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 ($147.9m this quarter). Holder counts are more reliable. Shares outstanding: 384.9m as of 2026-02-05, 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 ≈ $66.26. Options: 42 managers hold calls ($593.9m notional), 37 hold puts ($429.6m).
Trends to Q4 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 |
| Q3 2025 | 911 |
| Q4 2025 | 922 |
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 2024 | 548 | 433 |
| Q2 2024 | 538 | 441 |
| Q3 2024 | 418 | 552 |
| Q4 2024 | 462 | 451 |
| Q1 2025 | 466 | 425 |
| Q2 2025 | 451 | 454 |
| Q3 2025 | 441 | 472 |
| Q4 2025 | 459 | 447 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $400.7m | $336.7m | 0.84 |
| Q2 2025 | $509.8m | $526.6m | 1.03 |
| Q3 2025 | $482.6m | $542.0m | 1.12 |
| Q4 2025 | $593.9m | $429.6m | 0.72 |
Biggest buyers
| Invesco Ltd. | Added | +9.4m |
| ALLIANCEBERNSTEIN L.P. | Added | +8.2m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +3.0m |
| AQR CAPITAL MANAGEMENT LLC | Added | +2.7m |
| D. E. Shaw & Co., Inc. | Added | +1.7m |
| Castle Hook Partners LP | Added | +1.6m |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Added | +1.5m |
| J. Stern & Co. LLP | Added | +1.5m |
| DEUTSCHE BANK AG\ | Added | +1.5m |
| Squarepoint Ops LLC | Added | +1.4m |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -6.7m |
| JPMORGAN CHASE & CO | Reduced | -6.2m |
| SANDS CAPITAL MANAGEMENT, LLC | Sold out | -4.9m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -4.8m |
| JENNISON ASSOCIATES LLC | Reduced | -4.3m |
| GROUPAMA ASSET MANAGMENT | Sold out | -4.0m |
| Holocene Advisors, LP | Sold out | -2.4m |
| Capital Research Global Investors | Sold out | -2.4m |
| FEDERATED HERMES, INC. | Reduced | -2.3m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.8m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $105.8m1.6m shares |
| HSBC HOLDINGS PLC | Added | $84.9m1.3m shares |
| CITADEL ADVISORS LLC | Added | $63.9m963.4k shares |
| GOLDMAN SACHS GROUP INC | Added | $52.8m795.0k shares |
| UBS Group AG | Added | $51.0m768.3k shares |
| JANE STREET GROUP, LLC | Reduced | $30.4m458.0k shares |
| Walleye Trading LLC | Added | $29.3m441.1k shares |
| IMC-Chicago, LLC | Added | $24.5m368.6k shares |
| Castle Hook Partners LP | New | $18.8m284.0k shares |
| Point72 Asset Management, L.P. | Added | $14.4m216.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $106.9m1.6m shares |
| CITADEL ADVISORS LLC | Added | $45.3m683.0k shares |
| UBS Group AG | Reduced | $40.0m602.7k shares |
| GOLDMAN SACHS GROUP INC | Added | $35.5m534.6k shares |
| HSBC HOLDINGS PLC | Reduced | $28.4m426.9k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $15.0m225.6k shares |
| JANE STREET GROUP, LLC | Reduced | $14.6m219.7k shares |
| D. E. Shaw & Co., Inc. | New | $13.7m207.0k shares |
| Caption Management, LLC | Reduced | $13.1m197.0k shares |
| CITIGROUP INC | Added | $12.5m188.0k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2025 | 0 | — | 5 | $1.2m | $1.2m |
| Q4 2025 | 1 | $1.0m | 2 | $448.2k | $448.2k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-11-14 | Collins Richard Alexander Director · by Trust | Sold plan | $171.6k2.9k shares |
| 2025-11-12 | Heller Bridgette P Director | Sold plan | $58.8k1.0k shares |
| 2025-11-10 | Leach Jacob Steven President & COO | Bought | $1.0m18.2k shares |
| 2025-11-10 | Collins Richard Alexander Director · by Trust | Sold plan | $217.8k3.9k 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 49.1m $3.3bn | Reduced -381.7k |
| BlackRock, Inc. 0.04% of their portfolio | 39.8m $2.6bn | Added +1.0m |
| STATE STREET CORP 0.04% of their portfolio | 18.1m $1.2bn | Added +1.2m |
| BAILLIE GIFFORD & CO 0.86% of their portfolio | 15.6m $1.0bn | Reduced -329.6k |
| Invesco Ltd. 0.09% of their portfolio | 14.1m $934.3m | Added +9.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 11.0m $727.8m | Added +42.4k |
| ALLIANCEBERNSTEIN L.P. 0.18% of their portfolio | 8.6m $572.4m | Added +8.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.11% of their portfolio | 8.0m $530.9m | Added +516.5k |
| NORGES BANK 0.05% of their portfolio | 7.3m $483.4m | Not comparable |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 6.2m $412.6m | Reduced -6.2m |
| JENNISON ASSOCIATES LLC 0.23% of their portfolio | 5.8m $384.3m | Reduced -4.3m |
| MORGAN STANLEY 0.02% of their portfolio | 5.1m $336.7m | Added +719.8k |
| Amundi 0.09% of their portfolio | 4.9m $326.4m | Reduced -101.6k |
| Nuveen, LLC 0.08% of their portfolio | 4.6m $307.4m | Reduced -1.7m |
| DEUTSCHE BANK AG\ 0.09% of their portfolio | 4.3m $287.3m | Added +1.5m |
| D. E. Shaw & Co., Inc. 0.20% of their portfolio | 3.9m $261.4m | Added +1.7m |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 3.8m $253.1m | Reduced -513.8k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 3.4m $224.1m | Reduced -345.1k |
| CIBC Private Wealth Group LLC 0.35% of their portfolio | 3.1m $207.6m | Added +220.3k |
| AQR CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 3.1m $205.9m | Added +2.7m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 3.1m $204.4m | Reduced -103.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 3.1m $204.0m | Added +3.0m |
| FRANKLIN RESOURCES INC 0.04% of their portfolio | 2.7m $178.1m | Added +236.7k |
| Legal & General Group Plc 0.04% of their portfolio | 2.6m $172.9m | Reduced -30.4k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 2.5m $168.6m | Reduced -622.9k |
| Squarepoint Ops LLC 0.34% of their portfolio | 2.5m $167.7m | Added +1.4m |
| RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio | 2.5m $163.2m | Reduced -889.4k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 2.4m $161.8m | Added +307.5k |
| DSM CAPITAL PARTNERS LLC 2.32% of their portfolio | 2.4m $156.3m | Reduced -178.4k |
| NEUBERGER BERMAN GROUP LLC 0.12% of their portfolio | 2.3m $155.3m | Added +1.2m |
| Castle Hook Partners LP 2.15% of their portfolio | 2.3m $149.4m | Added +1.6m |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 2.2m $148.4m | Reduced -257.4k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 2.2m $145.8m | Reduced -764.5k |
| Employees Provident Fund Board 1.07% of their portfolio | 2.2m $145.4m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 2.1m $141.3m | Added +1.3m |
| JANUS HENDERSON GROUP PLC 0.06% of their portfolio | 2.0m $132.7m | Reduced -694.8k |
| BLAIR WILLIAM & CO/IL 0.35% of their portfolio | 2.0m $132.0m | Reduced -120.5k |
| UBS Group AG 0.03% of their portfolio | 1.9m $127.7m | Reduced -1.0m |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.9m $124.2m | Added +427.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.14% of their portfolio | 1.9m $123.7m | Added +1.5m |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 1.8m $122.0m | Added +231.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.42% of their portfolio | 1.8m $123.6m | Added +191.3k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 1.8m $117.8m | Added +513.7k |
| J. Stern & Co. LLP 0.14% of their portfolio | 1.6m $1.6m | Added +1.5m |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 1.6m $105.5m | Reduced -1.8m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.16% of their portfolio | 1.6m $105.4m | Added +1.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.5m $97.5m | Reduced -429.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.15% of their portfolio | 1.4m $95.9m | Added +603.2k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.40% of their portfolio | 1.4m $95.6m | Reduced -872.5k |
| Capital World Investors 0.01% of their portfolio | 1.4m $91.9m | Unchanged |
| BARCLAYS PLC 0.04% of their portfolio | 1.3m $88.9m | Reduced -229.0k |
| FMR LLC 0.00% of their portfolio | 1.3m $86.2m | Reduced -216.0k |
| Soleus Capital Management, L.P. 3.65% of their portfolio | 1.3m $86.1m | New |
| Vestal Point Capital, LP 3.10% of their portfolio | 1.3m $84.6m | Added +625.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 1.3m $84.3m | Added +872.7k |
| DNB Asset Management AS 0.29% of their portfolio | 1.3m $84.2m | Added +170.8k |
| Assenagon Asset Management S.A. 0.12% of their portfolio | 1.2m $81.4m | Added +397.7k |
| Fisher Funds Management LTD 2.09% of their portfolio | 1.2m $81.1m | Added +1.8k |
| Point72 Asset Management, L.P. 0.13% of their portfolio | 1.2m $80.8m | Reduced -1.0m |
| MACKENZIE FINANCIAL CORP 0.10% of their portfolio | 1.2m $81.1m | Added +106.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 1.2m $77.8m | Added +26.5k |
| FEDERATED HERMES, INC. 0.13% of their portfolio | 1.1m $76.2m | Reduced -2.3m |
| TWO SIGMA INVESTMENTS, LP 0.11% of their portfolio | 1.1m $71.9m | Reduced -418.2k |
| Swiss National Bank 0.04% of their portfolio | 1.1m $71.3m | Reduced -55.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 1.1m $70.8m | Reduced -14.0k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 1.0m $69.6m | Added +34.6k |
| Stephens Investment Management Group LLC 0.90% of their portfolio | 1.0m $69.2m | Added +181.7k |
| Alphabet Inc. 2.67% of their portfolio | 1.0m $68.8m | Unchanged |
| Balyasny Asset Management L.P. 0.13% of their portfolio | 1.0m $67.4m | Reduced -616.5k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 1.0m $67.3m | Added +757.2k |
| BANK OF NOVA SCOTIA 0.10% of their portfolio | 1.0m $67.0m | Added +505.3k |
| Pacer Advisors, Inc. 0.17% of their portfolio | 982.8k $65.2m | Added +922.6k |
| Man Group plc 0.12% of their portfolio | 962.6k $63.9m | Added +378.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 957.2k $63.5m | Reduced -16.0k |
| Walleye Capital LLC 0.35% of their portfolio | 924.7k $61.4m | Added +125.9k |
| Intermede Investment Partners Ltd 2.60% of their portfolio | 909.3k $60.4m | New |
| CI INVESTMENTS INC. 0.26% of their portfolio | 885.7k $58.8m | Added +337.6k |
| Allianz Asset Management GmbH 0.06% of their portfolio | 852.5k $56.6m | Added +749.2k |
| DekaBank Deutsche Girozentrale 0.20% of their portfolio | 850.3k $117.8m | Unchanged |
| Bellevue Group AG 1.07% of their portfolio | 847.4k $56.2m | Added +61.3k |
| CITIGROUP INC 0.04% of their portfolio | 846.0k $56.1m | Added +190.8k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 811.9k $53.9m | Reduced -682.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio | 809.0k $53.7m | Added +149.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 793.4k $52.7m | Reduced -4.8m |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 776.5k $51.5m | Reduced -130.4k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 775.8k $51.5m | Reduced -24.8k |
| Pictet Asset Management Holding SA 0.05% of their portfolio | 768.8k $51.0m | Added +1.6k |
| TWO SIGMA ADVISERS, LP 0.10% of their portfolio | 748.1k $49.6m | Added +361.8k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.04% of their portfolio | 725.5k $48.2m | Added +53.5k |
| Ensign Peak Advisors, Inc 0.08% of their portfolio | 699.1k $46.4m | Reduced -103.2k |
| ProShare Advisors LLC 0.08% of their portfolio | 684.6k $45.4m | Added +190.5k |
| ING GROEP NV 0.27% of their portfolio | 673.7k $44.7m | Added +168.8k |
| PEREGRINE CAPITAL MANAGEMENT LLC 1.34% of their portfolio | 657.8k $43.7m | Added +126.9k |
| Korea Investment CORP 0.08% of their portfolio | 634.0k $42.1m | Reduced -135.7k |
| National Pension Service 0.03% of their portfolio | 618.6k $41.1m | Added +58.3k |
| MIG Capital, LLC 6.82% of their portfolio | 605.5k $40.2m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 602.9k $40.0m | Reduced -17.2k |
| FIL Ltd 0.03% of their portfolio | 593.0k $39.4m | Added +6.3k |
| Parkman Healthcare Partners LLC 3.71% of their portfolio | 587.5k $39.0m | Added +415.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 576.5k $38.3m | Added +10.6k |