of their portfolio | 1.0m $90.5m | Unchanged |
| MACKENZIE FINANCIAL CORP 0.12% of their portfolio | 1.0m $88.9m | Reduced -43.2k |
| TCW GROUP INC 0.68% of their portfolio | 999.8k $87.3m | Added +62.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 962.8k $84.0m | Added +10.2k |
| PRUDENTIAL FINANCIAL INC 0.11% of their portfolio | 955.8k $83.4m | Reduced -532.2k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 947.5k $82.7m | Reduced -3.2k |
| BESSEMER GROUP INC 0.13% of their portfolio | 942.9k $82.3m | Reduced -6.1k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.75% of their portfolio | 932.4k $81.4m | Reduced -35.9k |
| Chicago Capital, LLC 1.91% of their portfolio | 886.4k $77.4m | Added +850 |
| Stephens Investment Management Group LLC 1.01% of their portfolio | 877.8k $76.6m | Added +36.7k |
| Bellevue Group AG 1.66% of their portfolio | 860.8k $75.1m | Reduced -203.3k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 850.6k $74.3m | Added +204.1k |
| DekaBank Deutsche Girozentrale 0.13% of their portfolio | 850.3k $73.7m | Added +12.7k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 810.3k $70.7m | Added +485 |
| Pictet Asset Management Holding SA 0.07% of their portfolio | 805.9k $70.3m | Reduced -74.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 795.9k $69.5m | Reduced -9.0k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 787.0k $68.6m | Reduced -180.1k |
| NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio | 780.9k $68.2m | Added +368.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 765.3k $66.8m | Added +127.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio | 742.1k $64.8m | Added +171.1k |
| MIG Capital, LLC 6.65% of their portfolio | 724.2k $63.2m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio | 697.8k $60.9m | Added +67.0k |
| SEI INVESTMENTS CO 0.07% of their portfolio | 697.7k $60.9m | Added +77.8k |
| CITIGROUP INC 0.04% of their portfolio | 695.0k $60.7m | Reduced -383.9k |
| Rathbones Group PLC 0.26% of their portfolio | 690.4k $60.3m | Reduced -396.5k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 678.0k $59.2m | Reduced -140.9k |
| ExodusPoint Capital Management, LP 0.71% of their portfolio | 666.1k $58.1m | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.06% of their portfolio | 638.1k $55.7m | Added +28.9k |
| Baird Financial Group, Inc. 0.10% of their portfolio | 637.8k $55.7m | Reduced -49.2k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 624.4k $54.3m | Reduced -84.7k |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC 1.06% of their portfolio | 623.3k $54.4m | Added +101.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 618.8k $54.0m | Reduced -5.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 616.1k $53.8m | Reduced -611.1k |
| CIBC Private Wealth Group LLC 0.10% of their portfolio | 613.1k $53.5m | Added +76.0k |
| ProShare Advisors LLC 0.11% of their portfolio | 603.8k $52.7m | Added +28.2k |
| Mitsubishi UFJ Trust & Banking Corp 0.12% of their portfolio | 597.5k $52.2m | Added +41.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 563.0k $49.1m | Reduced -166.6k |
| National Pension Service 0.04% of their portfolio | 557.4k $48.7m | Added +4.4k |
| PEREGRINE CAPITAL MANAGEMENT LLC 1.43% of their portfolio | 541.9k $47.3m | Reduced -26.6k |
| BANK OF NOVA SCOTIA 0.09% of their portfolio | 530.7k $46.3m | Reduced -400.8k |
| Sofinnova Investments, Inc. 3.11% of their portfolio | 523.7k $45.7m | Added +127.7k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 509.0k $44.4m | Reduced -34.2k |
| FACTORY MUTUAL INSURANCE CO 0.48% of their portfolio | 497.9k $43.5m | Reduced -23.7k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.08% of their portfolio | 497.7k $43.4m | Reduced -34.2k |