GAP INC GAP
COM · Common Stock · CUSIP 364760108 · ISIN US3647601083
American multinational clothing and accessories retailer
- SectorConsumer discretionary
- IndustryRetail-Family Clothing Stores
- HeadquartersSan Francisco, CA
- Founded1969
- Websitegapinc.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 ($22.6m this quarter). Holder counts are more reliable. Shares outstanding: 360.0m as of 2026-05-22, 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 ≈ $18.73. Options: 23 managers hold calls ($113.4m notional), 21 hold puts ($128.1m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 356 |
| Q4 2022 | 378 |
| Q1 2023 | 354 |
| Q2 2023 | 338 |
| Q3 2023 | 334 |
| Q4 2023 | 391 |
| Q1 2024 | 411 |
| Q2 2024 | 461 |
| Q3 2024 | 439 |
| Q4 2024 | 464 |
| Q1 2025 | 460 |
| Q2 2025 | 467 |
| Q3 2025 | 473 |
| Q4 2025 | 534 |
| Q1 2026 | 494 |
| Q2 2026 | 487 |
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 | 241 | 215 |
| Q4 2024 | 228 | 221 |
| Q1 2025 | 253 | 216 |
| Q2 2025 | 267 | 223 |
| Q3 2025 | 252 | 221 |
| Q4 2025 | 288 | 224 |
| Q1 2026 | 280 | 248 |
| Q2 2026 | 228 | 276 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $155.0m | $240.6m | 1.55 |
| Q4 2025 | $323.6m | $250.1m | 0.77 |
| Q1 2026 | $103.2m | $148.7m | 1.44 |
| Q2 2026 | $113.4m | $128.1m | 1.13 |
Biggest buyers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +4.5m |
| AQR CAPITAL MANAGEMENT LLC | Added | +3.1m |
| GOLDMAN SACHS GROUP INC | Added | +3.0m |
| Capital Research Global Investors | New | +2.9m |
| MILLENNIUM MANAGEMENT LLC | New | +2.5m |
| DIMENSIONAL FUND ADVISORS LP | Added | +1.9m |
| Pacer Advisors, Inc. | Added | +1.8m |
| FIRST TRUST ADVISORS LP | Added | +1.3m |
| Schonfeld Strategic Advisors LLC | New | +1.2m |
| CITADEL ADVISORS LLC | Added | +1.2m |
Biggest sellers
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -14.0m |
| AMERIPRISE FINANCIAL INC | Reduced | -8.9m |
| MORGAN STANLEY | Reduced | -4.4m |
| FMR LLC | Reduced | -2.5m |
| MARSHALL WACE, LLP | Reduced | -2.1m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -2.0m |
| Quantinno Capital Management LP | Reduced | -1.5m |
| Squarepoint Ops LLC | Sold out | -1.5m |
| FRANKLIN RESOURCES INC | Reduced | -1.4m |
| JANE STREET GROUP, LLC | Reduced | -1.1m |
Biggest calls
| BARCLAYS PLC | Added | $32.7m1.8m shares |
| CITADEL ADVISORS LLC | Added | $14.8m791.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.1m701.1k shares |
| JANE STREET GROUP, LLC | Added | $12.6m672.1k shares |
| GOLDMAN SACHS GROUP INC | New | $10.3m550.0k shares |
| IMC-Chicago, LLC | Reduced | $7.1m381.0k shares |
| Walleye Trading LLC | Added | $5.7m307.4k shares |
| Twin Tree Management, LP | Added | $3.5m187.6k shares |
| GROUP ONE TRADING LLC | Added | $2.9m154.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.1m112.1k shares |
Biggest puts
| BARCLAYS PLC | Added | $29.4m1.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $24.5m1.3m shares |
| CITADEL ADVISORS LLC | Added | $13.3m710.4k shares |
| PEAK6 LLC | Added | $12.6m673.7k shares |
| Parallax Volatility Advisers, L.P. | Added | $11.9m636.5k shares |
| JANE STREET GROUP, LLC | Reduced | $9.9m530.3k shares |
| IMC-Chicago, LLC | Added | $8.2m441.3k shares |
| Walleye Trading LLC | Unchanged | $4.4m238.1k shares |
| GROUP ONE TRADING LLC | Added | $2.6m137.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.2m115.9k 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 |
|---|---|
FISHER WILLIAM SYDNEY
13D · may seek influence
-1.1 pts · filed 2026-10-08
Stated purposeThis Statement is filed on behalf of the Reporting Person to update the beneficial ownership information from that reported in the Schedule 13D. The Reporting Person reviews their investments in the Issuer on a continuing basis and may, at any time, consistent with the obligations of the Reporting Person under the federal securities laws, determine to increase or decrease their respective ownership of shares of the Issuer's Common Stock through purchases or sales of such Common Stock of the Issuer in the open market, in privately negotiated transactions or by gift or other transfers as circumstances dictate. From time to time, the Reporting Person has transferred shares to various entities controlled by him, disposed of certain shares to third parties by gift and sold shares of Issuer Com… Full filing |
13.5% |
FISHER JOHN J
13D · may seek influence
-1.9 pts · filed 2026-09-04
Stated purposeThis Statement is filed on behalf of the Reporting Person to update the beneficial ownership information from that reported in the Schedule 13D. The Reporting Person reviews their investments in the Issuer on a continuing basis and may, at any time, consistent with the obligations of the Reporting Person under the federal securities laws, determine to increase or decrease their respective ownership of shares of the Issuer's Common Stock through purchases or sales of such Common Stock of the Issuer in the open market, in privately negotiated transactions or by gift or other transfers as circumstances dictate. From time to time, the Reporting Person has transferred shares to various entities controlled by him, disposed of certain shares to third parties by gift and sold shares of Issuer Com… Full filing |
13.0% |
FISHER ROBERT J
13D · may seek influence
-1.6 pts · filed 2026-09-04
Stated purposeThis Statement is filed on behalf of the Reporting Person to update the beneficial ownership information from that reported in the Schedule 13D. The Reporting Person reviews their investments in the Issuer on a continuing basis and may, at any time, consistent with the obligations of the Reporting Person under the federal securities laws, determine to increase or decrease their respective ownership of shares of the Issuer's Common Stock through purchases or sales of such Common Stock of the Issuer in the open market, in privately negotiated transactions or by gift or other transfers as circumstances dictate. From time to time, the Reporting Person has transferred shares to various entities controlled by him, disposed of certain shares to third parties by gift and sold shares of Issuer Com… Full filing |
13.0% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution new · filed 2026-10-08 | 5.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26)
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 | — | 5 | $29.0m | $3.0m |
| Q1 2025 | 0 | — | 7 | $4.9m | $4.9m |
| Q2 2025 | 0 | — | 1 | $1.4m | $1.4m |
| Q3 2025 | 0 | — | 2 | $22.0m | — |
| Q4 2025 | 0 | — | 4 | $29.8m | $2.5m |
| Q1 2026 | 0 | — | 5 | $11.2m | $11.2m |
| Q2 2026 | 0 | — | 3 | $1.1m | $143.2k |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-04-17 | Gruber Julie Chief Legal&Compliance Officer | Sold plan | $143.2k5.3k shares |
| 2026-04-10 | Chan Eric Kayen Chief Business & Strat Officer | Sold | $350.3k13.4k shares |
| 2026-04-08 | FISHER JOHN J 10% owner · By Trust | Sold | $7.6m300.0k shares |
| 2026-04-06 | Thompson Amanda J Chief People Officer | Sold | $628.5k25.0k 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 23.0m $428.8m | Added +969.7k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 16.2m $302.3m | Added +1.9m |
| AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 14.7m $267.2m | Added +3.1m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 11.8m $220.8m | Added +230.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 10.5m $196.6m | Reduced -147.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.08% of their portfolio | 9.1m $169.9m | Added +4.5m |
| STATE STREET CORP 0.00% of their portfolio | 7.8m $145.5m | Added +85.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 6.1m $114.6m | Added +697.5k |
| FMR LLC 0.00% of their portfolio | 4.4m $82.6m | Reduced -2.5m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 4.4m $82.4m | Added +3.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 4.1m $77.4m | Reduced -40.4k |
| LSV ASSET MANAGEMENT 0.14% of their portfolio | 4.1m $76.3m | Added +566.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.9m $73.7m | Reduced -603.0k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 3.9m $73.1m | Reduced -1.4m |
| GILDER GAGNON HOWE & CO LLC 0.71% of their portfolio | 3.7m $68.4m | Reduced -11.3k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 3.6m $66.5m | Added +1.3m |
| KHALL LLC 100.00% of their portfolio | 3.4m $63.3m | Unchanged |
| NORGES BANK 0.01% of their portfolio | 3.4m $63.2m | Not comparable |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 3.2m $59.2m | Reduced -8.9m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 3.0m $56.6m | Reduced -103.5k |
| Capital Research Global Investors 0.01% of their portfolio | 2.9m $54.3m | New |
| UBS Group AG 0.01% of their portfolio | 2.8m $51.7m | Added +918.3k |
| Allianz Asset Management GmbH 0.06% of their portfolio | 2.6m $62.7m | Added +1.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.6m $48.0m | Reduced -31.2k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 2.5m $47.0m | New |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 2.3m $43.6m | Added +195.9k |
| BARCLAYS PLC 0.01% of their portfolio | 2.1m $38.8m | Added +835.1k |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 2.0m $37.1m | Reduced -2.0m |
| MORGAN STANLEY 0.00% of their portfolio | 2.0m $37.0m | Reduced -4.4m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.9m $34.9m | Added +9.3k |
| Pacer Advisors, Inc. 0.09% of their portfolio | 1.9m $34.8m | Added +1.8m |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 1.9m $34.8m | Added +603.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.6m $30.3m | Reduced -149.6k |
| MILLER HOWARD INVESTMENTS INC /NY 0.80% of their portfolio | 1.6m $30.3m | Reduced -80.0k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 1.4m $26.5m | Reduced -4.2k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.23% of their portfolio | 1.4m $25.7m | Added +12.2k |
| Schonfeld Strategic Advisors LLC 0.12% of their portfolio | 1.2m $22.7m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.2m $22.7m | Added +1.2m |
| Quantinno Capital Management LP 0.02% of their portfolio | 913.9k $17.1m | Reduced -1.5m |
| Crossmark Global Holdings, Inc. 0.22% of their portfolio | 900.3k $16.8m | Reduced -15.2k |
| PANAGORA ASSET MANAGEMENT INC 0.05% of their portfolio | 890.3k $16.6m | Added +184.6k |
| Invesco Ltd. 0.00% of their portfolio | 837.5k $15.6m | Reduced -282.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.06% of their portfolio | 834.9k $15.6m | Added +544.8k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 800.7k $15.0m | Reduced -1.1m |
| Gotham Asset Management, LLC 0.03% of their portfolio | 752.7k $14.1m | Reduced -51.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 720.2k $13.5m | Added +35.1k |
| HighTower Advisors, LLC 0.01% of their portfolio | 714.2k $13.3m | Reduced -511.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 700.6k $13.1m | Added +551.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 684.9k $12.8m | Added +586.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 663.7k $12.4m | New |
| Empowered Funds, LLC 0.06% of their portfolio | 652.1k $12.2m | Added +162.2k |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 614.2k $11.6m | Added +287.1k |
| ALGERT GLOBAL LLC 0.13% of their portfolio | 586.1k $10.9m | Added +272.2k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 585.2k $10.9m | Reduced -5.1k |
| IEQ CAPITAL, LLC 0.05% of their portfolio | 584.1k $10.9m | Reduced -311.0k |
| NATIXIS 0.05% of their portfolio | 538.4k $10.1m | New |
| California Public Employees Retirement System 0.01% of their portfolio | 511.7k $9.6m | Added +94.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 506.1k $9.5m | Reduced -429 |
| Y-Intercept (Hong Kong) Ltd 0.18% of their portfolio | 481.8k $9.0m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 480.9k $11.6m | Added +67.3k |
| Swiss National Bank 0.00% of their portfolio | 476.5k $8.9m | Reduced -1.9k |
| Caisse de depot et placement du Quebec 0.01% of their portfolio | 452.0k $8.4m | Added +429.2k |
| Nuveen, LLC 0.00% of their portfolio | 449.5k $8.4m | Added +30.9k |
| Illinois Municipal Retirement Fund 0.09% of their portfolio | 447.2k $8.4m | Added +36.8k |
| CAPITAL FUND MANAGEMENT S.A. 0.06% of their portfolio | 435.0k $8.1m | Added +171.9k |
| HS Management Partners, LLC 2.56% of their portfolio | 399.0k $7.5m | Reduced -8.9k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 395.4k $7.4m | Added +42.6k |
| Man Group plc 0.01% of their portfolio | 394.6k $7.4m | Reduced -559.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 362.4k $6.8m | Added +333.8k |
| Legal & General Group Plc 0.00% of their portfolio | 345.7k $6.5m | Reduced -3.9k |
| Mariner, LLC 0.01% of their portfolio | 344.3k $6.4m | Reduced -46.1k |
| Robinhood Asset Management, LLC 0.34% of their portfolio | 337.9k $6.3m | Added +106.9k |
| Cerity Partners LLC 0.01% of their portfolio | 329.0k $6.1m | Reduced -40.5k |
| Knights of Columbus Asset Advisors LLC 0.30% of their portfolio | 324.3k $6.1m | Reduced -2.1k |
| MSA Advisors, LLC 1.48% of their portfolio | 308.8k $5.8m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 304.0k $5.7m | Added +105.4k |
| Legacy Capital Wealth Partners, LLC 1.09% of their portfolio | 303.9k $5.7m | Added +323 |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.02% of their portfolio | 286.1k $5.3m | New |
| GLENMEDE TRUST CO NA 0.02% of their portfolio | 282.1k $5.3m | Added +204.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 273.9k $5.1m | Reduced -5.3k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 269.0k $5.0m | Reduced -14.0m |
| ING GROEP NV 0.02% of their portfolio | 263.6k $4.9m | New |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 250.9k $4.7m | Added +1.4k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio | 250.1k $4.7m | Added +60.3k |
| Mandatum Life Insurance Co Ltd 0.86% of their portfolio | 250.0k $4.7m | Unchanged |
| SEI INVESTMENTS CO 0.00% of their portfolio | 249.6k $4.7m | Added +147.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 248.6k $4.6m | Reduced -3.3k |
| Monte Financial Group, LLC 1.57% of their portfolio | 243.8k $4.9m | Reduced -1.0k |
| Creative Planning 0.00% of their portfolio | 233.1k $4.4m | Added +26.4k |
| Ninety One UK Ltd 0.01% of their portfolio | 231.9k $4.3m | New |
| Retirement Systems of Alabama 0.01% of their portfolio | 230.5k $4.3m | Reduced -47.6k |
| Engineers Gate Manager LP 0.05% of their portfolio | 225.7k $4.2m | New |
| Vest Financial, LLC 0.04% of their portfolio | 221.4k $4.1m | Added +90.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 216.5k $4.0m | Reduced -273.3k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 215.4k $4.0m | Added +58 |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 212.7k $3.9m | Added +35.5k |
| NewSquare Capital LLC 0.29% of their portfolio | 212.4k $4.0m | Added +10.7k |
| CREDIT AGRICOLE S A 0.01% of their portfolio | 212.0k $4.0m | Reduced -826 |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 202.8k $3.8m | Reduced -13.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 202.8k $3.8m | Reduced -62.8k |